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Guru Stocks Raising Dividends: EE, EPIQ, PPS
Posted by: gurujk (IP Logged)
Date: June 4, 2012 11:14AM

This is the group of companies who raised their dividend during the week:

El Paso Elec Co. (EE)

El Paso Electric Co. is a public utility engaged in the generation,transmission & distribution of electricity in an area of west Texas & southern New Mexico. El Paso Electric Co. has a market cap of $1.25 billion; its shares were traded at around $31.15 with a P/E ratio of 13.04 and P/S ratio of 2.02. On May 31, the company increased its quarterly dividend 13.6% to $0.25 per share. The dividend is payable June 29, 2012 to shareholders of record on June 15, 2012. The yield based on the new payout is 3.3%.

For the first quarter of 2012, El Paso Electric Co. reported net income of $3.3 million, or $0.08 basic and diluted earnings per share. In the first quarter of 2011, EE reported net income of $6.8 million, or $0.16 basic and diluted earnings per share.

Joel Greenblatt, John Keeley, and Mario Gabelli owns shares of EE stock.

CEO David W. Stevens, Retired Vice President Power Market & Fuel John A. Whitacre, and Former Senior Vice President Customer, Ext Af Richard Fleager sold shares of EE stock.

Senior Vice President Customer Care and External Affairs Richard Fleager bought shares of EE stock.

EPIQ Systems Inc. (EPIQ)

EPIQ Systems Inc. develops, markets and licenses proprietary software solutions for workflow management and data communications infrastructure that serve the bankruptcy trustee market and financial services market. EPIQ Systems Inc. has a market cap of $392.74 million; its shares were traded at around $10.9 with a P/E ratio of 13.8 and P/S ratio of 1.39. On May 30, the company increased its quarterly dividend 30% to $0.065 per share. The quarterly cash dividend is payable Aug. 17, 2012, to stockholders of record at the close of business on July 16, 2012. The yield based on the new payout is 2.3%.

Post Properties Inc. (PPS)

Post Properties Inc. is one of the largest developers and operators of upscale multifamily apartment communities in the Southeastern and Southwestern U.S. Post Properties Inc. has a market cap of $2.54 billion; its shares were traded at around $47.66 with a P/E ratio of 21.37 and P/S ratio of 8.31. On May 30, the company increased its quarterly dividend 13% to $0.25 per share. The dividend is payable July 13, 2012 to shareholders of record as of June 29, 2012. The yield based on the new payout is 2.1%.

For the first quarter of 2012, Post Properties Inc. reported a net income of $21.9 million. This compares to the net income from the corresponding quarter the prior year of $3.0 million.

Chris Davis owns 515,056 shares as of 03/31/2012, an increase of 50.89% from the previous quarter. This position accounts for 0.05% of the $0 million portfolio of Davis Selected Advisers.

President and CEO David P. Stockert, Executive Vice President and CFO Christopher J. Papa, and Executive Vice President and Secretary Sherry W. Cohen sold shares of PPS stock.


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