1.Universal Corporation (UVV)
Universal Corporation (UVV), which operates as the leaf tobacco merchants and processors worldwide, increased its quarterly dividend by 2.2% to 47 cents per share. Universal Corporation is a dividend champion, which has raised distributions for 39 years in a row. In addition to that the company’s Board of Directors approved a program for the repurchase of up to $150 million of the company’s common stock, which represents approximately 3% of its outstanding shares issued at current prices.The stock currently yields 4.50%. Universal Corporation, is the world's largest independent tobacco merchant as well as a leading lumber and building products distributor in the Netherlands. In addition, Universal is the world's largest independent tea dealer, the largest exporter of confectionery sunflower seeds in the United States and the leading importer of certain dried fruits and nuts to the United States. Universal Corp. has a market cap of $1.13 billion; its shares were traded at around $45.41 with a P/E ratio of 8.1 and P/S ratio of 0.4. The dividend yield of Universal Corp. stocks is 4%. Universal Corp. had an annual average earning growth of 19.1% over the past 10 years.
Universal Corporation recently reported first quarter 2010 results. The company nnounced that net income attributable to Universal Corporation for the first quarter of fiscal year 2010, which ended on June 30, 2009, was $43.7 million, or $1.47 per diluted share. Those results more than doubled last year's income of $21.1 million, or $0.64 per diluted share. Revenues for the quarter were about $616 million.
David Dreman owns 535,382 shares as of 06/30/2009, which accounts for 0.57% of the $3.12 billion portfolio of Dreman Value Management. Richard Pzena owns 170,231 shares as of 06/30/2009, which accounts for 0.07% of the $8.5 billion portfolio of Pzena Investment Management LLC.
Buy:: Chairman, President & CEO George C Iii Freeman bought 500 shares of UVV stock on 05/27/2009 at the average price of 37.78, the price of the stock has increased by 20.2% since. Buy:: Chairman, President & CEO George C Iii Freeman bought 500 shares of UVV stock on 05/27/2009 at the average price of 35.36, the price of the stock has increased by 28.42% since. Sell:: Subsidiary Officer Theodore G Broome sold 600 shares of UVV stock on 08/24/2009 at the average price of 38.85, the price of the stock has increased by 16.89% since. Sell:: Director Hubert R Stallard sold 1,000 shares of UVV stock on 08/07/2009 at the average price of 37.35, the price of the stock has increased by 21.58% since.
2. Kimco Realty Corporation (KIM)
Kimco Realty Corporation (KIM), which engages in acquisitions, development, and management of real estate properties, increased its quarterly distributions to 16 cents per share. Kimco Realty Corporation cut its dividends in 2009 from 44 to 6 cents/share after 16 years of consistent increases. The stock currently yields 5.40% based off the new distribution amount. Kimco Realty Corp. together with its subsidiaries, is a self-administered real estate investment trust and is one of the nation's largest owners and operators of neighborhood and community shopping centers. The company's portfolio of property interests includes neighborhood and community shopping center properties, regional malls, retail store leases, parcels of undeveloped land, and projects under development. Kimco Realty Corp. has a market cap of $4.69 billion; its shares were traded at around $12.45 with a P/E ratio of 11.6 and P/S ratio of 6.1. The dividend yield of Kimco Realty Corp. stocks is 1.9%. Kimco Realty Corp. had an annual average earning growth of 1.6% over the past 10 years.
John Paulson bought 217,259 shares in the quarter that ended on 06/30/2009, which is 0.01% of the $20.46 billion portfolio of Paulson & Co. Chris Davis owns 1,883,970 shares as of 06/30/2009, an increase of 60.37% from the previous quarter. This position accounts for 0.04% of the $51.82 billion portfolio of Davis Selected Advisers. Third Avenue Management owns 1,733,800 shares as of 06/30/2009, which accounts for 0.4% of the $4.36 billion portfolio of Third Avenue Management. John Paulson sold out his holdings in the quarter that ended on 09/30/2009.
Sell:: Director Joe Grills sold 22,500 shares of KIM stock on 09/11/2009 at the average price of 13, the price of the stock has decreased by 4.23% since. Sell:: Director Richard G Dooley sold 22,500 shares of KIM stock on 09/11/2009 at the average price of 13.02, the price of the stock has decreased by 4.38% since.
3. Microchip Technology (MCHP)
Microchip Technology (MCHP), which develops and manufactures semiconductor products for various embedded control applications, increased its quarterly dividend by a nominal amount from 33.9 to 34cents per share. Microchip Technology has raised distributions since 2002. Despite the appealing yield of 5.60% and the possibility for gaining diversification in the technology sector, the high payout ratio is a red flag at the moment. Microchip Technology, Inc. develops and manufactures specialized semiconductor products used by its customers for a wide variety of embedded control applications. Its product portfolio comprises microcontrollers; application-specific standard products; and related mixed-signal and memory products. The company markets its products to the consumer, automotive, office automation, communications andindustrial markets. Microchip Technology Inc. has a market cap of $4.9 billion; its shares were traded at around $26.76 with a P/E ratio of 36.7 and P/S ratio of 5.5. The dividend yield of Microchip Technology Inc. stocks is 5.1%. Microchip Technology Inc. had an annual average earning growth of 12.6% over the past 10 years. GuruFocus rated Microchip Technology Inc. the business predictability rank of 4-star.
Micro Technology recently announced fiscal results for the second quarter 2009. Net sales for the second quarter of fiscal year 2010 were $226.7 million, up 17.5% sequentially from net sales of $192.9 million in the immediately preceding quarter, and down approximately 16% from net sales of $269.7 million in the prior year’s second fiscal quarter. GAAP net income for the second quarter of fiscal year 2010 was $44.5 million, or 24 cents per diluted share, up 62.5% from GAAP net income of $27.4 million, or 15 cents per diluted share, in the immediately preceding quarter, and down 41.3% from GAAP net income of $75.7 million, or 40 cents per diluted share, in the prior year’s second fiscal quarter.
Sell:: VP, Fab Operations David S Lambert sold 48,600 shares of MCHP stock on 11/11/2009 at the average price of 26.58, the price of the stock has increased by 0.68% since. Sell:: VP, WW Sales and Appns. Mitchell R Little sold 1,200 shares of MCHP stock on 11/11/2009 at the average price of 26.51, the price of the stock has increased by 0.94% since. Sell:: VP, WW Sales and Appns. Mitchell R Little sold 11,191 shares of MCHP stock on 11/06/2009 at the average price of 25.25, the price of the stock has increased by 5.98% since. Sell:: VP, Analog and Intrfc Prod Div Richard J Simoncic sold 920 shares of MCHP stock on 11/05/2009 at the average price of 25.45, the price of the stock has increased by 5.15% since. Sell:: VP, Security, MCU & Tech Div. Stephen V Drehobl sold 1,070 shares of MCHP stock on 11/05/2009 at the average price of 25.47, the price of the stock has increased by 5.06% since.
4. Aaron's, Inc. (AAN)
Aaron's, Inc. (AAN) which operates operates as a specialty retailer of consumer electronics, computers, residential and office furniture, household appliances, and accessories, increased its quarterly dividend by 5.9% to 1.8 cents per share. Aaron's, Inc has only raised distributions since 2003. In addition to that the stock currently yields only 0.30%. With EPS of $1.58 in 2008, the company could definitely afford to set up its dividend payments to shareholders a notch. Aaron's, Inc. is the leader in the sales and lease ownership, specialty retailing and rental of residential and office furniture, consumer electronics and home appliances and accessories in the United States and Canada. Headquartered in Atlanta, the company has more than 1,575 Company-operated and franchised stores in 48 states and Canada. The Aaron's Sales & Lease Ownership division is the largest and fastest growing division, serving credit-constrained consumers in need of basic home furnishings, appliances and electronics. The Company's Corporate Furnishings business serves both corporate customers with office furniture and residential furniture for employee relocations and the traditional residential customers. The MacTavish Furniture Industries division manufactures the majority of furniture leased, rented and sold by Aaron's. Aaron's Inc. has a market cap of $1.47 billion; its shares were traded at around $27.17 with a P/E ratio of 13.5 and P/S ratio of 0.9. The dividend yield of Aaron's Inc. stocks is 0.2%.
Aaron's, Inc. announced revenues and earnings for the three and nine months ended September 30, 2009. For the third quarter of 2009, revenues increased 7% to $415.3 million compared to $388.0 million for the same period last year. Net earnings from continuing operations rose 24% to $24.7 million versus$19.8 million recorded in the third quarter a year ago. Diluted earnings per share from continuing operations were $.45 compared to $.37 for the third quarter of last year, a 22% increase. Diluted earnings per share were $.45 compared to $.39 per share in 2008.
Sell:: Chairman, 10% Owner R Charles Sr Loudermilk sold 27,134 shares of AAN stock on 09/18/2009 at the average price of 27, the price of the stock has increased by 0.63% since. Sell:: Chairman, 10% Owner R Charles Sr Loudermilk sold 300 shares of AAN stock on 06/26/2009 at the average price of 30.75, the price of the stock has decreased by 11.64% since. Sell:: Chairman, 10% Owner R Charles Sr Loudermilk sold 63,211 shares of AAN stock on 06/24/2009 at the average price of 30.81, the price of the stock has decreased by 11.81% since. Sell:: Senior Vice President Mitchell S Paull sold 13,100 shares of AAN stock on 06/01/2009 at the average price of 33.42, the price of the stock has decreased by 18.7% since. Sell:: COO William K Jr Butler sold 74,900 shares of AAN stock on 06/01/2009 at the average price of 32.65, the price of the stock has decreased by 16.78% since.
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