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Guru Stocks Raising Dividends: Walgreen Company, PPG Industries Inc., The Stanley Works, National Retail Properties Inc., Enterprise Products Partners

July 25, 2010 | About:
gurujk

gurujk

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This is the group of companies who raised their dividend during the week: Walgreen Company, PPG Industries Inc., The Stanley Works, National Retail Properties Inc., and Enterprise Products Partners L.P.

Walgreen Company (WAG)

Walgreen Co. is a national retail pharmacy chain and considered the leader in innovative drugstore retailing. Walgreen Company has a market cap of $29.49 billion; its shares were traded at around $30.14 with a P/E ratio of 14.4 and P/S ratio of 0.5. The company increased the quarterly dividend 27.3% to $0.175 per share, for the 35th consecutive year. Walgreen is a dividend aristocrat and yields 2.40%. (analysis)

Walgreens announced earnings and sales results for the third quarter of fiscal year 2010. Third quarter sales increased 6.1 percent from the prior-year quarter to a record $17.2 billion and increased 6.1 percent to $50.6 billion for the first nine months of fiscal 2010. Net earnings for the quarter ended May 31, 2010, were $463 million or 47 cents per diluted share.

Walgreen Company is owned by Daniel Loeb, James Barrow, and Tom Gayner.

Executive Vice President Kermit R Crawford and Executive Vice President Dana Green sold shares of WAG stock.

PPG Industries Inc. (PPG)

PPG Industries, Inc. is comprised of three following basic business segments: coatings, glass and chemicals. Ppg Industries Inc. has a market cap of $11.25 billion; its shares were traded at around $67.65 with a P/E ratio of 16.2 and P/S ratio of 0.8. The company’s board of directors approved an increase in the company’s dividend, declaring a regular quarterly dividend of $0.55 per share. This dividend aristocrat has raised distributions for 39 consecutive years. The stock yields 3.30%.

PPG Industries Inc. is owned by Richard Aster Jr, Dodge & Cox, and Kenneth Fisher.

Sr VP Finance & CFO Robert J Dellinger and Sr. VP, Optical & SpecMatls Richard C Elias bought shares of PPG stock.

Sr. VP & Gen. Counsel James C Diggs and Sr. VP, Glass & Fiber Glass Victoria M Holt sold shares of PPG stock.

The Stanley Works (SWK)

Stanley Black & Decker, Inc., formerly known as Stanley Works Inc. The Stanley Works has a market cap of $9.2 billion; its shares were traded at around $57.35 with a P/E ratio of 19.7 and P/S ratio of 2.3. Stanley Black & Decker raised its quarterly dividend by 3% from $0.33 to $0.34 per common share, This dividend aristocrat has consistently increased distributions for 43 consecutive years. The stock yields 2.50%.

Stanley Black & Decker announced second quarter 2010 financial results. Net sales for the period were $2.4 billion, up 157% versus prior year.

The Stanley Works is owned by John Rogers, Lee Ainslie, and Charles Brandes.

Sen. VP & CFO Donald Allan, Director Robert L Ryan, and Pres., Professional Power Tls William Scott Taylor sold share of PPG stock.

National Retail Properties Inc. (NNN)

National Retail Properties, Inc. a real estate investment trust, invests in high-quality, single-tenant retail properties generally subject to long-term, net leases with established tenants, such as Barnes & Noble, Best Buy, CVS, OfficeMax, and the United States of America. National Retail Properties Inc. has a market cap of $1.93 billion; its shares were traded at around $23.21 with a P/E ratio of 15.3 and P/S ratio of 8.4. The company increased quarterly distributions 1.30% to 38 cents/share. This was the 21st consecutive annual dividend increase for this dividend achiever. Without this increase the company would have lost its status of a dividend growth stock. National Retail Properties yields 6.60%. (analysis)

National Retail Properties Inc. is owned by Kenneth Fisher.

EVP & CFO Kevin B Habicht, Executive Officer Christopher Paul Tessitore, and President and COO Julian E Whitehurst sold shares of NNN stock.

Enterprise Products Partners L.P. (EPD)

Enterprise Products Partners L.P. is a integrated provider of processing and transportation services to producers of Natural Gas Liquids (NGLs) and consumers of NGL products. Enterprise Products Partners L.p. has a market cap of $24.58 billion; its shares were traded at around $38.73 with a P/E ratio of 20.6 and P/S ratio of 0.9. The board of directors of the company’s general partner declared an increase in the quarterly cash distribution rate paid to partners to $0.575 per common unit. This master limited partnership has raised distributions for over a decade, and is a member of the dividend achievers index. The units yield 6.20%.

Chairman, 10% Owner Dan L Duncan and EVP & Chief Commercial Officer Aj Teague bought shares of EPD stock.


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