Guru Stocks Raising Dividends: Newmont Mining Corp., Norfolk Southern Corp., International Flavors & Fragrances Inc., Crane Co., Republic Services Inc.
Newmont Mining Corp. (NEM) Newmont Mining Corp. is engaged in the production of gold, the exploration for gold and the acquisition and development of gold properties worldwide. Newmont Mining Corp. has a market cap of $27.58 billion; its shares were traded at around $57.04 with a P/E ratio of 16.2 and P/S ratio of 3.5. The company increased it is quarterly dividend by 50% to 15 cents/share. This was the first dividend increase since 2004. Yield: 1.10%
Newmont Mining Corporation announced second quarter adjusted net income1 of $377 million ($0.77 per share) compared to $211 million ($0.43 per share) in the prior year quarter. Net income attributable to Newmont stockholders was $382 million ($0.78 per share) compared to $162 million ($0.33 per share) in the second quarter of 2009.
Newmont Mining Corp. is owned by Jean-Marie Eveillard, NWQ Managers, and PRIMECAP Management.
President & CEO Richard T Obrien, EVP & CFO Russell David Ball, and EVP, Strategic Development E Randall Engel sold shares of NEM stock.
Norfolk Southern Corp. (NSC) Norfolk Southern Corp., a Virginia-based holding company, owns two major freight railroads, Norfolk Southern Railway Company and Norfolk Western Railway Company, which operates in numerous states, the District of Columbia and the Province of Ontario. Norfolk Southern Corp. has a market cap of $21.12 billion; its shares were traded at around $57.06 with a P/E ratio of 17.1 and P/S ratio of 2.7. The company raised its quarterly dividend by 5.9% from $0.34 to $0.36 per share. The company has raised dividends for nine consecutive years. Yield: 2.60%
Norfolk Southern Corporation today reported second-quarter 2010 net income of $392 million, an increase of 59 percent, compared with $247 million for second-quarter 2009. Diluted earnings per share were $1.04, up 58 percent, compared with $0.66 per diluted share earned in the second quarter of 2009. General merchandise revenues were $1.3 billion, 31 percent higher compared with second-quarter 2009 results.
Norfolk Southern Corp. is owned by George Soros, Kenneth Fisher, and PRIMECAP Management.
S.V.P.-Energy and Properties Daniel D Smith and Executive Vice President & COO Mark D Manion sold shares of NSC stock.
International Flavors & Fragrances Inc. (IFF) International Flavors & Fragrances Inc. is a creator and manufacturer of flavor and fragrance products used by other manufacturers to impart or improve flavor or fragrance in a wide variety of consumer products. International Flavors & Fragrances Inc. has a market cap of $3.73 billion; its shares were traded at around $46.87 with a P/E ratio of 15.9 and P/S ratio of 1.6. The company raised its dividend by 8% from $0.25 to $0.27/share. The company has raised annual distributions since 2003. Yield: 2.40%
International Flavors & Fragrances Inc. reported second quarter 2010 revenue of $666 million, 17 percent higher than the prior year quarter. Reported earnings per share (EPS) were $0.83, compared to $0.60 for the second quarter 2009.
International Flavors & Fragrances Inc. is owned by Charles Brandes and Brian Rogers.
Director Katherine M Hudson bought shares of IFF stock.
SVP, Gen.Counsel & Sec'y Dennis M Meany, Group President, Flavors Hernan Vaisman, and Director Margaret Hayes Adame sold shares of IFF stock.
Crane Co. (CR) Crane Co. is a diversified manufacturer of highly engineered industrial products. Crane Co. has a market cap of $2.16 billion; its shares were traded at around $36.5 with a P/E ratio of 15.4 and P/S ratio of 1. The company increased its quarterly dividend by 15% to 23 cents/share. The company has managed to boost annual dividends since 2005. Yield: 2.60%
Crane Co. is owned by Kenneth Fisher and David Dreman.
President & CEO Eric C Fast, VP, Business Development Curtis P Robb, and V.P., Gen. Couns. & Sec. Augustus I Dupont sold shares of CR stock.
Director Donald G Cook bought shares of CR stock.
Republic Services Inc. (RSG) Republic Services, Inc., is a provider of services in the domestic non-hazardous solid waste industry. Republic Services Inc. has a market cap of $12.08 billion; its shares were traded at around $31.64 with a P/E ratio of 20.4 and P/S ratio of 1.5. Republic's Board of Directors approved a five percent increase in the regular quarterly dividend to $0.20 per share. The company has raised its annual dividends since 2004. Yield: 2.50%
Republic Services Inc. is owned by Ruane Cunniff, PRIMECAP Management, and George Soros.
Executive VP/CFO Tod C Holmes, EVP- Operations 10/1/10 Kevin Walbridge, and Director Allan C Sorensen sold shares of RSG stock.