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Guru Stocks Raising Dividends: COV, SAFM, CAG, MSFT, AIZ

October 03, 2010 | About:
gurujk

gurujk

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This is the group of companies who raised their dividend during the week: Covidien Ltd., Sanderson Farms Inc., ConAgra Foods Inc., Microsoft Corp., Assurant Inc. (NYSE:AIZ)

Covidien Ltd. (NYSE:COV)

Covidien PLC, formerly Covidien Ltd, is engaged in the development, manufacture and sale of healthcare products for use in clinical and home settings. Covidien Ltd. has a market cap of $20.24 billion; its shares were traded at around $40.36 with a P/E ratio of 12.2 and P/S ratio of 2. The company raised its quarterly dividend by 11% to 20 cents/share. This was the second consecutive annual dividend increase for the company. Yield: 2.00%

Covidien PLC reported results for the third quarter of fiscal 2010 (April - June 2010). Third-quarter net sales of $2.56 billion increased 2% from the $2.52 billion reported a year ago. In the third quarter of 2010, the Company reported operating income of $539 million, versus $441 million in the same period the year before.

Covidien Ltd. is owned by David Dreman, Donald Yacktman, and Bill Nygren.

Sanderson Farms Inc. (NASDAQ:SAFM)

Snderson Farms Inc. is a fully-integrated poultry processing company engaged in the production, processing, marketing and distribution of fresh and frozen chicken products. Sanderson Farms Inc. has a market cap of $985.2 million; its shares were traded at around $43.36 with a P/E ratio of 8.8 and P/S ratio of 0.5. The company raised its quarterly dividend by 13.30% to 17 cents/share. This was the second consecutive annual dividend increase since 2009. Yield: 1.60%

Sanderson Farms, Inc. reported results for the third fiscal quarter and nine months ended July 31, 2010. Net sales for the third quarter of fiscal 2010 were $489.1 million compared with $504.8 million for the same period a year ago. For the quarter, the Company reported net income of $36.1 million, or $1.55 per share, compared with $43.0 million, or $2.06 per share, for the third quarter of fiscal 2009.

Sanderson Farms Inc. is owned by Arnold Schneider, George Soros, and David Dreman.

Director Phil K Livingston and Director Jones Gail Pittman sold shares of SAFM stock.

ConAgra Foods Inc. (NYSE:CAG)

ConAgra Foods has transformed itself into an industry-leading, branded, and value-added food company. Conagra Foods Inc. has a market cap of $9.73 billion; its shares were traded at around $22.13 with a P/E ratio of 13.1 and P/S ratio of 0.8. The company raised its quarterly dividend by 15% to 23 cents/share. This was the second consecutive annual dividend increase for the company. Yield: 4.20%

ConAgra Foods, Inc. reported results for the fiscal 2011 first quarter ended Aug. 29, 2010. Diluted EPS from continuing operations of $0.32 as reported and $0.34, adjusted for items impacting comparability; diluted EPS from continuing operations declined 14% as reported and 11% on a comparable basis.

ConAgra Foods Inc. is owned by Mario Gabelli and Jean-Marie Eveillard.

Microsoft Corp. (NASDAQ:MSFT)

Microsoft develops, manufactures, licenses, and supports a wide range of software products for a multitude of computing devices. Microsoft Corp. has a market cap of $210.97 billion; its shares were traded at around $24.38 with a P/E ratio of 11.6 and P/S ratio of 3.4. The software company raised their quarterly dividend by 23 percent to 16 cents/share. This was the first dividend increase since 2008. Yield: 2.60%.

Microsoft Corp. is owned by John Keeley, David Einhorn, and Donald Yacktman

Chief ResearchStrategy Officer Craig J Mundie, Chief Accounting Officer Frank H Brod, and COO Brian Kevin Turner sold shares of MSFT stock.

Assurant Inc. (NYSE:AIZ)

Assurant Inc is a premier provider of specialized insurance products and related services in North America and selected other international markets. Assurant Inc. has a market cap of $4.33 billion; its shares were traded at around $40.61 with a P/E ratio of 8.3 and P/S ratio of 0.5. Arlington Asset Investment Corp.(AIZ) declared a 71.4% increase in its quarterly dividend to 60 cents/share. Since 2005 the company has decreased its dividend regularly, which doesn’t make it a suitable investment to dividend growth investors. Yield: 11.70%

Assurant, Inc. reported results for the second quarter and first six months of 2010. Net operating income for the second quarter 2010 increased 53 percent to $152.2 million, or $1.35 per diluted share, compared to second quarter 2009 net operating income of $99.3 million, or $.84 per diluted share. Net income for the second quarter 2010 decreased 15 percent to $164.7 million, or $1.46 per diluted share, compared to second quarter 2009 net income of $193.3 million, or $1.63 per diluted share.

Assurant Inc. is owned by David Dreman and NWQ Managers.

President & CIO, AAM Christopher J Pagano sold shares of AIZ stock.


Rating: 3.2/5 (5 votes)

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