GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Guru Stocks Raising Dividends: EPD, RAI, HCSG, GEL, OHI

October 25, 2010 | About:
Valuehuntr

gurujk

5 followers
This is the group of companies who raised their dividend during the week: Enterprise Products Partners L.P., Reynolds American Inc., Healthcare Services Group Inc., Genesis Energy L.P., Omega Healthcare Investors Inc.

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 $26.87 billion; its shares were traded at around $42.07 with a P/E ratio of 22 and P/S ratio of 1. The company raised its quarterly distributions by 1.30% to 58.25 cents/unit. The company has raised distributions for eleven consecutive years. Yield: 5.60%

Enterprise Products Partners L.P. announced its financial results for the three and six months ended June 30, 2010. Net income attributable to Enterprise for the second quarter of 2010 was $357 million, or $0.46 per unit on a fully diluted basis, versus $187 million, or $0.32 per unit on a fully diluted basis, for the second quarter of 2009.

Reynolds American Inc. (RAI)

Reynolds American Inc. is the parent company of R.J. Reynolds American Inc. has a market cap of $18.29 billion; its shares were traded at around $62.74 with a P/E ratio of 13.2 and P/S ratio of 2.2. The company’s board of directors approved an 8.9% dividend increase from 45 to 49 cents/share. Reynolds American has consistently raised distributions since 2005. Yield: 3.20%

Reynolds American Inc. is owned by Richard Aster Jr, James Barrow, and David Winters.

Healthcare Services Group Inc. (HCSG)

Healthcare Services Group, Inc. provides housekeeping, laundry, linen, facility maintenance and food services to the health care industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals. Healthcare Services Group Inc. has a market cap of $1.06 billion; its shares were traded at around $24.25 with a P/E ratio of 33.2 and P/S ratio of 1.5. The company raised its quarterly dividend from 23 cents/share to 23.25 cents/share. It has raised dividends every single quarter since 2003. Yield: 3.80%

Healthcare Services Group, Inc. reported that revenues for the three months ended September 30, 2010 increased over 9% to $195,114,000 compared to $178,829,000 for the same 2009 period. Net income for the three months ended September 30, 2010 increased approximately 12% to $9,169,000 or $.21 per basic and per diluted common share, compared to the 2009 third quarter net income of $8,225,000 or $.19 per basic and per diluted common share.

CEO Daniel P Mccartney, CFO Richard W Hudson, and Director John Briggs sold shares of HCSG.

Genesis Energy L.P. (GEL)

Genesis Energy operates crude oil common carrier pipelines and is an independent gatherer and marketer of crude oil in North America, with operations concentrated in Texas, Louisiana, Alabama, Florida, Mississippi and New Mexico. Genesis Energy L.p. has a market cap of $1.03 billion; its shares were traded at around $26.05 with a P/E ratio of 39.6 and P/S ratio of 0.7. The company announced a 3.30% increase in its quarterly distribution to 38.75 cents/unit. This company has raised distributions since 2004. Yield: 6.20%

Genesis Energy, L.P. announced its second quarter results. Net income attributable to the Partnership for the second quarter of 2010 was $14.2 million, or $0.29 per common unit, as compared to net income attributable to the Partnership of $4.5 million, or $0.13 per unit, for the second quarter of 2009.

Genesis Energy L.P. is owned by Mario Gabelli.

Former Director J Conley Stone sold shares of GEL stock.

Omega Healthcare Investors Inc. (OHI)

OMEGA HEALTHCARE INVESTORS is a self-administered real estate investment trust which invests in income- producing health care facilities, principally long-term care facilities, with the objective of profitable growth and further diversification of the investment portfolio. Omega Healthcare Investors Inc. has a market cap of $2.23 billion; its shares were traded at around $23.53 with a P/E ratio of 15.9 and P/S ratio of 11.3. The company raised its quarterly distributions by one penny to 37 cents/share. This REIT has consistently raised dividends since 2004. Yield: 6.40%

CapitalSource Inc. announced financial results for the second quarter of 2010. Net income for the quarter was $18 million, or $0.06 per diluted share, compared to a net loss of $212 million or $0.66 per diluted share in the prior quarter and a net loss of $247 million or $0.82 per diluted share in the second quarter of 2009.

CFO Robert O Stephenson and Director Harold J Kloosterman sold shares of OHI stock.


Rating: 3.5/5 (2 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Email Hide