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: BWP, EEI, NS, HEP, CTAS

November 06, 2010 | About:
This is the group of companies who raised their dividend during the week: Boardwalk Pipeline Partners LP, Ecology and Environment Inc, NuStar Energy L.P., Holly Energy Partners L.P., and Cintas Corp.

Boardwalk Pipeline Partners LP (BWP)

Boardwalk Pipeline Partners LP is a master limited partnership engaged through its subsidiaries, Texas Gas Transmission, LLC and Gulf South Pipeline Company, LP, in the interstate transportation and storage of natural gas. Boardwalk Pipeline Partners Lp has a market cap of $6.46 billion; its shares were traded at around $33.25 with a P/E ratio of 27.5 and P/S ratio of 7.2. The company has raised distributions since going public in 2006. Yield: 6.10%

Boardwalk Pipeline Partners, LP said third quarter revenue increased 25% to $257.6 million from $205.4 million in the same quarter last year. Net income in the quarter surged 197% to $55.8 million or 28 cent per diluted share, compared to net income of $18.8 million or 10 cent per share for the year-ago quarter.

Boardwalk Pipeline Partners LP is owned by John Keeley.

Ecology and Environment Inc (EEI)

ECOLOGY & ENVIRONMENT, INC. is a broad based environmental consulting and testing firm that offers a broad range of environmental consulting services including: environmental audits; environmental impact assessments; terrestrial, aquatic and marine surveys; air quality management and air toxics pollution control; nvironmental engineering; noise pollution evaluations; wastewater analyses; water pollution control; industrial hygiene and occupational health studies; archaeological and cultural resource studies; and environmental infrastructure planning. Ecology And Environment Inc has a market cap of $55.9 million; its shares were traded at around $13.5 with a P/E ratio of 18.1 and P/S ratio of 0.4. The company raised its smi-annual dividend by 4.80% to 22 cents/share. The company has consistently raised dividends since 2006. Yield: 3.30%

Ecology and Environment, Inc. announced record earnings of $1.9 million or $.44 per share for the fourth quarter ending July 31, 2010, compared to earnings of $1.1 million or $.26 per share for the fourth quarter of the previous fiscal year. The improvement in fourth quarter operations brought annual earnings to $1.02 per share on revenues of $144.9 million, compared to earnings of $1.27 per share on revenues of $146.9 million for the previous year.

Executive V.P. of Finance Ronald L Frank bought shares of EEI stock.

NuStar Energy L.P. (NS)

Valero L.P., formerly Shamrock Logistics LP, owns and operates most of Ultramar Diamond Shamrock's crude oil and refined product pipeline, terminalling, and storage assets that support the McKee, Three Rivers, and Ardmore refineries and its marketing operations located in Texas, Oklahoma, Colorado, New Mexico, and Arizona. Nustar Energy L.p. has a market cap of $4.3 billion; its shares were traded at around $66.39 with a P/E ratio of 23.2 and P/S ratio of 1.1. The company raised its quarterly distributions by 1% to $1.075/share. This master limited partnership has consistently raised distributions since 2001. Yield: 6.80%

NuStar Energy L.P. announced record second quarter net income applicable to limited partners of $89.1 million, or $1.43 per unit, compared to $75.1 million, or $1.38 per unit, earned in the second quarter of 2009. Earnings before interest, taxes, depreciation and amortization (EBITDA) were $157.1 million for the second quarter of 2010, also a record for the second quarter, compared to $141.9 million for the second quarter of 2009.

NuStar Energy L.P. is owned by Jean-Marie Eveillard.

Holly Energy Partners L.P. (HEP)

Holly Energy Partners, through its subsidiaries, will own and operate refined product pipelines and terminals primarily in West Texas, New Mexico, Arizona and Utah. Holly Energy Partners L.p. has a market cap of $1.15 billion; its shares were traded at around $52.53 with a P/E ratio of 25 and P/S ratio of 7.8. The company raised its quarterly distribution by 1.20% over the previous quarters distribution, to 83.50 cents/unit. This master limited partnership has consistently raised distributions since 2005. Yield: 6.60%

Holly Energy Partners, L.P. For the quarter, income from continuing operations was $16.3 million ($0.59 per basic and diluted limited partner unit) compared to $15.5 million ($0.73 per basic and diluted limited partner unit) for the third quarter of 2009. Net income was $16.3 million ($0.59 per basic and diluted limited partner unit) versus $16.5 million ($0.78 per basic and diluted limited partner unit) for the third quarter of 2009, which included Rio Grande discontinued operations. Total revenues from continuing operations for the quarter were $46.5 million, a $5.7 million increase compared to the third quarter of 2009.

Cintas Corp. (CTAS)

Cintas Corp. provides a specialized service to businesses of all types - from small service and manufacturing companies to major corporations. Cintas Corp. has a market cap of $4.32 billion; its shares were traded at around $28.2 with a P/E ratio of 19.4 and P/S ratio of 1.2. This dividend aristocrat raised its annual dividend by 2% to 49 cents/share. The company has raised distributions for 28 years in a row. Yield: 1.80%

Cintas Corporation eported its results for the first quarter of its fiscal year 2011. Revenue for the quarter, which ended August 31, 2010, was $924 million, representing a 3.6% increase compared to last year’s first quarter. Net income and earnings per diluted share for the quarter were $61 million and $0.40, respectively.

Cintas Corp is owned by George Soros, Tweedy Browne, and Jean-Marie Eveillard.

About the author:

gurujk
The Curious Investor is a stock investing blog written by Daniel Hung. The blog's aim is to provide both educational and informational articles on stock investing concepts, strategies, and potential targets. The author hopes that these articles will allow him and others to make informed and profitable investment decisions. Further, he invites readers to respond via comments or e-mail and participate in constructive discussion. Daniel Hung started The Curious Investor as a student at Columbia University and it blossomed into a passion for investing and finance he hopes to share with others. He now works for a private investment fund in New York, NY. For more articles and tutorials please visit: http://thecuriousinvestor.com

Visit gurujk's Website


Rating: 3.0/5 (3 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