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Guru Stocks Raising Dividends: NKE, LG, DCI, RGLD

November 28, 2010 | About:
gurujk

gurujk

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This is the group of companies who raised their dividend during the week: NIKE Inc., The Laclede Group Inc., Donaldson Company Inc., and Royal Gold Inc.

NIKE Inc. (NYSE:NKE)

Nike, Inc.'s principal business activity involves the design, development and worldwide marketing of high quality footwear, apparel, equipment, and accessory products. Nike Inc. has a market cap of $41.08 billion; its shares were traded at around $85.96 with a P/E ratio of 21.6 and P/S ratio of 2.2. The company raised its quarterly dividend by 15% from 27 cents/share to 31 cents/share. This was the ninth consecutive annual dividend increase for Nike. Yield: 1.40%

NIKE, Inc. reported financial results for its fiscal 2011 first quarter ended August 31, 2010. Revenues increased 8 percent to $5.2 billion. Net income increased 9 percent to $559 million and diluted earnings per share increased 10 percent to $1.14 reflecting an approximate 1 percent decline in the number of diluted weighted average common shares outstanding.

NIKE Inc. is owned by John Hussman, Ken Heebner, and Mario Gabelli.

VP & CFO Donald W Blair, President-NIKE Brand Charles D Denson, and Vice President Eric D Sprunk sold shares of NKE stock.

Director John C Lechleiter bought shares of NKE stock.

The Laclede Group Inc. (NYSE:LG)

The Laclede Group, Inc. is a public utility engaged in the retail distribution and transportation of natural gas. The Laclede Group Inc. has a market cap of $793.8 million; its shares were traded at around $35.61 with a P/E ratio of 14.8 and P/S ratio of 0.5. The company raised its quarterly dividend by 2.50% to 40.50 cents/share. This was the seventh consecutive annual dividend increase for Laclede. Yield: 4.60%

The Laclede Group Inc. is owned by Mario Gabelli.

Chairman, President & CEO Douglas H Yaeger sold shares of LG stock.

Donaldson Company Inc. (NYSE:DCI)

Donaldson Company, Inc. is a worldwide manufacturer of air cleaners, liquid filters and exhaust products and accessories for heavy duty mobile equipment; in-plant air cleaning systems; air intake systems and exhaust products for industrial gas turbines; and specialized filters for diverse applications. Donaldson Company Inc. has a market cap of $4.16 billion; its shares were traded at around $54.53 with a P/E ratio of 22.5 and P/S ratio of 2.3. This stock raised its quarterly distribution by 4% to 13 cents/ share. This was the second dividend increase this year, and marked the 25th consecutive annual dividend increase for the company. Yield: 1%

Donaldson Company, Inc. announced its financial results for its fiscal 2011 first quarter. Operating expenses for the quarter were $113.6 million, up 18.4 percent from $96.0 million last year.

Donaldson Company Inc. is owned by PRIMECAP Management and Mario Gabelli.

Director Jack W Eugster, Director Janet M Dolan, and Vice President Norman C Linnell sold shares of DCI stock.

Royal Gold Inc. (NASDAQ:RGLD)

Royal Gold, Inc. is engaged in the acquisition and management of precious metals royalties. Royal Gold Inc. has a market cap of $2.75 billion; its shares were traded at around $51.25 with a P/E ratio of 60.4 and P/S ratio of 20.1. The company raised its quarterly dividend by 22% to 11 cents/share. This was the sixth consecutive annual dividend increase for this gold stock. Yield: 0.90%

Royal Gold, Inc. announced record royalty revenue of $45.3 million for the first quarter of fiscal 2011 and net income attributable to Royal Gold stockholders of $11.8 million, or $0.22 per basic share. This compares to royalty revenue of $26.1 million and net income of $7.1 million, or $0.18 per basic share, for the first quarter of fiscal 2010.

Royal Gold Inc. is owned by Mario Gabelli and Jean-Marie Eveillard.

Director M Craig Haase bought shares of RGLD stock.

Director Stanley Dempsey sold shares of RGLD stock.


Rating: 2.8/5 (4 votes)

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