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Guru Stocks Raising Dividends: DCI, SJI, YORW, HRL, BDX

December 05, 2010 | About:
gurujk

gurujk

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This is the group of companies who raised their dividend during the week: Donaldson Company Inc., South Jersey Industries Inc., York Water Company, Hormel Foods Corp., Becton Dickinson and Company

Donaldson Company Inc. (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 $4.35 billion; its shares were traded at around $56.93 with a P/E ratio of 23.6 and P/S ratio of 2.3. On November 19th the company increased its quarterly dividend 4% to $0.13/share. The dividend is payable December 17, 2010, to shareholders of record as of December 6, 2010. The ex-dividend date is December 2, 2010. DCI has raised its dividend for 24 consecutive years. The yield based on the new payout is 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. South Jersey Industries announced GAAP income from continuing operations for the third quarter of 2010 of $1.4 million, or $0.05 per share, as compared with a loss of $1.9 million, or $0.06 per share, for the third quarter of 2009. For the first nine months of 2010, GAAP income from continuing operations was $41.6 million, or $1.39 per share, as compared with $34.8 million, or $1.16 per share, in the first nine months of 2009.

Donaldson Company Inc. is owned by PRIMECAP Management.

South Jersey Industries Inc. (SJI)

South Jersey Inds Inc. is engaged in the business of operating, through subsidiaries, various business enterprises. South Jersey Industries Inc. has a market cap of $1.57 billion; its shares were traded at around $52.44 with a P/E ratio of 19.8 and P/S ratio of 1.8. On November 22nd the company raised its quarterly dividend 10.6% to $0.365/share. The dividend is payable December 29, 2010 to shareholders of record at the close of business December 10, 2010. The ex-dividend date is December 8, 2010. SJI has raised its dividend for 11 consecutive years. The yield based on the new payout is 2.9%.

South Jersey Industries announced GAAP income from continuing operations for the third quarter of 2010 of $1.4 million, or $0.05 per share, as compared with a loss of $1.9 million, or $0.06 per share, for the third quarter of 2009. For the first nine months of 2010, GAAP income from continuing operations was $41.6 million, or $1.39 per share, as compared with $34.8 million, or $1.16 per share, in the first nine months of 2009.

South Jersey Industries Inc. is owned by Mario Gabelli and John Keeley.

York Water Company (YORW)

The York Water Company impounds, purifies and distributes water. York Water Company has a market cap of $204.9 million; its shares were traded at around $16.2 with a P/E ratio of 23.1 and P/S ratio of 5.5. On November 22nd the company increased quarterly dividend 2.3% to $0.131/share. The dividend is payable January 14, 2011 to shareholders as of record date December 31, 2010. The ex-dividend date is December 29, 2010. The yield based on the new payout is 3.3%.

The York Water Company's announced today the Company's financial results for the third quarter and the first nine months of 2010. President Hines also reported that the first nine months operating revenues of $29,251,000 increased $1,517,000, and net income of $6,853,000 increased $1,352,000 compared to the first ninemonths of 2009.

York Water Company is owned by Mario Gabelli

President & CEO Jeffrey R Hines, President & CEO Jeffrey R Hines, and CFO Kathleen M Miller bought shares of YORW stock.

Hormel Foods Corp. (HRL)

Hormel Foods Corporation is a multinational manufacturer and marketer of consumer-branded meat and food products, many of which are among the best known and trusted in the food industry. Hormel Foods Corp. has a market cap of $6.62 billion; its shares were traded at around $49.68 with a P/E ratio of 16.6 and P/S ratio of 0.9. On November 22nd the company raised its quarterly dividend to $0.25/share. The quarterly dividend is payable Feb. 15, 2011, to stockholders of record at the close of business on Jan. 23, 2011. The yield based on the new payout is 2.1%.

Hormel Foods Corp. is owned by NWQ Managers.

Vice President Donald H Kremin bought shares of HRL stock.

Vice President Michael L Devine, Vice President Dennis B Goettsch, and Group Vice President Robert A Tegt sold shares of HRL stock.

Becton Dickinson and Company (BDX)

Becton, Dickinson and Co. is engaged principally in the manufacture and sale of a broad line of supplies, devices and systems used by health care professionals, medical research institutions and the general public. Becton Dickinson And Company has a market cap of $18.93 billion; its shares were traded at around $81.53 with a P/E ratio of 16.2 and P/S ratio of 2.6. November 23rd the company increased quarterly dividend 10.8% to $0.41/share. The dividend will be payable on December 31, 2010 to holders of record on December 10, 2010. The ex-dividend date is December 8, 2010. BDX has raised its dividend for 37 consecutive years. The yield based on the new payout is 2.1%.

Becton, Dickinson and Company reported quarterly revenues of $1.873 billion for the fourth fiscal quarter ended September 30, 2010, representing an increase of 1.0 percent from the prior-year period, or 2.9 percent on a foreign currency-neutral basis. For the full fiscal year ended September 30, 2010, BD reported revenues of $7.372 billion, representing an increase of 5.5 percent over the prior year, or 5.6 percent on a foreign currency-neutral basis. Reports diluted earnings per share from continuing operations of $1.24 for the fourth quarter and $4.90 for the full fiscal year, in line with the Company’s expectations.

Becton Dickinson and Company is owned by David Tepper.

Chairman and CEO Edward J Ludwig, Sr. VP and General Counsel Jeffrey S Sherman, and Senior VPand Controller William A Tozzi sold shares of BDX stock.


Rating: 4.7/5 (3 votes)

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