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: HI, GGG, ERIE, LAWS, LSE

December 20, 2010 | About:
gurujk

gurujk

5 followers
This is the group of companies who raised their dividend during the week: HILLENBRAND INC, Graco Inc., Erie Indemnity Company, Lawson Products Inc., and CapLease Inc.

HILLENBRAND INC (HI)

HILLENBRAND, INC. is the holding company for Batesville Casket Company, a leader in the North American death care industry through the sale of funeral services products, including burial caskets, cremation caskets, containers and urns, selection room display fixturing and other personalization and memorialization products. Hillenbrand Inc has a market cap of $1.28 billion; its shares were traded at around $20.51 with a P/E ratio of 11.4 and P/S ratio of 1.6. December 3rd the company increased its quarterly dividend 1.3% to $0.19/share. The dividend is payable December 31, 2010, to shareholders of record at the close of business on December 15, 2010.

Hillenbrand, Inc. reported 2010 annual revenue of $749.2 million, a $100.1 million (15 percent) increase over the prior year. On an as-adjusted basis, net income of $111.6 million and earnings per share of $1.80 represented an increase of 7 percent.

HILLENBRAND INC is owned by Richard Aster Jr.

Director James A Henderson bought shares of HI stock.

Graco Inc. (GGG)

Graco Inc. supplies technology and expertise for the management of fluids in both industrial and commercial settings. Graco Inc. has a market cap of $2.37 billion; its shares were traded at around $39.63 with a P/E ratio of 25.9 and P/S ratio of 4.1. December 3rd the company raised its quarterly dividend 5% to $0.21/share. The dividend is payable on February 2, 2011, to shareholders of record at the close of business on January 18, 2011. The ex-dividend date is January 14, 2010. GGG has raised its dividend for 12 consecutive years. The yield based on the new payout is 2.2%.

Graco Inc. announced results for the quarter and nine months ended September 24, 2010. Total operating expenses increased $9 million for the quarter and $16 million year-to-date. Sales for the quarter increased 29 percent in the Americas, 22 percent in Europe (32 percent at consistent translation rates) and 37 percent in Asia Pacific (33 percent at consistent translation rates).

Graco Inc. is owned by Ron Baron and Richard Pzena

CFO and TREASURER James A Graner, Director J Kevin Gilligan, and Vice President David M Lowe sold shares of GGG stock.

Erie Indemnity Company (ERIE)

Erie Indemnity Company's principal business activity consists of management of the affairs for Erie Insurance Exchange. Erie Indemnity Company has a market cap of $3.17 billion; its shares were traded at around $63.17 with a P/E ratio of 21.5 and P/S ratio of 2.8. December 7th the company increased its quarterly dividend 7.3% to $0.515/share. The dividend is payable on Jan. 20 to shareholders of record on Jan. 5. The ex-dividend date is Jan. 3. ERIE has raised its dividend for 21 consecutive years. The yield based on the new payout is 3.27%.

Senior Vice President Christina M Marsh, Senior Vice President Gary D Veshecco, and Senior Vice President Matthew W Myers bought shares of ERIE stock.

Lawson Products Inc. (LAWS)

Lawson Products, Inc. is a distributor of expendable maintenance, repair & replacement products. Lawson Products Inc. has a market cap of $212.4 million; its shares were traded at around $24.91 with a P/E ratio of 22 and P/S ratio of 0.6. December 7th the company raised its quarterly dividend to $0.12/share. The dividend is payable January 18, 2011, to stockholders of record on January 4, 2011. The yield based on the new payout is 2.1%.

Lawson Products, Inc. announced results for the third quarter of 2010. Quarterly operating income of $8.6 million, an increase from $3.6 million in the prior year quarter.

Lawson Products Inc. is owned by Arnold Van Den Berg.

CapLease Inc. (LSE)

CapLease, Inc. is a real estate investment trust, or REIT, that invests primarily in single tenant commercial real estate assets subject to long-term leases to high credit quality tenants. Caplease Inc. has a market cap of $333.3 million; its shares were traded at around $5.83 with a P/E ratio of 8 and P/S ratio of 1.9. December 8th the company raised its quarterly dividend 8% to $0.065/share. The dividend is payable on January 18, 2011 to stockholders of record as of December 31, 2010. The ex-dividend date is December 29, 2010. The yield based on the new payout is 4.2%.

CapLease, Inc. announced its results for the third quarter ended September 30, 2010. Net loss to common stockholders was $(2.8) million, and funds from operations, or FFO, was $9.3 million. The company reported revenues of $41.4 Million

CapLease Inc. is owned by HOTCHKIS & WILEY owns 2,224,800 shares as of 09/30/2010, which accounts for 0.08% of the $14.81 billion portfolio of HOTCHKIS & WILEY Capital Management LLC.


Rating: 2.8/5 (5 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