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Guru Stocks Raising Dividends: ANDE, D, T, NWFL, WFSL

January 01, 2011 | About:

This is the group of companies who raised their dividend during the week: Andersons Inc., Dominion Resources Inc., AT&T Inc., Norwood Financial Corp., and Washington Federal Inc.

Andersons Inc. (NASDAQ:ANDE)

The Andersons, Inc. is a diversified company operating in three segments. Andersons Inc. has a market cap of $668.9 million; its shares were traded at around $36.35 with a P/E ratio of 12.2 and P/S ratio of 0.2. On December 17th the company increased its quarterly dividend 22% to $0.11/share. The dividend is payable January 24, 2011, to shareholders of record on January 3, 2011. The ex-dividend date is December 30, 2010. The yield based on the new payout is 1.3%.

The Andersons, Inc. announced third quarter net income attributable to the company of $1.4 million, or $0.08 per diluted share, on revenues of $707 million. In the third quarter of 2009, the company reported similar results of $1.3 million, or $0.07 per diluted share, on revenues of $601 million. For the first nine months of 2010, the company earned $38.8 million, or $2.09 per diluted share, on revenues of $2.2 billion. In the same period of 2009, The Andersons reported results of $22.1 million, or $1.20 per diluted share, on $2.1 billion of revenues.

Chairman, President and CEO Michael J Anderson, VP General Counsel & Secretary Naran Uchur Burchinow, and President, Grain & Ethanol Harold M Reed sold shares of ANDE stock.

Dominion Resources Inc. (NYSE:D)

Dominion Resources is a producer of energy. Dominion has one of the larger British Thermal Unit production capability among integrated utilities in the northeast quadrant of the United States. Dominion Resources Inc. has a market cap of $24.8 billion; its shares were traded at around $42.72 with a P/E ratio of 12.7 and P/S ratio of 1.6. On December 17th the company raised its annualized dividend 7.7% to $1.97/share. The first quarterly dividend of $0.4925/share is payable in March 2011. The yield based on the new payout is 4.6%.

Dominion Resources Inc. is owned by James Barrow, Mario Gabelli, and Dodge & Cox.

Director Robert H Jr Spilman bought shares of D stock.

Director John W Harris sold shares of D stock.

AT&T Inc. (NYSE:T)

AT&T Inc. is a premier communications holding company. At&t Inc. has a market cap of $173.64 billion; its shares were traded at around $29.38 with a P/E ratio of 13 and P/S ratio of 1.4. On December 17th the company increased its quarterly dividend 2.4% to $0.43/share. The dividend is payable on Feb. 1 to shareholders of record on Jan. 7. The ex-dividend date is Jan. 5. The company also announced that it will buyback up to 300 million shares of the stock. T is a Dividend Achiever and has raised its dividend for 27 consecutive years. The yield based on the new payout is 5.88%.

AT&T Inc. is owned by George Soros, Tweedy Browne, and Kenneth Fisher.

Norwood Financial Corp. (NASDAQ:NWFL)

Norwood Financial Corp. has a market cap of $76.7 million; its shares were traded at around $27.7699 with a P/E ratio of 10.5 and P/S ratio of 2.4. On December 20th the company raised its quarterly quarterly dividend 3.6% to $0.29/share. The dividend is payable February 1, 2011 to shareholders of record as of January 14, 2011. The ex-dividend date is January 12, 2011. The yield based on the new payout is 4.3%.

Washington Federal Inc. (WFSL)

Washington Federal, Inc. is a non-diversified unitary savings and loan holding company. On December 20th the company increased its quarterly dividend 20% to $0.06/share. The dividend will be payable on January 14, 2011 to common stockholders of record on December 31, 2010, with an ex-dividend date is December 29, 2010. The yield based on the new payout is 1.6%.

Washington Federal, Inc. announced earnings of $15,963,000 or $.14 per diluted share for the quarter ended September 30, 2010, a 66% increase over the same quarter one year ago when Company reported net income of $9,605,000 or $.11 perdiluted share. Earnings for the fiscal year ended September 30, 2010 totaled $118,653,000 or $1.05 per diluted share, compared to $40,684,000 or $.46 per diluted share for the same period one year ago, a 192% increase.

Washington Federal Inc. is owned by Mario Gabelli and David Dreman.

EVP & CFO Brent J Beardall, Director Anna C Johnson, and EVP Linda S Brower bought shares of WFSL stock.


Rating: 3.5/5 (2 votes)

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