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Guru Stocks Raising Dividends: T, O, WM, BEN, UBA

January 02, 2011 | About:
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This is the group of companies who raised their dividend recently: AT&T Inc., Realty Income Corp., Waste Management Inc., Franklin Resources Inc., and Urstadt Biddle Properties Inc.

AT&T Inc. (T)

AT&T Inc. is a premier communications holding company. At&t Inc. has a market cap of $172.57 billion; its shares were traded at around $29.2 with a P/E ratio of 12.98 and P/S ratio of 1.4. The company raised its quarterly dividend by 2.40% to 43 cents/share. This marked the 27th consecutive annual dividend increase for this stock. Yield: 5.90%.

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

Realty Income Corp. (O)

REALTY INCOME CORP. is a fully integrated, self-administered and self-managed real estate company with in-house acquisition, leasing, legal, financial underwriting, porfolio management and capital markets expertise. Realty Income Corp. has a market cap of $4.01 billion; its shares were traded at around $34.22 with a P/E ratio of 18.7 and P/S ratio of 12.23. The company raised its quarterly dividend by 0.20% to 14.425 cents/share. This stock has consistently raised dividends for 16 years in a row. Yield: 5.10%.

Realty Income Corporation announced operating results for the third quarter ended September 30, 2010. Revenue, for the quarter ended September 30, 2010, increased 7.0% to $87.2 million as compared to $81.5 million for the same quarter in 2009. Net income available to common stockholders, for the quarter ended September 30, 2010, was $25.6 million as compared to $27.1 million for the same quarter in 2009.

Exec. VP, CFO and Treasurer Paul M Meurer, Director Ronald Merriman, and Executive VP, GC and Secretary Michael R Pfeiffer sold shares of O stock.

Waste Management Inc. (WM)

Waste Management Inc. provides integrated waste management services in North America and internationally. Waste Management Inc. has a market cap of $17.36 billion; its shares were traded at around $36.49 with a P/E ratio of 17.63 and P/S ratio of 1.47. The company raised its quarterly dividend by 8% to 34 cents/share. This marked the eight consecutive annual dividend increase for this dividend stock. Yield: 3.10%.

Waste Management, Inc. announced financial results for its third quarter ended September 30, 2010. Revenue for the third quarter of 2010 was $3.24 billion compared with $3.02 billion for the same 2009 period, an increase of $212 million, or 7.0%. Net income for the quarter was $244 million, or $0.51 per diluted share, compared with $277 million, or $0.56 per diluted share, for the third quarter of 2009.

Waste Management Inc. is owned by Mario Gabelli, Bill Gates, and Richard Aster Jr.

Senior Vice President Brett W Frazier, Senior Vice President Jeff M Harris, and Senior Vice President Puneet Bhasin sold shares of WM stock.

Franklin Resources Inc. (BEN)

Franklin Resources provides investment advisory and related services to retail mutual funds, institutional and private accounts, and other investment products globally. Franklin Resources Inc. has a market cap of $24.32 billion; its shares were traded at around $108.56 with a P/E ratio of 17.18 and P/S ratio of 4.15. The company raised its quarterly dividend by 13.60% to 25 cents/share. This marked the 30th consecutive annual dividend increase for this dividend champion. Yield: 0.90%

Franklin Resources, Inc. announced net income(1) of $1,445.7 million, or $6.33 per share diluted, for the year ended September 30, 2010, as compared to net income(1) of $896.8 million, or $3.85 per share diluted, for the year ended September 30, 2009. Total assets under management by the company's subsidiaries were $644.9 billion at September 30, 2010, as compared to $570.5 billion at June 30, 2010 and $523.4 billion at September 30, 2009.

Franklin Resources Inc. is owned by Mario Gabelli, David Winters, and Kenneth Fisher.

CEO and President Gregory E Johnson, Vice President, Corp Comm Holly E Gibson, and EVP & COO Jennifer J Bolt sold shares of BEN stock.

Urstadt Biddle Properties Inc. (UBA)

Urstadt Biddle Properties is a self-administered equity real estate investment trust that provides investors with an investment vehicle for participating in ownership of income-producing properties. Urstadt Biddle Properties Inc. has a market cap of $518.17 million; its shares were traded at around $19.36 with a P/E ratio of 16.41 and P/S ratio of 6.09. The company raised its quarterly dividend by 1% to 24.50 cents/share. This marked the 17th consecutive annual dividend increase for this dividend achiever. Yield: 5.20%

Urstadt Biddle Properties Inc. announced its fourth quarter and full year financial results for the fiscal year ended October 31, 2010. Net income applicable to Common and Class A Common stockholders for the quarter ended October 31, 2010 amounted to $3,903,000 or $0.13 per diluted Common share and $0.15 per diluted Class A Common share compared with $3,157,000 or $0.11 per diluted Common share and $0.13 per diluted Class A Common share in last year’s fourth quarter.


Rating: 2.5/5 (2 votes)

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