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

January 02, 2011 | About:
gurujk

gurujk

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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. (NYSE: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. (NYSE: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. (NYSE: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. (NYSE: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. (NYSE: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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