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Guru Stocks Raising Dividends: LNT, CLB, CLMT, EPD, SMP

January 23, 2011 | About:
This is the group of companies who raised their dividend during the week:

Alliant Engy Cp (LNT)

Alliant Energy Corp. is a growing energy-services provider with operations both domestically and internationally. Alliant Engy Cp has a market cap of $4.15 billion; its shares were traded at around $37.42 with a P/E ratio of 14.23 and P/S ratio of 1.21. January 14th the company increased its quarterly dividend 13% to $0.45/share. The dividend is payable on February 15, 2011, to share owners of record on close of business January 31, 2011. The ex-dividend date is January 27, 2011. The yield based on the new payout is 4.6%.

George Soros and John Hussman own shares of LNT stock.

President, CEO, Chairman William D Harvey, PRESIDENT, CEO, CHAIRMAN William D Harvey, and Vice President, CAO, Treasurer Thomas L Hanson sold shares of LNT stock.

Core Labs Nv (CLB)

Based in the Netherlands, Core Laboratories provides geological andenvironmental analysis services and manufactures precise measurementequipment. Core Labs Nv has a market cap of $3.83 billion; its shares were traded at around $85.29 with a P/E ratio of 30.19 and P/S ratio of 5.51. The dividend is payable on Feb. 25 to shareholders of record on Jan. 25. The ex-dividend date is Jan. 21. The yield based on the new payout is 1.2%.

Ron Baron and Richard Aster Jr own shares of CLB stock.

Calumet Speclty (CLMT)

Calumet Specialty Products Partners, L.P. is a independent producer of high-quality, specialty hydrocarbon products in North America. Calumet Speclty has a market cap of $830.14 million; its shares were traded at around $23.53 with a P/E ratio of 27.68 and P/S ratio of 0.45. January 14th the partnership increased its quarterly distribution 2.2% to $0.47/unit. The distribution will be payable on February 14, 2011 to holders of record of such units at the close of business on February 4, 2011. The ex-distribution date is February 2, 2011. The yield based on the new payout is 7.8%.

Calumet Specialty reported net income for the quarter ended September 30, 2010 of $21.2 million compared to $4.0 million for the quarter ended September 30, 2009. Calumet reported net cash provided by operating activities of $87.7 million for the nine months ended September 30, 2010 as compared to $110.6 million for the same period in 2009.

Tom Gayner owns 25,700 shares as of 09/30/2010, which accounts for 0.03% of the $1.67 billion portfolio of Markel Gayner Asset Management Corp.

Director Robert E Funk and Member Group Ferdinand William Grube bought shares of CLMT stock.

Enterprise Prod (EPD)

Enterprise Products Partners L.P. is a integrated provider of processing and transportation services to producers of Natural Gas Liquids (NGLs) and consumers of NGL products. Enterprise Prod has a market cap of $35.83 billion; its shares were traded at around $42.47 with a P/E ratio of 21.78 and P/S ratio of 1.4. January 14th the partnership raised its quarterly distribution 1.3% to $0.59/unit. The distribution will be paid on Monday, February 7, 2011, to unitholders of record as of the close of business on Monday, January 31, 2011. The ex-distribution date is January 27, 2011. EPD is a Dividend Achiever and has raised its dividend for 14 consecutive years. The yield based on the new payout is 5.5%.

Enterprise Products Partners L.P. announced its financial results for the three and nine months ended September 30, 2010. Net income attributable to Enterprise for the third quarter of 2010 was $372 million, or $0.47 per unit on a fully diluted basis, versus $213 million, or $0.36 per unit on a fully diluted basis, for the third quarter of 2009.

Mario Gabelli and John Keeley own shares of EPD stock.

Director, 10% Owner Randa Duncan Williams bought shares of EPD stock.

Standard Motor (SMP)

Standard Motor Products manufactures and distributes replacement parts for motor vehicles. Standard Motor has a market cap of $271.86 million; its shares were traded at around $12 with a P/E ratio of 12.5 and P/S ratio of 0.37. January 18ththe company increased its quarterly dividend 40% to $0.07/share. The dividend is payable on March 1, 2011 to stockholders of record on February 15, 2011. The ex-dividend date is February 11, 2011. The yield based on the new payout is 2.3%.

Standard Motor Products Inc. (SMP) filed Quarterly Report for the period ended 2010-09-30. Consolidated net sales for the three months ended September 30, 2010 were $227.5 million, an increase of $21.9 million, or 10.7%, compared to $205.6 million in the same period of 2009.

Mario Gabelli owns shares of SMP stock.

Director Peter J Sills sold shares of SMP stock.

About the author:

gurujk
Ravi Nagarajan is a private investor and Editor of The Rational Walk website. Ravi focuses on applying value investing techniques to find securities trading well below intrinsic business value. Ravi has over 15 years of experience in the financial markets and started investing on a full time basis in 2009. From 1996 to 2009, Ravi held a number of technical and executive level positions in the commercial software industry. Ravi graduated Summa Cum Laude from Santa Clara University with a degree in finance. Visit his website The Rational Walk

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