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Guru Stocks Raising Dividends: RTN, SCS, FITB, BK, MRX

March 27, 2011 | About:
gurujk

gurujk

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This is the group of companies who raised their dividend during the week:

Raytheon Company (RTN)

Raytheon Company is a global technology company. The company providesproducts and services in the areas of defense and commercial electronics,engineering and construction, and business and special mission aircraft. Raytheon Company has a market cap of $18.27 billion; its shares were traded at around $50.8 with a P/E ratio of 9.7 and P/S ratio of 0.7. On March 24th the company increased its quarterly dividend 15% $0.43/share. The dividend is payable on April 28, 2011 to shareholders of record as of the close of business on April 6, 2011. The yield based on the new payout is 3.4%.

Raytheon Company announced fourth quarter 2010 Adjusted EPS of $1.57 per diluted share compared to $1.31 per diluted share in the fourth quarter 2009 Net sales in the fourth quarter 2010 were $6.9 billion compared to $6.7 billion in the fourth quarter 2009. Integrated Defense Systems (IDS) had fourth quarter 2010 net sales of $1,463 million compared to $1,541 million in the fourth quarter 2009.

Joel Greenblatt, James Barrow, and George Soros own shares of RTN stock.

Chairman and CEO William H Swanson, Sr. VP, GC & Secretary Jay B Stephens, and Vice President Richard R Yuse sold shares of RTN stock.

Steelcase Inc. (SCS)

Steelcase Inc. is a designer and manufacturer of products used to create high-performance work environments. Steelcase Inc. has a market cap of $1.43 billion; its shares were traded at around $10.78 with a P/E ratio of 82.8 and P/S ratio of 0.7. on March 24th the company increased its quarterly dividend 50% to $0.06/share. The dividend is payable on or before April 13, 2011 to shareholders of record as of April 1, 2011. The yield based on the new payout is 2.3%.

Steelcase Inc. reported fourth quarter revenue of $622.9 million and net income of $10.4 million, or $0.08 per share. Steelcase reported $551.9 million of revenue and a net loss of $(0.10) per share in the fourth quarter of the prior year.

Richard Aster Jr, John Rogers, and Arnold Van Den Berg own shares of SCS stock.

Fifth Third Bancorp (FITB)

Fifth Third Bancorp is a registered financial holding company and a multi-bank holding company. Fifth Third Bancorp has a market cap of $12.71 billion; its shares were traded at around $13.85 with a P/E ratio of 22.3 and P/S ratio of 1.8. On March 22nd the company increased its quarterly dividend 500% to $0.06/share. The dividend is payable on Thursday, April 21, 2011 to shareholders of record as of Friday, April 1, 2011. The yield based on the new payout is 1.7%.

Andreas Halvorsen, James Barrow, and David Dreman own shares of FITB stock.

Bank Of New York Mellon Corp. (BK)

Bank of New York is a bank holding company and one of the world's larger financial institutions. Bank Of New York Mellon Corp. has a market cap of $36.58 billion; its shares were traded at around $29.45 with a P/E ratio of 12.4 and P/S ratio of 2.6. On March 22nd the company increased its quarterly dividend 44% to $0.13/share. The dividend is payable on May 10, 2011, to holders of record as of the close of business on April 29, 2011. The yield based on the new payout is 1.8%.

The Bank of New York Mellon Corporation reported fourth quarter income from continuing operations applicable to common hareholders of $690 million, or $0.55 per common share, compared with $712 million, or $0.59 per common share, in the fourth quarter of 2009 and $625 million, or $0.51 per common share, in the third quarter of 2010.

Kenneth Fisher, Mason Hawkins, and Mario Gabelli own shares of BK stock.

Medicis Pharmaceutical (MRX)

Medicis is an independent pharmaceutical company focusing exclusively on the treatment of dermatological conditions. Medicis Pharmaceutical has a market cap of $1.9 billion; its shares were traded at around $31.2 with a P/E ratio of 13.8 and P/S ratio of 2.7. On March 22nd the company increased its quarterly dividend 33% to $0.08/share. The dividend is payable on April 29, 2011, to stockholders of record at the close of business on April 1, 2011. The yield based on the new payout is 1.1%.

Medicis announced revenues of approximately $700.0 million for the twelve months ended December 31, 2010, compared to revenues of approximately $571.9 million for the twelve months ended December 31, 2009, which represents an increase of approximately $128.1 million, or approximately 22.4%.

Joel Greenblatt and George Soros own shares of MRX stock.

Director Arthur G Jr Altschul and Director Philip S Schein sold shares of MRX stock.


Rating: 2.0/5 (4 votes)

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