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Guru Stocks Raising Dividends: SKT, PNC, RELL, TJX, GOV

jameskuang

jameskuang

1 followers
This is the group of companies who raised their dividend during the week: Tanger Factory Outlet Centers (SKT), Pnc Financial Services Group (PNC), Richardson Electronics Ltd. (RELL), Tjx Companies Inc. (TJX), and Government Properties Income Trust (GOV).

Tanger Factory Outlet Centers (SKT)

Tanger Factory Outlet Centers Inc. is a fully-integrated, self-administered and self-managed real estate investment trust which focuses exclusively on developing, acquiring, owning and operating factory outlet centers. Tanger Factory Outlet Centers has a market cap of $2.06 billion; its shares were traded at around $25.28 with a P/E ratio of 20.4 and P/S ratio of 7.4. On April 7th the company increased its quarterly dividend 3.2% to $0.20/share. The dividend is payable on May 13, 2011 to shareholders of record on April 29, 2011. The yield based on the new payout is 3.2%.

Tanger Factory Outlet Centers Inc. reported its financial results for the quarter and year ended December 31, 2010. Net income available to common shareholders for the three months ended December 31, 2010, was $9.8 million, or $0.12 per share, compared to $10.0 million, or $0.12 per share, for the three months ended December 31, 2009.

Ken Heebner owns shares of Tanger Factory Outlet stock.

President, CEO Steven B. Tanger and Executive VP, CFO, Secretary Frank C Jr Marchisello sold shares of Tanger Factory Outlet stock.

Pnc Financial Services Group (PNC)

The PNC Financial Services Group Inc. is one of the nation's largest diversified financial services organizations, providing regional banking, corporate banking, real estate finance, asset-based lending, wealth management, asset management and global fund services. Pnc Financial Services Group has a market cap of $33.23 billion; its shares were traded at around $63.23 with a P/E ratio of 11.7 and P/S ratio of 2. On April 7th the company increased its quarterly dividend 250% to $0.35/share. The dividend is payable May 5, 2011, to shareholders of record at the close of business on April 18, 2011. The yield based on the new payout is 2.2%.

The PNC Financial Services Group Inc. reported 2010 net income of $3.4 billion, or $5.74 per diluted common share, compared with 2009 net income of $2.4 billion, or $4.36 per diluted common share. Fourth-quarter 2010 net income was $820 million, or $1.50 per diluted common share. Total revenue was $3.9 billion for the fourth quarter of 2010 compared with $3.6 billion for the third quarter of 2010 and $4.9 billion for the fourth quarter of 2009.

Ronald Muhlenkamp, Richard Snow, and Mario Gabelli own shares of PNC stock.

Director Helge H Wehmeier bought shares of PNC stock.

Richardson Electronics Ltd. (RELL)

Richardson Electronics Ltd. is a global provider of Engineered Solutions, serving the RF, Wireless & Power Conversion; Electron Device; Security; and Display Systems markets. Richardson Electronics Ltd. has a market cap of $244.9 million; its shares were traded at around $13.62 with a P/E ratio of 12.4 and P/S ratio of 0.5. On April 6th the company increased its quarterly dividend 150% to $0.05/share. The dividend will be payable on May 20, 2011, to all common stockholders of record on May 6, 2011. The yield based on the new payout is 1.5%.

Richardson Electronics Ltd. reported sales and earnings for its third quarter ended February 26, 2011. Net sales for the third quarter of Fiscal 2011 were $39.7 million, up 18.7% from net sales of $33.4 million during the third quarter of last year. Operating income was $0.8 million, or 2.1% of net sales, during the third quarter of fiscal 2011, compared to an operating loss of $0.3 million during last year’s third quarter. Income from continuing operations during the third quarter of fiscal 2011 was $0.2 million, or $.01 per diluted common share, compared to a loss from continuing operations of $0.7 million during the third quarter of last year. Net income during the third quarter of fiscal 2011 was $8.2 million, or $0.44 per diluted common share, compared to net income of $4.5 million, or $0.26 per diluted common share, for the prior year’s third quarter.

John Keeley own shares of Richardson Electronics stock.

Director Ad Ketelaars, Director Samuel Rubinovitz, and Director Harold L Purkey sold shares of Richardson Electronics stock.

Tjx Companies Inc. (TJX)

TJX Companies Inc. is an off-price retailer of apparel and home fashions in the United States. Tjx Companies Inc. has a market cap of $20.07 billion; its shares were traded at around $50.7 with a P/E ratio of 14.6 and P/S ratio of 0.9. On April 5th the company increased its quarterly dividend 27% to $0.19/share. The dividend is payable June 2, 2011, to shareholders of record on May 12, 2011.

Carol Meyrowitz, Chief Executive Officer of The TJX Companies Inc. stated, “I am pleased to report that our Board of Directors has approved this 27% increase in our quarterly dividend, which reflects our confidence in the business and marks our 15th consecutive year of dividend increases.” The yield based on the new payout is 1.5%.

The TJX Companies Inc. reported February 2011 sales results. Sales for the four-week period ended February 26, 2011, were $1.5 billion, up 3% over the $1.4 billion achieved during the four-week period ended February 27, 2010.

Joel Greenblatt, Robert Olstein, and Chuck Akre own shares of TJX stock.

President and CEOCarol Meyrowitz, SEVP, CFO Jeffrey G. Naylor, and SEVP, CFO Jeffrey G. Naylor sold shares of TJX stock.

Government Properties Income Trust (GOV)

Government Properties Income Trust is a real estate investment trust (REIT). Government Properties Income Trust has a market cap of $1.08 billion; its shares were traded at around $26.72 with a P/E ratio of 15.1 and P/S ratio of 9.3. On April 5, the company increased its quarterly dividend 2.4% to $0.42/share ($1.68 per share per year). This distribution will be paid to Government Properties Income Trust’s common shareholders of record as of the close of trading on April 26, 2011, and distributed on or about May 24, 2011. The yield based on the new payout is 6.2%.

John Keeley owns shares of GOV stock.

Rating: 3.8/5 (5 votes)

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