Guru Stocks Raising Dividends: OHI, DOW, FUL, DEP, UTX

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Apr 18, 2011
This is the group of companies who raised their dividend during the week: Omega Healthcare Investors Inc., Dow Chemical Company, H.B. Fuller Company, Duncan Energy Partners L.p., and United Technologies Corp.


Omega Healthcare Investors Inc. (OHI, Financial)


OMEGA HEALTHCARE INVESTORS is a self-administered real estate investment trust which invests in income- producing health care facilities, principally long-term care facilities, with the objective of profitable growth and further diversification of the investment portfolio. Omega Healthcare Investors Inc. has a market cap of $2.39 billion; its shares were traded at around $23.91 with a P/E ratio of 14.4 and P/S ratio of 9.3. On April 14th the company increased its quarterly dividend 2.7% to $0.38/share. The dividend is payable May 16, 2011 to common stockholders of record on April 29, 2011. The yield based on the new payout is 6.4%.


Omega Healthcare Investors, Inc. announced its results of operations for the quarter and fiscal year ended December 31, 2010. For the three-month period ended December 31, 2010, the Company reported net income of $5.0 million and net income available to common stockholders of $2.7 million, or $0.03 per diluted common share on operating revenues of $71.1 million. This compares to net income of $16.2 million and net income available to common stockholders of $14.0 million, or $0.16 per diluted common share on operating revenues of $49.4 million, for the same period in 2009.


David Dreman and George Soros bought shares of OHI stock.


Senior Vice President R Lee Crabill and Director Edward Lowenthal sold OHI stock.


Dow Chemical Company (DOW, Financial)


Dow Chemical Company is a science and technology company that provides innovative chemical, plastic and agricultural products and services to many essential consumer markets. Dow Chemical Company has a market cap of $44.33 billion; its shares were traded at around $37.78 with a P/E ratio of 19.1 and P/S ratio of 0.8. On April 14th the company increased its quarterly dividend 67% to $0.25/share. The dividend will be payable on July 29, 2011 to shareholders of record on June 30, 2011. Dow has paid its shareholders cash dividends every quarter since 1912. The yield based on the new payout is 2.7%.


The Dow Chemical Company announced its results for the quarter and fiscal year ended December 31, 2010. Sales were $53.7 billion, up 26 percent versus the prior year, with sequential sales gains throughout the year.


H.B. Fuller Company (FUL, Financial)


H.B. Fuller Company is a worldwide manufacturer and marketer of adhesives, sealants, coatings, paints and other specialty chemical products. H.b. Fuller Company has a market cap of $1.05 billion; its shares were traded at around $21.43 with a P/E ratio of 14.3 and P/S ratio of 0.8. On April 14th the company increased its quarterly dividend 7% to $0.075/share. The dividend is payable on May 12, 2011, to shareholders of record at the close of business on April 28, 2010. The yield based on the new payout is 1.4%. H.B. Fuller Company reported financial results for the first quarter that ended February 26, 2011. Net income for the first quarter of 2011 was $14.4 million, or $0.29 per diluted share, versus $19.0 million, or $0.38 per diluted share, in last year's first quarter. Net income for the first quarter of 2011 was $14.4 million, or $0.29 per diluted share, versus $19.0 million, or $0.38 per diluted share, in last year's first quarter.


President and CEO James Owens sold shares of FUL stock.


Duncan Energy Partners L.p. (DEP, Financial)


DUNCAN ENERGY PARTNERS L.P. is a publicly traded energy partnership that provides midstream energy services, including gathering, transportation, marketing and storage of natural gas, in addition to transportation and storage of natural gas liquids and petrochemicals. Duncan Energy Partners L.p. has a market cap of $2.34 billion; its shares were traded at around $40.44 with a P/E ratio of 24 and P/S ratio of 2.1. On April 14th the company increased its quarterly dividend 2.2% to $0.4475/unit. The distribution is payable May 6, 2011, to unitholders of record at the close of business on Friday, April 29, 2011. The yield based on the new payout is 4.7%. Duncan Energy Partners L.P. announced its financial and operating results for the three months and year ended December 31, 2010. Net income attributable to Duncan Energy Partners for the fourth quarter of 2010 was a record $25 million, or $0.43 per common unit on a fully diluted basis, compared to $23.2 million, or $0.40 per common unit on a fully diluted basis, for the fourth quarter of 2009.


United Technologies Corp. (UTX, Financial)


United Technologies Corporation provides a broad range of high technology products and services to the building systems and aerospace industries. United Technologies Corp. has a market cap of $76.87 billion; its shares were traded at around $83.45 with a P/E ratio of 16.6 and P/S ratio of 1.4. On April 13th the company increased its quarterly dividend 12.9% to $0.48/share. The dividend is payable June 10 to shareowners of record at the close of business May 20. The ex-dividend date is May 18. The yield based on the new payout is 2.3%.


Chairman & CEO Louis Chenevert, SVP, Human Resources and Org. J Thomas Jr Bowler, and President, Sikorsky Aircraft Jeffrey P Pino sold shares of UTX stock.