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Guru Stocks Raising Dividends: UGI, CFR, JNJ, ACI, AWR

May 01, 2011 | About:
gurujk

gurujk

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This is the group of companies who raised their dividend during the week: UGI Corporation, Cullen/Frost Bankers, Inc., Johnson & Johnson, Arch Coal, Inc., American States Water Company

UGI Corp. (UGI)

UGI Corporation is a holding company that operates propanedistribution, gas and electric utility, energy marketing and related businesses through subsidiaries. Ugi Corp. has a market cap of $3.7 billion; its shares were traded at around $33.3 with a P/E ratio of 14.1 and P/S ratio of 0.6. On April 28th the company increased its quarterly dividend 4% to $0.26/share. The dividend is payable July 1, 2011 to shareholders of record as of June 15, 2011. The yield based on the new payout is 3.1%.

UGI Corporation reported net income attributable to UGI of $113.1 million, or $1.01 per diluted share, for the first quarter of fiscal 2011 ended December 31, 2010, compared to $98.4 million, or $0.90 per diluted share, for the first quarter of fiscal 2010.

George Soros and Mario Gabelli bought shares of UGI stock.

President & CEO of AmeriGas Eugene V N Bissell, CFO Robert C Flexon, and Vice President - Finance & CFO Peter Kelly sold shares of UGI stock.

Cullen/frost Bankers Inc. (CFR)

Cullen/Frost Bankers Inc. is a financial holding company. Cullen/frost Bankers Inc. has a market cap of $3.63 billion; its shares were traded at around $59.24 with a P/E ratio of 17.2 and P/S ratio of 4.1. On April 26th the company increased its quarterly dividend 2.2% to $.46/share. The dividend is payable June 15, 2011 to shareholders of record on June 1 of this year. The yield based on the new payout is 3.1%.

Cullen/Frost Bankers, Inc. released results for the first quarter. Cullen/Frost net income for the first quarter of 2011 increased 8.6 percent to $51.9 million, or $.85 per diluted common share, compared to first quarter 2010 earnings of $47.8 million, or $.79 per diluted common share. Cullen/Frost net income for the first quarter of 2011 increased 8.6 percent to $51.9 million, or $.85 per diluted common share, compared to first quarter 2010 earnings of $47.8 million, or $.79 per diluted common share.

Richard Aster Jr owns shares of CFR stock.

Chairman, CEO and President Richard W Jr Evans, Director Ida Clement Steen, and Director Royce S Caldwell sold shares of CFR stock.

Johnson & Johnson (JNJ)

Johnson & Johnson is engaged in the manufacture and sale of a broad range of products in the health care field in many countries of the world. Johnson & Johnson has a market cap of $180.09 billion; its shares were traded at around $65.72 with a P/E ratio of 13.7 and P/S ratio of 2.9. On The dividend is payable on June 14, 2011 to shareholders of record as of May 31, 2011. The yield based on the new payout is 3.5%.

Johnson & Johnson today announced sales of $16.2 billion for the first quarter of 2011, an increase of 3.5% as compared to the first quarter of 2010. Operational results increased 1.8% and the positive impact of currency was 1.7%. Domestic sales declined 0.6%, while international sales increased 7.3%, reflecting operational growth of 4.1% and a positive currency impact of 3.2%. Net earnings and diluted earnings per share for the first quarter of 2011 were $3.5 billion and $1.25, respectively.

Joel Greenblatt, HOTCHKIS & WILEY, and Brian Rogers own shares of JNJ stock.

Director William D Perez bought shares of JNJ stock.

Member, Executive Committee Sherilyn S Mccoy and Director James Cullen sold shares of JNJ stock.

Arch Coal Inc. (ACI)

ASHLAND COAL, INC. is engaged in the mining, processing and marketing of low-sulfur bituminous coal. Arch Coal Inc. has a market cap of $5.58 billion; its shares were traded at around $34.3 with a P/E ratio of 30.1 and P/S ratio of 1.7. On April 28th the company increased its quarterly dividend 10% to $0.11/share. The dividend is payable June 15, 2011 to shareholders of record on June 1, 2011. The yield based on the new payout is 1.2%.

Arch Coal, Inc. reported first quarter 2011 net income of $55.6 million, or $0.34 per diluted share, versus a net loss in the prior-year quarter.

Jean-Marie Eveillard, David Dremanm, and Arnold Schneider own shares of ACI stock.

Director Peter I Wold, VP & Chief Acctg Officer John W Lorson, and VP & Chief Acctg Officer John W Lorson sold shares of ACI stock.

American States Water Co. (AWR)

American States is a public utility company engaged principally in thepurchase, production, distribution and sale of water. American States Water Co. has a market cap of $651.3 million; its shares were traded at around $34.91 with a P/E ratio of 18.3 and P/S ratio of 1.6. On April 27th the company increased its quarterly dividend 7.7 % to $0.28/share. This action marks the 300th consecutive dividend payment by the Company. For more than 56 consecutive years, American States Water Company shareholders have received an increase in their aggregate annual dividend. The yield based on the new payout is 3.2%.

American States Water Company reported basic and fully diluted earnings of $0.48 per common share for the fourth quarter ended December 31, 2010 as compared to basic and fully diluted earnings of $0.18 per common share for the fourth quarter ended December 31, 2009. Operating revenues increased by $19.5 million to $103.7 million for the fourth quarter of 2010, compared to $84.2 million recorded in the fourth quarter of 2009, an increase of 23.1%.

Mario Gabelli owns shares of AWR stock.

VICE PRESIDENT Roland S Tanner and Vice President Granville R Jr Hodges sold shares of AWR stock.


Rating: 3.0/5 (2 votes)

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