Guru Stocks Raising Dividends: KNL, DTE, UNP, RELV, HWCC
Knoll Inc. (KNL)
Knoll Inc., a designer and manufacturer of branded office furniture products and textiles, serves clients worldwide. Knoll Inc. has a market cap of $928.2 million; its shares were traded at around $19.41 with a P/E ratio of 23.7 and P/S ratio of 1.1. May 5th the company increased its quarterly dividend 67% to $0.10 per share. The dividend is payable June 30, 2011 to all shareholders of record on June 15, 2011. The yield based on the new payout is 2.1%.
Knoll Inc. announced results for the first quarter ended March 31, 2011. Net sales were $220.9 million for the quarter, an increase of 26.0% from first quarter of 2010. Operating profit for the quarter was $20.9 million, compared with $9.4 million in the first quarter of 2010. John Rogers owns shares of Knoll stock.
CEO Andrew B Cogan, Executive V.P. & CFO Barry L Mccabe, and Exec.V.P.-Sales & Distribution Arthur C Graves sold shares of KNL stock.
Dte Energy Company (DTE)
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Dte Energy Company has a market cap of $8.67 billion; its shares were traded at around $51.16 with a P/E ratio of 15.3 and P/S ratio of 1. The dividend is payable July 15, 2011, to shareholders of record at the close of business June 20, 2011. The yield based on the new payout is 4.6%.
Southwestern Energy Company announced its financial and operating results for the first quarter of 2011. For the first quarter of 2011, Southwestern reported net income of $136.6 million, or $0.39 per diluted share, compared to net income of $171.8 million, or $0.49 per diluted share, for the prior year period. Operating income from the company’s E&P segment was $178.3 million for the three months ended March 31, 2011, compared to $250.4 million for the same period in 2010.
Kenneth Fisher, John Hussman, and Mario Gabelli own DTE stock.
President and CEO Gerard M Anderson, EVP/CFO David E Meador, and Sr. VP/Corp Affairs & Comm. Paul Christie Hillegonds sold shares of DTE stock.
Union Pacific Corp. (UNP)
Union Pacific Corp. consists of one reportable segment, rail transportation, and the company's other product lines. Union Pacific Corp. has a market cap of $50.21 billion; its shares were traded at around $102.34 with a P/E ratio of 17.6 and P/S ratio of 2.9. The dividend is payable July 1, 2011, to stockholders of record on May 31, 2011. The yield based on the new payout is 1.9%.
Union Pacific Corporation reported 2011 first quarter net income of $639 million, or $1.29 per diluted share, compared to $516 million, or $1.01 per diluted share, in the first quarter 2010.
Steve Mandel, Kenneth Fisher, and PRIMECAP Management own shares of UNP stock.
EVP MKTG & SALES John J Koraleski, SVP HR & SEC UPC & RR Barbara W Schaefer, and SVP LAW & GEN COUNSEL J Michael Hemmer sold shares of UNP stock.
Reliv International Inc. (RELV)
Reliv International Inc. produces a line of food products including nutritional supplements, weight management products, functional foods, a line of granola bars and a sports drink mix. Reliv International Inc. has a market cap of $24.8 million; its shares were traded at around $1.9901 with a P/E ratio of 14.2 and P/S ratio of 0.3. The dividend is payable to all holders of record as of May 16, 2011, to be paid on or about May 26, 2011. The yield based on the new payout is 3.1%.
Reliv International Inc. reported its financial results for the first quarter of 2011. Net sales for the quarter were $21.7 million, a 4.6 percent decrease from the first quarter last year. Net income for the quarter was $609,800, down 18.3 percent from net income for the first quarter of 2010. Earnings per diluted share were $0.05 compared to $0.06 per diluted share for last year's first quarter.
CEO, Pres., 10% Owner Robert L Montgomery sold shares of RELV stock.
Houston Wire & Cable Company (HWCC)
With more than three decades of experience in the electrical industry, HOUSTON WIRE & CABLE COMPANY is one of the largest distributors of specialty wire and cable and related services in the U. Houston Wire & Cable Company has a market cap of $285.6 million; its shares were traded at around $16.09 with a P/E ratio of 32.8 and P/S ratio of 1. The dividend is payable on May 27, 2011 to shareholders of record of Common Stock at the close of business on May 13, 2011. The yield based on the new payout is 2.1%.
Houston Wire & Cable Company announced record operating results for the first quarter of 2011. Revenues from the businesses acquired in June 2010 of $17.4 million and our 34.5% organic growth combined for a 63.0% increase in sales in the first quarter of 2011 compared to the prior year period. The $99.7 million in sales was the highest quarterly level ever attained by the Company.