Guru Stocks Raising Dividends: SWY, WU, TIF, KEY, CPO

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May 23, 2011
Safeway Inc. (SWY, Financial)


Safeway Inc. is a food and drug retailer in North America. Safeway Inc. has a market cap of $9.28 billion; its shares were traded at around $25.2 with a P/E ratio of 15.4 and P/S ratio of 0.2. On May 19, the company increased its quarterly dividend 21% to $0.145 per share. The dividend is payable on July 14, 2011, to stockholders of record at the close of business on June 23, 2011. The yield based on the new payout is 2.3%.


Safeway Inc. filed its quarterly report for the period ended March 26, 2011. Net income attributable to Safeway Inc. was $25.1 million ($0.07 per diluted share) for the first quarter of 2011 compared to $96.0 million ($0.25 per diluted share) in the first quarter of 2010. Net income for the first quarter of 2011 included an $80.2 million tax charge ($0.22 per diluted share) resulting from the previously announced decision to repatriate $1.1 billion from Safeway’s wholly-owned Canadian subsidiary. Daniel Loeb, Richard Snow, and Mario Gabelli own shares of Safeway stock.


Senior Vice President Robert A. Gordon, Senior Vice President Jerry Tidwell, and Executive Vice President Larree M. Renda sold shares of Safeway stock.


The Western Union Company (WU, Financial)


The Western Union Company is a provider of global money-transfer services. The Western Union Company has a market cap of $13.32 billion; its shares were traded at around $20.6 with a P/E ratio of 14.1 and P/S ratio of 2.6. On May 19, the company increased its quarterly dividend 14% to $0.08 per share. The dividend is payable June 30, 2011, to shareholders of record at the close of business on June 17, 2011. The yield based on the new payout is 1.5%.


James Barrow, Tom Gayner, and Ron Baron own shares of Western Union stock.


President and CEO Hikmet Ersek, EVP and CFO Scott Scheirman, and Controller Amintore Schenkel sold shares of Western Union stock.


Tiffany & Co. (TIF, Financial)


Tiffany & Co. operates jewelry and specialty retail stores and manufactures products through its subsidiary corporations. Tiffany & Co. has a market cap of $8.83 billion; its shares were traded at around $69.24 with a P/E ratio of 23.6 and P/S ratio of 2.9. On May 19, the company increased its quarterly dividend 16% to $0.29 per share. The dividend will be paid on July 11, 2011, to stockholders of record on June 20, 2011. The yield based on the new payout is 1.7%.


Tiffany & Co. reported fourth-quarter EPS of $1.41, ahead of the consensus estimate for $1.39 per share. Revenue for the quarter was up 12% year-over-year to $1.1 billion, in line with analysts’ consensus estimate.


Kenneth Fisher, John Rogers, and Mario Gabelli own shares of Tiffany stock.


Chairman and CEO Michael Joseph Kowalski, Executive Vice President and CFO James N. Fernandez, and Senior Vice President Gross Victoria Berger sold shares of Tiffany stock.


KeyCorp (KEY, Financial)


KeyCorp is an integrated multi-line financial services company. KeyCorp has a market cap of $7.99 billion; its shares were traded at around $8.4 with a P/E ratio of 10.7 and P/S ratio of 1.5. On May 19, the company increased it quarterly dividend to $0.03 per share. The dividend is payable June 15, 2011, to shareholders of record on May 31, 2011. The yield based on the new payout is 1.4%.


Michael Price, Richard Pzena, and David Dreman own shares of KeyCorp stock.


Chairman and CEO Beth E. Mooney bought shares of KeyCorp stock.


Corn Products Intl. Inc. (CPO, Financial)


Corn Products International Inc., headquartered in Bedford Park, Ill., is one of the world's corn refiners. Corn Products Intl. Inc. has a market cap of $4.15 billion; its shares were traded at around $54.52 with a P/E ratio of 14 and P/S ratio of 0.9. On May 18, the company increased its quarterly dividend 14% to $0.16 per share. The dividend is payable on July 25, 2011, to stockholders of record at the close of business on June 30, 2011. The yield based on the new payout is 1.2%.


Corn Products International Inc. filed its quarterly report for the period ended March 31, 2011. Net income for the quarter ended March 31, 2011, increased to $153.6 million, or $1.97 per diluted common share, from $43.4 million, or $0.57 per diluted common share, in the first quarter of 2010. First-quarter net sales totaled $1.46 billion, up 56% from first-quarter 2010 net sales of $937 million. George Soros, Kenneth Fisher, and David Drema own shares of Corn Products International stock.


Director Barbara A. Klein and Executive Vice President, Global Ingred James P. Zallie bought shares of Corn Products International stock.