Guru Stocks Raising Dividends: WPC, SSI, IRM, CHK

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Jun 20, 2011
This is the group of companies who raised their dividend during the week: W. P. Carey & Co. LLC (WPC, Financial), Stage Stores Inc. (SSI, Financial), Iron Mountain Incorporated (IRM, Financial) and Chesapeake Energy Corporation (CHK, Financial).


W. P. Carey & Co. LLC (WPC)


Founded in 1973, W. P. Carey & Co. LLC has long served as the preeminent provider of sale-leaseback financing to private equity firms and companies around the world. W. P. Carey & Co. LLC has a market cap of $1.46 billion; its shares were traded at around $36.91 with a P/E ratio of 16.7 and P/S ratio of 6.9. The dividend yield of W. P. Carey & Co. LLC stocks is 5.5%. W. P. Carey & Co. LLC had an annual average earnings growth of 0.4% over the past 10 years.


Tom Gayner owns shares of WPC stock.


Director Charles E. Parente and Director Benjamin H. Griswold IV bought shares of WPC stock.


Director Koeller Karsten Von sold shares of WPC stock.


Stage Stores Inc. (SSI)


Stage Stores operates retail stores offering moderately priced, nationally recognized brand name apparel, accessories, cosmetics and footwear for the entire family in small towns and communities located primarily throughout the south central US. Stage Stores Inc. has a market cap of $545.7 million; its shares were traded at around $15.11 with a P/E ratio of 16.1 and P/S ratio of 0.4. The dividend yield of Stage Stores Inc. stocks is 2.1%.


Stage Stores Inc. reported that its total sales for the four-week period ended May 28, 2011, increased 1.1% to $117 million from $116 million in the prior year four-week period ended May 29, 2010. George Soros bought shares of SSI stock.


EVP, HR Ron Lucas, SVP, Finance and Controller Richard E. Stasyszen, and SVP, Finance and Controller Richard E. Stasyszen sold shares of SSI stock.


Iron Mountain Inc.(IRM)


Iron Mountain Inc. is one of the world's largest records and information management services company. Iron Mountain has a market cap of $6.53 billion; its shares were traded at around $32.55 with a P/E ratio of 27.4 and P/S ratio of 2.1. The dividend yield of Iron Mountain stocks is 2.3%. Iron Mountain had an annual average earnings growth of 12.2% over the past 10 years. GuruFocus rated Iron Mountain the business predictability rank of 4-star.


Iron Mountain Incorporated announced its financial results for the first quarter ended March 31, 2007. Total revenues are up 12% to $633 million driven by strong service revenue growth, and the company recorded the 73rd consecutive quarter of increased storage revenues. Operating income is $100 million and net income is up 27% to $35 million or $0.17 per diluted share.


Richard Perry, Chris Davis, and Wallace Weitz owns shares of IRM stock.


CFO Brian P. Mckeon, CFO Brian P. Mckeon, and Director Kent P. Dauten sold shares of IRM stock.


Chesapeake Energy Corp. (CHK)


Chesapeake Energy Corp. is an independent oil and gas company engaged in the development, exploration, acquisition and production of onshore natural gas and oil reserves. Chesapeake Energy Corp. has a market cap of $18.43 billion; its shares were traded at around $28.02 with a P/E ratio of 9.6 and P/S ratio of 2. The dividend yield of Chesapeake Energy Corp. stocks is 1.1%. Chesapeake Energy Corp. had an annual average earnings growth of 9.8% over the past 10 years.


Chesapeake Midstream Partners L.P. announced financial results for the 2011 first quarter. Net income for the quarter totaled $38.8 million, an increase of $3.9 million, or 11%, versus the 2010 first quarter. Revenue for the 2011 first quarter was $123.5 million, an increase of $28.1 million, or 29%, from 2010 first quarter revenue of $95.4 million.


Richard Snow, T. Boone Pickens, and George Soros own shares of CHK stock.


Chairman & CEO Aubrey K. Mcclendon, Exec. Vice President & CFO Domenic J. Dell'osso Jr, and Director V. Burns Hargis bought shares of CHK stock.