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Guru Stocks Raising Dividends: MDT, HIFS, O, EDR, DUK

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gurujk

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This is the group of companies who raised their dividend during the week: Medtronic Inc. (MDT), Hingham Institution for Savings (HIFS), Realty Income Corp. (O), Education Realty Trust Inc. and Duke Energy Corp.

Medtronic Inc. (MDT)

Medtronic is the world's medical technology company, pioneeringdevice-based therapies that restore health, extend life and alleviate pain. Medtronic Inc. has a market cap of $40.88 billion; its shares were traded at around $38.4 with a P/E ratio of 11.2 and P/S ratio of 2.6. On June 23rd the company increased its quarterly dividend 8% to $0.2425 per share. Medtronic's dividend has more than doubled over the past five years, and today's announcement marks the company's 34th consecutive year of increased dividend payments. The dividend is payable on July 29, 2011, to shareholders of record at the close of business on July 8, 2011. The dividend is payable on July 29, 2011, to shareholders of record at the close of business on July 8, 2011. The yield based on the new payout is 2.5%.

Vision-Sciences Inc. announced financial results for its fourth quarter and full year fiscal 2011, ended March 31, 2011. For fiscal 2011, net sales were $10.9 million, an increase of $0.1 million, or 1%, from fiscal 2010, primarily due to higher sales of our urology product line of $1.5 million. Operating loss in the fourth quarter of fiscal 2011 was $3.6 million compared to $3.9 million in the fourth quarter of fiscal 2010, a decrease of $0.3 million.

Kenneth Fisher, James Barrow, and Richard Snow own shares of MDT stock.

Director Jack W. Schuler bought shares of MDT stock.

Hingham Institution for Savings (HIFS)

Hingham Institution for Savings is a Massachusetts-chartered savings bank which operates three banking facilities in Hingham and Hull, Mass. Hingham Institution for Savings has a market cap of $109.6 million; its shares were traded at around $52.51 with a P/E ratio of 10.2 and P/S ratio of 2.3. On June 23rd the company increased its quarterly dividend 4.2% to $0.25 per share. The dividend will be paid on July 21, 2011 to stockholders of record as of July 11, 2011. This represents a 4.2% increase over the previous quarterly dividend. The yield based on the new payout is 1.9%.

Realty Income Corp. (O)

Realty Income Corp. is a fully integrated, self-administered and self-managed real estate company with in-house acquisition, leasing, legal, financial underwriting, porfolio management and capital markets expertise. On June 21 the company increased its quarterly dividend 0.2% to $0.144875 per share. The dividend is payable on July 15, 2011 to shareholders of record as of July 1, 2011. This is the 55th consecutive quarterly increase and the 62nd dividend increase since Realty Income went public in 1994. The yield based on the new payout is 5.2%.

Realty Income Corporation announced operating results for the fourth quarter and year ended Dec. 31, 2010. Revenue increased 13.4% to $92.2 million as compared to $81.3 million. Net income available to common stockholders per share was $0.28.

CEO Thomas A. Lewis, Non-Executive Chairman Donald R. Cameron, and SVP Research Robert Israel sold shares of O stock.

Education Realty Trust Inc. (EDR)

Education Realty Trust owns, manages and develops student housing communities located near university campuses throughout the United States. On June 23 the company increased its quarterly dividend 40% to $0.07 per share of common stock for the quarter ending June 30, 2011. The dividend is payable August 16, 2011, to shareholders of record as of July 29, 2011. The yield based on the new payout is 3.4%.

Duke Energy Corp. (DUK)

Duke Energy Corporation is an integrated energy and energy services provider with the ability to offer physical delivery and management of both electricity and natural gas throughout the US. Duke Energy Corp. has a market cap of $24.04 billion; its shares were traded at around $18.51 with a P/E ratio of 12.5 and P/S ratio of 1.7. On June 21 the company increased its quarterly dividend 2.0% to $0.25 per share. The dividend is payable on Sept. 16, 2011, to shareholders of record at the close of business Aug. 12, 2011. This is the 85th consecutive year that Duke Energy has paid a quarterly cash dividend on its common stock. The yield based on the new payout is 5.3%.

Duke Energy announced first quarter 2011 adjusted diluted EPS of $0.39, compared to $0.36 cents for first quarter 2010, and reported diluted EPS of $0.38, compared to $0.34 for the same period last year. USFE&G reported first-quarter 2011 segment EBIT from ontinuing operations of $712 million, compared with $744 million in the first quarter of 2010.

James Barrow, Brian Rogers, and Mario Gabelli own shares of DUK stock.

Group Exec., HR and Corp. Relations Jennifer L. Weber, Group Exec., Chief Legal Officer & Corp. Secretary Marc E. Manly, and Group Exec., Chief General Officer & Chief Nuc. Officer Dhiaa M. Jamil sold shares of DUK stock.

Rating: 3.6/5 (5 votes)

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