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Guru Stocks Raising Dividends: BBY, NLY, IDT, AWK, PETM

July 03, 2011 | About:

This is the group of companies who raised their dividend during the week: Best Buy Co. Inc., Annaly Capital Management, Idt Corp. Cl B, American Water Works Company, and Petsmart Inc.

Best Buy Co. Inc. (NYSE:BBY)

Best Buy operates in a single business segment, selling personal computers and other home office products, consumer electronics, entertainment software, major appliances and related accessories principally through its retail stores. Best Buy Co. Inc. has a market cap of $12.44 billion; its shares were traded at around $32 with a P/E ratio of 9.2 and P/S ratio of 0.2. On June 21st the company increased its quarterly dividend 7% to $0.16 cents per share. The dividend is payable on October 25, 2011 to shareholders of record as of October 4, 2011. The yield based on the new payout is 2.0%.

David Einhorn, Richard Snow, Bill Nygren own shares of BBY stock.

CEO Brian J Dunn sold shares of BBY stock.

Director Lisa Caputo and Director Khosla Sanjay bought shares of BBY stock.

Annaly Capital Management (NYSE:NLY)

Annaly Capital Management, Inc. owns, manages, and finances a portfolio of real estate related investment securities, including mortgage pass-through certificates, collateralized mortgage obligations (or CMOs) and agency callable debentures. Annaly Capital Management has a market cap of $14.8 billion; its shares were traded at around $18.2 with a P/E ratio of 7.4 and P/S ratio of 5.6. On June 20th the company increased it quarterly dividend 5% to $0.65 per share.This dividend is payable July 28, 2011 to common shareholders of record on June 30, 2011. The ex-dividend date is June 28, 2011. The yield based on the new payout is 13.9%.

Annaly Capital Management, Inc. reported GAAP net income for the quarter ended March 31, 2011 of $699.9 million or $0.92 per average share available to common shareholders as compared to GAAP net income of $281.1 million or $0.50 per average share available to common shareholders for the quarter ended March 31, 2010, and GAAP net income of $1.2 billion or $1.94 per average share available to common shareholders for the quarter ended December 31, 2010.

Third Avenue Management, John Keeley, and Chuck Akre own shares of NLY stock.

Idt Corp. Cl B (NYSE:IDT)

IDT Corporation, through its IDT Telecom subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to retail and wholesale customers worldwide. Idt Corp. Cl B has a market cap of $637.1 million; its shares were traded at around $27.7 with a P/E ratio of 18.4 and P/S ratio of 0.4. On June 20th the company increased its quarterly dividend 4.5% to $0.23 per share. The dividend is payable on July 12, 2011 to shareholders of record of IDT Corporation Class A Common Stock and Class B Common Stock as of the close of business on July 1st. The ex-dividend date will be June 29th. The yield based on the new payout is 3.5%.

Whitney Tilson and Irving Kahn own shares of IDT stock.

American Water Works Company (NYSE:AWK)

AMER WATER is the largest investor-owned U.S. water and wastewater utility company. American Water Works Company has a market cap of $5.28 billion; its shares were traded at around $30.1 with a P/E ratio of 18.8 and P/S ratio of 1.9. On June 17th the company increased its quarterly dividend 4.5% to $0.23 per share. The dividend is payable on September 1, 2011 to all shareholders of record as of August 12, 2011. The yield based on the new payout is 3.1%.

American Water Works Company, Inc. reported results for the first quarter ended March 31, 2010. For the quarter, the company reported operating revenues of $588.1 million, a $37.9 million or 6.9 percent increase over the same period in 2009.Net income in the first quarter was $30.8 million, or $0.18 per basic and diluted common share, compared with a net loss of $413.1 million or $2.58 per basic and diluted common share, in the first quarter of 2009.

John Keeley and Mario Gabelli own shares of AWK stock.

President and CEO Jeffry E Sterba and Director Martha Clark Goss bought shares of AWK stock.

Director George Mackenzie sold shares of AWK stock.

Petsmart Inc. (PETM)

PETSMART, INC. is a operator of superstores specializing in pet food, supplies and services in the United States. Petsmart Inc. has a market cap of $5.26 billion; its shares were traded at around $45.77 with a P/E ratio of 21.1 and P/S ratio of 0.9. On June 17th the company increased its quarterly dividend 12% to $0.14 per share beginning in the second quarter of fiscal 2011. The yield based on the new payout is 1.2%.

PetSmart, Inc. reported earnings of $0.61 per share, up 33% compared to $0.46 per share in the first quarter of 2010. Net income totaled $71 million in the first quarter of 2011, compared to $56 million in the first quarter of 2010. Total sales for the first quarter of 2011 increased 6.8% to $1.5 billion.

Richard Aster Jr, George Soros, and Robert Olstein own shares of PETM stock.

SVP CFO Lawrence Molloy, SVP General Counsel & Sec Emily D Dickinson, and SVP Real Estate & Development Jaye D Perricone sold shares of PETM stock.


Rating: 3.0/5 (4 votes)

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