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GuruStocks Raising Dividends: GEL, POPE, PAA, GAIN, WAG

July 17, 2011 | About:
gurujk

gurujk

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Weekly Raised Dividends: Genesis Energy L.P. (GEL), Pope Resources (POPE), Plains All American Pipeline L.P. (PAA), Gladstone Investment Corporation (GAIN) and Walgreens Co. (WAG).

Genesis Energy L.P. (GEL)

Genesis Energy L.P. (GEL) operates in the midstream segment of the oil and gas industry in the Gulf Coast. July 13, the company increased its quarterly distribution 10.7% to $0.415 per unit. The distribution is payable on Aug. 12, 2011, to unitholders of record at the close of business on Aug. 5, 2011. The yield based on the new payout is 6.1%.

Genesis Energy L.P. operates crude oil common carrier pipelines and is an independent gatherer and marketer of crude oil in North America, with operations concentrated in Texas, Louisiana, Alabama, Florida, Mississippi and New Mexico. Genesis Energy L.P. has a market cap of $1.68 billion; its shares were traded at around $26.05 with a P/E ratio of 31.7 and P/S ratio of 0.8. The dividend yield of Genesis Energy L.P. stocks is 6.2%. Genesis Energy L.P. had an annual average earnings growth of 4.5% over the past 10 years.

On July 13, the company increased its quarterly distribution 10.7% to $0.415 per unit. The distribution is payable on Aug. 12, 2011, to unitholders of record at the close of business on Aug. 5, 2011. The yield based on the new payout is 6.1%.

Genesis Energy L.P. is in the portfolio of Mario Gabelli.

Pope Resources (POPE)

Pope Resources (POPE), a Delaware Limited Partnership, engages in the management of timber resources. July 13, the company increased its distribution 40% to $0.35 per unit. The distribution is effective for unitholders of record on July 29, 2011 and payable on Aug. 15, 2011. The yield based on the new payout is 2.9%.

Pope Resources operates in three primary business segments: Fee Timber, Timberland Management and Consulting, and Real Estate. Pope Resources has a market cap of $209.5 million; its shares were traded at around $47.75 with a P/E ratio of 42 and P/S ratio of 6.7. The dividend yield of Pope Resources stocks is 2.1%.

On July 13, the company increased its distribution 40% to $0.35 per unit. The distribution is effective for unitholders of record on July 29, 2011 and payable on Aug. 15, 2011. The yield based on the new payout is 2.9%.

Pope Resources is in the portfolio of Private Capital.

Plains All American Pipeline L.P. (PAA)



Plains All American Pipeline L.P. (PAA) engages in the transportation, storage, terminalling, and marketing of crude oil, refined products, and liquefied petroleum gas and other natural gas-related petroleum products. July 11, the company increased its quarterly distribution 4.2% to $0.9825 per unit. The distribution will be payable on Aug. 12, 2011, to holders of record of such units at the close of business on Aug. 2, 2011. The yield based on the new payout is 6.1%.

Plains All American Pipeline L.P. is engaged in interstate and intrastate marketing, transportation and terminalling of crude oil. Plains All American Pipeline L.P. has a market cap of $9.49 billion; its shares were traded at around $63.66 with a P/E ratio of 19.4 and P/S ratio of 0.4. The dividend yield of Plains All American Pipeline L.P. stocks is 6%.

On July 11, the company increased its quarterly distribution 4.2% to $0.9825 per unit. The distribution will be payable on Aug. 12, 2011, to holders of record of such units at the close of business on Aug. 2, 2011. The yield based on the new payout is 6.1%.

Plains All American Pipeline L.P. is in the portfolio of John Keeley.

In June, President of subsidiary PMC W. David Duckett and Vice President and Corporate Secretary Tim Moore sold shares of PAA stock.

Gladstone Investment Corp. (GAIN)



Gladstone Investment Corporation (GAIN) specializes in buyouts and recapitalizations. It seeks to make debt and equity investments in small and mid-sized private businesses. July 12, the company increased its monthly dividend 11% to $0.05 per share. The yield based on the new payout is 8.0%.

Gladstone Investment Corporation is an investment company that seeks to make equity-type investments in small and mid-sized private businesses in the US. Gladstone Investment Corp. has a market cap of $163.6 million; its shares were traded at around $7.41 with a P/E ratio of 10.1 and P/S ratio of 6.3. The dividend yield of Gladstone Investment Corp. stocks is 7.3%.

In June, CFO David Hibbert Watson and President David A. R. Dullum bought shares of GAIN stock. Director Paul W. Adelgren, Internal Counsel and Assistant Secretary Michael Licalsi, Director John Reilly, and President David A. R. Dullum bought shares in February.

On July 12, the company increased its monthly dividend 11% to $0.05 per share. The yield based on the new payout is 8.0%.

Walgreens Co. (WAG)

Walgreen Co. (WAG) engages in the operation of a chain of drugstores in the US. July 13, the company increased its quarterly dividend 28.6% to $0.225 per share. he dividend is payable Sept. 12, 2011, to shareholders of record Aug. 19, 2011. The yield based on the new payout is 2.1%.

Walgreens Co. is a national retail pharmacy chain and considered the leader in innovative drugstore retailing. Walgreens Co. has a market cap of $38.39 billion; its shares were traded at around $41.93 with a P/E ratio of 16.4 and P/S ratio of 0.6. The dividend yield of Walgreens Co. stocks is 1.6%. Walgreens Co. had an annual average earnings growth of 11.7% over the past 10 years. GuruFocus rated Walgreen Co. the business predictability rank of 4.5-star.

On July 13, the company increased its quarterly dividend 28.6% to $0.225 per share. The dividend is payable Sept. 12, 2011, to shareholders of record Aug. 19, 2011. The yield based on the new payout is 2.1%.

Walgreens Co. is in the portfolios of Robert Olstein, Kenneth Fisher, Ruane Cunniff, Edward Owens, Tom Gayner, James Barrow, John Rogers, Donald Yacktman, Dodge & Cox, John Hussman, and Mario Gabelli.

In May, President, Pharmacy Services Kermit R Crawford sold shares of WAG stock. Director David Y. Schwartz sold 1,730 shares in April.

Rating: 3.8/5 (9 votes)

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