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Guru Stocks Raising Dividends: MTSC, GORO, HFC, FPTB, MGEE

August 28, 2011 | About:
gurujk

gurujk

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This is the group of companies who raised their dividend during the week: MTS Systems Corporation, Gold Resource Corporation, HollyFrontier Corporation, First Pactrust Bancorp, Inc., and MGE Energy Inc.

MTS Systems Corp. (MTSC)

MTS Systems Corp. is a global supplier of test systems and industrial position sensors. MTS Systems Corp. has a market cap of $572.5 million; its shares were traded at around $35.14 with a P/E ratio of 12.9 and P/S ratio of 1.6. The dividend yield of MTS Systems Corp. stocks is 2.1%. MTS Systems Corp. had an annual average earnings growth of 5.5% over the past 10 years. On August 25, the company increased its quarterly dividend 25% to $0.25 per share. The dividend is payable on Oct. 3, 2011 to shareholders of record as of the close of business on Sept. 15, 2011. The yield based on the new payout is 2.9%.

MTS Systems Corporation reported fiscal 2011 third quarter financial results. Revenue was $116.8 million, up 38% compared to the prior year, including 38% growth in test, and 35% growth in sensors, driven by higher beginning backlog and strong current-quarter orders. Income from operations totaled $15.6 million, compared to a loss from operations of $1.5 million in the prior year.

John Keeley and Richard Pzena own shares of MTSC.

Gold Resource (GORO)

Gold Resource Corporation is a mining company focused on production and pursuing development of select, high-grade gold and silver projects that feature low operation costs and produce high returns on capital. Gold Resource has a market cap of $1.22 billion; its shares were traded at around $22 with and P/S ratio of 82.9. On August, the company increased its dividend to $0.05 per share and moved to a monthly distribution. The dividend is payable on Sept. 23, 2011, to shareholders of record as of September 12, 2011. The yield based on the new payout is 2.7%.

Director Bill M. Conrad, Vice President of Exploration, Secretary and Treasurer David C Reid, and President Jason D. Reid sold shares of GORO stock.

HollyFrontier (HFC)

HollyFrontier Corporation is engaged in refining petroleum. HollyFrontier has a market cap of $3.94 billion; its shares were traded at around $70.68 with a P/E ratio of 11.6 and P/S ratio of 0.5. The dividend yield of HollyFrontier stocks is 0.8%. HollyFrontier had an annual average earnings growth of 19% over the past 10 years. On August 25, the company increased its quarterly dividend 16.7% to $0.175 per share. The dividend is payable on Oct. 4, 2011, to shareholders of record on Sept. 16, 2011. The yield based on the new payout is 1.1%.

HollyFrontier Corporation reported record quarterly net income attributable to HollyFrontier stockholders of $192.2 million or $3.58 per diluted share for the quarter ended June 30, 2011, compared to $66.2 million or $1.24 per diluted share for the quarter ended June 30, 2010. For the six months ended June 30, 2011, net income attributable to HollyFrontier stockholders totaled $276.9 million or $5.16 per diluted share compared to $38.1 million or $0.71 per diluted share for the six months ended June 30, 2010.

Director Jack P. Reid, President David L. Lamp, and Vice President and Controller Scott C. Surplus sold shares of MFC stock.

First PacTrust Bancorp Inc. (FPTB)

First PacTrust Bancorp Inc. is a bank holding company with headquarters in Chula Vista, Calif. First Pactrust Bancorp Inc. has a market cap of $126.8 million; its shares were traded at around $11.53 with a P/E ratio of 8.6 and P/S ratio of 2.8. The dividend yield of First PacTrust Bancorp Inc. stocks is 3.6%. On August 23rd the company increased its quarterly dividend 4.5% to $0.115 per share. The dividend is payable on Oct. 3, 2011, to shareholders of record as of Sept. 9, 2011. The yield based on the new payout is 3.8%.

First PacTrust Bancorp Inc. announced net income of $1.5 million or $0.16 per share for the quarter ended June 30, 2011 compared to a net loss of $2.7 million or ($0.65) loss per share for the prior year's quarter ended June 30, 2010 and compared to net income of $693 thousand or $0.07 per share for the quarter ended March 31, 2011. Total assets increased by $47.3 million (5.7%) and $20.6 million (2.4%) for the three and six-month periods ended June 30, 2011.

MGE Energy Inc. (MGEE)

MGE Energy is a public utility holding company. Its principal subsidiary, MGE, generates and distributes electricity to more than 128,000 customers in Dane County, Wisconsin (250 square miles) and purchases, transports and distributes natural gas to nearly 123,000 customers in seven south-central and western Wisconsin counties (1,375 square miles). MGE Energy Inc. has a market cap of $952.1 million; its shares were traded at around $42.09 with a P/E ratio of 15.2 and P/S ratio of 1.8. The dividend yield of MGE Energy Inc. stocks is 3.6%. MGE Energy Inc. had an annual average earnings growth of 2.4% over the past 10 years. On August 19, the company increased its quarterly dividend to $0.3826 per share. The dividend is payable Sept. 15, 2011, to shareholders of record Sept. 1, 2011. The yield based on the new payout is 3.6%.

Joel Greenblatt and Mario Gabelli own shares of MGEE stock.

Vice President, CFO, Secretary and Treasurer Jeffrey C. Newman, Director Thomas R. Stolper, and Director James L. Possin bought shares of MGEE stock.

Rating: 2.5/5 (4 votes)

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