Guru Stocks Raising Dividends: RPM, EPHC, GLW, NWN, QRE
RPM International Inc. (RPM)
RPM Incorporated manufactures and markets specialty paints, protective coatings and roofing systems, sealants and adhesives, for use in both industrial and consumer applications. RPM International Inc. has a market cap of $2.65 billion; its shares were traded at around $20.22 with a P/E ratio of 13.3 and P/S ratio of 0.78. On October 6, the company increased its quarterly dividend 2.4% to $0.215 per share. The dividend is payable on Oct. 31, 2011, to stockholders of record as of Oct. 17, 2011. This represents the 38th consecutive year of increased cash dividends paid to its stockholders, which places RPM in an elite category of less than half of 1 percent of all 19,000 publicly traded U.S. companies. The yield based on the new payout is 4.2%.
Richard Aster Jr and John Keeley own shares of RPM stock.
Chairman and CEO Frank C. Sullivan, Senior Vice President and CFO Robert L. Matejka, and Vice President and Controller Barry Slifstein sold shares of RPM stock.
Epoch Holding Corp. (EPHC)
Epoch Holding Corp conducts its operations through Epoch Investment Partners Inc. Epoch Holding Corp. has a market cap of $375.03 million; its shares were traded at around $16.06 with a P/E ratio of 19.35 and P/S ratio of 5.31. On October 5th the company increased its quarterly 33% to $0.08 per share. The dividend is payable on Nov. 11, 2011 to shareholders of record as of Oc. 28, 2011. The yield based on the new payout is 2.1%.
Mario Gabelli, John Keeley, and Joel Greenblatt own.
CFO Adam Borak and Senior Adviser J. Philip Clark sold shares of EPHC stock.
Corning Inc. (GLW)
Corning Incorporated creates leading-edge technologies for the fastest-growing markets of the world's economy. Corning Inc. has a market cap of $21.05 billion; its shares were traded at around $13.4 with a P/E ratio of 6.98 and P/S ratio of 3.17. On October 5, the company increased its quarterly dividend 50% to $0.075 per share. The dividend is payable on Dec. 16, 2011 to holders of record Nov. 16, 2011. The yield based on the new payout is 2.4%.
Corning Incorporated announced its results for the second quarter of 2011. Sales were $2 billion, an increase of 4% sequentially and 17% year over year.
Ruane Cunniff, Charles Brandes, Lee Ainslie, and Donald Yacktman own shares of GLW stock.
Chairman, CEO and President Wendell P. Weeks, Retired President, COO and Director Peter F. Volanakis, and Executive Vice President Joseph A. Miller sold shares of GLW stock.
Northwest Natural Gas Co. (NWN)
NW Natural is principally engaged in the distribution of natural gas. Northwest Natural Gas Co. has a market cap of $1.19 billion; its shares were traded at around $44.76 with a P/E ratio of 17.15 and P/S ratio of 1.47. On October 4, the company increased its quarterly dividend 2.3% to $0.445 per share. The dividend is payable Nov. 15, 2011, to shareholders of record on Oct. 31, 2011. The yield based on the new payout is 4.0%.
Northwest Natural Gas Company reported net income for the second quarter of 2011 of $2.2 million or 8 cents per share. Last year, the company reported net income of $6.9 million or 26 cents per share, including after tax income of $0.6 million.
Kenneth Fisher owns 357,872 shares as of 06/30/2011, which accounts for 0.0423% of the $38.22 billion portfolio of Fisher Asset Management, LLC.
President and CEO Gregg S. Kantor bought shares of NWN stock.
Director Mark S. Dodson sold shares of NWN stock.
QR Energy LP(QRE)
QR Energy LP is a limited partnership formed by affiliates of the Fund to own and acquire producing oil and natural gas properties in North America. QR Energy has a market cap of $593.6 million; its shares were traded at around $20.78 with and P/S ratio of 2.34. On October 4, the company increased its quarterly dividend 15% to $0.4750 per share. The dividend is payable on Feb. 10, 2012, to stockholders of record on Jan. 30, 2012, with an ex-dividend date of Jan. 26, 2012. The yield based on the new payout is 9.9%.
QR Energy LP announced its operating and financial results for the three months ended June 30, 2011. Revenue was $31.7 million. Net income was approximately $15.9 million.
Director Donald E. Powell, Vice President and General Counsel Gregory S. Roden, and President and Chief Operating Officer, 10% Owner John H. Campbell Jr bought shares of QRE stock.