10-year

10-Year Anniversary Promotion (20% off)

Join GuruFocus Premium Membership Now for Only $279/Year

Once a decade discount

Save up to $500 on Global Membership.

Don't Miss It !

Free 7-day Trial
All Articles and Columns »

Guru Stocks Raising Dividends: BSET, ALB, CMRE, PAYX, PAA

October 16, 2011 | About:
gurujk

gurujk

5 followers
This is the group of companies who raised their dividend during the week: Bassett Furniture Industries Inc., Albemarle Corp., Costamare, Paychex Inc., and Plains All American Pipeline L.p.

Bassett Furniture Industries Inc. (BSET)

Bassett Furniture Industries Inc. is a manufacturer and marketer of high quality, mid-priced home furnishings. Bassett Furniture Industries Inc. has a market cap of $89.17 million; its shares were traded at around $7.72 with a P/E ratio of 14.04 and P/S ratio of 0.38. On October 13, the company increased its quarterly dividend 16.7% to $0.035 per share.The dividend is payable on Dec. 1, 2011, to shareholders of record at he close of business Nov. 15, 2011. The yield based on the new payout is 1.8%.

Bassett Furniture Industries Inc. announced its results of operations for its fiscal quarter ended Aug. 27, 2011. Consolidated sales for the quarter ended Aug. 27, 2011 were $59.4 million as compared to $58.5 million for the quarter ended Aug. 28, 2010, an increase of 1.5%. The company reported net income of $0.4 million, or $0.04 diluted earnings per share, for the quarter ended Aug. 27, 2011, as compared to a net loss of $2.4 million, or $0.21 diluted loss per share, for the quarter ended Aug. 28, 2010.

Donald Smith owns shares of BSET stock.

Pres & CEO Robert H. Spilman Jr. and Chairman of the Board Paul Fulton bought shares of BSET stock on 07/14/2011 at the average price of $8.15.

Senior Vice President, Wood John E. Bassett III sold shares of BSET stock.

Albemarle Corp. (ALB)

Albemarle Corporation is a major producer of fine and performance chemicals including polymer intermediates, cleaning product intermediates and additives, agricultural chemical intermediates, pharmaceutical intermediates, catalysts, brominated flame retardants, bromine chemicals and potassium and chlorine chemicals. Albemarle Corp. has a market cap of $4.46 billion; its shares were traded at around $48.63 with a P/E ratio of 11.26 and P/S ratio of 1.89. On October 13th the company increased its quarterly dividend 6% to $0.175 per share. The dividend is payable January 1, 2012 to shareholders of record at the close of business as of December 15, 2011. The yield based on the new payout is 1.5%.

Albemarle Corporation reported second quarter 2011 earnings of $114.2 million, or $1.23 per share, compared to second quarter 2010 earnings of $81.8 million, or 89 cents per share. The company reported net sales of $742.1 million in the second quarter of 2011 compared to net sales of $592.5 million in the second quarter of 2010.

Mario Gabelli owns shares of ALB stock.

VP Catalysts John J. Nicols and VP, CAO and Corp Controller William B. Allen Jr. bought shares of ALB stock.

Director Richard L. Morrill, VP, CAO and Corp Controller William B. Allen Jr., and Director John Sherman Jr. sold of ALB stock.

Costamare (CMRE)

Costamare Inc. operates as a containership owner chartering its vessels to liner companies. Costamare has a market cap of $745.31 million; its shares were traded at around $12.36 with a P/E ratio of 8.58 and P/S ratio of 2.11. The dividend yield of Costamare stocks is 8.09%. On Oct. 11, the company increased its quarterly dividend 85 to $0.27 per share. The dividend is payable on Nov. 7, 2011 to stockholders of record at the close of trading on Oct. 21, 2011. The yield based on the new payout is 8.9%.

Costamare Inc. reported unaudited financial results for the second quarter and six months ended June 30, 2011. These included voyage revenues of $94.3 million and $180.3 million for the three and the six months ended June 30, 2011, respectively, as well as a net income of $26.2 million or $0.43 per share and $44.1 million or $0.73 per share for the three and the six months ended June 30, 2011, respectively.

Paychex Inc. (PAYX)

Paychex Inc. is a national provider of payroll, human resource, and employee benefit outsourcing solutions for small-to medium-sized businesses. Paychex Inc. has a market cap of $10.32 billion; its shares were traded at around $28.5 with a P/E ratio of 19.39 and P/S ratio of 4.95. On October 11, the company increased its quarterly dividend 3.2% to $0.32 per share. The dividend is payable Nov. 15, 2011 to shareholders of record Nov. 1, 2011. The yield based on the new payout is 4.6%.

Paychex Inc. announced total revenue of $563.1 million for the first quarter ended Aug. 31, 2011 the, an increase of 9% from $518.3 million for the same period last year. Net income increased 13% to $148.9 million and diluted earnings per share increased 14% to $0.41 per share.

Joel Greenblatt bought 8,000 shares in the quarter that ended on 06/30/2011, which is 0.0344% of the $715 million portfolio of Gotham Capital.

Arnold Van Den Berg, Richard Aster Jr., and Tom Gayner own shares of PAYX stock.

CEO & President Martin Mucci, Director Joseph Doody, and PFO John M. Morphy sold shares of PAYX stock.

Plains All American Pipeline L.P. (PAA)

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 $9.17 billion; its shares were traded at around $61.41 with a P/E ratio of 15.99 and P/S ratio of 0.35. On October 11, the company increased its quarterly distribution 1.3% to $0.995 per unit. This is the partnerships its 28th increase in the past 30 quarters. The yield based on the new payout is 6.5%.

John Keeley owns shares of PAA stock.

Director John T. Raymond bought shares of PAA stock.

10% Owner Paul G. Allen, President of subsidiary-PMC W David Duckett, and Vice President & Corp. Sec. Tim Moore sold shares of PAA stock.

Rating: 3.0/5 (8 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK