Guru Stocks Raising Dividends: JBL, MATW, B, WSO, MPR
Jabil Circuit Inc. (JBL)
Jabil Circuit Inc. is a worldwide independent provider of electronic manufacturing services. Jabil Circuit Inc. has a market cap of $4.35 billion; its shares were traded at around $19.92 with a P/E ratio of 9.9 and P/S ratio of 0.3. On October 20, the company increased its quarterly dividend 14% to $0.08 per share. The dividend is payable on Dec. 1, 2011, to stockholders of record on Nov. 15, 2011, with an ex-dividend date of Nov. 11, 2011. The yield based on the new payout is 1.7%.
Jabil Circuit, Inc. reported its preliminary, unaudited financial results for the fourth quarter and full fiscal 2011, ended Aug. 31, 2011, announcing fiscal year revenue growth of 23%, operating income growth of 77% and earnings growth of 126%.
Joel Greenblatt, Leon Cooperman, and David Dreman own shares of JBLstock.
Executive Vice President, CEO, Manufacturing Services Group William D. Muir Jr., President and CEO Timothy L. Main, and President & CEO Timothy L. Main sold shares of JBL stock.
Matthews International Corp. (MATW)
Matthews International Corporation is a designer, manufacturer and marketer principally of memorialization products & brand solutions. Matthews International Corp. has a market cap of $1.02 billion; its shares were traded at around $34.9 with a P/E ratio of 14.6 and P/S ratio of 1.3. On October 20th the company increased its quarterly dividend 12.5% to $0.09 per share. The dividend is payable November 14, 2011 to stockholders of record October 31, 2011. The yield based on the new payout is 1.1%.
Matthews reported net income of $21,875,000 for the fiscal 2011 third quarter, compared to $20,411,000 for the same quarter last year. Sales for the quarter ended June 30, 2011 increased 8.5% to $231,511,000, compared to $213,329,000 for the third fiscal quarter last year.
Mario Gabelli and John Rogers own shares of MATW stock.
President and CEO Joseph C. Bartolacci and CFO, Secretary and Treasurer Steven F. Nicola sold shares of MATW stock.
Barnes Group Inc. (B)
Barnes Group Inc. is an international manufacturer of precision metal parts and distributor of industrial supplies, serving a wide range of markets and customers. Barnes Group Inc. has a market cap of $1.26 billion; its shares were traded at around $22.56 with a P/E ratio of 18.5 and P/S ratio of 1.1. On October 20, the company increased its quarterly dividend 25% to $0.10 per share. The dividend will be payable Dec. 9, 2011 to shareholders of record at the close of business on Nov. 30, 2011. The yield based on the new payout is 1.9%.
Barnes Group Inc. reported financial results for the second quarter 2011. Net sales grew 16% to $328.0 million, up from $281.9 million in the second quarter of 2010. Excluding the favorable impact of foreign exchange, net sales were up 12%. Net income for the second quarter grew 51% to $22.3 million, or $0.40 per diluted share, from $14.8 million, or $0.26 per diluted share, a year earlier.
Richard Snow, David Dreman, and Mario Gabelli own.
President & CEO Gregory F. Milzcik, President & CEO Gregory F. Milzcik, and Vice President Controller Marian Acker sold shares of B stock.
Watsco Inc. (WSO)
Watsco Inc. is one of the largest distributor of air conditioning and heating equipment and related parts and supplies in the United States. Watsco Inc. has a market cap of $1.89 billion; its shares were traded at around $57.41 with a P/E ratio of 22.3 and P/S ratio of 0.7. On October 20th the company increased it quarterly dividend 9% to $0.62 per share. The increase will be reflected in the Company’s next regular dividend payment in January 2012. The yield based on the new payout is 4.4%.
Tom Gayner, Richard Aster Jr., and Joel Greenblatt own shares of WSO stock.
Met-Pro Corp. (MPR)
Met-Pro Corporation manufactures and sells product recovery and pollution control equipment for purification of air and liquids, fluid handling equipment for corrosive, abrasive and high temperature liquids. Met-Pro Corp. has a market cap of $128.4 million; its shares were traded at around $8.76 with a P/E ratio of 20.3 and P/S ratio of 1.4. On October 19, the company increased its quarterly dividend 8% to $0.071 per share. The dividend is payable on Dec. 16, 2011 to shareholders of record at the close of business on Dec. 2, 2011. The yield based on the new payout is 3.3%.
Met-Pro Corporation announced the company's financial results for the second quarter ended July 31, 2011. Net sales for the second quarter ended July 31, 2011 were $23.1 million, an increase of 8% compared with net sales of $21.4 million for the same quarter last year. Net income for the second quarter ended July 31, 2011 totaled $1.5 million or per diluted share of $0.10, compared with net income of $1.6 million or per diluted share of $0.11 for the same period last year.
Mario Gabelli owns shares of MPR stock.