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Guru Stocks Raising Dividends: ADM, JCOM, LECO, KIM, NRF

November 06, 2011 | About:
gurujk

gurujk

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This is the group of companies who raised their dividend during the week:

Archer Daniels Midland Co. (ADM)

Archer Daniels Midland Company is a world leader in agricultural processing and fermentation technology. Archer Daniels Midland Co has a market cap of $19.4 billion; its shares were traded at around $29.05 with a P/E ratio of 9.4 and P/S ratio of 0.2. On November 3, the company increased its quarterly dividend 9.4% to $0.175 per share. The dividend is payable Dec. 8, 2011, to stockholders of record Nov. 17, 2011. The yield based on the new payout is 2.4%.

Archer Daniels Midland Company reported financial results for the quarter ended Sept. 30, 2011. The company reported net earnings for the quarter of $460 million, or $0.68 per share, up 33% and 26%, respectively, from the same period one year earlier.

Senior Vice President Ray G. Young, Executive Vice President and COO Juan R. Luciano, and Director Pierre Dufour bought shares of ADM stock.

J2 Global Communications Inc. (JCOM)

J2 Global Communications, Inc. provides enhanced value-added messaging and communications services. J2 Global Communications Inc has a market cap of $1.36 billion; its shares were traded at around $29.49 with a P/E ratio of 13.6 and P/S ratio of 5.4. On November 3rd the company increased its quarterly dividend 2.5% to $0.205 per share. The dividend us payable on Nov. 28, 2011 to all shareholders of record as of the close of business on Nov. 14, 2011. The yield based on the new payout is 2.8%.

J2 Global Communications, Inc. reported financial results for the third quarter ended Sept. 30, 2011 and announced that its board of directors has declared an increase of its quarterly cash dividend to $0.205 per share. GAAP revenues increased 37.0% to $86.0 million compared to $62.8 million in third quarter 2010.

CEO Nehemia Zucker, CFO Kathleen Griggs, and Director Michael Schulhof sold shares of JCOM stock.

Lincoln Electric Holdings Inc. (LECO)

Lincoln Electric Holdings Inc. is a full-line manufacturer of welding and cutting products and integral horsepower industrial electric motors. Lincoln Electric Holdings Inc. has a market cap of $3.15 billion; its shares were traded at around $37.37 with a P/E ratio of 16.3 and P/S ratio of 1.5. On November 3, the company increased its quarterly dividend 9.7% to $0.17 per share. The dividend is payable Jan. 13, 2012, to holders of record as of Dec. 31, 2011. The yield based on the new payout is 1.8%.

Lincoln Electric Holdings Inc. reported third quarter 2011 net income of $55.5 million, or $0.66 per diluted share. Sales were $701.6 million in the third quarter 2011 versus $519.3 million in the comparable 2010 period, an increase of 35.1%. Operating income for the third quarter increased $26.6 million to $74.8 million, or 10.7% of sales, from $48.2 million, or 9.3% of sales, in the comparable 2010 period.

Kenneth Fisher, Richard Aster Jr., and Mario Gabelli owns shares of LECO stock.

Chairman, President and CEO John M. Stropki bought shares of LECO stock.

Director G. Russell Lincoln sold shares of LECO stock.

Kimco Realty Corp. (KIM)

Kimco Realty Corp. together with its subsidiaries, is a self-administered real estate investment trust and is one of the nation's largest owners and operators of neighborhood and community shopping centers. Kimco Realty Corp. has a market cap of $7.05 billion; its shares were traded at around $17.32 with a P/E ratio of 14.8 and P/S ratio of 8.3. On November 2, the company increased its quarterly dividend 5.6% to $0.19 per share. The dividend is payable on Jan. 17, 2012 to shareholders of record on Jan. 4, 2012, representing an ex-dividend date of Dec. 30, 2011. The yield based on the new payout is 4.4%.

Kimco Realty Corporation reported results for the quarter ended Sept. 30, 2011. Net income available to common shareholders for the third quarter 2011 was $40.1 million, or $0.10 per diluted share, compared to $17.5 million, or $0.04 per diluted share, for the third quarter 2010.

Richard Aster Jr. owns shares of Kim stock.

NorthStar Realty Finance Corp. (NRF)

NorthStar Realty Finance Corp. is an internally-managed REIT that makes fixed income, structured finance and net lease investments in commercial real estate assets. NorthStar Realty Finance Corp. has a market cap of $412.7 million; its shares were traded at around $4.3 with and P/S ratio of 0.9. On November 2, the company increased its quarterly dividend 25% to $0.125 per share. The dividend is payable on Nov. 18, 2011, to shareholders of record as of the close of business on Nov. 14, 2011. The yield based on the new payout is 11.7%.

NorthStar Realty Finance Corp. announced its results for the quarter ended Sept. 30, 2011. Net loss to common stockholders for the third quarter 2011 was $24.6 million, or $0.26 per diluted share, compared to net loss of $(44.1 million, or $1.87 per diluted share for the third quarter 2010. Third quarter 2011 net loss includes $43.5 million of unrealized losses relating to non-cash fair value adjustments, compared to $169.4 million of unrealized losses for the third quarter 2010. These non-cash fair value gains and losses are excluded from AFFO. Realized gains totaled $13.7 million for the third quarter 2011, compared with $26.8 million for the third quarter 2010.

Arnold Schneider own shares of NRF stock.

CFO Debra Ann Hess and Director C. Preston Butcher bought shares of NRF stock.

Rating: 3.6/5 (7 votes)

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