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Guru Stocks Raising Dividends: WRLS, MRK, AE, LNC, ABC

November 13, 2011 | About:
gurujk

gurujk

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This is the group of companies who raised their dividend during the week: Telular Corp., Merck & Co. Inc., Adams Resources & Energy Inc., Lincoln National Corp, and Amerisourcebergen Corp.

Telular Corp. (WRLS)

Telular Corporation is a leader in the design and manufacturing of wireless products. Telular Corp. has a market cap of $97.41 million; its shares were traded at around $6.45 with a P/E ratio of 24.81 and P/S ratio of 1.93. On November 10th the company increased its quarterly dividend 10% to $0.11 per share. The dividend is payable November 29, 2011, to shareholders of record as of the close of business on Nov. 22, 2011. The yield based on the new payout is 7.3%. Telular Corporation announced financial results for the fourth quarter and fiscal year ended September 30, 2011. Telular reported fourth quarter 2011 revenue of $13.1 million and fiscal year 2011 revenue of $50.5 million. Net income before non-cash items was $2.8 million for the fourth quarter and $9.6 million for the full year, a 38% and 51% year-over-year increase, respectively, and above guidance of $9.5 million for the full year.

Whitney Tilson owns shares of WRLS stock.

Merck & Co. Inc. (MRK)

Merck & Co. Inc. is a global research-driven pharmaceutical company dedicated to putting patients first. Merck & Co. Inc. has a market cap of $110.82 billion; its shares were traded at around $35.97 with a P/E ratio of 9.75 and P/S ratio of 2.41. On November 10, company increased its quarterly dividend 10.5% to $0.42 per share. The dividend is payable on Jan. 9, 2012, to stockholders of record on Dec. 15, 2011, with an ex-dividend date of Dec. 13, 2011. The yield based on the new payout is 4.8%. Merck announced financial results for the third quarter of 2011. Worldwide sales were $12.0 billion for the third quarter of 2011, an increase of 8% compared with the third quarter of 2010.

Joel Greenblatt, Robert Bruce, and Mark Hillman own shares of MRK stock. President & CEO Kenneth C. Frazier and Executive Vice President and CFO Peter N. Kellogg bought shares of MRK stock. Executive Vice President and President Animal Health Raul E. Kohan sold shares of MRK stock.

Adams Resources & Energy Inc. (AE)

Adams Resources & Energy Inc. and its subsidiaries are engaged in the business of oil and gas exploration and production, crude oil marketing, petroleum products marketing and tank truck transportation of petroleum products and liquid chemicals. Adams Resources & Energy Inc. has a market cap of $99.21 million; its shares were traded at around $23.52 with a P/E ratio of 4.82 and P/S ratio of 0.04. On November 10, the company increased its quarterly dividend 6% to $0.57 per share. The dividend is payable on Dec. 15, 2011 to shareholders of record as of Dec. 1, 2011. The yield based on the new payout is 2.4%.

Adams Resources & Energy Inc. announced third quarter 2011 net earnings of $9,026,000 or $2.14 per common share. Revenues for the quarter totaled $801,690,000.

Lincoln National Corp (LNC)

Lincoln National Corp. is a holding company. Through subsidiary companies, the company operates multiple insurance and investment management businesses. Lincoln National Corp has a market cap of $6.23 billion; its shares were traded at around $20.22 with a P/E ratio of 5.07 and P/S ratio of 0.6. On November 10, the company increased its quarterly dividend 60% to $0.08 per share. The dividend is payable on Feb. 1, 2012 to shareholders of record at the close of business on Jan. 10, 2012. The yield based on the new payout is 1.6%. Lincoln Financial Group reported net income for the third quarter of 2011 of $143 million, or $0.44 per diluted share available to common stockholders, compared to net income in the third quarter of 2010 of $246 million, or $0.75 per diluted share available to common stockholders.

David Dreman, Leon Cooperman, and Arnold Schneider own shares of LNC stock.

AmerisourceBergen Corp. (ABC)

AmerisourceBergen Corporation is one of the world's largest pharmaceutical services companies serving the United States, Canada and selected global markets. AmerisourceBergen Corp. has a market cap of $10.68 billion; its shares were traded at around $39.67 with a P/E ratio of 15.56 and P/S ratio of 0.13. On November 10, the company increased its quarterly dividend 13% to $0.13 per share. The dividend is payable Dec. 5, 2011, to stockholders of record at the close of business on Nov. 21, 2011. The yield based on the new payout is 1.3%.

David Williams, John Keeley, and Joel Greenblatt own shares of ABC stock. Director Richard C. Gozon, Director Edward E. Hagenlocker, and Senior Vice President John G. Chou sold shares of ABC stock.

Rating: 2.6/5 (5 votes)

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