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Guru Stocks Raising Dividends: MDU, CFFI, NKE, UNP

November 20, 2011 | About:
gurujk

gurujk

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This is the group of companies that raised their dividends during the week: MDU Resources Group Inc., C&F Financial Corp. Nike Inc. Cl B, and Union Pacific Corp.

MDU Resources Group Inc. (MDU)

MDU Resources Group, Inc. provides value-added natural resource products and related services that are essential to energy and transportation infrastructure, including regulated businesses, an exploration and production company and construction companies. MDU Resources Group Inc. has a market cap of $3.9 billion; its shares were traded at around $20.64 with a P/E ratio of 17.2 and P/S ratio of 1. On November 17, the company increased its quarterly dividend 3.1% to $0.1675 per share. The dividend is payable on Jan. 1, 2012, to stockholders of record Dec. 8, 2011. The yield based on the new payout is 3.3%.

MDU Resources Group Inc. reported third quarter consolidated earnings of $63.8 million, or 34 cents per common share, compared with $60.8 million, or 32 cents per common share for the third quarter of 2010. James Barrow owns shares of MDU stock. Vice President Renewable Resources William R. Connors bought shares of MDU stock.

C&F Financial Corp. (CFFI)

C&F Financial Corporation operates retail bank branches located throughout the Williamsburg to Richmond corridor in Virginia through its Citizens and Farmers Bank subsidiary and its division, Citizens and Commerce Bank. C&F Financial Corp. has a market cap of $65.77 million; its shares were traded at around $21 with a P/E ratio of 6.25 and P/S ratio of 0.66. On November 17, the company increased its quarterly dividend 4% to $0.26 cents per share. The dividend is payable Jan. 1, 2012 to shareholders of record on Dec. 15, 2011. The yield based on the new payout is 4.9%.

C&F Financial Corporation reported net income of $3.51 million for the third quarter of 2011, compared with$2.59 million for the third quarter of 2010. Director Barry R. Chernack bought shares of CFFI stock. President of major subsidiary Bryan Edwin Mckernon sold shares of CFFI stock.

Nike Inc. Cl B (NKE)

Nike Inc.'s principal business activity involves the design, development and worldwide marketing of high quality footwear, apparel, equipment, and accessory products. Nike Inc. Cl B has a market cap of $43.01 billion; its shares were traded at around $92.75 with a P/E ratio of 20.08 and P/S ratio of 2.06. On November 17, the company increased its quarterly dividend 16% to $0.36 per share. The dividend is payable on Jan. 3, 2012 to shareholders of record at the close of business on Dec. 5, 2011. The yield based on the new payout is 1.6%.

John Hussman, Ken Heebner, and Mario Gabelli own shares of NKE. President and CEO Mark G. Parker, Vice President and CFO Donald W. Blair, and Vice President Trevor A. Edwards sold shares of NKE stock.

Union Pacific Corp. (UNP)

Union Pacific Corp. consists of one reportable segment, rail transportation, and the company's other product lines. Union Pacific Corp. has a market cap of $49.8 billion; its shares were traded at around $102.04 with a P/E ratio of 16.22 and P/S ratio of 2.94. On November 17, the company increased its quarterly dividend 26% to $0.60 per share. The dividend is payable Jan. 2, 2012, to stockholders of record on Nov. 30, 2011. The yield based on the new payout is 2.4%.

Union Pacific Corporation reported 2011 third quarter net income of $904 million, or $1.85 per diluted share, compared to $778 million, or $1.56 per diluted share, in the third quarter 2010. Third quarter business volumes, as measured by total revenue carloads, grew 1% versus 2010. Quarterly operating revenue increased 16% in the third quarter 2011 to a record $5.1 billion versus $4.4 billion in the third quarter 2010.

Mario Gabelli, Kenneth Fisher, and Richard Aster Jr own shares of UNP stock. Director Thomas J. Donohue, Director Steven R. Rogel, and Director Archie W. Dunham sold shares of UNP stock.

Rating: 3.2/5 (10 votes)

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