Gurus' Stocks Raising Dividends: YORW, MKC, BDX, CATC, HRL
York Water Company (YORW)
The York Water Company impounds, purifies and distributes water. York Water Company has a market cap of $210.69 million; its shares were traded at around $16.53 with a P/E ratio of 22.96 and P/S ratio of 5.4. On November 22, the company increased its quarterly dividend 2% to $0.1336 per share. The dividend is payable Jan. 17, 2012 to shareholders as of record date Dec. 31, 2011. The yield based on the new payout is 3.2%.
The York Water Company announced the company's financial results for the first nine months and the third quarter of 2011. President Hines reported that the first nine months operating revenues of $30,548,000 increased $1,297,000, and net income of $6,961,000 increased $108,000 compared to the first nine months of 2010.
Mario Gabelli owns shares of YORW stock.
CFO Kathleen M. Miller, Vice President Engineering Mark S. Snyder, and Vice President Operations John H. Strine bought shares of YORW stock.
McCormick & Co. Inc. (MKC)
McCormick & Company, a diversified specialty food company, is a global leader in the manufacture, marketing and distribution of spices, herbs,seasonings, flavorings and other specialty food products to the entire food industry. McCormick & Co. Inc. has a market cap of $6.29 billion; its shares were traded at around $47.44 with a P/E ratio of 16.94 and P/S ratio of 1.89. On November 22, the company increased its quarterly dividend 10.7% to $0.31 per share. The dividend is payable Jan. 13, 2012 to shareholders of record December 30, 2011. This marks the 26th consecutive year that the Company has increased its quarterly dividend. The yield based on the new payout is 2.6%.
McCormick & Company, Incorporated reported significant sales growth, increased operating income and earnings per share of $0.69 for the third quarter of fiscal year 2011.
Brian Rogers and Mario Gabelli own shares of MKC stock.
President North American Mark T. Timbie sold shares of MKC stock.
Becton, Dickinson & Co. (BDX)
Becton, Dickinson and Co. is engaged principally in the manufacture and sale of a broad line of supplies, devices and systems used by health care professionals, medical research institutions and the general public. Becton, Dickinson & Co. has a market cap of $15.46 billion; its shares were traded at around $71.11 with a P/E ratio of 12.63 and P/S ratio of 1.98. On November 22nd the company increased its quarterly dividend 9.8% to $0.45 per share. The dividend is payable on December 30, 2011 to holders of record on December 12, 2011. The yield based on the new payout is 2.5%.
Becton, Dickinson and Co. reported quarterly revenues of $2.051 billion for the fourth fiscal quarter ended Sept. 30, 2011, representing an increase of 9.5 percent from the prior-year period, or 4.0% on a foreign currency-neutral basis. For the full fiscal year ended Sept. 30, 2011, BD reported revenues of $7.829 billion, representing an increase of 6.2% over the prior year. Reported diluted earnings per share from continuing operations for the fourth quarter were $1.36, compared with $1.24 in the prior-year period, representing a 9.7% increase.
John Hussman, David Yacktman, and David Einhorn own shares of BDX stock.
Director Wilard J. Overlock Jr. sold shares of BDX stock.
Cambridge Bancorp (CATC)
Cambridge Bancorp, headquartered in Cambridge, Mass., operates as the holding company for Cambridge Trust Company, offers various banking services primarily. On November 22, the company increased its quarterly dividend 5.7% to 0.37 per share. The dividend is payable Jan. 3, 2012 to shareholders of record as of Dec. 12, 2011. The yield based on the new payout is 4.5%.
On October 18, CATC reported unaudited net income of $3,286,000 for the third quarter compared to $3,176,000 for the same quarter in 2010. Diluted earnings per share (EPS) increased to $0.85 for the third quarter of 2011 versus $0.84 for the same quarter in 2010.
Hormel Foods Corp. (HRL)
Hormel Foods Corporation is a multinational manufacturer and marketer of consumer-branded meat and food products, many of which are among the best known and trusted in the food industry. Hormel Foods Corp. has a market cap of $7.61 billion; its shares were traded at around $28.69 with a P/E ratio of 16.49 and P/S ratio of 0.96. On November 21st the company increased its quarterly dividend 17.6% to $0.15 per share. The dividend is payable Feb. 15, 2012, to stockholders of record at the close of business on Jan. 23, 2012. The yield based on the new payout is 2.1%.
Hormel Foods Corporation reported its performance for the fiscal year 2011 fourth quarter and full year. The company reported fiscal 2011 fourth quarter net earnings of $117.3 million, down 3% from earnings of $121.1 million a year earlier. Sales for the quarter were $2.1 billion, up 2% from the same period in fiscal 2010.
NWQ Managers owns shares of HRL stock.
Vice President Dennis B. Goettsch, Senior Vice President William F. Snyder, Vice President Douglas R. Reetz sold shares of HRL stock.