GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Guru Stocks Raising Dividends: JJSF, CHDN, GG, GGG, AET

December 12, 2011 | About:
gurujk

gurujk

5 followers
This is the group of companies who raised their dividend during the week: J & J Snack Foods Corp., Churchill Downs Inc., Goldcorp Inc., Graco Inc. and Aetna Inc.

J & J Snack Foods Corp. (JJSF)

J & J Snack Foods Corp. manufactures nutritional snack foods which it markets nationally to the food service and retail supermarket industries. J & J Snack Foods Corp. has a market cap of $966.69 million; its shares were traded at around $54.04 with a P/E ratio of 20.01 and P/S ratio of 1.3. On December 5th the company increased its quarterly dividend 10.6% to $0.13 per share. The dividend is payable on Jan. 5, 2012 to shareholders of record as of the close of business on Dec. 15, 2011. The yield based on the new payout is 1.0%.

Snack Foods Corp announced record sales and earnings for its third quarter ended June 25, 2011. Sales for the third quarter increased 9% to $206.3 million from $189.7 million in last year's third quarter. Net earnings increased 47% to $23.3 million from $15.9 million last year. Earnings per diluted share were $1.24 for the June quarter compared to $0.85 last year. Operating income increased 4% to $27.1 million this year from $26.1 million in the year ago period.

Mario Gabelli owns shares of JJSF stock.

President and CEO, 10% Owner Gerald B. Shreiber and Senior Vice President Gerard Garfield Law sold shares of JJSF stock.

Churchill Downs Inc. (CHDN)

Churchill Downs Inc. is a racing company that primarily conducts pari-mutuel wagering on live Thoroughbred, Standardbred and Quarter Horse horse racing and simulcast signals of races. Churchill Downs Inc. has a market cap of $848.74 million; its shares were traded at around $49.22 with a P/E ratio of 16.14 and P/S ratio of 1.45. On December 5, the company increased its annual dividend 20% to $0.60 per share. The dividend is payable Jan. 23, 2012, to shareholders of record on Dec. 30, 2011. The yield based on the new payout is 1.2%.

Mario Gabelli owns shares of CHDN stock.

Director James F. Mcdonald bought shares of CHDN stock.

Director Michael Brodsky, Executive Vice President Technology Initiatives Rohit Thukral, and Director Darrell R. Wells sold shares of CHDN stock.

Goldcorp Inc. (GG)

Goldcorp is a North American-based gold producer engaged in exploration, extraction, and processing of gold. Goldcorp Inc. has a market cap of $41.61 billion; its shares were traded at around $50.32 with a P/E ratio of 24.59 and P/S ratio of 10.95. On December 5, the company increased its monthly dividend 32% to $0.045 per share. This is the third increase in the company's dividend in the last 13 months. The dividend is payable to shareholders of record as of Dec. 16, 2011. The yield based on the new payout is 1.1%.

Goldcorp Inc. reported operating cash flows before working capital changes1 of $717 million for the second quarter of 2011 based on gold production of 597,100 ounces at a total cash cost2 of $185 per ounce. Adjusted net earnings from continuing operations3 in the quarter increased to $420 million, or $0.52 per share, compared to $199 million, or $0.27 per share, in the second quarter of 2010.

Mario Gabelli, Kenneth Fisher, and John Hussman own shares of GG stock.

Graco Inc. (GGG)

Graco Inc. supplies technology and expertise for the management of fluids in both industrial and commercial settings. Graco Inc. has a market cap of $2.55 billion; its shares were traded at around $42.33 with a P/E ratio of 18.88 and P/S ratio of 3.42. Ron Baron owns 1,000,000 shares as of 09/30/2011, which accounts for 0.2377% of the $14.37 billion portfolio of Baron Funds. Mario Gabelli owns 234,450 shares as of 09/30/2011, which accounts for 0.0731% of the $10.95 billion portfolio of GAMCO Investors. On December 2, the company increased its quarterly dividend 7.1% to $0.225 cents per share. The dividend is payable on Feb. 1, 2012, to shareholders of record at the close of business on Jan. 17, 2012. The yield based on the new payout is 2.1%.

Director Lee R. Mitau, Vice President and Controller Caroline M. Chambers, and vice president Charles L. Rescorla sold shares of GGG stock.

Aetna Inc. (AET)

Aetna Inc. is one of the nation's largest health benefits companies and one of the nation's largest insurance and financial services organizations. Aetna Inc. has a market cap of $14.86 billion; its shares were traded at around $40.91 with a P/E ratio of 8.53 and P/S ratio of 0.43. John Hussman bought 500,000 shares in the quarter that ended on 09/30/2011, which is 0.2889% of the $6.29 billion portfolio of Hussman Econometrics Advisors. Joel Greenblatt bought 6,514 shares in the quarter that ended on 09/30/2011, which is 0.0386% of the $614 million portfolio of Gotham Capital. On December 2, the company increased its quarterly dividend 1.7% to $0.175 per share. The dividend is payable on Jan. 27, 2012, to shareholders of record at the close of business on January 13, 2012. The yield based on the new payout is 1.7%.

Aetna announced third-quarter 2011 operating earnings of $528.4 million, or $1.40 per share, a per share increase of 40 percent over 2010. Revenues were $7.8 billion for both the third quarter of 2011 and the third quarter of 2010. Total revenue for the third quarter of 2011, which includes net realized capital gains, was $7.8 billion compared with $7.9 billion for the third quarter of 2010.

Ray Dalio, Edward Owens, and David Dreman own shares of AET stock.

Director Fernando Aguirre, Director Molly Joel Coye, and Senior Vice President and General Counsel William James Casazza sold shares of AET stock.

Rating: 2.7/5 (9 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK