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Guru Stocks Raising Dividends: CTS, UBA, UDR, WDR, CHCO

December 18, 2011 | About:
gurujk

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This is the group of companies who raised their dividend during the week: CTS Corp., Urstadt Biddle Properties Inc. Cl A, UDR, Waddell & Reed Financial Inc., and City Holding Company.

CTS Corp. (CTS)

CTS Corporation designs, manufactures, and sells a broad line of electronic components and electronic assemblies, primarily serving the electronic needs of original equipment manufacturers. Cts Corp. has a market cap of $310.96 million; its shares were traded at around $9.06 with a P/E ratio of 14.38 and P/S ratio of 0.56. December 15th the company increased its quarterly dividend 17% to $0.035 per share. The dividend is payable on February 3, 2012 to shareholders of record at the close of business on December 30, 2011. The yield based on the new payout is 1.6%.

CTS Corporation announced second quarter 2011 revenues of $146.9 million, an increase of 6% from revenues of $138.9 million in the same period last year. Net earnings were $4.1 million, or $0.12 per diluted share, in the second quarter 2011 compared to net earnings of $5.9 million, or $0.17 per diluted share, in the second quarter 2010.

Robert Olstein and Mario Gabelli own shares of CTS stock.

Urstadt Biddle Properties Inc. Cl A (UBA)

Urstadt Biddle Properties is a self-administered equity real estate investment trust that provides investors with an investment vehicle for participating in ownership of income-producing properties. Urstadt Biddle Properties Inc. Cl A has a market cap of $505.75 million; its shares were traded at around $17.11 with a P/E ratio of 14.5 and P/S ratio of 5.56. December 15, the company increased its quarterly dividend 1$ to $0.2475 per share. The dividend is payable Jan. 20, 2012 to stockholders of record on January 6, 2012. The yield based on the new payout is 5.7%.

Urstadt Biddle Properties Inc. announced its fourth quarter and full year financial results for the fiscal year ended Oct. 31, 2011. Net income applicable to Common and Class A Common stockholders for the quarter ended Oct. 31, 2011 amounted to $3,785,000 or $0.12 per diluted Common share and $0.14 per diluted Class A Common share compared with $3,903,000 or $0.13 per diluted Common share and $0.15 per diluted Class A Common share in last year’s fourth quarter. For the year ended October 31, 2011 net income applicable to Common and Class A Common stockholders was $18,549,000 or $0.60 per diluted Common share and $0.66 per diluted Class A Common share compared to $14,448,000 or $0.52 per diluted Common share and $0.57 per diluted Class A Common share in fiscal 2010.

Chris Davis owns shares of UBA stock.

UDR (UDR)

United Dominion Realty Trust Inc. is a multi-family real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate properties in targeted U. Udr has a market cap of $5.39 billion; its shares were traded at around $24.59 with a P/E ratio of 20.32 and P/S ratio of 8.52. December 15th the company increased it quarterly dividend 7.5% to $0.2150 per share. The dividend is payable on January 31, 2012 to shareholders of record as of January 11, 2012. The yield based on the new payout is 3.6%.

CEO Thomas W. Toomey, CEO Thomas W. Toomey, and Director Lynne B. Sagalyn sold shares of UDR stock.

Waddell & Reed Financial Inc. (WDR)

Waddell & Reed is the exclusive underwriter and distributor of 41 mutual fund portfolios, including 18 comprising Waddell & Reed Advisors Funds (formerly the United Group of Mutual Funds) and 12 comprising W&R Funds (formerly Waddell & Reed Funds Inc.) Waddell & Reed Financial Inc. has a market cap of $2.08 billion; its shares were traded at around $24.42 with a P/E ratio of 11.57 and P/S ratio of 1.99. December 15, the company increased it quarterly dividend 25% to $0.25 per share. The dividend is payable on February 1, 2012 to stockholders of record as of Jan. 3, 2012. The yield based on the new payout is 4.1%.

Waddell & Reed Financial Inc. reported third quarter net income of $39.8 million, or $0.46 per diluted share, compared to net income of $50.0 million, or $0.58 per diluted share, during the second quarter of 2011 and net income of $40.5 million, or $0.47 per diluted share, during the third quarter of 2010. Sales of $6.4 billion increased 12% compared to the previous quarter and 38% compared to the same period last year.

Ray Dalio bought shares of WDR stock.

Joel Greenblatt, John Keeley, and Kenneth Fisher own shares of WDR stock.

City Holding Company (CHCO)

City Holding Company is a multi-bank holding company that provides diversified financial products and services to consumers and local businesses. City Holding Company has a market cap of $486.25 million; its shares were traded at around $32.83 with a P/E ratio of 12.34 and P/S ratio of 2.85. December 15, the company increased its quarterly dividend 3% to $0.35 per share. The dividend is payable on Jan. 31, 2012. The yield based on the new payout is 4.3%.

City Holding Company announced net income per diluted share for the third quarter of 2011 of $0.76 compared to $0.58 per diluted share in the third quarter of 2010. Net income for the third quarter of 2011 was $11.6 million compared to $9.0 million in the third quarter of 2010. For the third quarter of 2011, the Company achieved a return on assets of 1.71%, a return on tangible equity of 17.8%, a net interest margin of 3.93%, and an efficiency ratio of 53.2%.

President and CEO Charles R. Hageboeck, Director John R. Elliot, and Executive Vice President Retail Banking Craig G. Stilwell bought shares of CHCO stock.

Rating: 3.3/5 (18 votes)

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