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Guru Stocks Raising Dividends: CVS, WSFL, CXS, T, ANDE

December 25, 2011 | About:
gurujk

gurujk

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This is the group of companies who raised their dividend during the week: CVS Caremark, Woodstock Holdings Inc., Crexus Investment Corp., AT&T, The Andersons Inc.

CVS Caremark (CVS)

CVS/Caremark is the nation’s premier integrated pharmacy services provider, combining one of the nation’s pharmaceutigal services companies with the country’s largest pharmacy chain. CVS Caremark has a market cap of $53.35 billion; it’s shares were traded at around $40.99 with a P/E ratio of 15 and P/S ratio of 0.5. On December 20 the company increased its quarterly dividend 30% to $0.1625 per share. The dividend is payable on Feb. 2, 2012, to stockholders of record on Jan. 23, 2012. The yield based on the new payout is 1.6%.

CVS Caremark Corporation announced revenues and net income for the three months ended Sept. 30, 2011. Net revenues for the three months ended Sept. 30, 2011 increased $3.0 billion to $26.7 billion, up from $23.7 billion during the three months ended Sept. 30, 2010. Income from continuing operations attributable to CVS Caremark for the three months ended Sept. 30, 2011, increased $52 million to $868 million, compared with $816 million during the three months ended Sept. 30, 2010.

John Paulson, Warren Buffet, and Edward Owens own shares of CVS stock.

Executive Vice President and CFO David M. Denton, Director Jean Pierre Millon, and Senior Vice President and CIO Stuart M. Mcguigan sold shares of CVS stock.

Woodstock Holdings Inc. (WSFL)

Woodstock Holdings Inc., formerly known as Woodstock Financial Group Inc., increased its quarterly dividend on December 19 from 33% to $0.08 per share. The dividend is payable on Jan. 13, 2012 to common stockholders of record on Dec. 30, 2011. The yield based on the new payout is 2.4%.

Total operating income for the quarter ended Sept. 30, 2011 increased by $514,280, or approximately 19%, to $3,284,932, from $2,770,652 for the comparable period in 2010. Commission revenue for the quarter ended Sept. 30, 2011 increased by $397,242, or approximately 16%, to $2,833,552 from $2,436,310 for the comparable period in 2010. This increase was principally derived from an addition of an OSJ branch office from late in the third quarter in 2010, along with a slight increase in transactional business for the quarter compared to the previous years.

Interest income for the quarter ended Sept. 30, 2011 increased by $5,745, or approximately 7%, to $87,322 from $81,577 for the comparable period in 2010.

Crexus Investment Corp. (CXS)

Crexus Investment Corp has a market cap of $821.4 million; its shares were traded at around $10.72 with a P/E ratio of 9 and P/S ratio of 53. On December 19, the company increased its quarterly dividend 16.7% to $0.35 per share. This dividend is payable Jan. 26, 2012 to common shareholders of record on Dec. 29, 2011. The ex-dividend date is Dec. 27, 2011. The yield based on the new payout is 13.3%.

On Nov. 7, 2011, CreXus Investment Corp. reported GAAP net income for the quarter ended Sept. 30, 2011 of $39.9 million or $0.52 per average share, as compared to $3.2 million or $0.18 per average share for the quarter ended September 30, 2010 and $22.1 million or $0.29 per average share for the quarter ended June 30, 2011.

Jean-Marie Eviellard and Daniel Loeb own shares of CXS stock.

CEO Kevin Riordan, CFO and Secretary Daniel Wickey bought shares of CXS stock.

AT&T (T)

AT&T is a premier communications holding company. AT&T has a market cap of $177.01 billion; its shares were traded at around $29.87 with a P/E ratio of 12.9 and P/S ratio of 1.4. On December 16, the company increased its quarterly dividend 2.3% to $0.44 per share. The dividend is payable on Feb. 1, 2012 to common stockholders of record on Jan. 10, 2012. The yield based on the new payout is 6.1%.

For the quarter ended Sept. 30, 2011, AT&T's consolidated revenues totaled $31.5 billion, down $103 million, or 0.3 percent, versus the year-earlier quarter. Third-quarter 2011 net income attributable to AT&T totaled $3.6 billion, or $0.61 per diluted share.

Bruce Berkonowitz, James Barrow, and John Hussman own shares of AT&T stock.

The Andersons Inc. (ANDE)

The Andersons Inc. us a diversified company operation in three segments. Andersons Inc. has a market cap of $838 million: its shares were traded at around $45.3 with a P/E ratio of 8.5 and P/S ratio of 0.2. On December 16, the company increased its quarterly dividend 36% to $0.15 per share. The dividend is payable Jan. 24, 2012, to shareholders of record on Jan. 3, 2012. The yield based on the new payout is 1.4%.

The Andersons announced third quarter net income attributable to the company of $10.9 million, or $0.59 per diluted share, on revenues of $939 million. In the third quarter of 2010, the company reported results of $1.4 million, or $0.08 per diluted share, on revenues of $707 million.

Rating: 2.3/5 (17 votes)

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