10-year

10-Year Anniversary Promotion (20% off)

Join GuruFocus Premium Membership Now for Only $279/Year

The largest discount in the last 10 years

Save up to $500 on Global Membership.

Don't Miss It !

Free 7-day Trial
All Articles and Columns »

Guru Stocks Raising Dividends: BLC, TCO, WMT, EXL, WRI

March 05, 2012 | About:
insider

GuruFocus

370 followers
This is the group of companies who raised their dividend during the week: Belo Corp, Taubman Centers, Wal-mart Stores, Excel Trust Inc, and Weingarten Rlty.

Belo Corp (BLC)

BELO CORPORATION is the largest pure-play publicly-traded television station company in the nation. Belo Corp has a market cap of $748.6 million; its shares were traded at around $7.22 with a P/E ratio of 13.88 and P/S ratio of 1.15. On March 1st the company increased its quarterly dividend 60% to $0.08 per share. The dividend is payable on June 1, 2012, to shareholders of record on May 11, 2012 for each outstanding share of Series A common stock and Series B common stock. The yield based on the new payout is 4.4%.

Belo Corp. reported fourth quarter and full year 2011 net earnings per share of $0.29 and $0.55, respectively, compared to $0.38 and $0.83, respectively, for fourth quarter and full year 2010. The Company generated total revenue of $180 million in the fourth quarter of 2011, which was $26 million, or 13 percent, less than the fourth quarter of 2010, cycling against a $30 million decrease in political revenue.

Joel Greenblatt, John Keeley, and Mario Gabelli own shares of BLC stock.

Director Mchenry T Tichenor, Director Dealey D Herndon, and Director Lloyd D Ward sold shares of BLC stock.

Taubman Centers (TCO)

TAUBMAN CENTERS, INC., a real estate investment trust, is the managing general partner of, and owns an interest in, The Taubman Realty Group Limited Partnership (TRG). Taubman Centers has a market cap of $4.04 billion; its shares were traded at around $69.59 with a P/E ratio of 24.68 and P/S ratio of 6.26. On March 1st the company increased its quarterly dividend 2.8% to $0.4625 per share. The dividend is payable March 30, 2012 to shareholders of record on March 15, 2012. The yield based on the new payout is 2.7%.

Ken Heebner owns 770,000 shares as of 12/31/2011, which accounts for 1.1% of the $4.22 billion portfolio of Capital Growth Management LP.

President, CEO, AND Chair BOD Robert S Taubman, President, CEO, AND Chair BOD Robert S Taubman, and COO William S Taubman bought shares of TCO stock.

Wal-mart Stores (WMT)

Wal-Mart Stores, Inc. is the world's largest retailer. Wal-mart Stores has a market cap of $202.09 billion; its shares were traded at around $59.01 with a P/E ratio of 13.17 and P/S ratio of 0.45. On March 1st the company increased its quarterly dividend 9% to $0.3975 per share. The dividend is payable April 4, 2012 to shareholders of record on March 12, 2012. The yield based on the new payout is 2.7%.

Wal-Mart Stores, Inc. reported financial results for the fourth quarter and full year ended Jan. 31, 2012. Net sales for the fourth quarter of fiscal 2012 were $122.3 billion, an increase of 5.8 percent from $115.6 billion in last year’s fourth quarter. Income from continuing operations attributable to Walmart for the quarter was $5.2 billion, up 3.4 percent from $5.0 billion last year. Consolidated net sales for the full fiscal year were $443.9 billion, an increase of 5.9 percent over fiscal year 2011. Income from continuing operations attributable to Walmart was $15.8 billion, a 2.7 percent increase from $15.4 billion last year.

Chris Davis, Joel Greenblatt, and Donald Yacktman own shares of WMT stock.

Vice Chairman Wright Eduardo Castro, EVP and CIO Rollin L. Ford, and Executive Vice President Mary Susan Chambers sold shares of WMT stock.

Excel Trust Inc (EXL)

Excel Trust, Inc. is a vertically integrated, self-administered, self-managed real estate investment trust (REIT) which owns and operates a real estate portfolio of neighborhood and community shopping centers. Excel Trust Inc has a market cap of $350.76 million; its shares were traded at around $11.58 with a P/E ratio of 16.31 and P/S ratio of 6.35. On February 29th the company increased its quarterly dividend 1.6% to $0.1625 per share. The dividend is payable April 16, 2012 to shareholders of record as of March 31, 2012. The yield based on the new payout is 5.4%.

Excel Trust, Inc. announced financial and operating results for the quarter ended December 31, 2011. Net loss attributable to the common stockholders’ for the year was ($2.8) million, and for the fourth quarter was ($600,000) or ($0.15) and ($0.03) per diluted share respectively.

Third Avenue Management owns shares of EXL stock.

Chairman of the Board / CEO Gary B Sabin and President and COO Spencer G Plumb bought shares of EXL stock.

Weingarten Rlty (WRI)

Weingarten Realty Investors is focused on delivering solid returns to shareholders by actively developing, acquiring, and intensively managing properties in twenty one states that span the southern portion of the United States from coast to coast. Weingarten Rlty has a market cap of $3.03 billion; its shares were traded at around $25.05 with a P/E ratio of 15.09 and P/S ratio of 5.59. On February 29th the company increased its quarterly dividend 5.5% to $0.29 per share. The dividend is payable on March 15, 2012 to shareholders of record on March 12, 2012. The yield based on the new payout is 4.5%.

Weingarten Realty announced the results of its operations for the fourth quarter and full year ended December 31, 2011. The Company reported net income attributable to common shareholders of $22.2 million or $0.18 per diluted share (hereinafter “per share”) for the fourth quarter of 2011, as compared to a net loss of $2.6 million or $0.02 per share for the same period in 2010. For the full year 2011, the Company reported a net loss of $19.9 million or $0.17 per share compared to net income of $10.7 million or $0.09 per share for the full year 2010.

David Dreman and Ken Fisher own shares of WRI stock.

Director Robert J Cruikshank and Director Melvin A Dow sold shares of WRI stock.

About the author:

GuruFocus
GuruFocus - Stock Picks and Market Insight of Gurus

Rating: 3.2/5 (6 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