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Guru Stocks Raising Dividends: O, WFC, JPM, XLNX, CPT

March 19, 2012 | About:
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This is the group of companies who raised their dividend during the week: Realty Income, Wells Fargo-new, J. P. Morgan Chase, Xilinx Inc., and Camden Property Trust.

Realty Income Corp. (O)

Realty Income Corp. is a fully integrated, self-administered and self-managed real estate company with in-house acquisition, leasing, legal, financial underwriting, portfolio management and capital markets expertise. Realty Income has a market cap of $4.93 billion; its shares were traded at around $37.93 with a P/E ratio of 18.5 and P/S ratio of 11.7. On March 13th the company increased its monthly dividend to to $0.1458125 per share. The dividend is payable April 16, 2012 to shareholders of record as of April 2, 2012. This is the 58th consecutive quarterly increase and the 65th dividend increase since Realty Income went public in 1994. The yield based on the new payout is 4.6%.

Realty Income Corporation announced operating results for the fourth quarter ended Dec. 31, 2011. Revenue, for the quarter ended Dec. 31, 2011, increased 23.6% to $114.0 million as compared to $92.2 million for the same quarter in 2010. Revenue for 2011 increased 22.6% to $421.1 million as compared to $343.5 million in 2010. Net income available to common stockholders, for the quarter ended Dec. 31, 2011, was $34.9 million as compared to $31.8 million for the same quarter in 2010. Net income per share for the quarter ended Dec. 31, 2011, was $0.26 as compared to $0.28 for the same quarter in 2010.

CEO Thomas A. Lewis, Executive Vice President, CFO and Treasurer Paul M. Meurer, and Non-Executive Chairman Donald R. Cameron sold shares of O stock.

Wells Fargo-new (WFC)

Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage and consumer finance services through stores, its Internet site and other distribution channels across North America as well as internationally. Wells Fargo-new has a market cap of $166.96 billion; its shares were traded at around $33.89 with a P/E ratio of 11.2 and P/S ratio of 1.9. On March 13, the company announced an additional first quarter dividend on its common stock of $0.10 per share, which together with the $0.12 per share dividend previously declared on Jan. 24, 2012, brings the total dividend declared for the first quarter to $0.22 per share. The additional dividend is payable March 30, 2012, to stockholders of record on March 26, 2012. The yield based on the new payout is 2.6%.

Wells Fargo & Company reported record net income of $4.1 billion, or $0.73 per diluted common share, for fourth quarter 2011, compared with $3.4 billion, or $0.61 per share, for fourth quarter 2010, and $4.1 billion, or $0.72 per share, for third quarter 2011. Full year 2011 Wells Fargo net income was $15.9 billion, or $2.82 per share, up 28 percent from 2010. Revenue was $20.6 billion, up from $19.6 billion in third quarter 2011. George Soros, Richard Pzena, and Jean-Marie Eveillard own shares of WFC stock.

Executive Vice President Michael J. Heid, Senior Executive Vice President Kevin A. Rhein, and Senior Executive Vice President David M. Carroll sold shares of WFC stock.

J. P. Morgan Chase (JPM)

J.P. Morgan Chase & Co. is a global financial services firm. J.P. Morgan Chase has a market cap of $155.9 billion; its shares were traded at around $44.57 with a P/E ratio of 9.2 and P/S ratio of 1.6. On March 13, the company increased its quarterly dividend 20% to $0.30 per share. The dividend is payable April 30, 2012 to stockholders of record at the close of business on April 5, 2012. The yield based on the new payout is 2.8%.

J.P. Morgan Chase reported net income of $3.7 billion for the fourth quarter of 2011, compared with $4.8 billion for the fourth quarter of 2010. Earnings per share were $0.90 for the fourth quarter of 2011, compared with $1.12 for the fourth quarter of 2010. Full-year 2011 net income was a record $19.0 billion, compared with $17.4 billion for the prior year. Earnings per share were $4.48 for 2011, compared with $3.96 for 2010.

Ronald Muhlenkamp, Andreas Halvorsen, and Bill Nygren own shares of JPM stock.

Chief Risk Officer John James Hogan, General Counsel Stephen M Cutler, and Chief Administrative Officer Frank Bisignano sold shares of JPM stock.

Xilinx Inc. (XLNX)

Xilinx Inc. designs, develops and markets complete programmable logic solutions, including advanced integrated circuits, software design tools, predefined system functions delivered as cores of logic and field engineering support. Xilinx Inc. has a market cap of $9.54 billion; its shares were traded at around $37.27 with a P/E ratio of 17.8 and P/S ratio of 4. On March 13, the company increased its quarterly dividend 15.8% to $0.22 per share. The dividend is payable on June 6, 2012 to all stockholders of record at the close of business on May 16, 2012. The yield based on the new payout is 2.4%.

Xilinx, Inc. announced third quarter fiscal 2012 sales of $511.1 million, down 8 percent sequentially from the prior quarter and down 10 percent from the same quarter of the prior year. Third quarter net income was $127.0 million, or $0.47 per diluted share.

John Hussman, PRIMECAP Management, and Joel Greenblatt own shares of XLNX stock.

CEO Moshe Gavrielov, Director Jerald Fishman, and Director Marshall C. Turner sold shares of XLNX stock.

Camden Property Trust (CPT)

Camden Property Trust is a self-administered and self-managed real estate investment trust that is engaged in the ownership, development, acquisition, management, marketing and disposition of multi-family apartment communities in the Southwest and Mountain regions of the United States. Camden Property Trust has a market cap of $5 billion; its shares were traded at around $63.82 with a P/E ratio of 23.2 and P/S ratio of 7.6. On March 8th the company increased its quarterly dividend 14.3% to 0.56 per share. The dividend is payable on April 17, 2012 to shareholders of record as of March 30, 2012. The yield based on the new payout is 3.5%.

Camden Property Trust announced operating results for the three and twelve months ended December 31, 2011. The Company reported net income attributable to common shareholders (“EPS”) of $46.8 million or $0.62 per diluted share for the fourth quarter of 2011, as compared to $17.1 million or $0.24 per diluted share for the same period in 2010. For the twelve months ended December 31, 2011, Camden reported net income attributable to common shareholders of $49.4 million or $0.66 per diluted share, as compared to $23.2 million or $0.33 per diluted share for the same period in 2010.

Ken Heebner owns shares of CPT stock.

Senior Vice President, Finance and CFO Dennis Steen, Director William F. Paulsen, and Director F Gardner Parker sold shares of CPT stock.

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