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Guru Stocks Raising Dividends: SKT, PNC, NPBC, QRE, EBF

April 09, 2012 | About:
gurufocus

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This is the group of companies who raised their dividend during the week: Tanger Factory Outlet Centers Inc.,

Tanger Factory Outlet Centers Inc. (SKT)

Tanger Factory Outlet Centers Inc. is a fully-integrated, self-administered and self-managed real estate investment trust which focuses exclusively on developing, acquiring, owning and operating factory outlet centers. On April 5, the company increased its quarterly dividend 5% to $0.21 per share. The dividend is payable on May 15, 2012 to holders of record on April 30, 2012. The yield based on the new payout is 2.8%.

Tanger Factory Outlet Centers Inc. reported its financial results for the quarter and year ended Dec. 31, 2011. Net income available to common shareholders for the three months ended Dec. 31, 2011 increased 34.3% to $13.2 million, or $0.15 per share, compared to $9.8 million, or $0.12 per share, for the three months ended Dec. 31, 2010.

Ken Heebner owns shares of SKT stock.

President and CEO Steven B Tanger, Executive Vice President, CFO, Secretary Frank C. Marchisello Jr., and Senior Vice President and Chief Marketing Officer Carrie A. Geldner sold shares of SKT stock.

Director William G. Benton bought shares of SKT stock.

The PNC Financial Services Group Inc. (PNC)

The PNC Financial Services Group Inc. is one of the nation's largest diversified financial services organizations, providing regional banking, corporate banking, real estate finance, asset-based lending, wealth management, asset management and global fund services. On April 5, the company increased its dividend 14% to $0.40 per share. The dividend is payable May 5, 2012 to shareholders of record at the close of business April 17, 2012. The yield based on the new payout is 2.5%.

Julian Robertson, Mario Gabelli, and Chris Davis bought shares of PNC stock.

Chairman and CEO James E. Rohr, Chairman and CEO James E. Rohr, and Executive Vice President and Chief HR Officer Joan L. Gulley sold shares of PNC stock.

Director Kay Coles James and Director Helge H. Wehmeier bought shares of PNC stock.

National Penn Bancshares Inc. (NPBC)

National Penn Bancshares Inc. is a bank holding company engaged in general banking business. On April 2, the company increased its quarterly dividend 40% to $0.07 per share. The dividend is payable to shareholders of record as of May 5, 2012 and will be paid May 17, 2012. The yield based on the new payout is 3.0%.

The PNC Financial Services Group, Inc. reported 2011 net income of $3.1 billion, or $5.64 per diluted common share, compared with 2010 net income of $3.4 billion, or $5.74 per diluted common share. Fourth quarter 2011 net income was $493 million, or $.85 per diluted common share, compared with third quarter 2011 net income of $834 million, or $1.55 per diluted common share, and fourth quarter 2010 net income of $820 million, or $1.50 per diluted common share.

Richard Pzena owns shares of NPBC stock.

Director Christian F. Martin IV bought shares of NPBC stock.

QR Energy LP (QRE)

QR Energy LP is a limited partnership formed by affiliates of the Fund to own and acquire producing oil and natural gas properties in North America. On April 2, the company increased its quarterly distribution 2.6% to $0.4875 per unit. The distribution is payable on Aug. 10, 2012 to unitholders of record at the close of business on July 30, 2012. The yield based on the new payout is 9.1%.

QR Energy LP announced operating and financial results for the three months and year ended Dec. 31, 2011. The company reported a net loss of $26.5 million and a revenue of $64.4 million.

CFO Cedric W. Burgher, Director Richard K. Hebert, and Marketing Director Mary Jo Austin bought shares of QRE stock.

Ennis Inc. (EBF)

Ennis Inc. is one of the largest private-label printed business product suppliers in the U.S. Ennis Inc. has a market cap of $418.72 million; its shares were traded at around $16.07 with a P/E ratio of 11.01 and P/S ratio of 0.76. On March 30, the company increased its quarterly dividend 13% to $0.175 per share. The dividend is payable May 1, 2012 to shareholders of record on April 16, 2012. The yield based on the new payout is 4.3%.

Ennis Inc. reported financial results for the three ended November 30, 2011. Consolidated net sales for the quarter was $121.8 million, or down 9.6% from $134.8 million for the same quarter last year. Net earnings for the quarter were $6.9 million or $.27 per diluted share, as compared to $9.6 million or $.37 per diluted share for the same quarter last year.

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