Free 7-day Trial
All Articles and Columns »

Guru Stocks Raising Dividends: Connecticut Water Service, Inc., Consolidated Water Co. Ltd., Badger Meter, Inc., Kinross Gold, and Equity LifeStyle Properties, Inc.

gurujk

gurujk

4 followers
These are the second group of companies who raised their dividend during the week: Connecticut Water Service, Inc. (CTWS), Consolidated Water Co. Ltd. (CWCO), Badger Meter, Inc. (BMI), Kinross Gold (KGC), and Equity LifeStyle Properties, Inc. (ELS).

1. Connecticut Water Service, Inc. (CTWS)

Connecticut Water Service, Inc. (CTWS), which operates as a regulated water company in Connecticut. , increased its quarterly dividend by 2.20% to 22.75 cents per share. Connecticut Water Service, Inc. is a dividend achiever, which has increased dividend payments for each of the last 40 years. The stock currently yields 4.20%. Connecticut Water Service Inc. is a non-operating holding company whose income comes solely from its subsidiaries. The core business is water service to people throughout towns in Connecticut and Massachusetts. Connecticut Water Service Inc. has a market cap of $193.1 million; its shares were traded at around $22.7 with a P/E ratio of 23.5 and P/S ratio of 3.1. The dividend yield of Connecticut Water Service Inc. stocks is 3.9%. Connecticut Water Service Inc. had an annual average earning growth of 1.8% over the past 5 years.

Connecticut Water recently reported fiscal results for its second quarter 2009 ended June 30, 2009. Net income in the first quarter of 2009 was $2.3 million ($0.27 per diluted share), compared to $3.0 million ($0.35 per diluted share) in the same quarter of the previous year.

Sell: VP, Customer & Reg Affairs Maureen P Westbrook sold 735 shares of CTWS stock on 08/17/2009 at the average price of $22.06; the price of the stock has increased by 2.9% since. Sell: VP, Business Development Thomas R Marston sold 1,296 shares of CTWS stock on 03/26/2009 at the average price of $22.36 and 228 shares of CTWS stock on 06/04/2009 at the average price of $22; the price of the stock has increased by 3.18% since.

2. Consolidated Water Co. Ltd. (CWCO)

Consolidated Water Co. Ltd. (CWCO), which uses reverse osmosis technology to produce fresh water from seawater, announced an increase to its quarterly dividend by 15% to 7.50 cents per share. Consolidated Water Co. Ltd. is an international dividend achiever, which has increased its quarterly dividend in each of the past ten years. The stock currently yields 1.40%.

Consolidated Water Co. Ltd. intends to develop and operate seawater conversion plants and water distribution systems in areas of the world where naturally-occurring supplies of potable water are scarce or nonexistent. It currently operates a public water utility in certain areas of the Cayman Islands under a 20-year exclusive license from the Government of the Cayman Islands. The company has signed contracts for its first overseas operations in the Commonwealth of the Bahamas. (PRESS RELEASE) Consolidated Water Co. Ltd. has a market cap of $274.9 million; its shares were traded at around $18.92 with a P/E ratio of 27.8 and P/S ratio of 4.2. The dividend yield of Consolidated Water Co. Ltd. stocks is 1.4%. Consolidated Water Co. Ltd. had an annual average earning growth of 15.1% over the past 5 years.

3. Badger Meter, Inc. (BMI)

Badger Meter, Inc. (BMI), which engages in manufacturing and marketing flow measurement and control products for water utilities, municipalities, and industrial customers worldwide, increased its quarterly dividend by 9% to 12 cents per share. CEO Richard A. Meeusen noted, "This is our seventeenth consecutive year of increased dividend payments. The increase reflects our ongoing commitment to our shareholders and our continued confidence in the future of Badger Meter. This dividend achiever currently yields only 1.30%. Badger Meter Inc. is a marketer and manufacturer of products and a provider of services using flow measurement and control technologies serving markets worldwide. Their products are sold to water utilities original equipment manufacturers and various industrial customers primarily operating in the following markets: water wastewater and process waters; energy and petroleum; food and beverage; pharmaceutical; chemical; and concrete. Badger Meter Inc has a market cap of $592.7 million; its shares were traded at around $40.01 with a P/E ratio of 22.9 and P/S ratio of 2.1. The dividend yield of Badger Meter Inc stocks is 1.2%. Badger Meter Inc had an annual average earning growth of 17.9% over the past 5 years.

Buy: Director John J Stollenwerk bought 100 shares of BMI stock on 06/12/2009 at the average price of $39.5; the price of the stock has increased by 1.29% since. Buy: Director Kenneth P Manning bought 1,000 shares of BMI stock on 03/02/2009 at the average price of $23.59; the price of the stock has increased by 69.61% since. Sell: Director Steven J Smith sold 5,245 shares of BMI stock on 08/18/2009 at the average price of $37.3; the price of the stock has increased by 7.27% since. Sell: Retired Officer Daniel D Zandron sold 6,000 shares of BMI stock on 07/23/2009 at the average price of $38.09 and 6,000 shares of BMI stock on 07/23/2009 at the average price of $38.09; the price of the stock has increased by 5.04% since.

4. Kinross Gold (KGC)

Kinross Gold (KGC), which engages in the gold mining and exploration, increased its quarterly dividend by 25% to 5 cents per share. This is the first dividend increase for Kinross Gold is since the company started paying dividends in 2008. The stock currently yields only 0.40%. If you believe that gold is going to increase over the next few years, gold miners could be a good bet, since they pay some dividends, no matter how small they really are. Kinross Gold Corporation is an entrepreneurial mining company which has become a million-ounce gold producer. With their primary low cost operations on four continents the Company has become a major player on the international market. Kinross Gold Corp. has a market cap of $13.42 billion; its shares were traded at around $19.31 with a P/E ratio of 42.8 and P/S ratio of 8.3. The dividend yield of Kinross Gold Corp. stocks is 0.4%. Kinross Gold Corp. had an annual average earning growth of 12% over the past 5 years.

Jean-Marie Eveillard owns 3,659,009 shares as of 06/30/2009, an increase of 17.02% from the previous quarter. This position accounts for 0.75% of the $8.91 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC. John Paulson owns 30,780,800 shares as of 06/30/2009, which accounts for 3.28% of the $17.13 billion portfolio of Paulson & Co.. Robert Bruce owns 344,848 shares as of 03/31/2009, which accounts for 7.66% of the $82 million portfolio of Bruce & Co., Inc.

5. Equity LifeStyle Properties, Inc. (ELS)

Equity LifeStyle Properties, Inc. (ELS) announced that its board of directors has approved a 20% increase in its quarterly dividends to 30 cents/share. This real estate investment trust (REIT) engages in the ownership and operation of lifestyle oriented properties. This is the sixth dividend increase for Equity LifeStyle Properties, Inc. since the company suspended distributions in 2003. The stock currently yields 2.80%. Equity Lifestyle Properties Inc. is a self-administered self-managed real estate investment trust. Equity Lifestyle Properties Inc. has a market cap of $1.23 billion; its shares were traded at around $41.08 with a P/E ratio of 12.9 and P/S ratio of 2.6. The dividend yield of Equity Lifestyle Properties Inc. stocks is 2.5%. Equity Lifestyle Properties Inc. had an annual average earning growth of 8% over the past 10 years. GuruFocus rated Equity Lifestyle Properties Inc. the business predictability rank of 3.5-star.

Equity LifeStyle Properties recently reported fiscal results for its second quarter 2009 ended June 30, 2009. Net income in the first quarter of 2009 was $2.9 million ($0.11 per diluted share), compared to $4.1 million ($0.11 per diluted share) in the same quarter of the previous year.

Sell: CEO Thomas Heneghan sold 10,000 shares of ELS stock on 03/13/2009 at the average price of $37.54, 10,000 shares of ELS stock on 05/05/2009 at the average price of $38.13, 10,000 shares of ELS stock on 05/12/2009 at the average price of $38.6, 10,000 shares of ELS stock on 08/04/2009 at the average price of $43.4, 10,000 shares of ELS stock on 08/05/2009 at the average price of $43.06; the price of the stock has decreased by 4.6% since. Sell: EVP and CFO Michael Bruce Berman sold 15,000 shares of ELS stock on 07/29/2009 at the average price of $40.51; the price of the stock has increased by 1.41% since. Sell: Vice President-Business Deve. Marguerite M Nader sold 5,948 shares of ELS stock on 08/11/2009 at the average price of $43.31; the price of the stock has decreased by 5.15% since. Sell: EVP Asset Management Roger Maynard sold 10,000 shares of ELS stock on 08/11/2009 at the average price of $43; the price of the stock has decreased by 4.47% since. Sell: Exec VP- Property Management Ellen Kelleher sold 8,325 shares of ELS stock on 08/04/2009 at the average price of $43.02, 5,000 shares of ELS stock on 08/06/2009 at the average price of $44.18, and 5,000 shares of ELS stock on 08/07/2009 at the average price of $45; the price of the stock has decreased by 8.71% since.


Rating: 2.2/5 (5 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
Hide