Guru Stocks Raising Dividends: Cincinnati Financial, Getty Realty Corp., ITC Holdings Corp., Nordson Corporation.
1. Cincinnati Financial (CINF)
Cincinnati Financial Corporation offers property and casualty insurance its main business through The Cincinnati Insurance Company The Cincinnati Indemnity Company and The Cincinnati Casualty Company. The Cincinnati Life Insurance Company markets life and disability income insurance and annuities. CFC Investment Company offers commercial leasing and financing services. CinFin Capital Management Company provides asset management services to institutions corporations and individuals. Cincinnati Financial Corp. has a market cap of $4.15 billion; its shares were traded at around $25.51 with a P/E ratio of 21 and P/S ratio of 1. The dividend yield of Cincinnati Financial Corp. stocks is 6.2%. Cincinnati Financial Corp. had an annual average earning growth of 18.5% over the past 10 years. Cincinnati Financial (CINF) surprised investors in a positive way, after the provider of property, casualty, personal, and life insurance products to businesses and individuals in the United States upped its quarterly dividend from 39 to 39.5 cents/share.
2. Getty Realty Corp. (GTY)
Getty Realty Corp. is principally a real estate company specializing in service stations convenience stores and petroleum marketing terminals. The company owns and leases properties and is also a marketer of heating oil. The company intends to specialize in the ownership of properties in the petroleum industry since it has substantial knowledge and expertise in this industry. Its retail outlets sell gasoline diesel fuel and other related products. (Press Release) Getty Realty Corp. has a market cap of $582.9 million; its shares were traded at around $23.54 with a P/E ratio of 14.9 and P/S ratio of 7.1. The dividend yield of Getty Realty Corp. stocks is 7.9%. Getty Realty Corp. had an annual average earning growth of 0.1% over the past 5 years., which engages in the ownership and leasing of retail motor fuel and convenience store properties, and petroleum distribution terminals, increased its quarterly dividend from 47 to 47.50 cents per share. This dividend achiever currently yields 8.50%.
Getty Reality Corp. recently reported fiscal results for its quarter 2009 ended June 30, 2009. Net income in the quarter of 2009 was $13. 6 million, compared to $10.6 million in the same quarter previous year.
3. ITC Holdings Corp. (ITC)
ITC Holdings Corp. is in the business of electricity transmission infrastructure improvements as a means to improve electric reliability reduce congestion and lower the overall cost of delivered energy. Through ITC operating subsidiaries ITCTransmission and METC we are the only publicly traded company engaged exclusively in the transmission of electricity in the United States. We are also the largest independent electric transmission company and the eighth largest electric transmission company in the country based on transmission load served. Its business strategy is to operate maintain and invest in our transmission infrastructure in order to enhance system integrity and reliability and to reduce transmission constraints. By pursuing this strategy we seek to reduce the overall cost of delivered energy for end-use consumers by providing them with access to electricity from the lowest cost electricity generation sources. Itc Holdings Corp. has a market cap of $2.32 billion; its shares were traded at around $46.65 with a P/E ratio of 20.4 and P/S ratio of 3.9. The dividend yield of Itc Holdings Corp. stocks is 2.5%. ITC Holdings Corp. (ITC), which invests in the electricity transmission grid to improve electric reliability, improve access to markets, and lower the overall cost of delivered energy, increased its quarterly dividend by 4.90% to 32 cents per share. This is the fourth consecutive dividend increase for ITC Holdings Corp. since the company went public in 2005. The stock currently yields 2.60%.
ITC Holdings Corp. recently reported fiscal results for its second quarter 2009 ended June 30, 2009. Net income in the first quarter of 2009 was $30.8 million ($0.61 per diluted share), compared to $28.7 million ($0.59 per diluted share) in the same quarter of the previous year.
Ron Baron owns 4,941,028 shares as of 06/30/2009, which accounts for 1.87% of the $11.99 billion portfolio of Baron Funds. John Keeley owns 1,441,470 shares as of 06/30/2009, which accounts for 1.12% of the $5.82 billion portfolio of Keeley Fund Management.
4. Nordson Corporation (NDSN)
Nordson Corporation is one of the world's leading producers of precision dispensing equipment that applies adhesives sealants and coatings to a broad range of consumer and industrial products during manufacturing operations. The company also manufactures technology-based systems for curing and surface treatment processes. Headquartered in Westlake Ohio Nordson has more than three thousand eight hundrednemployees worldwide and direct operations and sales support offices in thirty countries.ntainers. Nordson Corp. has a market cap of $1.82 billion; its shares were traded at around $54.19 with a P/E ratio of 21.4 and P/S ratio of 1.6. The dividend yield of Nordson Corp. stocks is 1.3%. Nordson Corp. had an annual average earning growth of 7.2% over the past 10 years. Nordson Corporation (NDSN), which manufactures equipment used for precision dispensing, testing and inspection, and surface preparation and curing., increased its quarterly dividend by 4.10% to 19 cents per share. This represents the 46th consecutive year of annual dividend increases for this dividend achiever. The stock currently yields 1.50%.
Buy: Director Randy W Carson bought 1,000 shares of NDSN stock on 06/29/2009 at the average price of $39.05; the price of the stock has increased by 38.77% since. Buy: Director David W Ignat bought 4,000 shares of NDSN stock on 03/23/2009 at the average price of $28.04; the price of the stock has increased by 93.26% since. Sell: Director William D Ginn sold 1,000 shares of NDSN stock on 06/03/2009 at the average price of $39.99 and 141 shares of NDSN stock on 08/26/2009 at the average price of $55; the price of the stock has decreased by 1.47% since. Sell: Vice President Michael Groos sold 7,350 shares of NDSN stock on 06/05/2009 at the average price of $42.65; the price of the stock has increased by 27.06% since.Sell: Director William D Ginn sold; the price of the stock has increased by 35.51% since.