These are companies who raised their dividend during the week: Sanderson Farms, Inc. (SAFM, Financial), ConAgra Foods, Inc. (CAG, Financial), Chimera Investment Corporation (CIM, Financial), Hatteras Financial Corp. (HTS, Financial), and Triangle Capital Corporation (TCAP, Financial).
1. Sanderson Farms, Inc. (SAFM)
Sanderson Farms, Inc. ( SAFM ) , which Sanderson Farms, Inc., an integrated poultry processing company, engages in the production, processing, marketing, and distribution of fresh, frozen, processed, and prepared chicken products in the United States., increased its quarterly dividend by 7% to 15 cents per share. Sanderson Farms, Inc. doesn’t follow a path of regular annual dividend increases that I prefer in a dividend stock. Snderson Farms Inc. is a fully-integrated poultry processing company engaged in the production processing marketing and distribution of fresh and frozen chicken products. The company sells ice pack chill pack and frozen chicken in whole cut-up and boneless form primarily under the Sanderson Farms7 brand name to retailers distributors and fast food operators principally in the southeastern southwestern and western United States. Sanderson Farms Inc. has a market cap of $783.5 million; its shares were traded at around $38.54 with a P/E ratio of 19.6 and P/S ratio of 0.4. The dividend yield of Sanderson Farms Inc. stocks is 1.5%. Sanderson Farms Inc. is owned by 1 Gurus. David Dreman owns 63,975 shares as of 06/30/2009, a decrease of 48.84% of from the previous quarter. This position accounts for 0.09% of the $3.12 billion portfolio of Dreman Value Management.
Sanderson Farms, Inc. recently reported results for the third fiscal quarter and nine months ended July 31, 2009. Net sales for the third quarter of fiscal 2009 were $504.8 million compared with $466.9 million for the same period a year ago. For the quarter, the Company reported net income of $43.0 million, or $2.09 per diluted share, compared with a net loss of $3.6 million, or $0.18 per diluted share, for the third quarter of fiscal 2008.
Sell: Director Phil K Livingston sold 2,000 shares of SAFM stock on 09/16/2009 at the average price of $39.69; the price of the stock has decreased by 2.9% since.
2. ConAgra Foods, Inc. (CAG)
ConAgra Foods, Inc. ( CAG ) , which operates as a food company in North America and internationally, increased its quarterly dividend by 5% to 20 cents per share. This is the third dividend increase for ConAgra Foods, Inc. since the company cut its distributions in 2006. The stock currently yields 3.50%. ConAgra Foods has transformed itself into an industry-leading branded and value-added food company. ConAgra Foods recently announced its realignment from three operating channels to two with the previous ConAgra Foodservice merging with ConAgra Food Ingredients to form ConAgra Foods Commercial Products. These two primary business segments Consumer Foods and Commercial Products make us the right kind of food company to satisfy the needs of customers and consumers. Conagra Foods Inc. has a market cap of $9.49 billion; its shares were traded at around $21.41 with a P/E ratio of 13.2 and P/S ratio of 0.7. The dividend yield of Conagra Foods Inc. stocks is 3.6%.
Jean-Marie Eveillard owns 26,794 shares as of 06/30/2009, which accounts for 0.01% of the $8.91 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC.
3. Chimera Investment Corporation (CIM)
Chimera Investment Corporation ( CIM ) , which invests in residential mortgage backed securities (RMBS), residential mortgage loans, real estate-related securities, asset backed securities (ABS), increased its quarterly dividend by 50% to 12 cents per share. Chimera Investment Corporation is a relatively short dividend history, which started in 2007. The dividend payment seems to be fluctuating a lot, which is not something to have when you try to live off your income streams. The stock currently yields 11.80%. Chimera Investment Corporation are a newly-formed specialty finance company that will invest in residential mortgage loans residential mortgage-backed securities real estate-related securities and various other asset classes and intends to elect and qualify to be taxed as a real estate investment trust or REIT for federal income tax purposes. Chimera Investment Corporation will be externally managed by Fixed Income Discount Advisory Company a wholly-owned subsidiary of Annaly. Chimera Investment Corp Common Stock has a market cap of $2.68 billion; its shares were traded at around $4 with a P/E ratio of 9.5 and P/S ratio of 60. The dividend yield of Chimera Investment Corp Common Stock stocks is 12%.
Chimera Investment Corporation recently reported fiscal results for the second quarter ended March 31, 2009. The company reported GAAP net income of $51.6 million or $0.10 per average share for the quarter ended June 30, 2009, as compared to GAAP net income of$33.9 million or $0.87 per average share for the quarter ended June 30, 2008, and GAAP net income of $18.9 million or $0.11 per average share for the quarter ended March 31, 2009.
CHIMERA INVESTMENT CORP COMMON STOCK is owned by 2 Gurus. Arnold Schneider bought 1,519,825 shares in the quarter that ended on 06/30/2009, which is 0.37% of the $1.44 billion portfolio of Schneider Capital Management. Ken Heebner owns 13,600,000 shares as of 06/30/2009, an increase of 56.32% from the previous quarter. This position accounts for 0.78% of the $6.11 billion portfolio of CAPITAL GROWTH MANAGEMENT LP.
Buy: CEO, President and Director Matthew Lambiase bought 30,000 shares of CIM stock on 05/07/2009 at the average price of $3.5; the price of the stock has increased by 14.29% since. Buy: Head of Underwriting William B. Dyer bought 5,000 shares of CIM stock on 08/17/2009 at the average price of $3.52; the price of the stock has increased by 13.64% since. Buy: Director Jeremy Diamond bought 5,000 shares of CIM stock on 08/12/2009 at the average price of $3.8; the price of the stock has increased by 5.26% since. Buy: Director Paul Donlin bought 100,000 shares of CIM stock on 04/15/2009 at the average price of $3; the price of the stock has increased by 33.33% since.
4. Hatteras Financial Corp. (HTS)
Hatteras Financial Corp. ( HTS ) , which invests in adjustable-rate and hybrid adjustable-rate single-family residential mortgage pass-through securities guaranteed by a U.S. Government agency or issued by a U.S. Government-sponsored entity, increased its quarterly dividend by 4.5% to $1.15 per share. Despite the fact that Hatteras Financial Corp. has only been around since 2008, its dividends have been pretty stable. The stock currently yields 13.90%. HATTERAS FINANCIAL CORP. is an externally-managed mortgage real estate investment trust formed in 2007 to invest in adjustable-rate and hybrid adjustable-rate single-family residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or U.S. Government-sponsored entities such as Fannie Mae Freddie Mac or Ginnie Mae. Hatteras Financial Corp. is managed and advised by Atlantic Capital Advisors LLC. Hatteras Finl Cprp has a market cap of $1.03 billion; its shares were traded at around $28.5 with a P/E ratio of 7 and P/S ratio of 5.2. The dividend yield of Hatteras Finl Cprp stocks is 16.1%.
Hatteras Financial Corp. recently reported financial results for the second quarter ended June 30, 2009. The company reported a $1.20 per diluted share on net income of $43.5 million, compared to $1.07 per diluted share on net income of $38.8 million during the quarter ended March 31, 2009.
HATTERAS FINL CPRP is owned by 1 Gurus. Ken Heebner owns 536,000 shares as of 06/30/2009, an increase of 127.12% from the previous quarter. This position accounts for 0.25% of the $6.11 billion portfolio of CAPITAL GROWTH MANAGEMENT LP.
5. Triangle Capital Corporation (TCAP)
Triangle Capital Corporation ( TCAP ) , which is a private equity and venture capital firm specializing in buyouts, change of control transactions, acquisitions, growth financing, and recapitalizations in lower middle market companies, announced that its board has approved a 2.5% increase in dividends to 41cents/share. Triangle Capital Corporation has increased quarterly dividends since ever since it went public in 2007. The stock currently yields 14.10%. TRIANGLE CAPITAL CORPORATION is a specialty finance company organized to provide customized financing solutions to lower middle market companies located throughout the United States. Triangle's investment objective is to seek attractive returns by generating current income from debt investments and capital appreciation from equity related investments. Triangle's investment philosophy is to partner with business owners management teams and financial sponsors to provide flexible financing solutions to fund growth changes of control or other corporate events. Triangle Capital Corp. has a market cap of $120.6 million; its shares were traded at around $12.52 with a P/E ratio of 5 and P/S ratio of 5.6. The dividend yield of Triangle Capital Corp. stocks is 12.8%.
Triangle Capital Corporation recently reported financial results for the first quarter of 2009 ended March 31, 2009. Total investment income during the first quarter of 2009 was $6.5 million, compared to total investment income of $3.9 million for the first quarter of 2008, representing an increase of 68.3%. Net investment income during the first quarter of 2009 was $3.0 million, compared to net investment income of $1.9 million for the first quarter of 2008, representing an increase of 58.7%. Net investment income per share during the first quarter of 2009 was $0.43 compared to $0.28 during the first quarter of 2008.
Buy: Chairman, President, CEO Garland S Iii Tucker bought 965 shares of TCAP stock on 06/04/2009 at the average price of $9.98; the price of the stock has increased by 25.45% since. Sell: CFO, Secretary, Treasurer Steven C Lilly sold 7,000 shares of TCAP stock on 04/16/2009 at the average price of $11.14 and 1,000 shares of TCAP stock on 04/17/2009 at the average price of $11.81; the price of the stock has increased by 6.01% since.
Sell: Principal Accounting Officer C Robert Jr Knox sold 1,800 shares of TCAP stock on 08/25/2009 at the average price of $10.7; the price of the stock has increased by 17.01% since. Sell: Director W Mccomb Dunwoody sold 4,000 shares of TCAP stock on 06/29/2009 at the average price of $10.91, 5,000 shares of TCAP stock on 07/02/2009 at the average price of $11.06, 5,000 shares of TCAP stock on 07/02/2009 at the average price of $11.06, and 1,000 shares of TCAP stock on 07/06/2009 at the average price of $11.06; the price of the stock has increased by 13.2% since.
