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Long Term Guru Dividend Stocks: Sysco Corp., Intel Corporation, Lancaster Colony Corporation, Brown-Forman, NSTAR.

November 28, 2009 | About:
guruek

gurujk

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This is the group of companies who raised their dividend during the week: Sysco Corp. (SYY), Intel Corporation (INTC), Lancaster Colony Corporation (LANC), Brown-Forman (BF-B), and NSTAR (NST).

1. Sysco Corp. (SYY)

Sysco Corp. (SYY), which markets and distributes a range of food and related products primarily to the foodservice industry in the United States, increased its quarterly dividend by 4.2% to 25 cents per share. Sysco Corp. is a dividend champion, which has increased its quarterly dividend in each of the past 39 years. The stock currently yields 3.60%. Sysco Corporation is the largest North American distributor of food and food related products to the foodservice or `food-prepared-away-from-home` industry. The company provides its products and services to restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers. Sysco Corp. has a market cap of $15.86 billion; its shares were traded at around $26.83 with a P/E ratio of 15.2 and P/S ratio of 0.4. The dividend yield of Sysco Corp. stocks is 3.5%. Sysco Corp. had an annual average earning growth of 13.3% over the past 10 years. GuruFocus rated Sysco Corp. the business predictability rank of 4-star.

Sysco Corporation announced financial results for its 13-week first quarter ended September 26, 2009. Sales were $9.1 billion, a decrease of 8.1% from $9.9 billion in the first quarter of fiscal 2009. Net earnings for the first quarter were $326 million, an increase of $49 million, or 17.8%, and diluted EPS was $0.55, an increase of $0.09, or 19.6%, compared to the prior year period. In addition to the items noted above, these results were favorably impacted by a one-time tax benefit related to the company's IRS settlement. The tax gain combined with non-taxable COLI gains favorably impacted the effective tax rate for the first quarter.

Tweedy Browne owns 43,785 shares as of 09/30/2009, an increase of 67.5% from the previous quarter. This position accounts for 0.06% of the $1.85 billion portfolio of Tweedy Browne CO LLC. Robert Olstein owns 360,000 shares as of 09/30/2009, which accounts for 1.67% of the $537 million portfolio of Olstein Financial Alert Fund. Mark Hillman owns 705,814 shares as of 09/30/2009, which accounts for 4.09% of the $428 million portfolio of Hillman Capital Management. Tom Gayner owns 805,707 shares as of 09/30/2009, which accounts for 1.49% of the $1.34 billion portfolio of Markel Gayner Asset Management Corp. Richard Aster Jr owns 16,300 shares as of 09/30/2009, which accounts for 0.02% of the $2.26 billion portfolio of Meridian Fund. PRIMECAP Management owns 200,000 shares as of 09/30/2009, which accounts for 0.01% of the $56.46 billion portfolio of PRIMECAP Management.

Sell:: Director Phyllis Shapiro Sewell sold 4,744 shares of SYY stock on 09/14/2009 at the average price of 25.83, the price of the stock has increased by 3.87% since. Sell:: EVP - Foodservice Operations Michael W Green sold 22,000 shares of SYY stock on 09/14/2009 at the average price of 26, the price of the stock has increased by 3.19% since. Sell:: Director Nancy Newcomb sold 4,000 shares of SYY stock on 09/14/2009 at the average price of 25.9, the price of the stock has increased by 3.59% since. Sell:: Sr. VP, Gen Counsel and Sec Michael C Nichols sold 1,700 shares of SYY stock on 09/14/2009 at the average price of 25.85, the price of the stock has increased by 3.79% since. Sell:: Director Jonathan Golden sold 1,842 shares of SYY stock on 08/28/2009 at the average price of 25.5, the price of the stock has increased by 5.22% since.

2. Intel Corporation (INTC)

Intel Corporation (INTC), which designs, manufactures, and sells integrated circuits for computing and communications industries worldwide increased its quarterly dividend by 12.5% to 15.75 cents per share. Intel Corporation has only raised dividends with some consistency since 2003. The stock currently yields 2.90%. Paul Otellini, the company’s president and CEO seemed especially bullish saying that "Intel's industry-leading product portfolio, outstanding execution and focus on the next wave of innovation and growth set the company up solidly for the future. With one of the highest dividend yields in the technology industry, the dividend increase is another sign of our confidence in business prospects going forward." Intel Corporation, one of the world's largest semiconductor chip maker, supplies the computing and communications industries with chips, boards, and systems building blocks that are integral to computers, servers, and networking and communications products. Its products are offered at various levels of integration and are used by industry members to create advanced computing and communications systems. Intel Corp. has a market cap of $106.98 billion; its shares were traded at around $19.11 with a P/E ratio of 29 and P/S ratio of 2.9. The dividend yield of Intel Corp. stocks is 2.9%. Intel Corp. had an annual average earning growth of 0.4% over the past 10 years.

Intel Corporation reported third-quarter revenue of $9.4 billion. The company reported operating income of $2.6 billion, net income of $1.9 billion and earnings per share (EPS) of 33 cents.

Mark Hillman bought 74,810 shares in the quarter that ended on 09/30/2009, which is 0.34% of the $428 million portfolio of Hillman Capital Management. Bill Nygren owns 4,350,000 shares as of 06/30/2009, an increase of 11.54% from the previous quarter. This position accounts for 2.79% of the $2.04 billion portfolio of Oak Mark Fund. Bill Nygren owns 4,350,000 shares as of 06/30/2009, which accounts for 2.79% of the $2.04 billion portfolio of Oak Mark Fund. Jean-Marie Eveillard owns 8,239,553 shares as of 09/30/2009, which accounts for 1.5% of the $10.76 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC. John Hussman owns 4,000,000 shares as of 09/30/2009, which accounts for 1.46% of the $5.36 billion portfolio of Hussman Economtrics Advisors, Inc.. Tom Gayner owns 254,342 shares as of 09/30/2009, which accounts for 0.37% of the $1.34 billion portfolio of Markel Gayner Asset Management Corp. Third Avenue Management owns 575,000 shares as of 09/30/2009, which accounts for 0.21% of the $5.3 billion portfolio of Third Avenue Management. Ruane Cunniff owns 18,708 shares as of 09/30/2009, which accounts for less than 0.01% of the $7.71 billion portfolio of Ruane & Cunniff & Goldfarb Inc. Ronald Muhlenkamp owns 435,710 shares as of 09/30/2009, which accounts for 1.27% of the $672 million portfolio of Muhlenkamp Fund. PRIMECAP Management owns 26,332,835 shares as of 09/30/2009, which accounts for 0.91% of the $56.46 billion portfolio of PRIMECAP Management. Brian Rogers owns 4,908,100 shares as of 09/30/2009, which accounts for 0.61% of the $15.73 billion portfolio of T Rowe Price Equity Income Fund. Richard Snow owns 155,643 shares as of 09/30/2009, which accounts for 0.12% of the $2.47 billion portfolio of Snow Capital Management, L.P.. Kenneth Fisher owns 20,012,532 shares as of 09/30/2009, which accounts for 1.31% of the $29.78 billion portfolio of Fisher Asset Management, LLC. Arnold Van Den Berg owns 1,718,208 shares as of 09/30/2009, which accounts for 2.26% of the $1.49 billion portfolio of Century Management. Robert Olstein owns 961,600 shares as of 09/30/2009, which accounts for 3.51% of the $537 million portfolio of Olstein Financial Alert Fund. Charles Brandes owns 23,513,105 shares as of 09/30/2009, which accounts for 2.16% of the $21.32 billion portfolio of Brandes Investment. Prem Watsa owns 5,716,000 shares as of 09/30/2009, which accounts for 1.68% of the $6.63 billion portfolio of Fairfax Financial Holdings, Inc. Richard Aster Jr owns 20,925 shares as of 09/30/2009, a decrease of 21.41% of from the previous quarter. This position accounts for 0.02% of the $2.26 billion portfolio of Meridian Fund. Chris Davis owns 55,000 shares as of 09/30/2009, a decrease of 82.32% of from the previous quarter. This position accounts for less than 0.01% of the $61.3 billion portfolio of Davis Selected Advisers. George Soros owns 15,000 shares as of 09/30/2009, a decrease of 95.32% of from the previous quarter. This position accounts for 0.01% of the $4.41 billion portfolio of Soros Fund Management LLC.

Sell:: SR VP, GM DIG ENT GRP Patrick P Gelsinger sold 120,000 shares of INTC stock on 08/28/2009 at the average price of 20.25, the price of the stock has decreased by 5.63% since.

3. Lancaster Colony Corporation (LANC)

Lancaster Colony Corporation (LANC), which engages in the manufacture and marketing of consumer products in the United States, increased its quarterly dividend by 5.3% to 30 cents per share. This marked the forty seventh consecutive annual dividend increase. The stock currently yields 2.30%. Lancaster Colony Corp. manufactures and markets three families of products: Glassware and Candles; Specialty Foods; and Automotive. Consumer glassware includes a diverse line of decorative and ornamental products such as tumblers, bowls, pitchers, jars and barware. The food products manufactured and sold include salad dressings and sauces; fruit glazes, veggie dips and fruit dips; frozen unbaked pies. It also manufactures and sells a complete line of rubber, vinyl and carpeted car mats both in the aftermarket and to original equipment manufacturers. Lancaster Colony Corp. has a market cap of $1.35 billion; its shares were traded at around $48.1 with a P/E ratio of 13.5 and P/S ratio of 1.3. The dividend yield of Lancaster Colony Corp. stocks is 2.3%.

Lancaster Colony Corporation reported lower sales but higher net income for its first fiscal quarter ended September 30, 2009. Net sales reached $254 million, off nearly four percent from first quarter sales of $264 million last year. Net income of $28,405,000, or $1.01 per diluted share, increased from the prior-year total of $11,020,000, or $.39 per diluted share.

Donald Yacktman owns 558,626 shares as of 09/30/2009, which accounts for 1.66% of the $1.73 billion portfolio of Yacktman Asset Management Co.

Sell:: Vice President & Treasurer John L Boylan sold 15,000 shares of LANC stock on 11/05/2009 at the average price of 48.42, the price of the stock has decreased by 0.66% since.

4. Brown-Forman (BF-B)

Brown-Forman (BF-B), which engages in the manufacture, bottling, import, export, and marketing of alcoholic beverage brands, increased its quarterly dividend by 8% to 14 cents per share. Brown-Forman has increased its quarterly dividend in each of the past twenty six years. The stock currently yields 2.30%. Brown-Forman Corporation is a producer and marketer of fine quality beverage alcohol brands, including Jack Daniel's, Southern Comfort, Finlandia Vodka, Tequila Herradura, el Jimador Tequila, Canadian Mist, Fetzer and Bolla Wines, and Korbel California Champagnes. Brownforman Corp. has a market cap of $7.75 billion; its shares were traded at around $50.39 with a P/E ratio of 16 and P/S ratio of 2.5. The dividend yield of Brownforman Corp. stocks is 2.2%. Brownforman Corp. had an annual average earning growth of 8.2% over the past 10 years. GuruFocus rated Brownforman Corp. the business predictability rank of 3.5-star.

Brown-Forman Corporation reported diluted earnings per share1 increased 39%, to $0.81,for its fiscal 2010 first quarter ended July 31, 2009. Adjusting for the $0.11 per share non-cash agave charge recorded in the first quarter of fiscal 2009, diluted earnings per share grew 17% during the three-month period. Reported operating income for the quarter increased 37%, to $192 million.

Tom Gayner owns 70,965 shares as of 09/30/2009, which accounts for 0.26% of the $1.34 billion portfolio of Markel Gayner Asset Management Corp. Richard Aster Jr owns 8,300 shares as of 09/30/2009, which accounts for 0.02% of the $2.26 billion portfolio of Meridian Fund.

5. NSTAR (NST)

NSTAR (NST), which engages in the distribution, transmission, and sale of energy in Massachusetts, increased its quarterly dividend by 6.7% to 40 cents per share. NSTAR has increased its quarterly dividend for 11 years in a row. The stock currently yields 4.70%. NSTAR was formed through a merger of BEC Energy and Commonwealth Energy System. The company, headquartered in Boston, Massachusetts provides regulated electric and gas utility services and is also engaged intelecommunications and other non-regulated activities. NSTAR, through its subsidiaries, Boston Edison Company, Cambridge Electric Light Company, Commonwealth Electric Company and Commonwealth Gas Company, serves approximately 1.3 million customers throughout Massachusetts. Nstar has a market cap of $3.5 billion; its shares were traded at around $32.81 with a P/E ratio of 14.2 and P/S ratio of 1. The dividend yield of Nstar stocks is 4.7%. Nstar had an annual average earning growth of 3.1% over the past 10 years.

NSTAR reported earnings of $87.6 million, or $0.82 per common share, for the third quarter of 2009, compared to $85.8 million, or $0.80 per share reported for the same period in 2008. Earnings per share for the third quarter of 2009 increased by 2 cents or about 3%. Factors that contributed to this positive performance for the quarter were an increase in transmission revenues as a result of increased investment base, an increase in distribution revenues due to a performance-based rate adjustment and a decline in operations and maintenance costs. The impact of these factors was partially offset by increases in depreciation expense and property taxes and a decline in electric sales.

Sell:: Chr, President, CEO & Trustee Thomas J May sold 140,355 shares of NST stock on 09/16/2009 at the average price of 32.55, the price of the stock has increased by 0.8% since. Sell:: SVP - IT (retired) Eugene J Zimon sold 4,000 shares of NST stock on 09/10/2009 at the average price of 31.84, 33,000 shares of NST stock on 09/14/2009 at the average price of 32.15, 12,000 shares of NST stock on 09/16/2009 at the average price of 32.64, 6,000 shares of NST stock on 10/01/2009 at the average price of 31.67, and 1,100 shares of NST stock on 10/06/2009 at the average price of 32.02, the price of the stock has increased by 2.47% since.


Rating: 3.3/5 (7 votes)

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