This is the group of companies who raised their dividend during the week: Valspar Corporation (VAL, Financial), Erie Indemnity Company (ERIE, Financial), Edison International (EIX, Financial), DPL Inc. (DPL), and Brandywine Realty Trust (BDN, Financial).
1. Valspar Corporation (VAL)
Valspar Corporation (VAL), which manufactures and distributes coatings, paints, and related products primarily in the United States and internationally., increased its quarterly dividend by 6.70% to 16 cents per share. Valspar Corporation has increased its quarterly dividend in each of the past twenty-nine consecutive years. The stock currently yields 2.20%.
The Valspar Corporation is a global leader in the paint and coatings industry, with a broad range of products including industrial, architectural, packaging, automotive refinish and floor coatings, and specialty polymers and colorants. The Valspar Corp. has a market cap of $2.74 billion; its shares were traded at around $27.18 with a P/E ratio of 15.5 and P/S ratio of 1. The dividend yield of The Valspar Corp. stocks is 2.2%. The Valspar Corp. had an annual average earning growth of 9.1% over the past 10 years. GuruFocus rated The Valspar Corp. the business predictability rank of 4.5-star.
Richard Aster Jr owns 1,258,885 shares as of 09/30/2009, an increase of 7349.02% from the previous quarter. This position accounts for 1.53% of the $2.26 billion portfolio of Meridian Fund. Jean-Marie Eveillard owns 736,770 shares as of 09/30/2009, a decrease of 24.97% of from the previous quarter. This position accounts for 0.19% of the $10.76 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC.
Sell:: Sr. VP and CFO Lori A Walker sold 7,744 shares of VAL stock on 09/09/2009 at the average price of 27.25, the price of the stock has decreased by 0.26% since. Sell:: Executive VP Steven L Erdahl sold 48,000 shares of VAL stock on 12/11/2009 at the average price of 27.42, the price of the stock has decreased by 0.88% since. Sell:: Director Richard L White sold 14,950 shares of VAL stock on 12/08/2009 at the average price of 26.7, the price of the stock has increased by 1.8% since. Sell:: President and COO Gary E Hendrickson sold 29,555 shares of VAL stock on 08/05/2009 at the average price of 26, the price of the stock has increased by 4.54% since.
The Valspar Corporation reported its results for the fourth-quarter and fiscal-year ended October 30, 2009. Fourth-quarter sales totaled $776.6 million, a 15.9 percent decline from the fourth quarter of 2008. The fourth quarter of 2009 consisted of 13 weeks compared to 14 weeks in 2008. Sales for the quarter declined 11.8 percent adjusting for the 14th week of 2008.
2. Erie Indemnity Company (ERIE)
Erie Indemnity Company (ERIE), which provides sales, underwriting, and policy issuance services to the policyholders of Erie Insurance Exchange primarily in the Midwest, mid-Atlantic, and southeast regions of the United States, increased its quarterly dividend by 6.7% to 48 cents per share. Erie Indemnity Company has increased its quarterly dividend for almost twenty years in a row. The stock currently yields 4.80%.
Erie Indemnity Company's principal business activity consists of management of the affairs for Erie Insurance Exchange. The company also participates in the property/casualty insurance business through its three wholly owned subsidiaries, Erie Insurance Company, Erie Insurance Company of New York, and Erie Insurance Property and Casualty Company and through its management of the Flagship City Insurance Company, a subsidiary of Erie Insurance Exchange. Erie Indemnity Company has a market cap of $2.05 billion; its shares were traded at around $40.06 with a P/E ratio of 22 and P/S ratio of 1.8. The dividend yield of Erie Indemnity Company stocks is 4.5%. Erie Indemnity Company had an annual average earning growth of 8.6% over the past 10 years.
Buy:: President & CEO Terrence W Cavanaugh bought 2,000 shares of ERIE stock on 08/12/2009 at the average price of 37.16, 2,000 shares of ERIE stock on 11/12/2009 at the average price of 36.45, and 2,000 shares of ERIE stock on 12/16/2009 at the average price of 38.6, the price of the stock has increased by 3.78% since. Buy:: Senior Vice President Eric A Miller bought 100 shares of ERIE stock on 06/23/2009 at the average price of 35.03 and 100 shares of ERIE stock on 12/14/2009 at the average price of 37.67, the price of the stock has increased by 6.34% since.
Erie Indemnity Company announced third quarter 2009 earnings of $39.7 million, or $0.69 per diluted share, compared to $4.2 million, or $0.07 per diluted share, from the third quarter of 2008. Operating income (excluding net realized gains or losses and impairments on investments and related taxes) increased to $38.2 million, or $0.66 per share, in the third quarter of 2009 from $31.1 million, or $0.54 per share, for the same period one year ago.
3. Edison International (EIX)
Edison International (EIX), which engages in the supply of electric energy in central, coastal, and southern California, increased its quarterly dividend by 1.6% to 31.5 cents per share. Edison International has increased its quarterly dividend since 2005.
Edison International is an international electric power generator, distributor and structured finance provider. Edison International is one of the industry leaders in privatized, deregulated and incentive-regulated markets and power generation. It is the parent company of Edison Mission Energy, Southern California Edison, Edison Capita, Edison Enterprises and Edison O&M Services. (Company Press Release) Edison International has a market cap of $11.52 billion; its shares were traded at around $35.36 with a P/E ratio of 10.8 and P/S ratio of 0.8. The dividend yield of Edison International stocks is 3.5%. Edison International had an annual average earning growth of 4.9% over the past 10 years.
George Soros bought 15,800 shares in the quarter that ended on 09/30/2009, which is 0.01% of the $4.41 billion portfolio of Soros Fund Management LLC. HOTCHKIS & WILEY owns 6,425,710 shares as of 09/30/2009, an increase of 11.72% from the previous quarter. This position accounts for 1.51% of the $14.26 billion portfolio of HOTCHKIS & WILEY Capital Management LLC. HOTCHKIS & WILEY owns 6,425,710 shares as of 09/30/2009, which accounts for 1.51% of the $14.26 billion portfolio of HOTCHKIS & WILEY Capital Management LLC. 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. Kenneth Fisher owns 172,384 shares as of 09/30/2009, which accounts for 0.02% of the $29.78 billion portfolio of Fisher Asset Management, LLC. David Dreman owns 8,349 shares as of 09/30/2009, which accounts for 0.01% of the $3.85 billion portfolio of Dreman Value Management. Charles Brandes owns 277,685 shares as of 09/30/2009, which accounts for 0.04% of the $21.32 billion portfolio of Brandes Investment.
Buy:: Vice President and Controller Mark Clarke bought 3,500 shares of EIX stock on 08/11/2009 at the average price of 31.6, the price of the stock has increased by 11.9% since. Sell:: Senior Vice President Barbara J Parsky sold 10,148 shares of EIX stock on 11/10/2009 at the average price of 34.03, the price of the stock has increased by 3.91% since. Sell:: Pres., So. Calif Edison Co. John R Fielder sold 15,000 shares of EIX stock on 08/25/2009 at the average price of 33.99, the price of the stock has increased by 4.03% since.
Edison International reported third quarter 2009 GAAP earnings of $1.23 per share, compared to $1.33 per share in the same quarter last year. Third quarter 2009 core earnings were $1.09 per share compared to $1.46 per share in the third quarter 2008.
4. DPL Inc. (DPL)
DPL Inc. (DPL), which operates as a regional electric energy company in the United States., increased its quarterly dividend by 6.10% to 30.25 cents per share. DPL Inc. has regularly raised distributions since 2003. The stock currently yields 4.10%.
DPL Inc. is a holding company. Its principal subsidiary is The Dayton Power and Light Company. The Dayton Power and Light Company sells electricity and natural gas to residential, commercial and governmental customers in West Central Ohio. Dpl Inc. has a market cap of $3.34 billion; its shares were traded at around $27.9 with a P/E ratio of 12.5 and P/S ratio of 2.1. The dividend yield of Dpl Inc. stocks is 4.1%. Dpl Inc. had an annual average earning growth of 2.2% over the past 10 years.
George Soros bought 12,900 shares in the quarter that ended on 09/30/2009, which is 0.01% of the $4.41 billion portfolio of Soros Fund Management LLC. John Hussman owns 300,000 shares as of 09/30/2009, which accounts for 0.15% of the $5.36 billion portfolio of Hussman Economtrics Advisors, Inc.
Buy:: President & CEO Paul M Barbas bought 6,000 shares of DPL stock on 12/17/2009 at the average price of 27.84, the price of the stock has increased by 0.22% since. Buy:: SVP, CFO & Treasurer Frederick J Boyle bought 10,500 shares of DPL stock on 12/16/2009 at the average price of 28.48, the price of the stock has decreased by 2.04% since. Buy:: SVP, Gen Counsel & Corp Dev Douglas C Taylor bought 3,700 shares of DPL stock on 12/08/2009 at the average price of 28.09, the price of the stock has decreased by 0.68% since. Buy:: SVP, Service Operations Scott J Kelly bought 1,700 shares of DPL stock on 11/10/2009 at the average price of 27.42, the price of the stock has increased by 1.75% since. Buy:: Sr VP and Chief Admin Officer Daniel J Mccabe bought 20,580 shares of DPL stock on 11/02/2009 at the average price of 25.51, the price of the stock has increased by 9.37% since. Sell:: Director Robert D Biggs sold 125,000 shares of DPL stock on 11/16/2009 at the average price of 27.68, the price of the stock has increased by 0.79% since.
5. Brandywine Realty Trust (BDN)
Brandywine Realty Trust (BDN), is a REIT which owns, develops and manages a primarily Class A, suburban and urban office portfolio aggregating 34.9 million square feet, including 25.6 million square feet which it owns on a consolidated basis. The company boosted its quarterly dividend by 50% to 15 cents per share. Brandywine Realty Trust is not a consistent dividend grower, as it cut its distributions from 44 to 10 cents earlier in 2009. The stock currently yields 3.90%.
Brandywine Realty Trust is a self-administered, self-managed and fully integrated Real Estate Investment Trust active in acquiring, developing, redeveloping, leasing and managing suburban office and industrial properties. The company's portfolio includes approximately 151 office properties and 28 industrial facilities. Certain of the Properties serve as flex facilities, accommodating office use, warehouse space and research and development activities. Brandywine Realty Trust has a market cap of $1.39 billion; its shares were traded at around $10.78 with a P/E ratio of 4.3 and P/S ratio of 2.3. The dividend yield of Brandywine Realty Trust stocks is 3.7%. Brandywine Realty Trust had an annual average earning growth of 4.4% over the past 10 years.
Buy:: Director Donald E Axinn bought 40 shares of BDN stock on 09/16/2009 at the average price of 11.35, the price of the stock has decreased by 5.02% since.
Brandywine Realty Trust announced its financial and operating results for the three and nine-month periods ended September 30, 2009. Net income allocated to common shares totaled $5.1 million or $0.04 per diluted share in the third quarter of 2009 compared to a net loss of ($0.5) million or ($0.01) per diluted share in the third quarter of 2008.
1. Valspar Corporation (VAL)
Valspar Corporation (VAL), which manufactures and distributes coatings, paints, and related products primarily in the United States and internationally., increased its quarterly dividend by 6.70% to 16 cents per share. Valspar Corporation has increased its quarterly dividend in each of the past twenty-nine consecutive years. The stock currently yields 2.20%.
The Valspar Corporation is a global leader in the paint and coatings industry, with a broad range of products including industrial, architectural, packaging, automotive refinish and floor coatings, and specialty polymers and colorants. The Valspar Corp. has a market cap of $2.74 billion; its shares were traded at around $27.18 with a P/E ratio of 15.5 and P/S ratio of 1. The dividend yield of The Valspar Corp. stocks is 2.2%. The Valspar Corp. had an annual average earning growth of 9.1% over the past 10 years. GuruFocus rated The Valspar Corp. the business predictability rank of 4.5-star.
Richard Aster Jr owns 1,258,885 shares as of 09/30/2009, an increase of 7349.02% from the previous quarter. This position accounts for 1.53% of the $2.26 billion portfolio of Meridian Fund. Jean-Marie Eveillard owns 736,770 shares as of 09/30/2009, a decrease of 24.97% of from the previous quarter. This position accounts for 0.19% of the $10.76 billion portfolio of Arnhold & S. Bleichroeder Advisers, LLC.
Sell:: Sr. VP and CFO Lori A Walker sold 7,744 shares of VAL stock on 09/09/2009 at the average price of 27.25, the price of the stock has decreased by 0.26% since. Sell:: Executive VP Steven L Erdahl sold 48,000 shares of VAL stock on 12/11/2009 at the average price of 27.42, the price of the stock has decreased by 0.88% since. Sell:: Director Richard L White sold 14,950 shares of VAL stock on 12/08/2009 at the average price of 26.7, the price of the stock has increased by 1.8% since. Sell:: President and COO Gary E Hendrickson sold 29,555 shares of VAL stock on 08/05/2009 at the average price of 26, the price of the stock has increased by 4.54% since.
The Valspar Corporation reported its results for the fourth-quarter and fiscal-year ended October 30, 2009. Fourth-quarter sales totaled $776.6 million, a 15.9 percent decline from the fourth quarter of 2008. The fourth quarter of 2009 consisted of 13 weeks compared to 14 weeks in 2008. Sales for the quarter declined 11.8 percent adjusting for the 14th week of 2008.
2. Erie Indemnity Company (ERIE)
Erie Indemnity Company (ERIE), which provides sales, underwriting, and policy issuance services to the policyholders of Erie Insurance Exchange primarily in the Midwest, mid-Atlantic, and southeast regions of the United States, increased its quarterly dividend by 6.7% to 48 cents per share. Erie Indemnity Company has increased its quarterly dividend for almost twenty years in a row. The stock currently yields 4.80%.
Erie Indemnity Company's principal business activity consists of management of the affairs for Erie Insurance Exchange. The company also participates in the property/casualty insurance business through its three wholly owned subsidiaries, Erie Insurance Company, Erie Insurance Company of New York, and Erie Insurance Property and Casualty Company and through its management of the Flagship City Insurance Company, a subsidiary of Erie Insurance Exchange. Erie Indemnity Company has a market cap of $2.05 billion; its shares were traded at around $40.06 with a P/E ratio of 22 and P/S ratio of 1.8. The dividend yield of Erie Indemnity Company stocks is 4.5%. Erie Indemnity Company had an annual average earning growth of 8.6% over the past 10 years.
Buy:: President & CEO Terrence W Cavanaugh bought 2,000 shares of ERIE stock on 08/12/2009 at the average price of 37.16, 2,000 shares of ERIE stock on 11/12/2009 at the average price of 36.45, and 2,000 shares of ERIE stock on 12/16/2009 at the average price of 38.6, the price of the stock has increased by 3.78% since. Buy:: Senior Vice President Eric A Miller bought 100 shares of ERIE stock on 06/23/2009 at the average price of 35.03 and 100 shares of ERIE stock on 12/14/2009 at the average price of 37.67, the price of the stock has increased by 6.34% since.
Erie Indemnity Company announced third quarter 2009 earnings of $39.7 million, or $0.69 per diluted share, compared to $4.2 million, or $0.07 per diluted share, from the third quarter of 2008. Operating income (excluding net realized gains or losses and impairments on investments and related taxes) increased to $38.2 million, or $0.66 per share, in the third quarter of 2009 from $31.1 million, or $0.54 per share, for the same period one year ago.
3. Edison International (EIX)
Edison International (EIX), which engages in the supply of electric energy in central, coastal, and southern California, increased its quarterly dividend by 1.6% to 31.5 cents per share. Edison International has increased its quarterly dividend since 2005.
Edison International is an international electric power generator, distributor and structured finance provider. Edison International is one of the industry leaders in privatized, deregulated and incentive-regulated markets and power generation. It is the parent company of Edison Mission Energy, Southern California Edison, Edison Capita, Edison Enterprises and Edison O&M Services. (Company Press Release) Edison International has a market cap of $11.52 billion; its shares were traded at around $35.36 with a P/E ratio of 10.8 and P/S ratio of 0.8. The dividend yield of Edison International stocks is 3.5%. Edison International had an annual average earning growth of 4.9% over the past 10 years.
George Soros bought 15,800 shares in the quarter that ended on 09/30/2009, which is 0.01% of the $4.41 billion portfolio of Soros Fund Management LLC. HOTCHKIS & WILEY owns 6,425,710 shares as of 09/30/2009, an increase of 11.72% from the previous quarter. This position accounts for 1.51% of the $14.26 billion portfolio of HOTCHKIS & WILEY Capital Management LLC. HOTCHKIS & WILEY owns 6,425,710 shares as of 09/30/2009, which accounts for 1.51% of the $14.26 billion portfolio of HOTCHKIS & WILEY Capital Management LLC. 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. Kenneth Fisher owns 172,384 shares as of 09/30/2009, which accounts for 0.02% of the $29.78 billion portfolio of Fisher Asset Management, LLC. David Dreman owns 8,349 shares as of 09/30/2009, which accounts for 0.01% of the $3.85 billion portfolio of Dreman Value Management. Charles Brandes owns 277,685 shares as of 09/30/2009, which accounts for 0.04% of the $21.32 billion portfolio of Brandes Investment.
Buy:: Vice President and Controller Mark Clarke bought 3,500 shares of EIX stock on 08/11/2009 at the average price of 31.6, the price of the stock has increased by 11.9% since. Sell:: Senior Vice President Barbara J Parsky sold 10,148 shares of EIX stock on 11/10/2009 at the average price of 34.03, the price of the stock has increased by 3.91% since. Sell:: Pres., So. Calif Edison Co. John R Fielder sold 15,000 shares of EIX stock on 08/25/2009 at the average price of 33.99, the price of the stock has increased by 4.03% since.
Edison International reported third quarter 2009 GAAP earnings of $1.23 per share, compared to $1.33 per share in the same quarter last year. Third quarter 2009 core earnings were $1.09 per share compared to $1.46 per share in the third quarter 2008.
4. DPL Inc. (DPL)
DPL Inc. (DPL), which operates as a regional electric energy company in the United States., increased its quarterly dividend by 6.10% to 30.25 cents per share. DPL Inc. has regularly raised distributions since 2003. The stock currently yields 4.10%.
DPL Inc. is a holding company. Its principal subsidiary is The Dayton Power and Light Company. The Dayton Power and Light Company sells electricity and natural gas to residential, commercial and governmental customers in West Central Ohio. Dpl Inc. has a market cap of $3.34 billion; its shares were traded at around $27.9 with a P/E ratio of 12.5 and P/S ratio of 2.1. The dividend yield of Dpl Inc. stocks is 4.1%. Dpl Inc. had an annual average earning growth of 2.2% over the past 10 years.
George Soros bought 12,900 shares in the quarter that ended on 09/30/2009, which is 0.01% of the $4.41 billion portfolio of Soros Fund Management LLC. John Hussman owns 300,000 shares as of 09/30/2009, which accounts for 0.15% of the $5.36 billion portfolio of Hussman Economtrics Advisors, Inc.
Buy:: President & CEO Paul M Barbas bought 6,000 shares of DPL stock on 12/17/2009 at the average price of 27.84, the price of the stock has increased by 0.22% since. Buy:: SVP, CFO & Treasurer Frederick J Boyle bought 10,500 shares of DPL stock on 12/16/2009 at the average price of 28.48, the price of the stock has decreased by 2.04% since. Buy:: SVP, Gen Counsel & Corp Dev Douglas C Taylor bought 3,700 shares of DPL stock on 12/08/2009 at the average price of 28.09, the price of the stock has decreased by 0.68% since. Buy:: SVP, Service Operations Scott J Kelly bought 1,700 shares of DPL stock on 11/10/2009 at the average price of 27.42, the price of the stock has increased by 1.75% since. Buy:: Sr VP and Chief Admin Officer Daniel J Mccabe bought 20,580 shares of DPL stock on 11/02/2009 at the average price of 25.51, the price of the stock has increased by 9.37% since. Sell:: Director Robert D Biggs sold 125,000 shares of DPL stock on 11/16/2009 at the average price of 27.68, the price of the stock has increased by 0.79% since.
5. Brandywine Realty Trust (BDN)
Brandywine Realty Trust (BDN), is a REIT which owns, develops and manages a primarily Class A, suburban and urban office portfolio aggregating 34.9 million square feet, including 25.6 million square feet which it owns on a consolidated basis. The company boosted its quarterly dividend by 50% to 15 cents per share. Brandywine Realty Trust is not a consistent dividend grower, as it cut its distributions from 44 to 10 cents earlier in 2009. The stock currently yields 3.90%.
Brandywine Realty Trust is a self-administered, self-managed and fully integrated Real Estate Investment Trust active in acquiring, developing, redeveloping, leasing and managing suburban office and industrial properties. The company's portfolio includes approximately 151 office properties and 28 industrial facilities. Certain of the Properties serve as flex facilities, accommodating office use, warehouse space and research and development activities. Brandywine Realty Trust has a market cap of $1.39 billion; its shares were traded at around $10.78 with a P/E ratio of 4.3 and P/S ratio of 2.3. The dividend yield of Brandywine Realty Trust stocks is 3.7%. Brandywine Realty Trust had an annual average earning growth of 4.4% over the past 10 years.
Buy:: Director Donald E Axinn bought 40 shares of BDN stock on 09/16/2009 at the average price of 11.35, the price of the stock has decreased by 5.02% since.
Brandywine Realty Trust announced its financial and operating results for the three and nine-month periods ended September 30, 2009. Net income allocated to common shares totaled $5.1 million or $0.04 per diluted share in the third quarter of 2009 compared to a net loss of ($0.5) million or ($0.01) per diluted share in the third quarter of 2008.
