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Guru Stocks Raising Dividends: Omega Healthcare Investors Inc., Spectra Energy Partners LP, Oneok Partners L.P., ONEOK Inc., and Enterprise Bancorp Inc.

February 02, 2010 | About:
gurujk

gurujk

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This is the group of companies who raised their dividend during the week: Omega Healthcare Investors Inc. (OHI), Spectra Energy Partners LP (SEP), Oneok Partners L.P. (OKS), ONEOK Inc. (OKE), and Enterprise Bancorp Inc (EBTC).

1. Omega Healthcare Investors Inc. (OHI)

Omega Healthcare Investors, Inc. (OHI), a self-administered real estate investment trust (REIT), which invests primarily in long-term healthcare facilities in the United States, increased its quarterly dividend by 6.70% to 32 cents per share. This is the first increase for the company since 2008. Omega Healthcare Investors, Inc. has increased its quarterly dividend in each of the past six years. The company had previously eliminated distributions for 2001 and 2002. The stock currently yields 6.00%. Omega Healthcare Investors Inc. has a market cap of $1.61 billion; its shares were traded at around $18.86 with a P/E ratio of 12.7 and P/S ratio of 8.3. The dividend yield of Omega Healthcare Investors Inc. stocks is 6.8%. Omega Healthcare Investors Inc. had an annual average earning growth of 2.7% over the past 5 years.

Omega Healthcare Investors, Inc. announced its results of operations for the quarter ended September 30, 2009. Reported Funds From Operations ("FFO") available to common stockholders for the three months ended September 30, 2009 of $30.0 million or $0.36 per common share. The Company reported net income of $21.1 million, net income available to common stockholders of $18.9 million, or $0.22 per diluted common share on operating revenues of $49.8 million. This compares to net income of $28.1 million, net income available to common stockholders of $25.6 million, or $0.33 per diluted common share on operating revenues of $60.0 million for the same period in 2008.

Sales were made by Chief Accounting Officer Michael Ritz and Director Edward Lowenthal

Enterprise Bancorp, Inc. (EBTC), which operates as the holding company for Enterprise Bank and Trust Company that provides various banking products and services, increased its quarterly dividend by 5.30% to 10 cents per share. Enterprise Bancorp, Inc. has increased its dividends for 15 years in a row. However the company has been publicly traded only since 2005. The stock currently yields 3.70%. Enterprise Bancorp Inc has a market cap of $88.6 million; its shares were traded at around $10.75 with a P/E ratio of 11.2 and P/S ratio of 1.2. The dividend yield of Enterprise Bancorp Inc stocks is 3.6%.

Buys were made recently by CEO John P Jr Clancy, EVP & CFO James A Marcotte, Director Nancy L Donahue, Director Carol L Reid, Director John R Clementi, Director James F Conway III, and Director Ken S Ansin.

3.Oneok Partners L.P. (OKS)

ONEOK Partners, L.P. (OKS), which engages in the ownership and management of natural gas gathering, processing, storage, and interstate and intrastate pipeline assets, as well as natural gas liquids (NGLs) gathering and distribution pipelines, increased its quarterly distribution $1.10 per unit. This master limited partnership has increased its quarterly distributions in each of the past five consecutive years. The units currently yield 6.80%. Oneok Partners L.p. has a market cap of $5.82 billion; its shares were traded at around $60.4 with a P/E ratio of 16.1 and P/S ratio of 0.8. The dividend yield of Oneok Partners L.p. stocks is 7.3%. Oneok Partners L.p. had an annual average earning growth of 2.8% over the past 10 years.

ONEOK Partners, L.P. announced third-quarter 2009 earnings of $1.00 per unit, compared with $1.97 per unit for the third quarter 2008. Net income attributable to ONEOK Partners was $121.5 million in the third quarter 2009, compared with $203.9 million in the same period in 2008.

Stocks were bought by Director Shelby Odell.

4. Oneok Inc. (OKE)

Oneok, Inc. (OKE), which engages in the purchase, transportation, storage, and distribution of natural gas in the United States and Canada, increased its quarterly dividend by 4.80% to 44 cents per share. Oneok, Inc. is a general partner of Oneok Partners L.P. (OKS) and has raised dividends for 8 consecutive years. The stock currently yields 3.70%.

Oneok, Inc. is engaged in several aspects of the energy business. The company purchases, gathers, compresses, transports, stores, and distributes natural gas. It also leases pipeline capacity to others. The company drills for and produces oil and gas, extracts and sells natural gas liquids, and is engaged in the gas marketing business. Oneok Inc. has a market cap of $4.57 billion; its shares were traded at around $43.3 with a P/E ratio of 16.5 and P/S ratio of 0.3. The dividend yield of Oneok Inc. stocks is 4.1%. Oneok Inc. had an annual average earning growth of 7.3% over the past 10 years. GuruFocus rated Oneok Inc. the business predictability rank of 2.5-star.

ONEOK Inc. is owned by 2 Gurus- George Soros and David Dreman.

Stocks were bought by President James C Kneale, Director David L Kyle, Director Pattye L Moore, and COO James C Kneale.

5. Spectra Energy Partners LP (SEP)

Spectra Energy Partners, LP (SEP), which engages in the transportation of natural gas through interstate pipeline systems, and the storage of natural gas in underground facilities in the United States, increased its quarterly dividend from 40 to 41 cents per unit. This is the ninth consecutive quarterly distribution increase for Spectra Energy Partners, LP since it went public in 2007. This master limited partnership currently yields 5.30%. The company is one of the largest operators of natural gas pipelines and storage facilities in North America. Spectra Energy Partners Lp has a market cap of $1.78 billion; its shares were traded at around $30.29 with a P/E ratio of 18.2 and P/S ratio of 14.2. The dividend yield of Spectra Energy Partners Lp stocks is 5.3%.

Spectra Energy Partners LP said its profit rose in the third quarter due to acquisitions and expansion projects. The company said it earned $40.4 million, or 48 cents per unit, compared with $24.3 million, or 34 cents per unit, in the same quarter a year ago.


Rating: 3.3/5 (4 votes)

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