Guru Stocks Raising Dividends: RLI Corp., Cardinal Health Inc., Franklin Electric Co. Inc., Talisman Energy Inc., Molson Coors Brewing Company
RLI Corp. (RLI)
RLI Corp., through its subsidiaries RLI Insurance Company, Mt. Rli Corp. has a market cap of $1.19 billion; its shares were traded at around $56.48 with a P/E ratio of 12.2 and P/S ratio of 2.2. The company raised its quarterly dividend from $0.28 to $0.29/share. This is the 36th consecutive annual dividend increase for this dividend champion. The stock yields 2.10%.
RLI Corp. reported first quarter 2010 operating earnings of $20.0 million ($0.94 per share), compared to $22.5 million ($1.03 per share) for the first quarter of 2009. Total assets for the first quarter ended March 31, 2009 were $2.6 billion compared to the $2.5 billion of the previous quarter.
RLI Corp. is owned by Tom Gayner and Robert Bruce.
Director Robert O Viets, Vice President General Counsel Daniel O Kennedy, and Director Jordan W Graham bought shares of RLI stock.
Director Gerald D Stephens and Director Richard H Blum sold shares of RLI stock.
Cardinal Health Inc. (CAH)
Cardinal Health, Inc. is one of the providers of products and services to healthcare providers and manufacturers to help them improve the efficiency and quality of healthcare. Cardinal Health Inc. has a market cap of $12.22 billion; its shares were traded at around $33.82 with a P/E ratio of 13.1 and P/S ratio of 0.1. The company raised its dividend by 11% to 21.50 cents/share. This dividend achiever has consistently raised distributions for 21 consecutive years. The stock yields 2.20%.
Cardinal Health reported on April 29, 2010 fiscal third-quarter revenue of $24.3 billion and non-GAAP diluted earnings per share (EPS) from continuing operations of $0.61. Third-quarter GAAP earnings from continuing operations were $225 million or $0.62 per share.
Cardinal Health Inc. is owned by David Dreman, George Soros, and Edward Owens.
Franklin Electric Company is the world's largest manufacturer of submersible electric motors and a producer of engineered specialty electric motor products and electronic controls used by original equipment manufacturers around the world, in a wide variety of residential, industrial and municipal applications. Franklin Electric Co. Inc. has a market cap of $751.2 million; its shares were traded at around $32.47 with a P/E ratio of 22.1 and P/S ratio of 1.3. The company’s Board boosted its quarterly dividend from $0.125 to $0.13/share. The company is a member of the dividend achievers index, having raised distributions for 18 consecutive years. The stock yields 1.40%.
Franklin Electric Co., Inc. reported first quarter 2010 diluted earnings per share of $0.31, an increase of 82 percent compared to 2009 first quarter earnings per share of $0.17. Earnings per share before restructuring charges were $0.37, an increase of 95 percent compared to the prior year. First quarter 2010 sales were $160.0 million, an increase of 7 percent compared to 2009 first quarter sales of $149.8 million.
Vice President Delancey W Davis and Director Howard B Witt sold shares of FELE stock.
Talisman Energy Inc. (TLM)
Talisman Energy Inc. is a global, diversified, upstream oil and gas company, which is engaged in the business of exploration, development, production and marketing of crude oil, natural gas and natural gas liquids. Talisman Energy Inc. has a market cap of $17.85 billion; its shares were traded at around $17.52 with a P/E ratio of 87.6 and P/S ratio of 2.6. The company raised its semi-annual dividend by 11% to 12.50 cents/share. This is the eighth consecutive annual dividend increase for this international dividend achiever. The stock yields 1.30%.
Talisman Energy Inc. reported its operating and financial results for the first quarter of 2010. Net income was $228 million compared to $455 million in the first quarter of 2009 and a loss of $111 million in the fourth quarter of 2009. Net debt at the end of March was $1.8 billion, compared to $2.1 billion at year end.
Talisman Energy Inc. is owned by NWQ Managers.
Molson Coors Brewing Company (TAP)
Molson Coors Brewing Company is world's fifth-largest global brewer. Molson Coors Brewing Company has a market cap of $6.96 billion; its shares were traded at around $42.7 with a P/E ratio of 11.7 and P/S ratio of 1.6. The Board of Directors increased the quarterly dividend on its Class A and Class B common shares by 16.7 percent, or $0.04, to $0.28 per share. This is the third consecutive annual dividend increase for the brewer since 2008. The stock yields 2.50%.
Molson Coors Brewing Company reported higher net income in the first quarter 2010 due to the favorable settlement of Brazil indemnity liabilities related to discontinued operations. Net income attributable to Molson Coors increased 38.2 percent to $104.6 million, driven by a gain of $42.6 million related to discontinued operations. Net sales for the first quarter totaled $1.7 billion.
Molson Coors Brewing Company is owned by Richard Aster Jr and George Soros.
CFO Stewart Glendinning bought shares of TAP stock.
Director Andrew Thomas Molson sold shares of TAP stock.