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Guru Stocks Raising Dividends: National Bankshares, Mine Safety Appliances Company, FactSet Research Systems, NACCO Industries, Assurant Inc.

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This is the group of companies who raised their dividend during the week: National Bankshares Inc. (NKSH), Mine Safety Appliances Company (MSA), FactSet Research Systems Inc. (FDS), NACCO Industries Inc. (NC), and Assurant Inc. (AIZ).

National Bankshares Inc. (NKSH)

National Bankshares, Inc. is a bank holding company. National Bankshares Inc. has a market cap of $177.42 million; its shares were traded at around $25.59 with a P/E ratio of 12.13 and P/S ratio of 2.99. The company increased its semi-annual dividend by 7.3% to 44 cents/share. This was the tenth consecutive annual dividend increase for the company. The stock yields 3.10% and has a dividend payout ratio of less than 50%.

National Bankshares, Inc. announced net income of nearly $14.32 million for the year ended December 31, 2009. Net income for the year is 5.34% higher than the $13.59 million earned by the Company in 2008. National Bankshares, Inc. ended 2009 with total assets of nearly $982.37 million, an increase of 5.02% over the $935.37 million at December 31, 2008.

Director Mary G Miller bought Shares of NKSH stock.

Mine Safety Appliances Company (MSA)

MINE SAFETY APPLIANCES manufactures and sells products designed to protect the safety and health of workers throughout the world. Mine Safety Appliances Company has a market cap of $1 billion; its shares were traded at around $27.85 with a P/E ratio of 21.1 and P/S ratio of 1.09. The company increased its quarterly dividend to 25 cents per share, an increase of about 4% over its prior dividend in February of 24 cents. This was the thirty-eight consecutive annual dividend increase for this dividend champion. The stock yields 3.40%.

MSA announced that net sales for the first quarter of 2010 were $212.4 million compared with $218.2 million for the first quarter of 2009, a decrease of $5.8 million, or 3 percent. Net income for the first quarter of 2010 was $4.9 million, or 14 cents per basic share, a decrease of $2.3 million, or 32 percent, compared with $7.2 million, or 20 cents per basic share, for the same quarter last year.

Mine Safety Appliances Company is owned by Private Capital.

Chairman, 10% Owner John T Ryan Iii sold shares of MSA stock.

FactSet Research Systems Inc. (FDS)

FactSet Research Systems Inc. supplies global economic and financial data to analysts, investment bankers and other financial professionals. Factset Research Systems Inc. has a market cap of $3.22 billion; its shares were traded at around $69.08 with a P/E ratio of 23.34 and P/S ratio of 5.18. The company’s board of directors approved a 15% increase in the quarterly dividend to 23 cents/share. This is the eleventh consecutive annual dividend increase for this dividend achiever. The stock yields 1.20%.

FactSet Research Systems Inc. announced its results for the second quarter of fiscal 2010. For the quarter ended February 28, 2010, revenues were $157.3 million, up 0.5% compared to the prior year. Operating income for the second quarter increased to $54.5 million, an advance of 5% from $52.0 million in the same period of fiscal 2009. Net income rose to $36.1 million as compared to $34.6 million a year ago.

FactSet Research Systems Inc. is owned by George Soros, Chuck Akre, and John Hussman.

CEO & Chairman Philip A Hadley, Senior Vice President Kieran M. Kennedy, and Director Walter F Siebecker sold shares of FDS stock.

NACCO Industries Inc. (NC)

NACCO Industries, Inc. is a holding company which owns four principal operating subsidiaries: NACCO Materials Handling Group is a designer, manufacturer and marketer of forklift trucks; Hamilton Beach*Proctor-Silex is one of the largest full-line manufacturer and marketer of small electric kitchen appliances; North American Coal is engaged in the mining and marketing of lignite for use primarily as fuel for power generation; and Kitchen Collection is a specialty retailer of kitchenware, small electric appliances and related accessories. Nacco Industries Inc. has a market cap of $778.94 million; its shares were traded at around $93.51 with a P/E ratio of 25.83 and P/S ratio of 0.34. The Board of Directors increased its regular cash dividend from 51.75 cents to 52.25 cents per share. This dividend achiever has raised distributions for 25 consecutive years. The stock yields 2%.

NACCO Industries, Inc. announced consolidated net income of $11.7 million, or $1.40 per diluted share, for the first quarter of 2010 on revenues of $557.6 million compared with a consolidated net loss for the first quarter of 2009 of $9.1 million, or $1.10 per share, on revenues of $554.7 million.

NACCO Industries Inc. is owned by Kenneth Fisher.

Officer of a subsidiary James A Phillips bought shares of NC stock.

Member of a group Susan Sichel, Member of group/Sub Director Frank F Taplin, and Dir. and Member of a Group David F Taplin sold shares of NC stock.

Assurant Inc. (AIZ)

Assurant Inc is a premier provider of specialized insurance products and related services in North America and selected other international markets. Assurant Inc. has a market cap of $4 billion; its shares were traded at around $34.3 with a P/E ratio of 7.8 and P/S ratio of 0.46. The company raised distributions by 7% to 16 cents/share. This is the sixth consecutive annual dividend increase for the company. The stock yields 1.80%Assurant Inc. is owned George Soros, David Dreman, and NWQ Managers.

Assurant, Inc. reported results for the first quarter 2010. Net income for the first quarter 2010 increased 95 percent to $157.2 million, or $1.34 per diluted share, compared to first quarter 2009 net income of $80.6 million, or $0.68 per diluted share.

Director H Carroll Mackin bought shares of AIZ stock.

President & CIO, AAM Christopher J Pagano sold shares of AIZ stock.


Rating: 2.8/5 (4 votes)

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