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Guru Stocks Raising Dividends: Duke Energy Corp., PETsMART Inc., Darden Restaurants Inc., Peoples Financial Corp., Best Buy Co. Inc.

July 03, 2010 | About:
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This is the group of companies who raised their dividend during the week: Duke Energy Corp., PETsMART Inc., Darden Restaurants Inc., Peoples Financial Corp., and Best Buy Co. Inc.

Duke Energy Corp. (DUK)

Duke Energy Corporation is an integrated energy and energy services provider with the ability to offer physical delivery and management of both electricity and natural gas throughout the U. Duke Energy Corp. has a market cap of $21.09 billion; its shares were traded at around $16.06 with a P/E ratio of 12.4 and P/S ratio of 1.7. On June 22nd the company raised its quarterly dividend to $0.245/share. The dividend is payable on September 16, 2010, to shareholders of record at the close of business Aug. 13, 2010. The yield based on the new payout is 6.00%.

Duke Energy Corp. is owned by Brian Rogers, Dodge & Cox, and James Barrow.

GrpExec,ChiefLegalOffr&CorpSec Marc E Manly, GrpExec&Pres-Commer Businesses Keith Trent, Grp Exec,ChfGenOffr&ChfNucOffr Dhiaa M. Jamil sold shares of DUK stock.

PETsMART Inc. (PETM)

PETSMART, INC. is a operator of superstores specializing in pet food, supplies and services in the United States. Petsmart Inc. has a market cap of $3.62 billion; its shares were traded at around $30.04 with a P/E ratio of 17.7 and P/S ratio of 0.7. On June 21st the company increased its quarterly dividend 25% to $0.125/share. The dividend is payable on August 13, 2010, to stockholders of record at the close of business on July 30, 2010. The yield based on the new payout is 1.25%.

PETsMART reported operationg results for the thirteen weeks ended May 2, Net sales increased $0.1 billion, or 5.1%, to $1.4 billion for the thirteen weeks ended May 2, 2010, compared to $1.3 billion for the thirteen weeks ended May 3, 2009. In the thirteen weeks ended May 2, 2010, the $33.8 million income tax expense represents an effective tax rate of 38.4%, compared with the thirteen weeks ended May 3, 2009, when we had income tax expense of $29.7 million, which represented an effective tax rate of 39.7%.

PETsMART Inc. is owned by John Keeley, Richard Aster Jr, and Robert Olstein.

President & CEO Robert F Moran, SVP Real Estate & Development Jaye D Perricone, and SVP Real Estate & Development Jaye D Perricone sold shares of PETM stock.

Darden Restaurants Inc. (DRI)

Darden Restaurants, Inc. is the world's largest casual dining restaurant company based on market share, sales and number of company-owned and operated restaurants. Darden Restaurants Inc. has a market cap of $5.41 billion; its shares were traded at around $38.48 with a P/E ratio of 13.2 and P/S ratio of 0.8. On June 23rd the company increased its quarterly dividend 28% to $0.32/share. The dividend is payable on August 2, 2010, to stockholders of record at the close of business on July 9, 2010. The yield based on the new payout is 3.22%.

[img]file:///C:/Users/eric/AppData/Local/Temp/msohtmlclip1/02/clip_image001.gif[/img]Darden Restaurants has reported net earnings of $115.6 million, or $0.80 per diluted share, for the fourth quarter ended May 30, 2010, compared to $123 million, or $0.87 per diluted share, for the fourth quarter ended May 30, 2009. Sales for the fourth quarter of fiscal 2010 were $1.86 billion, compared to $1.97 billion for the fourth quarter of fiscal 2009.

Darden Restaurants Inc. is owned David Dreman, Kenneth Fisher, Richard Snow.

Chairman, CEO Clarence Jr Otis, CFO, SVP C Bradford Richmond, and President, COO Andrew H Madsen bought shares of DRI stock.

Peoples Financial Corp. (PFBX)

Peoples Financial Corp.'s wholly-owned subsidiary, The Peoples Bank, offers a variety of loan and deposit services to individuals and small to middle market businesses within its trade area. Peoples Financial Corp. has a market cap of $58.2 million; its shares were traded at around $11.29 with a P/E ratio of 24.6 and P/S ratio of 1.3. On June 23rd the company raised its semiannual dividend 10% $0.11/share. The dividend is payable July 16, 2010, to stockholders of record July 9, 2010. The ex-dividend date is July 7, 2010. The yield based on the new payout is 1.92%.

Peoples Financial Corporation earned $871,000 in the first quarter of 2010. Earnings per share totaled $.17 per weighted average share for the first quarter of 2010, down from $.33 per share for the same period last year.

Best Buy Co. Inc. (BBY)

Best Buy operates in a single business segment, selling personal computers and other home office products, consumer electronics, entertainment software, major appliances and related accessories principally through its retail stores. Best Buy Co. Inc. has a market cap of $14.29 billion; its shares were traded at around $33.86 with a P/E ratio of 11 and P/S ratio of 0.3. On June 24th the company increased its quarterly dividend 7% to $0.15/share. The dividend is payable on Oct. 26, 2010, to shareholders of record as of Oct. 5, 2010. The yield based on the new payout is 1.67%.

Best Buy reported revenues for its fiscal first quarter to 29 May up 7 percent year-on-year to USD 10.8 billion. Net profit was roughly flat year-on-year at USD 155 million or 36 cents a share.

Best Buy Co. Inc. is owned by Richard Snow, David Dreman, and Mark Hillman.

CEO Brian J Dunn sold shares of BBY stock.

Director Lisa Caputo, Director Khosla Sanjay, and Director Rogelio Rebolledo bought shares of BBY stock.


Rating: 3.8/5 (5 votes)

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