Guru Stocks Raising Dividends: DDR, EPHC, CVS, IP, ALX

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Jan 16, 2011
This is the group of companies who raised their dividend during the week: Developers Diversified Ralty, Epoch Hldg Cp, Cvs Caremark Cp, Intl Paper, and Alexanders Inc,

Developers Diversified Realty (DDR, Financial)

DEVELOPERS DIVERSIFIED REALTY is a self administered and self managed real estate investment trust engaged in acquiring, owning, developing, redeveloping, managing and operating shopping and business centers. Dev Diverfd Rlt has a market cap of $3.54 billion; its shares were traded at around $13.43 with a P/E ratio of 12.6 and P/S ratio of 4.2. On January 10th the company increased its quarterly 100% dividend to $0.04/share. The common dividend is payable April 5, 2011 to shareholders of record at the close of business on March 22, 2011. The ex-dividend date is March 18, 2011. The yield based on the new payout is 1.2%.

Dev Diverfd Rlt is owned by George Soros.

President & CEO Daniel B Hurwitz, Director Terrance R Ahern, and Director Craig Macnab sold shares of DDR.

Epoch Hldg Cp (EPHC, Financial)

Epoch Holding Corp conducts its operations through Epoch Investment Partners, Inc. Epoch Hldg Cp has a market cap of $371.9 million; its shares were traded at around $16.22 with a P/E ratio of 29.1 and P/S ratio of 7. On January 10th the company raised its quarterly dividend 20% to $0.06/share. The dividend is payable on February 11, 2011 to shareholders of record as of January 28, 2011. The ex-dividend date is January 26, 2011. The yield based on the new payout is 1.6%.

Epoch Holding Corp. filed a Quarterly Report for the period ended 2010-09-30. Operating revenues increased 31%, or $3.6 million, from the same period a year ago. Operating revenues increased by approximately 6%, or $0.8 million, compared with the previous quarter. The average assets under management for the three months ended September 30, 2010 was approximately $12.2 billion compared to approximately $8.8 billion for the three months ended September 30, 2009, an increase of 38%.

Epoch Hldg Cp is owned by Mario Gabelli and John Keeley.

CEO, 10% Owner William W Priest, CFO Adam Borak, and Senior Advisor J Philip Clark sold shares of EPHC.

Cvs Caremark Cp (CVS, Financial)

CVS/Caremark is the nation's premier integrated pharmacy services provider, combining one of the nation's pharmaceutical services companies with the country's largest pharmacy chain. Cvs Caremark Cp has a market cap of $47.29 billion; its shares were traded at around $35.08 with a P/E ratio of 12.9 and P/S ratio of 0.5. On January 11th the company increased its quarterly dividend 43% to $0.125/share. The dividend payable on Feb. 2 to shareholders of record on Jan. 21. The ex-dividend date is Jan. 19. The yield based on the new payout is 1.42%.

Cvs Caremark Cp is owned by Jean-Marie Eveillard, HOTCHKIS & WILEY, and Chris Davis.

Chairman of the Board and CEO Thomas M Ryan, President and COO Larry J Merlo, and SVP, Chief HR Officer Lisa Bisaccia sold shares of CVS stock.

Intl Paper (IP, Financial)

International Paper Co. is a global paper and forest products company thatis complemented by an extensive distribution system. Intl Paper has a market cap of $12.45 billion; its shares were traded at around $28.67 with a P/E ratio of 17.7 and P/S ratio of 0.5. On January 11th the company raised its quarterly dividend 50% to $0.1875/share. The dividend is payable March 15, 2011 to shareholders of record on February 15, 2011. The ex-dividend date is February 11, 2011. The yield based on the new payout is 2.7%.

Intl Paper is owned by David Tepper, Mario Gabelli, and Jean-Marie Eveillard.

Chairman and CEO John V Faraci, Senior Vice President Carol L Roberts, and Senior Vice President Mary A Laschinger sold shares of IP stock.

Alexanders Inc (ALX, Financial)

Alexander's, Inc. is a real estate investment trust engaged in leasing, managing, developing and redeveloping properties. Alexanders Inc has a market cap of $2.13 billion; its shares were traded at around $414.87 with a P/E ratio of 22.7 and P/S ratio of 9.5. On January 12th the company increased quarterly dividend 20% to $3.00/share. The dividend is a 20% increase from the current rate of $2.50. The increased dividend will be payable on February 22, 2011 to stockholders of record on January 28, 2011. The ex-dividend date is January 26, 2011. The yield based on the new payout is 3%.

ALEXANDER’S, INC. reported financial results for the third quarter 2010. Net income attributable to common stockholders for the quarter ended September 30, 2010 was $17.9 million, or $3.50 per diluted share, compared to $58.0 million, or $11.37 per diluted share, for the quarter ended September 30, 2009. Net income attributable to common stockholders and FFO for the quarters ended September 30, 2010 and 2009 include income of $5.1 million and $42.5 million, respectively, or $1.00 and $8.32 per diluted share, respectively, from the reversal of a portion of the liability for income taxes. Net income attributable to common stockholders and FFO for the quarter ended September 30, 2010 include a litigation loss accrual related to our Flushing property of $3.1 million, or $0.61 per diluted share.

Alexanders Inc is owned by Ron Baron.