Guru Stocks Raising Dividends: EPR, CODI, WWVY, MAIN, SPLS

Author's Avatar
Mar 16, 2011
This is the group of companies who raised their dividend during the week:


Entertainment Properties (EPR, Financial)


Entertainment Properties Trust is a Real Estate Investment Trust whose principal business strategy is to acquire and develop a diversified portfolio of high-quality properties leased to entertainment-related business operators. Entertainment Properties has a market cap of $2.16 billion; its shares were traded at around $46.47 with a P/E ratio of 13.9 and P/S ratio of 6.9. On March 10th the company increased its quarterly dividend 8% to $0.70/share. The dividend is payable April 15, 2011 to shareholders of record on March 31, 2011. The yield based on the new payout is 6.0%.




Entertainment Properties Trust announced operating results for the fourth quarter and year ended December 31, 2010. Total revenue was $81.6 million for the fourth quarter of 2010 compared to $66.6 million for the same quarter in 2009. Net income available to common shareholders was $26.7 million, or $0.57 per diluted common share, for the fourth quarter of 2010 compared to $6.7 million, or $0.17 per diluted common share, for the same quarter in 2009.


Chris Davis owns shares as of 12/31/2010, an increase of 10.71% from the previous quarter. This position accounts for 0.16% of the $58.28 billion portfolio of Davis Selected Advisers.


VP and CFO Mark Alan Peterson and Vice President - Finance Michael L Hirons sold shares of EPR stock.


Compass Diversified Holdings (CODI, Financial)


COMPASS DIVERSIFIED was formed to acquire and manage a group of middle market businesses that are headquartered in North America. Compass Diversified Holdings has a market cap of $702.3 million; its shares were traded at around $15.21 with a P/E ratio of 22.4 and P/S ratio of 0.4. On March 10th the company increased its quarterly dividend 6% to to $0.36/share. The distribution is payable on April 12, 2011 to all holders of record as of March 29, 2011. The yield based on the new payout is 9.8%.




Compass Diversified Holdings announced today its consolidated operating results for the three and twelve months ended December 31, 2010. Net income for the quarter ended December 31, 2010 was $0.7 million, as compared to a net loss of $0.1 million for the quarter ended December 31, 2009. CODI reported a net loss for the year ended December 31, 2010 of $44.8 million, as compared to a net loss of $39.6 million for the prior year period.


Warwick Valley Telephone Company (WWVY, Financial)


WARWICK VALLEY TELEPHONE CO. is an independent telephone company with 13,506 access lines in New York State and 8,286 in New Jersey at December 31, 1995. Warwick Valley Telephone Company has a market cap of $83.5 million; its shares were traded at around $15.4 with and P/S ratio of 3.5. On March 10th the company increased its quarterly dividend 8% to $0.26/share. The dividend is payable on March 31, 2011 to shareholders of record as of March 21, 2011. The yield based on the new payout is 6.9%.


Michael Price owns 10,568 shares as of 12/31/2010, which accounts for 0.02% of the $593 million portfolio of MFP Investors LLC.


Director Douglas Benedict sold shares of WWVY stock.


Main Street Captial Corp. (MAIN, Financial)


Main Street Capital Corporation is a specialty investment company providing customized financing solutions to lower middle market companies which operate in diverse industry sectors. Main Street Captial Corp. has a market cap of $362.8 million; its shares were traded at around $19.39 with a P/E ratio of 16.9 and P/S ratio of 22.7. On March 9th the company increased its monthly dividend 4% to $0.13/share. The dividend is payable on April 15, 2011, to shareholders of record on March 24, 2011. The yield based on the new payout is 8.1%.




Main Street Capital Corporation announced today its financial results for the fourth quarter and full year ended December 31, 2010. Distributable net investment income, which is net investment income before non-cash, share-based compensation expense, increased 150% to $7.0 million, or $0.36 per share, in the fourth quarter of 2010 compared with $2.8 million, or $0.26 per share, in the corresponding period of 2009.




CEO Vincent D Foster bought shares of MAIN stock.




Senior Vice President Curtis L. Hartman sold shares of MAIN stock.


Staples Inc. (SPLS, Financial)


Staples.com is creating a business-to-business electronic marketplace offering a comprehensive solution for all of the officeneeds of business customers. Staples Inc. has a market cap of $14.62 billion; its shares were traded at around $20.22 with a P/E ratio of 15.8 and P/S ratio of 0.6. March 8th the company increased its quarterly dividend 11% to $0.10/share. The dividend is payable on April 14, 2011, to shareholders of record on March 25, 2011. The yield based on the new payout is 2.0%.




Staples, Inc. announced today the results for its fourth quarter and fiscal year ended January 29, 2011. Total company sales for the fourth quarter of 2010 increased slightly to $6.4 billion compared to the fourth quarter of 2009. Net income for the fourth quarter of 2010 increased 17 percent year over year to $275 million, and diluted earnings per share, on a GAAP basis, increased 19 percent to $0.38 from the $0.32 achieved in the fourth quarter of last year.


George Soros, Mario Gabelli, and Arnold Van Den Berg owns shares of SPLS stock35,200 shares as of 12/31/2010, an increase of 16.17% from the previous quarter. This position accounts for 0.01% of the $7.69 billion portfolio of Soros Fund Management LLC.


Director Robert Nakasone sold shares of SPLS stock.