Guru Stocks Raising Dividends: STAG, PCBK, NSP, SWY, NI
This is the group of companies who raised their dividend
during the week:
Stag Industrial ( STAG )
STAG Industrial Inc. operates as a real estate company focused on the acquisition, ownership and management of single-tenant industrial properties throughout the U.S. Stag Industrial has a market cap of $218.4 million; its shares were traded at around $13.66 with a P/E ratio of 13.66 and P/S ratio of 4.11. On May 16, the company increased its quarterly dividend 3.8% to $0.27 per share. The dividend is payable July 13, 2012 to all common stockholders of record on June 29, 2012. The yield based on the new payout is 7.7%.
John Keeley owns shares of STAG stock.
Chairman, CEO and President Benjamin S. Butcher , CFO, Executive Vice President and Treasurer Gregory W. Sullivan , and Director Larry T. Guillemette bought shares of STAG stock.
Pacific Continental ( PCBK )
Pacific Continental is a one-bank holding company. Their principal business activities are conducted through their full- service commercial bank subsidiary, Pacific Continental Bank. Pacific Continental has a market cap of $167.88 million; its shares were traded at around $9.11 with a P/E ratio of 25.31 and P/S ratio of 2.56. On May 16th the company increased its quarterly dividend 20% to $0.06 per share. The dividend is payable June 15, 2012, to shareholders of record on June 4, 2012. The yield based on the new payout is 2.7%.
Pacific Continental Corporation reported financial results for the first quarter 2012. Net income for first quarter 2012 was $2.7 million, up 87.4% over first quarter 2011.
CEO Hal Brown, CFO Michael Reynolds, Director Michael S. Holcomb bought shares of PCBK stock.
Insperity Inc. ( NSP )
Insperity Inc., formerly known as Administaff Inc. Insperity Inc. has a market cap of $643.24 million; its shares were traded at around $24.99 with a P/E ratio of 15.82 and P/S ratio of 0.33. On May 16 the company increased its quarterly dividend 13% to $0.17 per share. The dividend is payable on June 22, 2012, to all stockholders of record as of June 1, 2012. The yield based on the new payout is 2.6%.
Insperity Inc. reported results for the fourth quarter and year ended Dec. 31, 2011. For the fourth quarter, the company reported net income of $10.8 million, a 39.2% increase over the $7.8 million earned in the 2010 period. Diluted earnings per share increased 40.0% to $0.42 from $0.30 in the 2010 period. For the year ended Dec. 31, 2011, the company reported net income of $30.5 million, a 35.8% increase over the $22.4 million earned in 2010. Diluted earnings per share increased 34.9% to $1.16, compared to $0.86 in 2010.
Joel Greenblatt and Arnold Schneider own shares of NSP stock.
Chairman of the Board and CEO Paul J. Sarvadi, Senior Vice President Finance, CFO and Treasurer Douglas S. Sharp, and Executive Vice President of Sales & Marketing Jay E. Mincks sold shares of NSP stock.
Safeway Inc. ( SWY )
Safeway Inc. is a food and drug retailer in North America. Safeway Inc. has a market cap of $4.93 billion; its shares were traded at around $18.39 with a P/E ratio of 10.45 and P/S ratio of 0.11. On May 15 the company increased its quarterly dividend 21% to to $0.175 per share. The dividend is payable on July 12, 2012 to stockholders of record at the close of business on June 21, 2012. The yield based on the new payout is 3.7%.
Safeway Inc. reported income from continuing operations of $81.6 million ($0.30 per diluted share) for the first quarter of 2012 compared to $25.1 million ($0.07 per diluted share) in the first quarter of 2011.
Ray Dalio, Mario Gabelli, and Hotchkis & Wiley own shares of SWY stock.
Senior Vice President Donald P. Wright sold shares of SWY stock.
Nisource Inc. ( NI )
NiSource Inc., formerly NIPSCO Industries Inc., is an energy and utility-based holding company headquartered in Merrillville, Ind., that provides natural gas, electricity and water to the public for residential, commercial and industrial uses. Nisource Inc. has a market cap of $6.89 billion; its shares were traded at around $24.43 with a P/E ratio of 18.51 and P/S ratio of 1.15. On May 15 the company increased its quarterly dividend 4.3% to $0.24 per share. The dividend is payable Aug. 20, 2012, to stockholders of record at the close of business July 31, 2012. The yield based on the new payout is 3.8%.
NiSource Inc. announced net operating earnings from continuing operations (non-GAAP) of $214.5 million, or $0.76 cents per share for the three months ended March 31, 2012, compared to $206.6 million, or $0.74 cents per share for the first quarter of 2011. Operating earnings for the quarter (non-GAAP) were $435.5 million compared to $402.1 million for the same period in 2011.
Brian Rogers and Mario Gabelli own shares of NI stock.
Director Marty R. Kittrell and Senior Vice President Corporate Affairs Glen L. Kettering sold shares of NI stock.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .