Guru Stocks Raising Dividends: VFC, KMP, EV, SCL, SHEN

Author's Avatar
Nov 01, 2010
This is the group of companies who raised their dividend during the week: VF Corp., Eaton Vance Corp., Stepan Company, Kinder Morgan Energy Partners L.P., and Shenandoah Telecommunications Co

VF Corp. (VFC, Financial)

V.F. Corporation designs, manufactures and markets branded jeanswear, intimate apparel, children's playwear, occupational apparel, knitwear and other apparel. Vf Corp. has a market cap of $9.07 billion; its shares were traded at around $83.24 with a P/E ratio of 13.5 and P/S ratio of 1.3. The company increased its annual dividend by 3% to 33 cents/share. This company has raised distributions for 16 years in a row. Yield: 1.70%

VF Corporation announced record results for the third quarter of 2010. All per share amounts are presented on a diluted basis. Third quarter revenues rose 7% to $2,232.4 million from $2,093.8 million in the third quarter of 2009. On a constant currency basis, revenues increased 8%. Net income rose 11% to $242.8 million, while earnings per share increased 14% to $2.22. Operating income rose by 21%, with operating margins increasing by more than one full percentage point to nearly 24% in the quarter.

VF Corp. is owned by David Dreman, Richard Aster Jr, and Dodge & Cox.

Director George Fellows, VP and Treasurer Frank C Pickard Iii, and VP & President-International Karl Heinz Salzburger sold shares of VCF stock.

Kinder Morgan Energy Partners L.P. (KMP, Financial)

Kinder Morgan Energy Partners, L.P. serves as the sole general partner of a partnership formed to acquire, own and operate three pipeline systems used to transport natural gas liquids, refined petroleum products and carbon dioxide. Kinder Morgan Energy Partners L.p. has a market cap of $14.93 billion; its shares were traded at around $69.47 with a P/E ratio of 48.5 and P/S ratio of 2.2. The company’s board of directors increased the quarterly dividend 8.3% to 26 cents/share. This company has raised distributions for 43 years in a row. Yield: 1.60%

Kinder Morgan Energy Partners, L.P. increased its quarterly cash distribution per common unit to $1.09 ($4.36 annualized) payable on Aug. 13, 2010, to unitholders of record as of July 30, 2010. KMP reported second quarter distributable cash flow before certain items of $322.3 million, up 18 percent from $274.2 million for the comparable period last year. Distributable cash flow per unit before certain items was $1.06, up 7 percent from $0.99 per unit for the second quarter of 2009. Net income attributable to KMP before certain items was $365.3 million versus $325.8 million for the same period last year.

Kinder Morgan Energy Partners L.P. is owned by Kenneth Fisher, Richard Perry, and John Keeley.

Director Gary Hultquist sold shares of KMP stock.

Eaton Vance Corp. (EV, Financial)

Eaton Vance Corp.'s principal business is creating, marketing and managing investment funds and providing investment management and counseling services to institutions and individuals. Eaton Vance Corp. has a market cap of $3.37 billion; its shares were traded at around $28.77 with a P/E ratio of 20.6 and P/S ratio of 3.7. The company’s board of directors approved a 12.5% increase in its quarterly dividend to 18 cents/share. This is the 30th consecutive annual dividend increase for this company. Yield: 2.40%

Eaton Vance Corp. is owned by Ron Baron, Mario Gabelli, and Kenneth Fisher.

CEO Thomas E Jr Faust, Executive Vice President Duncan W Richardson, and Chief Administrative Officer Jeffrey P Beale sold shares of EV stock.

Stepan Company (SCL, Financial)

Stepan Company produces specialty and intermediate chemicals which are sold to other manufacturers and then made into a variety of end products. Stepan Company has a market cap of $664.3 million; its shares were traded at around $67.44 with a P/E ratio of 11.2 and P/S ratio of 0.5. The company’s board of directors increased the quarterly dividend 8.3% to 26 cents/share. This company has raised distributions for 43 years in a row. Yield: 1.60%

Vice President, Supply Chain Scott C Mason bought shares of SCl stock.

VP, Gen'l Counsel & Secretary H Edward Wynn and VP/GM Surfactants John V Venegoni sold shares of SCL stock.

Shenandoah Telecommunications Co (SHEN, Financial)

Shenandoah Telecommunications Company is a holding company which provides a broad range of telecommunications services through its operating subsidiaries. Shenandoah Telecommunications Co has a market cap of $432 million; its shares were traded at around $18.25 with a P/E ratio of 18.3 and P/S ratio of 2.7. The company increased its annual dividend by 3% to 33 cents/share. This company has raised distributions for 16 years in a row. Yield: 1.70%

KMP reported second quarter distributable cash flow before certain items of $322.3 million, up 18 percent from $274.2 million for the comparable period last year. Distributable cash flow per unit before certain items was $1.06, up 7 percent from $0.99 per unit for the second quarter of 2009. Net income attributable to KMP before certain items was $365.3 million versus $325.8 million for the same period last year. Revenues for the second quarter of 2010 were $42.29 million, compared to $40.14 million for the same period of 2009.

Shenandoah Telecommunications Co is owned Tweedy Browne.

Director W Flora John, VP - Sales William L Pirtle, and Director John Jonelle St bought shares of SHEN stock.