Guru Stocks Raising Dividends: ITC, PCBK, ATRI, NDSN

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Aug 22, 2011
These are Guru Stocks Raised Dividends recently:ITC Holdings (ITC, Financial)


ITC Holdings Corp. (ITC), through its subsidiaries, engages in the transmission of electricity in the United States. August 17, the company increased its quarterly dividend 5.2% to $0.3525 per share. The dividend is payable on Sept. 15, 2011 to shareholders of record on Sept. 1, 2011. The yield based on the new payout is 1.9%.


ITC Holdings Corp. is in the business of electricity transmission infrastructure improvements as a means to improve electric reliability, reduce congestion and lower the overall cost of delivered energy. ITC Holdings has a market cap of $3.61 billion; its shares were traded at around $71.23 with a P/E ratio of 22.83 and P/S ratio of 5.18. The dividend yield of ITC Holdings stocks is 1.89%. ITC Holdings had an annual average earnings growth of 26.2% over the past five years.


Tom Gayner, George Soros, Ron Baron and John Keeley own this stock.


President and CEO Joseph L. Welch, Executive Vice President and Chief Business Officer Linda H. Blair, Senior Vice President and General Counsel Daniel J. Oginsky, and Senior Vice President and President ITC Grid Development Edward M. Rahill sold the company’s stock in recent months.


Pacific Continental Corp. (PCBK, Financial)


Pacific Continental Corporation (PCBK) operates as the bank holding company for Pacific Continental Bank that provides commercial banking services primarily in Oregon and Washington. August 17, the company tripled its quarterly dividend to $0.03 per share. The dividend is payable Sept. 15, 2011, to shareholders of record on Sept. 5, 2011. The yield based on the new payout is 1.5%.


Pacific Continental Corp. is a one-bank holding company. Their principal business activities are conducted through their full-service commercial bank subsidiary, Pacific Continental Bank. Pacific Continental Corp. has a market cap of $149.26 million; its shares were traded at around $7.72 with a P/E ratio of 24.55 and P/S ratio of 2.19. The dividend yield of Pacific Continental Corp. stocks is 0.49%.


CFO Michael Reynolds and Director Michael S. Holcomb bought shares of PCBK in recent months.


Atrion Corp. (ATRI, Financial)


Atrion Corporation (ATRI) develops and manufactures ophthalmology, cardiovascular and fluid delivery devices primarily for medical applications in the United States and internationally. August 16, the company increased it quarterly dividend 17% to $0.49 per share. The dividend is payable on Sept. 30, 2011, to stockholders of record at the close of business on Sept. 15, 2011. The yield based on the new payout is 1.0%.


Atrion Corporation AlaTenn is a diversified holding co. with two lines of business: energy — natural gas transmission and marketing, primarily through the provision of natural gas service in the lower Tennessee Valley area, and the manufacture of products for the health care industry. Atrion Corp. has a market cap of $401.51 million; its shares were traded at around $192.88 with a P/E ratio of 16.42 and P/S ratio of 3.7. The dividend yield of Atrion Corp. stocks is 0.84%. Atrion Corp. had an annual average earnings growth of 21.4% over the past 10 years. GuruFocus rated Atrion Corp. the business predictability rank of 4.5-star.


Nordson Corp. (NDSN, Financial)


Nordson Corporation (NDSN) manufactures equipment used for precision dispensing, testing and inspection, and surface preparation and curing. August 16, the company increased its quarterly dividend 19% to $0.125 per share. The dividend is payable on Sept. 13, 2011 to shareholders of record as of the close of business on Aug. 30, 2011. The yield based on the new payout is 1.1%.


Nordson Corporation is one of the world's producers of precision dispensing equipment that applies adhesives, sealants and coatings to a broad range of consumer and industrial products during manufacturing operations. Nordson Corp. has a market cap of $3.01 billion; its shares were traded at around $39.31 with a P/E ratio of 14.69 and P/S ratio of 2.89. The dividend yield of Nordson Corp. stocks is 0.95%. Nordson Corp. had an annual average earnings growth of 12.8% over the past 10 years. GuruFocus rated Nordson Corp. the business predictability rank of 3.5-star.


Joel Greenblatt, Ron Baron, Mario Gabelli own shares of this stock.


Director David W. Ignat and Senior Vice President Peter Lambert sold shares of NDSN stock in the recent months.