Guru Stocks Raising Dividends: PNY, MLR, MAIN, GD, SPLS

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Mar 11, 2012
This is the group of companies who raised their dividend during the week: Piedmont Nat Ga, Miller Inds Inc, Main Street Cap, Genl Dynamics, and Staples Inc.

Piedmont Nat Ga (PNY, Financial)

Piedmont Natural Gas Co, Inc., is an energy and services company engaged in the transportation and sale of natural gas and the sale of propane to residential, commercial and industrial customers in North Carolina, South Carolina and Tennessee. Piedmont Nat Ga has a market cap of $2.29 billion; its shares were traded at around $32.32 with a P/E ratio of 20.2 and P/S ratio of 1.6. On March 8th the company increased its quarterly dividend 3.4% to $0.30 per share. The dividend is payable April 13, 2012, to shareholders of record at the close of business on March 23, 2012. The yield based on the new payout is 3.7%.

Piedmont Natural Gas announced results for its first fiscal quarter ended January 31, 2012. For the quarter, the Company reported net income of $76.2 million, or $1.05 per diluted share, compared to net income of $84.4 million, or $1.16 per diluted share for the same period in 2011.

Mario Gabelli owns shares of PNY stock.

Miller Inds Inc (MLR, Financial)

Miller Industries, Inc. is an integrated provider of vehicle towing and recovery equipment and services. Miller Inds Inc has a market cap of $175.2 million; its shares were traded at around $16.64 with a P/E ratio of 8.7 and P/S ratio of 0.6. On March 7th the company increased its quarterly dividend 8.3% to $0.13 per share. The dividend is payable on March 26, 2012, to shareholders of record at the close of business on March 19, 2012. The yield based on the new payout is 3.4%.

Miller Industries, Inc. announced financial results for the fourth quarter and year ended December 31, 2011. For the fourth quarter of 2011, net sales were $109.4 million, an increase of 37.3% compared with $79.7 million for the fourth quarter of 2010. Net income in the fourth quarter of 2011 was $4.9 million, or $0.43 per diluted share, an increase of 35.9% compared to net income of $3.6 million, or $0.30 per diluted share, in the prior year period.

HOTCHKIS & WILEY owns shares of MLR stock.

CEO & Vice Chairman Jeffrey I Badgley, Executive VP and CFO J Vincent Mish, and Chairman of the Board William G Miller sold shares of MLR stock.

Main Street Cap (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 Cap has a market cap of $629.9 million; its shares were traded at around $24.83 with a P/E ratio of 15 and P/S ratio of 17.3. On March 7th the company increased its monthly dividend 7.7% to $0.14 per share. The dividend is payable 4/16/2012 to shareholder of record on 3/21/2012. The yield based on the new payout is 6.9%.

Main Street Capital Corporation announced its financial results for the fourth quarter and full year ended December 31, 2011. For the fourth quarter of 2011, total investment income was $19.7 million, a 68% increase over the $11.7 million of total investment income for the corresponding period of 2010.

CEO Vincent D Foster, CFO and SMD Dwayne L. Hyzak, and Director Michael Jr Appling bought shares of MAIN stock.

Genl Dynamics (GD, Financial)

General Dynamics Corp.'s primary businesses focus is on shipbuilding and marine systems, business aviation, information systems, and land and amphibious combat systems. Genl Dynamics has a market cap of $25.92 billion; its shares were traded at around $71.78 with a P/E ratio of 10 and P/S ratio of 0.8. On March 7th the company increased its quarterly dividend 8.5% to $0.51 per share. The dividend is payable May 11, 2012, to shareholders of record on April 13. The yield based on the new payout is 2.9%.

Warren Buffett, Ken Fisher, and Jean-Marie Eveillard own shares of GD stock.

Vice President S. Daniel Johnson, Vice President and Controller Kimberly A Kuryea, and Director Robert Walmsley sold shares of GD 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 $10.75 billion; its shares were traded at around $15.4 with a P/E ratio of 11.1 and P/S ratio of 0.4. On March 6th the company increased its quarterly dividend 10% to $0.11 per share. The dividend is payable on April 12, 2012, to shareholders of record on March 23, 2012. The yield based on the new payout is 2.9%.

Staples, Inc. announced the results for its fourth quarter and fiscal year ended January 28, 2012. Total company sales for the fourth quarter of 2011 increased one percent to $6.5 billion compared to the fourth quarter of 2010. Net income for the fourth quarter of 2011 increased three percent year over year to $284 million.

Joel Greenblatt, Robert Olstein, and Ray Dalio own shares of SPLS stock.

Mario Gabelli sold out his holdings in the quarter that ended on 12/31/2011.

Chairman and CEO Ronald Sargent, Director Mary Elizabeth Burton, and Director Paul Walsh sold shares of SPLS stock.