This is the group of companies who raised their dividend during the week:
Dow Chemical (DOW, Financial)
Dow Chemical Company is a science and technology company that provides innovative chemical, plastic and agricultural products and services to many essential consumer markets. Dow Chemical has a market cap of $39.62 billion; its shares were traded at around $33.19 with a P/E ratio of 13.2 and P/S ratio of 0.7. On April 12 the company increased its quarterly dividend 28% to $0.32 per share. The dividend is payable on July 30, 2012 to shareholders of record on June 29, 2012. The yield based on the new payout is 3.9%.
Charles Brandes and Mario Gabelli own shares of DOW stock.
Director Paul Polman, Executive Vice President and CIO David E. Kepler, and Executive Vice President Carol A. Dudley-Williams sold shares of DOW stock.
Teekay Offshore (TOO, Financial)
Teekay Offshore Partners LP is a publicly traded master limited partnership formed by Teekay and is an international provider of marine transportation and storage services to the offshore oil industry. Teekay Offshore has a market cap of $2.08 billion; its shares were traded at around $29.08 with a P/E ratio of 17.6 and P/S ratio of 2.2. On April 12, the partnership increased its quarterly distribution 2.5% to $0.5125 per unit. The cash distribution is payable on May 14, 2012 to all unitholders of record on April 23, 2012. The yield based on the new payout is 7.1%.
Teekay Offshore reported the Partnership's results for the quarter ended Dec. 31, 2011. During the fourth quarter of 2011, the Partnership generated distributable cash flow of $41.6 million, compared to $26.9 million in the same period of the prior year.
John Keeley owns shares of TOO stock.
Targa Resources (TRGP, Financial)
Targa Resources Corp owns general and limited partner interests in Targa Resources Partners LP, engaged in providing midstream natural gas and natural gas liquid services in the United States. Targa Resources has a market cap of $1.94 billion; its shares were traded at around $45 with a P/E ratio of 48.8 and P/S ratio of 0.3. On April 11th the company increased its quarterly dividend 9% to $0.3650 per share. The dividend is payable on May 16, 2012 on all shareholders of record as of the close of business on April 23, 2012. The yield based on the new payout is 3.2%.
Targa Resources Partners LP reported fourth quarter and full year 2011 results. Fourth quarter 2011 net income attributable to Targa Resources Partners was $75.5 million compared to $35.9 million for the fourth quarter of 2010. The income per basic and diluted limited partner unit was $0.75 in the fourth quarter of 2011 compared to $0.39 for the fourth quarter of 2010.
Ron Baron owns shares of TRGP stock.
Idex Corp. (IEX, Financial)
Idex Corp. designs, manufactures and markets a broad range of fluid handling and industrial products serving a diverse customer base in the United States and, internationally. Idex Corp. has a market cap of $3.51 billion; its shares were traded at around $40.73 with a P/E ratio of 16.4 and P/S ratio of 1.9. On April 10, the company increased its quarterly dividend 18% to $0.20 per common share. The dividend is payable April 30, 2012 to shareholders of record as of April 20, 2012. The yield based on the new payout is 2.0%.
Idex Corp. announced its financial results for the three- and twelve-month periods ended Dec. 31, 2011. Sales in the fourth quarter of $214 million reflected an 8% increase (all organic) compared to the fourth quarter of 2010.
Ruane Cunniff, Mario Gabelli, and John Rogers own shares of IEX stock.
Vice President Business Development Daniel J. Salliotte, Vice President General Counsel and Secretary Frank J. Notaro, and Vice President Group Executive Kevin G. Hostetler sold shares of IEX stock.
Plains All Amer (PAA, Financial)
Plains All American Pipeline LP is engaged in interstate and intrastate marketing, transportation and terminalling of crude oil. Plains All Amer has a market cap of $12.4 billion; its shares were traded at around $79.19 with a P/E ratio of 15.3 and P/S ratio of 0.4. On April 10, the company increased its quarterly distribution 2% to $1.045 per unit. The distribution is payable May 15, 2012, to holders of record of such units at the close of business on May 4, 2012. The yield based on the new payout is 5.4%.
John Keeley owns shares of PAA stock.
Executive Vice President Phil D. Kramer and Vice President and Secretary Tim Moore sold shares of PAA stock.
Dow Chemical (DOW, Financial)
Dow Chemical Company is a science and technology company that provides innovative chemical, plastic and agricultural products and services to many essential consumer markets. Dow Chemical has a market cap of $39.62 billion; its shares were traded at around $33.19 with a P/E ratio of 13.2 and P/S ratio of 0.7. On April 12 the company increased its quarterly dividend 28% to $0.32 per share. The dividend is payable on July 30, 2012 to shareholders of record on June 29, 2012. The yield based on the new payout is 3.9%.
Charles Brandes and Mario Gabelli own shares of DOW stock.
Director Paul Polman, Executive Vice President and CIO David E. Kepler, and Executive Vice President Carol A. Dudley-Williams sold shares of DOW stock.
Teekay Offshore (TOO, Financial)
Teekay Offshore Partners LP is a publicly traded master limited partnership formed by Teekay and is an international provider of marine transportation and storage services to the offshore oil industry. Teekay Offshore has a market cap of $2.08 billion; its shares were traded at around $29.08 with a P/E ratio of 17.6 and P/S ratio of 2.2. On April 12, the partnership increased its quarterly distribution 2.5% to $0.5125 per unit. The cash distribution is payable on May 14, 2012 to all unitholders of record on April 23, 2012. The yield based on the new payout is 7.1%.
Teekay Offshore reported the Partnership's results for the quarter ended Dec. 31, 2011. During the fourth quarter of 2011, the Partnership generated distributable cash flow of $41.6 million, compared to $26.9 million in the same period of the prior year.
John Keeley owns shares of TOO stock.
Targa Resources (TRGP, Financial)
Targa Resources Corp owns general and limited partner interests in Targa Resources Partners LP, engaged in providing midstream natural gas and natural gas liquid services in the United States. Targa Resources has a market cap of $1.94 billion; its shares were traded at around $45 with a P/E ratio of 48.8 and P/S ratio of 0.3. On April 11th the company increased its quarterly dividend 9% to $0.3650 per share. The dividend is payable on May 16, 2012 on all shareholders of record as of the close of business on April 23, 2012. The yield based on the new payout is 3.2%.
Targa Resources Partners LP reported fourth quarter and full year 2011 results. Fourth quarter 2011 net income attributable to Targa Resources Partners was $75.5 million compared to $35.9 million for the fourth quarter of 2010. The income per basic and diluted limited partner unit was $0.75 in the fourth quarter of 2011 compared to $0.39 for the fourth quarter of 2010.
Ron Baron owns shares of TRGP stock.
Idex Corp. (IEX, Financial)
Idex Corp. designs, manufactures and markets a broad range of fluid handling and industrial products serving a diverse customer base in the United States and, internationally. Idex Corp. has a market cap of $3.51 billion; its shares were traded at around $40.73 with a P/E ratio of 16.4 and P/S ratio of 1.9. On April 10, the company increased its quarterly dividend 18% to $0.20 per common share. The dividend is payable April 30, 2012 to shareholders of record as of April 20, 2012. The yield based on the new payout is 2.0%.
Idex Corp. announced its financial results for the three- and twelve-month periods ended Dec. 31, 2011. Sales in the fourth quarter of $214 million reflected an 8% increase (all organic) compared to the fourth quarter of 2010.
Ruane Cunniff, Mario Gabelli, and John Rogers own shares of IEX stock.
Vice President Business Development Daniel J. Salliotte, Vice President General Counsel and Secretary Frank J. Notaro, and Vice President Group Executive Kevin G. Hostetler sold shares of IEX stock.
Plains All Amer (PAA, Financial)
Plains All American Pipeline LP is engaged in interstate and intrastate marketing, transportation and terminalling of crude oil. Plains All Amer has a market cap of $12.4 billion; its shares were traded at around $79.19 with a P/E ratio of 15.3 and P/S ratio of 0.4. On April 10, the company increased its quarterly distribution 2% to $1.045 per unit. The distribution is payable May 15, 2012, to holders of record of such units at the close of business on May 4, 2012. The yield based on the new payout is 5.4%.
John Keeley owns shares of PAA stock.
Executive Vice President Phil D. Kramer and Vice President and Secretary Tim Moore sold shares of PAA stock.
