Guru Companies Raising Dividends: Kimberly-Clark Corporation, Praxair Inc., Energen Corporation, SJW Corp., El Paso Pipeline Partners

Guru Companies Raising Dividends: KMB, PX, EGN, SJW, EPB

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Feb 09, 2010
These are companies that raised their dividends recently:


KimberlyClark Corp. (KMB, Financial)


Kimberly-Clark Corporation (KMB), which engages in the manufacture and marketing of health and hygiene products worldwide, announced that a high single-digit to low double-digit increase in the dividend is anticipated effective April 2010, subject to approval by the Board of Directors. The stock currently yields 3.90%.


Kimberlyclark Corp. has a market cap of $24.49 billion; its shares were traded at around $58.95 with a P/E ratio of 12.5 and P/S ratio of 1.3. The dividend yield of Kimberlyclark Corp. stocks is 4.1%. Kimberlyclark Corp. had an annual average earning growth of 4.9% over the past 10 years. GuruFocus rated Kimberlyclark Corp. the business predictability rank of 3.5-star.


KimberlyClark Corp. is owned by 5 Gurus: Richard Aster Jr, Brian Rogers, Robert Olstein, Dodge & Cox and NWQ Managers


Recently, Chairman of the Board and CEO Thomas J Falk sold 406,770 shares of KMB stock on 11/09/2009 and 203,384 shares on 10/23/2009. Senior VP & CFO Mark A Buthman sold 40,000 shares of KMB stock on 11/09/2009. Other insiders also sold the company’s stocks.


Praxair Inc. (PX, Financial)


Praxair, Inc. (PX), which engages in the production and distribution of industrial gases, increased its quarterly dividend by 13% to 45 cents per share. Praxair, Inc. is has increased its quarterly dividend in each of the past seventeen consecutive years. The stock currently yields 2.40%.


Praxair Inc. has a market cap of $22.75 billion; its shares were traded at around $74.14 with a P/E ratio of 18.5 and P/S ratio of 2.5. The dividend yield of Praxair Inc. stocks is 2.2%. Praxair Inc. had an annual average earning growth of 7.3% over the past 10 years. GuruFocus rated Praxair Inc. the business predictability rank of 2-star.


Praxair Inc. is owned by 4 Gurus. Ruane Cunniff, Jean-Marie Eveillard, Dodge & Cox, and PRIMECAP Management.


Recently, President & CEO Stephen F Angel sold 75,002 shares of PX stock on 11/11/2009. Other insiders, such as Director Raymond W Leboeuf and Director H Mitchell Jr Watson also sold company’s shares.


Energen Corp. (EGN, Financial)


Energen Corporation (EGN), which is engages in the development, acquisition, exploration, and production of oil, natural gas, and natural gas liquids in the continental United States, increased its quarterly dividend by 4% to 13 cents per share. Energen Corporation is has increased its quarterly dividend for twenty-eight consecutive years. The stock currently yields 1.10%.


Energen Corp. has a market cap of $3.02 billion; its shares were traded at around $42.08 with a P/E ratio of 12 and P/S ratio of 2.1. The dividend yield of Energen Corp. stocks is 1.2%. Energen Corp. had an annual average earning growth of 33.6% over the past 10 years. GuruFocus rated Energen Corp. the business predictability rank of 4-star.


Company’s Chairman and CEO J T Mcmanus sold 10,900 shares of EGN stock on 01/29/2010. Other company insiders, such as Director Jsm French and Retired Officer William Michael Jr Warren also sold company’s stock recently.


SJW Corp. (SJW, Financial)


SJW Corp. (SJW), engages in the production, purchase, storage, purification, distribution, and retail sale of water, increased its quarterly dividend by 3% to 17 cents per share. SJW Corp. has increased its quarterly dividend in each of the past forty-three consecutive years. The stock currently yields 3.00%.


SJW CORP. Sjw Corp. has a market cap of $402.5 million; its shares were traded at around $21.76 with a P/E ratio of 25.6 and P/S ratio of 1.8. The dividend yield of Sjw Corp. stocks is 3.1%. Sjw Corp. had an annual average earning growth of 7.3% over the past 10 years. GuruFocus rated Sjw Corp. the business predictability rank of 4.5-star.


El Paso Pipeline Partners L.P. (EPB, Financial)


El Paso Pipeline Partners, L.P. (EPB), which engages in the ownership and operation of natural gas transportation pipelines and storage assets in the United States, increased its quarterly distributions to 36 cents per unit. This is the eight consecutive quarterly distribution increase for the company since going public in 2007. The stock currently yields 5.60%.


El Paso Pipeline Partners are a growth-oriented Delaware limited partnership formed by El Paso Corporation to own and operate natural gas transportation pipelines, storage and other midstream assets. El Paso Pipeline Partners L.p. has a market cap of $2.35 billion; its shares were traded at around $24.03 with a P/E ratio of 16.2 and P/S ratio of 16.6. The dividend yield of El Paso Pipeline Partners L.p. stocks is 6%.


Recently, SENIOR VICE PRESIDENT of GP Norman G Holmes sold 7,000 shares of EPB stock on 01/04/2010.