SFD

Dividend Increases/Decreases for the Week of March 28

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Below we provide a list of firms that raised their dividends during the week ending March 28. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week                          Armanino Foods of Distinction (AMNF): now $0.0400 per share quarterly dividend, was $0.0363. BankUnited (BKU): now $0.31 per share quarterly dividend, was $0.29. BBVA Compass Bancshares (BBVA): now $0.4439 per share semi-annual dividend, was $0.3243. BRP (DOOO): now CAD 0.215 per share quarterly dividend, was CAD 0.210. Ermenegildo Zegna (ZGN): now EUR 0.12 per share dividend, was EUR 0.10. Hamilton REITs YIELD MAXIMIZER ETF … Read more

Hormel’s Guidance Cut Isn’t Drastic

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Pork producer Hormel (click ticker for report: ) announced early Tuesday morning that the company has lowered its fiscal year 2013 earnings outlook to $1.88-$1.96 per share from $1.93-$2.03 per share. Shares are responding negatively to the news, but remain up 26% year-to-date. A 5-cent per share reduction in the annual earnings outlook will not have a material impact on our fair value estimate. While shares sold off aggressively Tuesday morning, we think it had less to do with a change in underlying fundamentals, and more to do with some profit taking. In fact, shares of the pork producer have traded at or above the high end of our fair value range for the past few months. The acquisition of … Read more