Casey's General Stores (CASY Quote) also bumped up its quarterly dividend by 15% to 7.5 cents per share. This operator of convenience stores has locations primarily in Iowa, Missouri and Illinois. Although its profit dropped by 13% for the latest quarter of the fiscal year, its earnings exceeded analysts' expectations. The stock has a P/E of 14, a PEG of 1.34 and a yield of 1.2%.
Casey's showed up in the Stockpickr portfolio called Rocket Stocks for the Week of June 9-June 13, which lists stocks with the potential to snap back because of an irrational selloff during the previous week or some other potential catalyst. The portfolio also includes China Medical Technologies(CMED Quote), with a 0.9% yield, and Pep Boys-Manny, Moe & Jack(PBY Quote), with a 2.9% yield. For the rest of last week's dividend-raisers, check out the Top Dividend-Raisers for the Week Ending 6-15-08 portfolio at Stockpickr.com.- Loading Comments...
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