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There are two small items from last week that I wanted to mention. The first is that Donaldson (DCI) raised its dividend from eight to nine cents a share. Although the dividend yield is still very low (about 1.1%), what impresses me is how regularly Donaldson has increased it. The dividend has doubled in the last three years and tripled in the last seven. For the long-term, the company has increased its dividend by an average of 14% a year. That should put the low yield into some perspective.

I also wanted to touch on Respironics’ (RESP) earnings. The company earned 43 cents a share which was very good. That beat expectations by four cents a share. This was also the end of RESP’s fiscal year so in FY 06, Respironics made $1.47 a share. For next year, the company sees earnings coming in between $1.72 a share and $1.77 a share (or 17% to 20% growth). The Street had pegged earnings at $1.63 a share. The stock didn’t react much from the announcement.

Posted by edelfenbein at August 1, 2006 8:31 AM