Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Buckeye Technologies
So what: Driven by price increases and a more optimal product mix, Buckeye's adjusted earnings for the second quarter more than doubled to $0.50 per share. Those strong results, which included higher sales and margins, as well, also prompted management to increase its quarterly dividend 25% to $0.05 per share.
Now what: Don't let today's big rally scare you away from Buckeye. When you factor in the dividend hike, Buckeye still sports a yield of nearly 1% and trades at a clear forward P/E discount to rivals Rayonier
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