Sunday, April 19, 2009

Bexley Public Radio Dividend Note. No. 4, April 19, 2009.

An occasional note on dividends that have been increased recently.

This is an informal collection of some information on dividend increases.

No commentary, analysis or recommendation is offered in this informal journal.

Anworth Mortgage Asset Corporation April 13, 2009 (NYSE: ANH) declared a quarterly common stock dividend of $0.30 per share for the first quarter of 2009. The common stock dividend is payable on May 19, 2009 to common stockholders of record as of the close of business on April 30, 2009. This is an increase compared to Dec. '08 dividend of $0.26 and Oct. '08 dividend of $0.25.

Anworth is a mortgage real estate investment trust which invests primarily in securities guaranteed by U.S. Government-sponsored agencies, such as Fannie Mae, Freddie Mac or Ginnie Mae. [SM]

BB&T Corporation Apr 17, 2009 (NYSE: BBT) today reported net income for the first quarter of 2009 totaling $318 million and net income available to common shareholders totaling $271 million, or $.48 per diluted common share, compared with $428 million, or $.78 per diluted common share, earned during the first quarter of 2008.

BB&T’s Board of Directors declared a quarterly cash dividend of $.47 per share during the first quarter of 2009, which represented an increase of 2.2% over the amount declared in the first quarter of 2008.

“We fully understand how important the dividend is to our shareholders,” said King. “We view our dividend policy as a very significant responsibility. Our Board of Directors will continue to evaluate our dividend policy taking into consideration our responsibilities to all our constituencies. Our dividend decisions will reflect our desire to remain well capitalized in these uncertain economic times and to develop a capital plan that allows us to repay the U.S. Treasury’s capital investment.”

Energy West, Incorporated Mar. 31, 2009 (Nasdaq: EWST), a natural gas utility and energy marketing company, today filed its Form 10-K/T with the Securities and Exchange Commission for the transitional year ended December 31, 2008.

The Company's Board of Directors has approved increasing the monthly dividend to $0.045 per share from $0.04 per share, a 12.5% increase. The dividend will be payable on April 30, 2009 to shareholders of record as of April 15, 2009.
"In these tough economic times we are proud to announce a 12.5% dividend increase," said Richard M. Osborne, Chairman and CEO of Energy West. "The results of all segments of Energy West were improved from the same time period last year. We continue to do all the necessary work to make our gas utilities even more efficient and customer focused going forward."

First of Long Island Corporation Mar 16, 2009 (NASDAQ: FLIC) ) announced today the declaration of a first quarter cash dividend in the amount of 18 cents per share. This represents a 20% increase over the dividend of 15 cents per share paid in the first quarter of last year. The dividend will be paid on April 10, 2009 to shareholders of record on March 30, 2009.

The First National Bank of Long Island is the sole subsidiary of The First of Long Island Corporation. The Bank currently has thirteen full service offices, thirteen commercial banking offices and two select service banking centers in Nassau and Suffolk Counties and Manhattan.

Franklin Financial Apr 16, 2009 (OTC: FRAF) Announces 2nd Quarterly Dividend
The board of directors of Franklin Financial Services Corp. declared a 27 cents per share regular quarterly dividend for the second quarter of 2009. Total regular cash dividends paid during the first two quarters of 2009 will be 54 cents per share, compared to 53 cents per share paid during the same period in 2008, an increase of 1.9 percent. The second-quarter cash dividend will be paid on May 29, 2009, to shareholders of record at the close of business on May 8.

Franklin Financial is the largest independent, locally owned and operated bank holding company headquartered in Franklin County with assets of approximately $980 million. Its wholly-owned subsidiary, F&M Trust Co., has 25 community banking offices. Franklin Financial stock is traded on the overthe counter market under the symbol FRAF.

H.B. Fuller Co. Apr 16, 2009 (NYSE: FUL) boosted its quarterly dividend by 0.2 cent a share, or 3%, its 40th consecutive yearly increase.

Healthcare Services Group Inc. April 14, 2009 (NASDAQ: HCSG) housekeeping service provider reported a 13% rise in the first-quarter net income from the year-ago period primarily due to higher revenues and investment and interest income. The company declared a first quarter 2009 regular quarterly cash dividend of $0.18 per common share.

The Board of Directors declared the 24th consecutive regular quarterly cash dividend of $0.18 per common share, payable on May 15, 2009 to shareholders of record at the close of business April 24, 2009. The dividend, a 23rd consecutive increase since the initiation of regular quarterly cash dividend payments in 2003, represents a 29% increase over the 2008 same period payment.

International Speedway Corp April 14, 2009 (NASDAQ ISCA.O) , race track owner, said Chief Executive James France was stepping down and raised its annual dividend by 2 cents.
CEO France will step down effective June 1 and will be replaced by President Lesa Kennedy, said the company, which along with Speedway Motorsports (TRK.N) dominates the NASCAR racing landscape.

The Daytona Beach, Florida-based company declared an annual dividend of 14 cents a share payable on June 30 to common stockholders of record on May 29. The company had paid an annual dividend of 12 cents a share in 2008.

Meridian Bioscience, Inc., Apr 16, 2009 (NASDAQ: VIVO) today reported second quarter and six months net sales of $33.3 million and $67.6 million, respectively, decreases of 8% and 4% compared to the same periods of the prior fiscal year and declared a regular quarterly cash dividend of $0.17 per share (indicated annual rate of $0.68 per share), a 21% higher regular quarterly rate compared to the prior fiscal year.

Pall Corporation Apr 2, 2009 (NYSE: PLL) a provider of life sciences and industrial products, announced yesterday (1 April) a dividend of USD 0.145 per share. The company increased its dividend in January 2009 from USD 0.13 to the current USD 0.145 per share. The dividend will be paid on 8 May 2009, to all shareholders of record as of 24 April 2009.

People's United Financial Inc. Apr 17, 2009 (NASDAQ: PBCT) the holding company for People's United Bank, Thursday announced a net income of $26.7 million, or 8 cents per share, for the first quarter of 2009, up from $15.1 million, or 5 cents per share, for the first quarter of 2008.
The company's board of directors voted to increase the annual common stock dividend by one penny per share, to a quarterly dividend rate of 15 cents per share, payable May 15 to shareholders of record as of May 1. Based on the closing stock price Wednesday, the dividend yield on People's United Financial common stock is 3.5 percent. The company released its earnings after the stock market's close Thursday.

PPG Industries Apr 16, 2009 (NYSE: PPG) The board of directors of PPG Industries today declared a regular quarterly dividend of 53 cents per share, payable June 12 to shareholders of record May 11.

"Our long heritage of dividend payments, despite economic conditions, signifies the value we place in returning cash to shareholders in this manner," said William H. Hernandez, PPG senior vice president, finance, and chief financial officer.
The company has increased its annual dividend payout for 37 consecutive years, paying uninterrupted annual dividends since 1899. PPG last announced a quarterly dividend increase Oct. 17, 2008.

Procter & Gamble Company April 14, 2009 (NYSE: PG) announced that its Board of Directors declared an increase in the quarterly dividend from forty cents ($0.40) to forty-four cents ($0.44) per share on its Common Stock and on the Series A and Series B ESOP Convertible Class A Preferred Stock of the company, payable on or after May 15, 2009 to shareholders of record at the close of business on April 24, 2009. This represents a 10% increase compared to the prior quarterly dividend.

Southside Bancshares, Inc. Apr 16, 2009 (NASDAQ: SBSI), parent company of Southside Bank approved a $0.01, or 7.69%, increase in future quarterly cash dividends, from $0.13 to $0.14 per share of common stock.

"As we report another quarter of record earnings, both on an overall and core level, we feel it is appropriate to increase the common stock dividend," stated B. G. Hartley, Chairman and Chief Executive Officer. "We believe it is especially important to offer tangible rewards for our success in this challenging economic environment. We would like to thank our shareholders for their continued support."

Southside Bancshares, Inc. is a bank holding company with approximately $2.8 billion in assets that owns 100% of Southside Bank. Southside Bank currently has 44 banking centers in Texas and operates a network of 47 ATMs.

TJX Apr 7, 2009 (NYSE: TJX: 26.70 ), discount retailer operator of TJ Maxx and Marshalls stores, has raised its quarterly dividend by 9% to $.12 per share.
The increased quarterly dividend pushes the current dividend yield from 1.7% to 1.9%.

Watsco Apr 2, 2009 (NYSE: WSO), which distributes air conditioning, heating, and refrigeration equipment, raised its quarterly dividends for a 6th year in a row to $0.48/share. The 5 year average dividend growth is 36.1% annually. The stock currently yields 4.90%.


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Design is copyright 2009. All rights reserved. Bexley Public Radio Foundation. Text is copyright 2009. All rights reserved. Bexley Public Radio Editorial Collective.

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