Wednesday, April 1, 2009

Bexley Public Radio Dividend Note. No. 2, March 12, 2009.

Bexley Public Radio informal journal: dividends.

An occasional note increases in shareholder dividends.

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

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

Air Products & Chemicals Mar 20, 2009 (NYSE: APD) is offering its shareholders good and bad news, but investors on Friday seemed to accentuate the negative.
The bad news was that sales of the companies industrial gases -- hydrogen, helium, and the like -- are down 23.0% so far in the company's second fiscal quarter, which runs through March.

That revelation, on Friday, followed by a day Air's announcement that it would raise its quarterly dividend by a penny, to 45 cents.

Equity Lifestyles Properties Inc. Mar. 10, 2009. (NYSE: ELS), a publicly owned real estate investment trust (REIT), increased its quarterly dividend payment by 25% to $0.25 from $0.20/share. The company cut its dividends in 2004, after which it has kept increasing them. The new payment is still about half ELS’s dividends in 2003 however. This REIT currently yields only 2.60%.

Kimberly-Clark Corporation Feb. 27, 2009 (NYSE: KMB) said its board of directors has approved a dividend increase of 3.4 percent. This will bring the quarterly dividend to 60 cents per share, up from 58 cents per share in 2008.
The board of directors declared the dividend payable on April 2, 2009, to stockholders of record on March 6, 2009. This is the 37th consecutive year Kimberly-Clark has raised its dividend.
"The strength of our cash flow and balance sheet gives us confidence to increase the dividend despite the current global economic weakness," said Thomas J. Falk, chairman and chief executive officer. "We recognize that an attractive dividend yield is an important consideration for shareholders and we are committed to maintaining Kimberly-Clark's rating as a top-tier dividend payer among consumer packaged goods companies."

Qualcomm Incorporated Mar 04, 2009 (NASDAQ: QCOM) a developer and innovator of advanced wireless technologies, products and services, announced on Tuesday (3 March) that its board of directors has approved a 6% increase in the company's quarterly cash dividend to USD 0.17 per common share, from the previous dividend of USD 0.16.

This increased dividend rate will be effective for quarterly dividends payable after 27 March 2009.

This dividend increase reportedly raises the annual dividend to USD 0.68 per share of common stock.

Oracle Corp. Mar 19, 2009 (NASDAQ: ORCL) declared its first dividend. The news helped lift Redwood Shores, Calif.-based Oracle's stock $1.11, or 7 percent, to $16.94 in after-hours trading. Shares had gained 43 cents, or 2.8 percent, to close the regular trading session at $15.83 before Oracle reported its results.

Ross Stores, Inc. Mar 19, 2009 (NASDAQ: ROST) announced earnings per share for the 13 weeks ended January 31, 2009 of $.76, up 9% from $.70 for the 13 weeks ended February 2, 2008. Net earnings for the 13 week period grew to a record $97.4 million, up from $94.5 million for the 13 weeks ended February 2, 2008. Sales for the 13 weeks ended January 31, 2009 increased 5% to $1.734 billion compared to $1.652 billion for the 13 weeks ended February 2, 2008.

“Solid operating cash flows during fiscal 2008 continued to provide the resources to make capital investments in new store growth and infrastructure, and fund our ongoing stock repurchase and dividend programs. During fiscal 2008, we repurchased a total of 9.3 million shares of common stock for an aggregate purchase price of $300 million and we plan to complete the remaining $300 million repurchase authorization in 2009. In January 2009, our Board of Directors also approved a 16% increase in our quarterly cash dividend to $.11 per common share. On an annual basis, this represents our 15th consecutive dividend increase,” Mr. Balmuth concluded.

Stewardship Financial Corporation Mar 19, 2009 (NASDAQ: SSFN), parent company of Atlantic Stewardship Bank, has declared a $0.095 per share cash dividend. Common stockholders of record as of April 15, 2009 will be paid the dividend on May 1, 2009. This represents a 10.8 percent increase over the second quarter cash dividend paid in 2008, as adjusted for the 5 percent stock dividend paid in November 2008.

Triangle Capital Corporation Mar 11, 2009 (Nasdaq:TCAP) a specialty finance company that provides customized financing solutions to lower middle market companies located throughout the United States, today announced that its board of directors has declared a cash dividend of $0.40 per share. The Company's dividend will be payable as follows: Record Date: March 25, 2009, Payment Date: April 8, 2009
"We are pleased to announce Triangle's ninth consecutive quarterly dividend since our initial public offering in February, 2007. This dividend represents a 29.0% increase over the same quarter in 2008. We are aware that some stock reporting services incorrectly characterized our recent $0.05 special dividend as a quarterly dividend. To reiterate our earlier announcement, the $0.05 special dividend was in addition to our regular quarterly dividend, and represented the distribution of capital gains as prescribed under the Investment Company Act of 1940," commented Garland S. Tucker, III, President and CEO of Triangle.

Village Super Market, Inc. Mar 20, 2009 (NASDAQ: VLGEA) declared an 8% increase in the quarterly cash dividend. The increased quarterly cash dividends are $.20 per Class A common share and $.13 per Class B common share. The dividends will be payable on April 23, 2009 to shareholders of record at the close of business on April 2, 2009. Village Super Market operates a chain of 25 supermarkets under the ShopRite name in New Jersey and eastern Pennsylvania.

Warwick Valley Telephone Company Mar 10, 2009 (NASDAQ: WWVY) increased the ongoing quarterly Common Share cash dividend by 10%. The increase will be effective as of the first quarter of 2009. The new quarterly rate of $.22 is up from $.20. The Board declared that the first quarter dividend is to be paid on March 31, 2009 to shareholders of record as of March 20, 2009. On an annualized basis, the new dividend rate is $.88 versus $.80 per share previously.

Wisner H. Buckbee, Chairman of the Board, said: "This dividend increase demonstrates the Board's confidence in the continued strong performance of WVT's business, our cash generation capabilities, and our firm commitment to our shareholders."
Additionally, the Board of Directors declared the regular quarterly dividend of $1.25 per share on the outstanding 5,000 shares of the Company's 5% Preferred Shares to be paid on March 31, 2009 to shareholders of record as of March 20, 2009.
Warwick Valley Telephone Company is a full service telecommunications company operating in the greater Hudson Valley region, offering franchised services in southern Orange County, N.Y. and portions of northwestern N.J and competitive services throughout the region. Through its subsidiaries and affiliated companies, Warwick Valley Telephone Company offers local, long distance, internet and video services.

Waste Management Inc. Feb 25, 2009 (NYSE: WMI) shares slipped .70% to $24.23 in today’s early trading. Waste Management provides integrated waste management services in North America. It serves commercial, industrial, municipal and residential customers, as well as other waste management companies, electric utilities and governmental entities. … The company recently declared a quarterly cash dividend of 29 cents per share payable March 20, 2009 to stockholders of record March 9, 2009. Chief Executive Officer David P. Steiner commented, ‘Our board of directors and the executive management continue to have great confidence in the ability of this company to produce strong and consistent cash flows. This dividend payment is a 7.4% increase to the quarterly dividends paid in 2008 and reflects a yield of over 4% based on today's closing stock price.’ … Waste Management is the nation's largest garbage company and now operates as almost a duopoly after Republic Services has acquired Allied Waste. These two companies now control over 40% of the country's waste business, having the ability to influence prices.”

W.P. Carey & Co. Dec. 18, 2008 (NYSE: WPC) an investment management company, increased its quarterly dividends to $0.496 from $0.494 paid in 4Q 2008. This represents a 2.90% increase over the dividend paid in 1Q 2008. W.P. Carey & Co has consistently increased its dividends at least once per year since 1999. This limited liability company currently yields 9.40%.


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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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