An occasional note on dividends by Laura Franks. This is an informal collection of dividend increases for mostly U.S. stocks.
Bexley Public Radio hopes this is a positive note amidst the usual uncertainty of Wall Street and financial markets.
Commentary and analysis is sometimes offered in this informal journal.
Bob Evans Farms, Inc. (NASDAQ: BOBE) November 19, 2009 Columbus, OH announced that its board of directors has approved a 12.5 percent increase in the quarterly cash dividend from 16 cents per share ($0.16) to 18 cents per share ($0.18) on the company's outstanding common stock ($0.01 par value). The increased dividend is payable on Dec. 15 to stockholders of record at the close of business on Dec. 4. The Company also announced that its board of directors has authorized a stock repurchase program of up to one million shares. The repurchase authorization is effective immediately, through the remainder of the Company's 2010 fiscal year, which ends April 30, 2010.
Brown-Forman (NYSE:BFA)(NYSE:BFB) November 16, 2009, Louisville, KY announced today that its Board of Directors declared a quarterly cash dividend of $0.30 per share on its Class A and Class B Common Stock, a 4.3% increase over the prior quarter?s $0.2875 dividend that was paid on each class. As a result, the indicated annual cash dividend will rise from $1.15 to $1.20 per share. Stockholders of record on December 7, 2009 will receive the cash dividend on January 4, 2010. This marks Brown-Forman?s 64th consecutive year of quarterly dividends and the 26th consecutive year it has increased the annual dividend.
Harsco Corp. (NYSE: HSC) November 19, 2009, Harrisburg, Pa. said Thursday its board approved a 2.5 percent increase in its dividend, lifting its annual rate by 2 cents to 82 cents per share. A quarterly dividend of 20.5 cents will be paid Feb. 16 to shareholders of record on Jan. 15.
Intel Corp. (NASDAQ:INTC) November 17, 2009, Santa Clara, CA announced a 12.5% dividend increase, the latest indication that technology companies are growing more hopeful about the economic recovery. The increase puts the chip giant's quarterly dividend at 15.75 cents a share and marks the first change to the dividend since the second quarter of 2008. Intel, which began issuing dividends in 1992, has boosted its payout 14 times since then.
Laclede Group (NYSE: LG) November 20, 2009, St. Louis, MO distributes natural gas on a retail basis in St. Louis and nearby suburban areas. November 19th the company raised its quarterly dividend to $0.395/share. The dividend will be payable on January 4, 2010, to shareholders of record on December 11, 2009. The ex-dividend date is December 9, 2009. Yield on the dividend is 5%. The yield based on the new payout is 5.00%.
Lancaster Colony (NASDAQ: LANC) November 16, 2009, Columbus, OH manufactures and markets consumer products in two segments: Specialty Foods, and Glassware and Candles. November 16th the company increased its dividend 5.3% to $0.30/share. The payable is payable December 31, 2009 to shareholders of record on December 10, 2009. The ex-dividend date is December 8.
Nike (NYSE: NKE) November 20, 2009 Beaverton, OR is the world’s leading designer and marketer of high-quality athletic footwear, athletic apparel, and accessories. November 19th, the company increased its quarterly dividend 8% to $0.27/share. The dividend is payable on January 4, 2010 to shareholders of record at the close of business on December 7, 2009. The yield based on the new payout is 1.70%.
NSTAR (NYSE: NST) November 19, 2009, Boston, MA was created through the 1999 merger of BEC Energy and Commonwealth Energy System. November 19th the company increased its quarterly dividend 6.7% to $0.40/share.The payable February 1, 2010 to shareholders of record as of January 8, 2010. The ex-dividend date is January 6. The yield based on the new payout is 4.98%.
Peabody Energy (NYSE: BTU) October 23, 2009, St. Louis, MO Ups Dividend To 7 Cents. Peabody Energys (NYSE: BTU) board approved a 17 percent increase in the company’s regular quarterly dividend on common stock, to $0.07 per share.
PennantPark (PNNT) November 18, 2009, New York, NY specializes in direct and mezzanine investments in middle-market companies. The company raised its quarterly dividend 4.2% to $0.25/share.The dividend is payable on January 4, 2010 to stockholders of record as of December 24, 2009. The ex-dividend date is December 22. The yield based on the new payout is 11.96%.
RLI Corp (NYSE:RLI) November 20, 2009, Peoria, IL authorized a cash dividend of $0.28 per share, up by 4% over the prior quarter, an yield of 2.20% based on the $1.12 indicated annual dividend. The dividend will be paid on January 15, 2010, to all shareholders of record as of December 31, 2009.
Royal Gold (NASDAQ: RGLD) November 18, 2009, Denver, CO, increased its quarterly dividend 13% to $0.09/share. The dividend is payable January 15, 2010, to shareholders of record at the close of business on January 4, 2010. The ex-dividend date is December 31, 2009. The yield based on the new payout is 0.68%. Royal Gold is the largest U.S.-based company engaged in the acquisition and management of precious metal royalty interests.
Shenandoah Telecommunications Company (NASDAQ: SHEN) October 20, 2009, Edinburg, VA declared an increased annual cash dividend of $0.32 per share. This dividend represents an increase of $0.02 over the 2008 dividend. The dividend will be payable December 1, 2009, to shareholders of record on November 10, 2009. The ex-dividend date is November 6, 2009. The dividend yield is about 1.85%. Shenandoah Telecommunications Company, through its subsidiaries, provides regulated and unregulated telecommunications services to end-user customers and other communications providers in the southeastern United States.
Sysco (NYSE: SYY) November 17, 2009, Houston, TX the largest U.S. marketer and distributor of foodservice products company boosted its dividend to $0.25/share. The dividend is payable on January 22, 2010, to common shareholders of record at the close of business on December 31, 2009. The ex-dividend date is December 29, 2009.
Tennant Company (NYSE: TNC), November 10, 2009, Minneapolis. MN which engages in the design, manufacture, and marketing of cleaning solutions, increased its quarterly dividend by 6% to 14 cents per share.
Universal Health Services, Inc. (NYSE: UHS) November 18, 2009, King of Prussia, PA announced today that its Board of Directors has declared a two for one stock split in the form of a 100% stock dividend payable on December 15, 2009 to shareholders of record as of December 1, 2009. All classes of common stock will participate on a pro rata basis. The Board's decision should improve liquidity and trading volume in the Company's stock. The company also announced that the Board of Directors voted to pay a cash dividend of $0.05 per share (post-split) on December 15, 2009 to shareholders of record as of December 1, 2009. Universal Health Services, Inc. is one of the nation's largest hospital companies, operating, through its subsidiaries, acute care and behavioral health hospitals, and ambulatory centers nationwide and in Puerto Rico.
Laura Franks is a regular contributer to Bexley Public Radio news and information. Her quarterly Laura Frank's Bexley Consumer Price Index (Laura Frank's Bexley CPI) is Bexley Public Radio's most popular regular local economics feature.
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Design is copyright 2009. All rights reserved. Bexley Public Radio Foundation. Text is copyright 2009. All rights reserved. Laura Franks.
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