This is a report on twelve companies that have increased dividends. It is an occasional note by Laura Franks.
This informal collection marks 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.
Laura’s commentary and analysis is sometimes offered in this informal journal.
AT & T, Inc. (NYSE: T) DALLAS Dec. 21, 2009 today announced that its board of directors has approved a 2.4 percent increase in the company’s quarterly dividend. AT&T has increased its quarterly dividend for 26 consecutive years, a record unmatched among major telecom companies.
AT&T directors increased the dividend rate from $0.41 to $0.42 per share on a quarterly basis and from $1.64 to $1.68 per share on an annual basis.
“Our 26th consecutive annual dividend increase underscores the Board’s continued commitment to stockholders and confidence in our strong financial position,” said Randall Stephenson, AT&T chairman and chief executive officer.
The dividend will be payable Feb. 1, 2010, to common stockholders of record on Jan. 8, 2010.
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world’s most advanced IP-based business communications services, the nation’s fastest 3G network and the best wireless coverage worldwide, and the nation’s leading high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of their three-screen integration strategy, AT&T operating companies are expanding their TV entertainment offerings. In 2009, AT&T again ranked No. 1 in the telecommunications industry on FORTUNE® magazine’s list of the World’s Most Admired Companies.
Bristol-Myers Squibb Company (NYSE: BMY) New York, Dec. 21, 2009 The Board of Directors of Bristol-Myers Squibb Company declared a 3.2 percent increase in the company’s quarterly dividend, beginning in the first quarter of 2010. “This dividend increase reflects our ongoing commitment to deliver shareholder value,” said James M. Cornelius, chairman and chief executive officer of Bristol-Myers Squibb. “We have made excellent progress in executing our strategy and we are confident in the streng
Cal-Maine Foods (NASDAQ:CALM) Jackson, MS, Dec. 28, 2009 declared its dividend of 17.2 cents per share, an increase of about 19% over its prior dividend. With the dividend, the company also announced earnings that beat analysts estimates, despite the forty percent drop in net income.
In trading, shares of Cal-Maine were show strong gains, up more than ten percent on the news.
Chimera Investment (NYSE:CIM) New York, Dec. 22, 2009 increased its quarterly dividend to seventeen cents per share, an increase of about forty two percent from its prior dividend.
Based on the current share price, investors can expect a yield of about sixteen percent going forward.
In afternoon trading, shares of Chimera were trading higher, up almost three and a half percent following the dividend increase.
Ensign Group (NASDAQ: ENSG) Mission Viejo, CA., Dec. 21, 2009 announced today that its Board of Directors has declared a quarterly cash dividend of $0.05 per share of Ensign common stock, which is an increase from the prior quarterly cash dividend of $0.045 per share. The dividend, which was unanimously approved by the Board on December 17, 2009, is payable on or before January 31, 2010 to shareholders of record as of December 31, 2009.
“We are pleased to be able to share the results of Ensign's strong 2009 growth and operating performance with our shareholders," commented Ensign President and Chief Executive Officer Christopher Christensen. "The increased dividend is consistent with our past practice, and reflects our continued confidence in our operating model," he added.
Ensign has been a dividend-paying company since 2002.
The Ensign Group, Inc.'s independent operating subsidiaries provide a broad spectrum of skilled nursing and assisted living services, physical, occupational and speech therapies, hospice services, and other rehabilitative and healthcare services for both long-term residents and short-stay rehabilitation patients at 77 facilities in California, Arizona, Texas, Washington, Utah, Idaho and Colorado. More information about Ensign is available at http://www.ensigngroup.net.
First of Long Island Corporation (Nasdaq:FLIC) GLEN HEAD, N.Y., Dec. 22, 2009 announced today the declaration of a fourth quarter cash dividend in the amount of 20 cents per share. This brings the total cash dividends declared in 2009 to 76 cents per share, representing a 15% increase over the 66 cents per share declared in 2008. The dividend will be paid on January 8, 2010 to shareholders of record on December 31, 2009.
The First National Bank of Long Island is the sole subsidiary of The First of Long Island Corporation. The Bank currently has fifteen full service offices, twelve commercial banking offices and two select service banking centers in Nassau and Suffolk Counties and Manhattan.
Franklin Resources, Inc. (NYSE: BEN) San Mateo, CA, Dec. 18, 2009 announced a quarterly cash dividend in the amount of $0.22 per share payable on January 8, 2010 to stockholders of record holding shares of common stock at the close of business on December 31, 2009. The quarterly dividend of $0.22 represents a 5% increase over the dividends paid the prior quarter and the same quarter last year.
Franklin Resources has raised its dividend every year since 1981.
Additionally, the Company's Board of Directors today declared a special cash dividend in the amount of $3.00 per share payable on December 31, 2009 to stockholders of record holding shares of common stock at the close of business on December 28, 2009.
These dividends are consistent with the Company's long-term capital management strategy of continuing to invest in the business, maintaining financial strength and flexibility, and returning a substantial portion of the Company's earnings to stockholders through common stock repurchases and the payment of dividends.
Franklin Resources, Inc. is a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series, Fiduciary Trust, Darby and Bissett investment teams. The San Mateo, CA-based company has more than 60 years of investment experience and over $539 billion in assets under management as of November 30, 2009.
Isabella Bank Corporation (OTC: ISBA) Mt. Pleasant, MI, Dec. 27, 2009, has announced that it increasing its aggregate annual cash dividend for the 28th consecutive year. At the board's regular meeting Dec. 17, it declared a regular quarterly cash dividend of 13 cents per share and a special cash dividend of 19 cents per share, for a total cash dividend for the fourth quarter of 32 cents per share, payable Dec. 31, with a record date of Dec. 17. Including the total fourth quarter dividend of 32 cents per share the corporation will have paid a total cash dividend of 70 cents per share in 2009, representing a 7.69 percent increase over the 65 cents paid in 2008. Based on the corporation's average closing price during November 2009 of $16.50, the corporation's dividend yield is 4.24 percent. To assist current and prospective shareholders in calculating the corporation's dividend yield, and consistent with industry practice, the board approved a resolution stating its current intent to pay future dividends in equal quarterly amounts, according to a press release. Any future dividend payments will depend upon the Corporation's financial position and action by the Board at that time. The board also examined its past practice of issuing a 10 percent stock dividend every other year, particularly in light of the current poor economic climate. The board concluded that it would be in the best interest of its shareholders to discontinue the 10 percent stock dividend and focus on the value of each share rather than increasing the number of shares outstanding, according to the press release.
Landauer, Inc. (NYSE: LDR) Glenwood, IL, Dec. 3, 2009 announced today that its Board of Directors increased the regular quarterly cash dividend to $0.5375 per share for the first quarter of fiscal 2010. This increase represents an annual rate of $2.15 per share compared with $2.10 last year. The dividend will be paid on January 4, 2010 to shareholders of record on December 11, 2009.
Landauer is the world's leading provider of technical and analytical services to determine occupational and environmental radiation exposure and is the leading domestic provider of outsourced medical physics services. For more than 50 years, the Company has provided complete radiation dosimetry services to hospitals, medical and dental offices, universities, national laboratories, nuclear facilities and other industries in which radiation poses a potential threat to employees. Landauer's services include the manufacture of various types of radiation detection monitors, the distribution and collection of the monitors to and from clients, and the analysis and reporting of exposure findings. The Company provides its dosimetry services to approximately 1.6 million people in the United States, Japan, France, the United Kingdom, Brazil, Canada, China, Australia, Mexico and other countries. In addition, through its Global Physics Solutions subsidiary, the Company provides therapeutic and diagnostic physics services and educational services to the medical physics community.
PSB Holdings, (OTCBB – PSBQ) Wausau, WI, Dec. 22, 2009 the parent company of Peoples State Bank of Wausau has announced an increase in its semi-annual cash dividend.
As of Jan. 29 next year, PSB Holdings will pay 35 cents per share to shareholders of record as of Jan. 11, 2010, according to a news release. The dividend is an increase from the 34 cents per share PSB declared in 2008.
The bank is headquartered in Wausau but has eight locations throughout north central Wisconsin.
Pink OTC Markets Inc. (pink.pk) Dec. 28, 2009 has recently listed on the pink sheets, as it was a privately held limited liability corporation prior to 2008.
The company also announced that its Board of Directors authorized a quarterly cash dividend on its Class A common stock of $0.04 per share. The dividend is payable on January 8, 2010 to stockholders of record on December 22, 2009. This dividend payment represents an increase in the quarterly cash dividend of $0.01 per share, or 33% from the prior dividend rate of $0.03 per share.¨
Village Super Market, Inc. (NASDAQ: VLGEA) Dec, 18, 2009 announced that it has declared a 4% increase in the quarterly cash dividend. The increased quarterly cash dividends are $0.24 per Class A common share and $0.156 per Class B common share. The dividends will be payable on January 21, 2010 to shareholders of record at the close of business on January 4, 2010.
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Design is copyright 2009. All rights reserved. Bexley Public Radio Foundation. Text is copyright 2009. All rights reserved. Laura Franks.
1 comment:
I've been looking all over for this!
Thanks.
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