This is my Dividend Note No. 26 as of June 25, 2010.
These are twenty-nine companies that increased their dividends during the first three weeks of June. Most are American companies. Three of the companies are involved in interesting lines of business: VSE Corporation is a governmental contractor and American Wind and Solar, Inc. is a green energy company. DuPont Fabros Technology is an real estate investment trust that operates secure data centers for web operations of businesses.
ACE Limited
American Eagle Outfitters Inc.
American Wind and Solar
Annaly Capital Management Inc.
Canadian Energy Services & Technology Corp.
Casey’s General Stores, Inc.
Caterpillar
Colony Financial Corp.
Cousins Properties Incorporated
C R Bard, Inc.
Del Monte Foods
DuPont Fabros Technology, Inc.
Farmers & Merchants Bancorp
FedEx Corp.
Greif, Inc.
HEICO Corporation
HRPT Properties Trust
MKS Inc.
National Fuel Gas Company
Oil-Dri Corporation of America
Quanex Buildings Products Corporation
RLI Corp.
Rockwell Automation
Ryanair Holdings, PLC
Target Corporation
Triangle Capital Corporation
Universal Health Realty Income Trust
Viacom Inc.
VSE Corporation
ACE Limited (NYSE: ACE) May 24, 2010, Hamilton, Bermuda
The board of directors of ACE Limited (ACE) announced a 6.5% increase in the quarterly dividend as a part of the company’s consistent effort to enhance shareholder value.
ACE will now pay a quarterly dividend of 33 cents ($1.32 on an annualized basis), up from 31 cents ($1.24 on an annualized basis) paid on April 12, 2010. The increased dividend will be paid on August 17, 2010, to shareholders of record as of July 27, 2010.
The company intends to distribute the dollar-denominated dividend via par value reduction in four installments, thereby adjusting the amount of each quarterly dividend in Swiss francs (CHF) up or down to equal $0.33 at the time of payment, subject to an aggregate cap for the four installments of CHF 2.16.
The par value of the company is currently CHF 31.55 per share. The par value of a share will be reduced concurrent to dividend installment by the CHF equivalent of $0.33 based on the USD/CHF rate published on July 22, 2010.
The board of directors of ACE decided that the first installment of the increased dividend will be made by the company’s transfer agent in U.S. dollars (USD) subject to a required filing with the Swiss Commercial Register.
American Eagle Outfitters Inc. (NYSE: AEO) June 9, 2010, Pittsburgh, PA raised its quarterly dividend 10%, to 11 cents a share, saying the increase reflects its strong cash generation and commitment to enhancing shareholder value.
American Eagle Outfitters, Inc. offers on-trend clothing, accessories and personal care products. It operates under the American Eagle (AE), aerie by American Eagle, 77kids by american eagle and MARTIN+OSA (M+O) brands. As of January 30, 2010, it operated 938 American Eagle Outfitters stores in the United States and Canada, 137 aerie stand-alone stores and 28 MARTIN+OSA stores. During the fiscal year ended December 31, 2009, the Company operated in all 50 states, Puerto Rico and Canada. During fiscal 2009, it opened 29 stores, consisting of eight United States AE stores and 21 aerie stores, including two Canadian aerie stores.
Annaly Capital Management, Inc. (NYSE: NLY) June 17, 2010, New York, NY, declared the second quarter 2010 common stock cash dividend of $0.68 per common share, or $2.72 annualized. The dividend is a 4.6% increase over the previous rate of $0.65. This dividend is payable July 29, 2010 to common shareholders of record on June 29, 2010. The ex-dividend date is June 25, 2010. Yield on the dividend is 15.2%.
Annaly Capital Management, Inc. owns, manages and finances a portfolio of real estate related investment securities, including mortgage pass-through certificates, collateralized mortgage obligations (CMOs), agency callable debentures, and other securities representing interests in the obligations backed by pools of mortgage loans. The Company’s wholly owned subsidiaries offer real estate, asset management and other financial services. Fixed Income Discount Advisory Company (FIDAC) and Merganser Capital Management, Inc. (Merganser) manage a number of investment vehicles and separate accounts for which they earn fee income. The Company’s subsidiary, RCap Securities Inc. (RCap) operates as a broker-dealer.
Atlantic Wind & Solar Inc. (PINKSHEETS: AWSL) June 1, 2010 Toronto, Canada announced that its board has approved a Non-Transferable, Restricted stock dividend.
AWSL shareholders of record on July 6th, 2010 will receive 1 (One) Restricted Non-Transferable Common share for every 4 (Four) shares held.
Canadian Energy Services & Technology Corp. (TSE: CEU) June 16, 2010, Calgary, Alberta, Canada announced today that it will pay a cash dividend of $0.08 per common share on July 15, 2010 to the shareholders of record at the close of business on June 30, 2010, representing an increased dividend of $0.02 per common share to the monthly dividend.
The company designs and implements drilling fluid systems for the oil and natural gas industry in western Canada and in the United States through its subsidiary AES Drilling Fluids, LLC.
Casey's General Stores, Inc. (NASDAQ: CASY) June 15, 2010 Ankeny, IA reported $0.43 in basic earnings per share for the fourth quarter of fiscal 2010 ended April 30, 2010, compared to $0.31 from the same quarter a year ago. The results include approximately $6.9 million in legal and advisory fees pertaining to the evaluation of the unsolicited offer and related actions by Alimentation Couche-Tard. Without the effect of those fees, basic earnings per share would have been approximately $0.51 for the quarter compared to the Reuters consensus estimate of $0.40. For the year, basic earnings per share finished at $2.30, an increase of over 36% compared to the prior year's $1.69.
"Fiscal 2010 was a monumental year for Casey's General Stores," said President and CEO Robert J. Myers. "Not only did we surpass 1,500 stores, but we also beat our previous best year by $0.61 per share. We are very pleased with our overall performance, as we turned in record results in the midst of the challenging economic environment during the 12 month period. Furthermore, we expect our strong performance to continue in fiscal 2011."
At its June meeting, the Board of Directors increased the quarterly dividend to $0.10 per share. The dividend is payable August 16, 2010 to shareholders of record on August 2, 2010.
Caterpillar Inc (NYSE: CAT) June 9, 2010, Peoria, IL authorized a 2-cent, or 4.8%, increase to its quarterly dividend payment. Caterpillar Inc. said that its board of directors has voted to raise the company's quarterly dividend by 5 percent, as the world's largest maker of construction and mining equipment continues to benefit from the global economic recovery.
Caterpillar said the dividend hike reflects improvement in the company's balance sheet and cash flow in 2009, as the U.S. and other nations pulled out of the economic recession.
The increase lifts Caterpillar's quarterly payout by 2 cents to 44 cents. It will be payable Aug. 20 to shareholders of record at the close of business July 20.
Caterpillar Inc. (Caterpillar) provides construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. The Company operates primarily through three lines of business: Machinery, Engines and Financial Products. Machinery includes the design, manufacture, marketing and sales of construction, mining and forestry machinery. Engines line of business includes the design, manufacture, marketing and sales of engines for Caterpillar machinery, electric power generation systems, locomotives, marine, petroleum, construction, industrial, agricultural and other applications and related parts. Financial Products line of business consists primarily of Caterpillar Financial Services Corporation (Cat Financial), Caterpillar Insurance Holdings, Inc. (Cat Insurance) and their respective subsidiaries.
Colony Financial, Inc. (NYSE: CLNY) June 16, 2010, Los Angeles, CA, announced a quarterly dividend of $0.21 per common share for the second quarter of 2010. The dividend will be paid on July 15, 2010, to stockholders of record on June 30, 2010.
This dividend is an increase from the $0.16 dividend paid in the first quarter.
Colony Financial is a real estate finance and investment company that is focused primarily on acquiring and originating commercial real estate loans and real estate-related debt at attractive risk-adjusted returns. Secondary debt purchases may include performing, sub-performing or non-performing loans (including loan-to-own strategies). Colony Financial intends to elect and qualify to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes.
Cousins Properties Incorporated (NYSE: CUZ) June 15, 2010, Atlanta, GA announced the results of the shareholders' elections relating to Cousins' second quarter common stock dividend of $0.09 per share declared by its Board of Directors on April 15, 2010.
The dividend will consist of approximately $3.0 million in cash and 866,000 shares of common stock. The amount of cash elected to be received was greater than the cash limit of 33.34% of the total value of the dividend, or approximately $3.0 million, and therefore shareholders who elected to receive all cash will receive a combination of cash and stock. The number of shares included in the dividend is calculated based on the $6.98 average closing price per share of Cousins' common stock on the New York Stock Exchange on June 7, 8 and 9, 2010. The dividend of $0.09 per share will be paid as follows:
to shareholders electing to receive the dividend in all stock, Cousins will pay the entire dividend in common stock;
to shareholders either electing to receive the dividend in all cash or failing to make an election, Cousins will pay the dividend in the form of $0.0389 per share in cash and $0.0511 per share in common stock; and
Cousins will pay fractional shares in cash.
Cousins Properties Incorporated is a diversified real estate company with extensive experience in development, acquisition, financing, management and leasing. Based in Atlanta, the Company invests in office, multi-family, retail and land development projects. Since its founding in 1958, Cousins has developed 20 million square feet of office space, 20 million square feet of retail space, more than 3,500 multi-family units and more than 60 single-family neighborhoods.
C.R. Bard Inc. (NYSE: BCR) June 9, 2010, San Francisco announced that its board raised the quarterly dividend and authorized a new stock buyback program. The medical device maker raised the dividend 6% to 18 cents a share. The dividend is payable Aug. 6 to shareholders of record as of July 26. Bard's also authorized a $500 million share buyback program.
C. R. Bard, Inc. (Bard) is engaged in the design, manufacture, packaging, distribution and sale of medical, surgical, diagnostic and patient care devices. The Company sells a range of products worldwide to hospitals, individual healthcare professionals, extended care facilities and alternate site facilities. Bard has four product group categories: vascular, urology, oncology and surgical specialties. On November 18, 2009, the Company acquired Y-Med, Inc. (Y-Med), a company focused on the development and manufacture of specialty percutaneous transluminal angioplasty (PTA) catheters. On June 15, 2009, the Company acquired worldwide rights and related assets of the hernia products business of Brennen Medical, LLC.
Del Monte Foods (NYSE: DLM), June 10, 2010, San Francisco, CA announced today an 80% increase in its quarterly dividend and the authorization of a $350 million stock repurchase program.
"Based on Del Monte's higher level of performance and confidence in our future, we have substantially increased our quarterly dividend and authorized a significant stock repurchase program," said Richard G. Wolford, Chairman and CEO of Del Monte Foods Company. "Importantly, we are able to do this while achieving our leverage targets and continuing to invest in our business, consistent with our growth strategy. We are returning cash and incremental value to shareholders based on our strong results, the cash flow we consistently generate, and the overall strength of the Company."
Increases Quarterly Dividend 80%
Del Monte's Board of Directors has approved an 80% increase in the quarterly dividend from $0.05 to $0.09 per common share. The dividend is payable on August 5, 2010 to stockholders of record as of the close of business on July 22, 2010.
The Company expects quarterly dividends to continue to be paid during the first week of February, May, August and November and anticipates a total annual dividend of $0.36 per common share. The aggregate quarterly dividend is expected to be approximately $18 million based on the number of outstanding common shares as of fiscal 2010 year-end. However, the actual declaration of future cash dividends, and the establishment of record and payment dates, will be subject to final determination by the Board of Directors each quarter, after its review of the Company's then-current strategy, applicable debt covenants and financial performance and position, among other things.
This increase in the dividend follows Del Monte's 25% increase in the quarterly dividend announced in June 2009.
Del Monte Foods Company is a producer, distributor and marketer of branded food and pet products for the United States retail market. The Company operates in two segments: Consumer Products and Pet Products. The Consumer Products segment includes the Consumer Products operating segment, which manufactures, markets and sells branded and private label shelf-stable products, including fruit, vegetable, tomato and broth products. The Pet Products segment includes the Pet Products operating segment, which manufactures, markets and sells branded and private label dry and wet pet food and pet snacks. On October 6, 2008, Del Monte Corporation (DMC), a wholly owned subsidiary of the Company, sold Galapesca S.A., Panapesca Fishing, Inc. and Marine Trading Pacific, Inc. to Starkist Co.
DuPont Fabros Technology, Inc. (NYSE: DFT) Washinngton, D.C. announced that the company's Board of Directors has authorized and declared a cash dividend of $0.12 per share on the Company's common stock for the second quarter 2010. This represents an increase of $0.04 per share, or 50 percent, over the Company’s previous quarterly cash dividend of $0.08 per share. The dividend will be paid on July 9, 2010 to shareholders of record as of June 29, 2010.
“As a result of our continuing strong leasing and financial performance, we are increasing the quarterly common stock dividend in anticipation of increased REIT taxable income and distribution requirements for 2010,” commented Mark L. Wetzel, Chief Financial Officer and Treasurer.
As previously announced, the Company issued 13.8 million shares of common stock on May 18, 2010; raising $304.6 million of net proceeds to develop datacenters in Santa Clara, California and Ashburn, Virginia. As a result, the Company is revising its Funds from Operations (“FFO”) per share guidance range to $0.29 to $0.32 and $1.25 to $1.35 for the second quarter and full year, respectively. This supersedes the company’s previously issued FFO per share guidance of $0.30 to $0.34 and $1.25 to $1.45 for the second quarter and full year, respectively. See page 3 for details.
DuPont Fabros Technology is a real estate investment trust (REIT) and an owner, developer, operator and manager of wholesale data centers. The Company’s data centers are highly specialized, secure facilities used primarily by national and international Internet and enterprise companies to house, power and cool the computer servers that support many of their most critical business processes. DuPont Fabros Technology, Inc. is headquartered in Washington, DC.
Farmers & Merchants Bancorp (OTC: FMCB) June 1, 2010, Lodi, CA, declared a midyear cash dividend of $5.35 per share, a 5 percent increase over the July 2009 dividend, the Lodi-based bank announced last week.
The dividend will be paid July 1 to shareholders of record on June 11.
Farmers & Merchants reported a $6.1 million profit, or $7.75 a share, for the quarter ending March 31.
The locally owned bank has 24 branches from Sacramento to Merced California.
FedEx Corp. (NYSE: FDX) June 7, 2010, Memphis, TN, declared a quarterly cash dividend of $0.12 per share on its common stock, an increase of $0.01 per share over the previous dividend payment. The dividend is payable July 1, 2010 to stockholders of record at the close of business on June 17, 2010.
FedEx Corp. provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $33 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 280,000 team members to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities.
Greif, Inc. (NYSE: GEF) June 1, 2010, Delaware, OH, declared quarterly cash dividends of $0.42 per share of Class A Common Stock and $0.63 per share of Class B Common Stock.
Mike Gasser, Greif chairman and CEO, said, "Today's dividend announcement signifies the seventh increase in the last 10 years, and we are particularly pleased that the Board approved the 10.5 percent increase compared to the same period last year for both classes of stock. The increase is consistent with our targeted dividend payout ratio of 30 to 35 percent over a complete business cycle."
The dividends are payable on July 1, 2010, to shareholders of record at close of business on June 18, 2010.
The company manufactures steel, plastic, fibre, flexible and corrugated containers, packaging accessories and containerboard, and provides blending and packaging services for a wide range of industries. Greif also manages timber properties in North America. The company has operations in more than 45 countries to serve global as well as regional customers.
Heico Corporation (NYSE: HEI) June 15, 2010, Hollywood, FL announced that its Board of Directors declared a regular semi-annual cash dividend of $.06 per share payable on both classes of common stock. The cash dividend is payable on July 21, 2010 to shareholders of record as of July 7, 2010.
The cash dividend represents a 25% increase over the prior semi-annual per share amount of $.048 (as adjusted for the Company's 5 for 4 stock split distributed April 2010) and is HEICO's 64th consecutive semi-annual cash dividend since 1979.
Laurans A. Mendelson, HEICO's Chairman and Chief Executive Officer, commenting on the cash dividend remarked, "By raising the cash dividend, our Board of Directors' goal is to reflect its continuing confidence in HEICO's growth strategies and to continue to reward our shareholders, while retaining sufficient capital to fund our internal growth objectives and acquisition strategies."
Note: HEICO has two classes of common stock traded on the NYSE. Both classes, the Class A Common Stock (HEI.A) and the Common Stock (HEI), are virtually identical in all economic respects. The only difference between the share classes is the voting rights. The Class A Common Stock (HEI.A) receives 1/10 vote per share and the Common Stock (HEI) receives one vote per share. There are currently approximately 19.8 million shares of HEICO's Class A Common Stock (HEI.A) outstanding and 13.1 million shares of HEICO's Common Stock (HEI) outstanding. The stock symbols for HEICO's two classes of common stock on most web sites are HEI.A and HEI. However, some web sites change HEICO's Class A Common Stock stock symbol (HEI.A) to HEI/A or HEIa.
HEICO Corporation is engaged primarily in certain segments of the aviation, defense, space, medical, telecommunication and electronic industries through its Flight Support Group and its Electronic Technologies Group. HEICO's customers include a majority of the world's airlines and airmotives as well as numerous defense and space contractors and military agencies worldwide in addition to medical, telecommunication and electronic equipment manufacturers.
HRPT Propoerties Trust (NYSE: HRPT) June 15, 2010, Newton, MA announced the following corporate actions:
Name Change:
Effective July 1, 2010, HRP will change its name to "CommonWealth REIT". On and after that date, the common shares of HRP will be traded on the New York Stock Exchange, or NYSE, under a new symbol "CWH".
When it completed its initial public offering in 1986, HRP was known as "Health and Rehabilitation Properties Trust" and it primarily owned healthcare rehabilitation facilities. In 1994, HRP expanded its investment focus to include various senior housing facilities, and its name was changed to "Health and Retirement Properties Trust". In 1998, HRP changed its investment focus to include commercial office properties, and the present name of "HRPT Properties Trust" was adopted. Today, HRP is primarily invested in office and industrial properties and no longer makes investments in healthcare properties. The Board of Trustees determined that adopting the new name "CommonWealth REIT" may be an appropriate way to avoid any lingering confusion that the company may be a healthcare focused real estate investment trust, or REIT.
As of March 31, 2010, HRP owned 518 properties with approximately 66.8 million square feet in over 60 markets in 34 states and Washington, DC, representing total investments of $6.6 billion. For the three months ended March 31, 2010, 41.0% of the company's property net operating income ("NOI") came from suburban office properties, 37.3% of NOI came from central business district, or CBD, office properties and 21.7% of NOI came from industrial and other property investments.
Reverse Share Split:
HRP also announced that its Board has determined to implement a common share combination by which the number of its common shares outstanding will be reduced by three quarters: for every four existing common shares owned, shareholders will receive one new common share. Fractional shares will be issued where appropriate.
At the company's shareholders' 2009 annual meeting, shareholders voted to amend HRP's declaration of trust to permit the Board to implement a share combination in the discretion of the Board. After studying this matter, the Board has concluded that a one for four share combination is desirable because it may reduce the transaction costs for shareholders who pay brokerage commissions on the basis of the number of shares traded.
The share combination will be effective on July 1, 2010. On and after that date, shares traded on the NYSE will be the new combined shares and will trade under the new symbol "CWH".
Dividend Increase:
HRP currently pays a regular quarterly dividend of $0.12/share ($0.48/share per year). After the reverse share split, HRP currently expects to pay a regular quarterly dividend of $0.50/share ($2.00/share per year).
The next regular quarterly dividend of $0.50/share with respect to HRP's performance during the quarter ended June 30, 2010 is expected to be declared during July 2010. That dividend will be paid to shareholders of record on a later date to be announced when the dividend is declared.
MKS Inc. (TSE: MKS) June 8, 2010, Waterloon, Ontario, Canada, the global application lifecycle management (ALM) technology leader, today announced its financial results for the fourth quarter and fiscal year 2010 and a 17% increase to its quarterly cash dividend.
MKS Inc. (MKS) is a provider of software products and services in the application development and deployment (software application lifecycle management (ALM)) and cross-platform development and systems administration (Interoperability or IO) markets. The Company operates in two segments: ALM and IO. The ALM segment develops and markets software solutions that assist programmers in the creation of traditional and Web-based software, and in the management of the software development process. The IO segment encompasses products that address the issues surrounding cross-platform development, application migration, systems administration and network management.
National Fuel Gas Company (NYSE: NFG) June 10, 2010, Williamsville, NY approved a 3 percent increase in the dividend on the Company's common stock, raising the quarterly rate from 33.5 cents per share as approved in June 2009 to 34.5 cents per share, for an annual rate of $1.38 per share. This action marks the 108th year of uninterrupted dividend payments and the 40th consecutive year that National Fuel has increased its dividend.
David F. Smith, Chairman of the Board, President and Chief Executive Officer of National Fuel, said, "We are pleased to announce another increase in our dividend. We take significant pride in our dividend history and are pleased that our balanced and integrated business model continues to generate value for our shareholders. The value of our dividend is enhanced by the favorable federal tax treatment that dividends currently receive."
The dividend is payable July 15, 2010, to shareholders of record at the close of business on June 30, 2010. The Company has approximately 81.9 million shares of common stock outstanding. It has no preferred stock outstanding.
National Fuel supports the efforts of the national grassroots advocacy campaign "Defend My Dividend," which is seeking to extend the preferred federal tax rate on dividends. The preferred rate is currently scheduled to expire on December 31, 2010. Additional information regarding the initiative is available at the Investor Relations page of the Company's website.
National Fuel is an integrated energy company with $5.0 billion in assets comprised of the following four operating segments: Exploration and Production, Pipeline and Storage, Utility, and Energy Marketing. Additional information about National Fuel is available at www.nationalfuelgas.com or through its investor information
Oil-Dri Corporation of America (NYSE: ODC) June 15, 2010, Chicago, IL declared quarterly cash dividends of $0.16 per share of its common Stock and $0.12 per share of the Class B Stock, a 7% increase for both classes of stock.
The dividends will be payable on September 3, 2010, to stockholders of record at the close of business on August 20, 2010. The Company has paid cash dividends continuously since 1974.
Oil-Dri Corporation of America is a leading supplier of specialty sorbent products for industrial, automotive, agricultural, horticultural and specialty markets and the world's largest manufacturer of cat litter.
Quanex Building Products Corporation (NYSE:NX) May 27, 2010 Houston, TX announced that its Board of Directors authorized an annual dividend increase of $0.04 per common share outstanding. The company stated the annual dividend is now $0.16 per share, a 33% increase over the previous annual dividend. The second quarter dividend of $0.04 per share is payable June 30, 2010 to shareholders of record on June 16, 2010. The Board also authorized a stock repurchase program for up to 1 million shares that will be used to purchase shares from time to time.
"With the continued implementation of our long-term strategy, coupled with a slow recovery in our end markets, we expect to generate healthy cash flows through the next business cycle," said David D. Petratis, chairman and chief executive officer. "While making acquisitions in the fenestration market remain a priority for the company, raising the dividend and purchasing shares demonstrates our confidence in the future and directly benefits our long-term shareholders."
Quanex Building Products Corporation is an industry-leading manufacturer of engineered materials, components and systems serving the U.S. residential window and door markets. It is an ROIC-driven company that grows shareholder returns through a combination of organic growth via new products and new programs like Project Nexus, and strategic acquisitions.
The RLI Corp. (NYSE: RLI) June 2, 2010 board of directors declared a second quarter cash dividend of $0.29 per share, a 4% increase over the prior quarter. The dividend is payable on July 15, 2010, to shareholders of record as of June 30, 2010. RLI has paid dividends for 136 consecutive quarters and increased dividends in each of the last 35 years.
RLI is a specialty insurance company serving “niche” or underserved markets. With a diverse portfolio of property and casualty coverages and surety bonds, it has achieved an underwriting profit in 29 of the last 33 years, including the last 14. RLI and subsidiaries – RLI Insurance Company, Mt. Hawley Insurance Company and RLI Indemnity Company – are rated A+ "Superior" by A.M. Best Company and A+ "Strong" by Standard & Poor's. RLI operates in all 50 states from office locations across the country. For additional information, visit www.rlicorp.com.
Rockwell Automation (NYSE: ROK) June 3, 2010, Milwaukee, WI, declared a 21 percent increase in the quarterly dividend on its common stock to 35 cents per share, payable on Sept. 10, 2010 to shareowners of record at the close of business on Aug. 16, 2010.
"The 21 percent dividend increase reflects our solid financial position and our confidence in Rockwell Automation's strong, sustainable cash generation throughout business cycles. We remain committed to delivering shareowner value by prudently investing in high-return growth opportunities and appropriately returning cash to shareowners," said Keith D. Nosbusch, chairman and chief executive officer.
Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs about 19,000 people serving customers in more than 80 countries.
Ryanair Holdings PLC June 1, 2010, Dublin, Ireland said that it will pay its first dividend in more than 10 years, as Europe's largest budget airline swung to a fiscal-year net profit on substantially lower fuel prices and an improved route mix.
In the first dividend payment since the company went public in 1997, Ryanair will pay out €500 million ($615.2 million), or 34 European cents per share, in October, and said it may return another €500 million to shareholders through either a one-time dividend or share buyback by the end of 2013.
If the first dividend is approved by shareholders at the company's annual
Target Corporation (NYSE: TGT) June 9, 2010. Minneapolis, MN, raised its quarterly dividend to 25 cents from 17 cents, payable September 10 to shareholders of record as of August 20.
“Because we expect to continue to return excess cash to our shareholders through a combination of regular dividends and opportunistic share repurchase, we believe it is appropriate to increase the amount returned through the quarterly dividend,” said Target CEO Gregg Steinhafel.
Target Corporation (Target) operates Target general merchandise stores with an assortment of general merchandise and food items. During the fiscal year ended January 30, 2010 (fiscal 2009), the Target stores also included a deeper food assortment, including perishables and an offering of dry, dairy and frozen items. In addition, the Company operates SuperTarget stores with a line of food and general merchandise items. Target.com offers an assortment of general merchandise, including various items found in its stores and a complementary assortment, such as extended sizes and colors, sold only online. It operates in two segments: Retail and Credit Card. The Retail segment includes all of its merchandising operations, including its general merchandise and food discount stores in the United States and its integrated online business. The Credit Card segment offers credit to qualified guests through its branded credit cards, the Target Visa and the Target Card (collectively, REDcards).
Triangle Capital Corporation (NASDAQ: TCAP) June 1, 2010, Raleigh, NC 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 $0.41 per share. This is the Company's fourteenth consecutive quarterly dividend since its initial public offering in February, 2007, and reflects a 2.5% increase over the second quarter of 2009.
The Company's dividend will be payable as follows:
Record Date: June 15, 2010
Payment Date: June 29, 2010
Triangle Capital Corporation is a specialty finance company organized to provide customized financing solutions to lower middle market companies located throughout the United States. Triangle's investment objective is to seek attractive returns by generating current income from debt investments and capital appreciation from equity related investments. Triangle's investment philosophy is to partner with business owners, management teams and financial sponsors to provide flexible financing solutions to fund growth, changes of control, or other corporate events. Triangle typically invests $5.0 - $15.0 million per transaction in companies with annual revenues between $20.0 and $100.0 million and EBITDA between $3.0 and $20.0 million.
Universal Health Realty Income Trust (NYSE: UHT) June 4, 2010 King of Prussia, PA announced that its Board of Trustees voted to increase the quarterly dividend by $.005 and pay a dividend of $.605 per share on June 30, 2010 to shareholders of record as of June 16, 2010.
Universal Health Realty Income Trust is a real estate investment trust (REIT). The Trust invests in healthcare and human service-related facilities, including acute care hospitals, behavioral healthcare facilities, rehabilitation hospitals, sub-acute facilities, surgery centers, childcare centers and medical office buildings (MOBs). As of December 31, 2009, the Trust had 51 real estate investments or commitments located in 15 states in the United States consisting of seven hospital facilities, including three acute care, one behavioral healthcare, one rehabilitation and two sub-acute; 40 MOBs (including 31 owned by various limited liability companies (LLCs), including two under construction), and four preschool and childcare centers.
Viacom Inc. (NYSE: VIA) June 9, 2010, New York, New York announced its first-ever quarterly dividend and resumed its stock buyback plan a year after the media giant pledged future gains for shareholders in the midst of a global financial crisis and economic downturn that rattled the company.
The news, announced Wednesday at Viacom's annual shareholder meeting in New York City, comes after the company's stock more than doubled over the past 18 months, as the operator of Paramount films and channels like MTV and Comedy Central has benefited from successful movies and cable's dual revenue stream of advertising ...
VSE Corporation (NASDAQ: VSEC) June 9, 2010, Alexandria, VA, reported today that on June 1, 2010, the company's Board of Directors declared a quarterly dividend of $0.06 per share, increasing the cash dividend by 20% to an annual payout rate of $0.24 per share.
The $0.06 per share dividend declared on June 1, 2010 will be paid on August 11, 2010, to stockholders of record as of July 28, 2010.
VSE has paid cash dividends since 1973 and has increased its dividend each year since 2004. The payment and amount of future dividends will depend on existing conditions, including the company's earnings, financial condition, working capital requirements, and other factors.
VSE CEO Maurice "Mo" Gauthier said, "Increasing our quarterly dividend to $0.06 demonstrates the strength of our business model and reflects our confidence in our ability to generate cash and drive shareholder returns."
VSE is a diversified Federal Services company of choice with over 50 years of experience in solving issues of global significance with integrity, agility, and value. VSE is dedicated to making our clients successful by delivering talented people and innovative solutions for logistics, engineering, IT services, construction management and consulting.
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