Daily dividend news for investors in dividend stocks

CLARCOR (CLC) Announces $250M Common Buyback; Declares $0.0975 Quarterly Dividend, 1.1% Yield

At its regular meeting held June 22, 2010, the Board of Directors of CLARCOR Inc. (NYSE: CLC) authorized a $250 million stock repurchase program. Pursuant to the authorization, CLARCOR may purchase shares from time to time in the open market or through privately negotiated transactions over the next three years. CLARCOR has no obligation to repurchase shares under the authorization, and the timing, actual number and value of shares to be purchased will depend on CLARCOR’s stock price and market conditions. This authorization replaces CLARCOR’s previous share repurchase authorization which was due to expire on June 25, 2010. CLARCOR’s Board of Directors also declared a regular quarterly dividend of $0.0975 per share, or $0.39 annualized. The dividend is payable Friday, July 23,... more

StreetInsiderStock symbol(s): CLC

Johnson & Johnson: The Best Dividend Growth Stock

Johnson & Johnson (JNJ) engages in the research and development, manufacture, and sale of various products in the health care field worldwide. The company operates in three segments: Consumer, Pharmaceutical, and Medical Devices and Diagnostics. Johnson & Johnson is a major component of the S&P 500, Dow Industrials and the Dividend Aristocrats Indexes. One of the company’s largest shareholders includes Warren Buffett. JNJ has been consistently increasing its dividend for 48 consecutive years. Dividend author Dave Van Knapp has also included the company in his most recent book "The Top 40 Dividend Stocks for 2010".Over the past decade this dividend stock has delivered a 4.90% average annual total return to its shareholders.At the same time company has managed to deliver a 11.10% average... more

SeekingAlphaStock symbol(s): JNJ

Chico's FAS (CHS) Declares $0.04 Quarterly Dividend; 1.5% Yield

Chico"s FAS, Inc. (NYSE: CHS) announced that its Board of Directors has declared a quarterly cash dividend of $0.04 per share, or $0.16 annualized. The dividend will be payable on September 21, 2010 to Chico's FAS shareholders of record at the close of business on September 7, 2010. The ex-dividend date is September 3, 2010. Yield on the dividend is 1.5%.... more

StreetInsiderStock symbol(s): CHS

Masco Corp. (MAS) Declares $0.075 Quarterly Dividend; 2.6% Yield

Masco Corporation (NYSE: MAS) today announced that its Board of Directors declared a quarterly dividend of $0.075 per common share, or $0.30 annualized. The dividend is payable on August 9, 2010, to shareholders of record on July 9, 2010. The ex-dividend date is July 7, 2010. Yield on the dividend is 2.6%.... more

StreetInsiderStock symbol(s): MAS

Coffee Holding (JVA) Declares $0.03 Quarterly Dividend; 2.4% Yield

Coffee Holding Co., Inc. (Nasdaq: JVA) today announced that its Board of Directors has declared a quarterly cash dividend on the company's common stock of $0.03 per share, or $0.12 annualized. The dividend will be paid on July 29, 2010, stockholders of record as of the close of business on July 16, 2010. The ex-dividend date is July 14, 2010. Yield on the dividend is 2.4%.... more

StreetInsiderStock symbol(s): JVA

Is Mattel a Dividend Toy Story?

With the release of Toy Story 3, Mattel (MAT) is currently receiving a lot of investor attention. The stock currently commands a P/E ratio of 13.6, and offers an above-average dividend yield of 3.4%. Mattel only has 22% debt on the balance sheet and generates strong, albeit inconsistent, cash flows. At first glance this all sounds rather attractive for the conservative investors seeking dividend income, however, the story is not as sanguine when reviewing Mattel's history. It's a simple and undeniable fact that dividends are a function of earnings. For short periods of time a company can maintain their dividend during a temporary earnings interruption. Over the longer term earnings must manifest in order for the dividend to be safe. The operating history of Mattel, as it relates to its... more

SeekingAlphaStock symbol(s): MAT

6 Dividend Stocks Avoiding June Freeze

For a dividend investor, there is not much worse than a stock that cuts or eliminates its dividend. Suddenly, the reason you purchased the stock no longer exists. Many dividend investors, myself included, have a hard and fast rule to immediately sell any stock held as income investment if it cuts its dividend. However, when a company freezes its dividend at the current rate, the decision is not as clear-cut. At this point you must look look at alternative investments, along with the company’s current yield and future outlook.... more

SeekingAlphaStock symbol(s): BBY,DRI,DUK,MDT,PETM,PFBX

First United (FUNC) Declares $0.01 Quarterly Dividend; 0.9% Yield

First United Corporation (Nasdaq: FUNC) declared a third quarter cash dividendof $0.01, or $0.04 annualized. The third quarter dividend will be paid on August 2, 2010 to shareholders of record as of July 14, 2010. The ex-dividend date is July 12, 2010. Yield on the dividend is 0.9%.... more

StreetInsiderStock symbol(s): FUNC

Searching for Airline Dividend Stocks

The thought of considering an airline stock as a dividend play is probably foreign to most investors. The airline industry has never been able to consistently produce profits and has spent most of the last decade bleeding red ink. Reviewing a list of non-dividend paying airlines stocks seems to encapsulate most of the airline industry.American Airlines (AMR), Delta (DAL), United Airlines (UAUA), Continental Airlines (CAL), US Airways (LCC), JetBlue (JBLU), and AirTran (AAI) don’t offer investors any dividend at all.There are a couple of domestic airline stocks that do pay dividends, but the dividend yields that they offer don’t exactly get investors excited.Southwest Airlines (LUV) - 0.1% dividend yieldSkyWest (SKYW) - 1.2% dividend yieldAllegiant Travel (ALGT) - 1.6% dividend yieldOn... more


How to Receive Dividends from MLPs

MLPs are master limited partnerships with ownership measured in units that pay distributions. Last week I wrote about two MLPs: Kinder Morgan (KMP) and Enbridge Partners (EEP). Each also finances its business with a corporation; equity is measured in shares that pay stock dividends. Some readers were confused about the corporations, especially regarding tax implications, so I will try again.Each corporation has only one purpose, owning units in the partnership. A share is backed by one unit that tracks the unit price. Stock dividends (i.e. no money) are paid based on the distribution paid to a unit and the average stock price prior to the dividend date. Shares accumulate over time, the only tax issue for shareholders is when stock is sold. Capital gains are taxed at capital gains rates.... more

SeekingAlphaStock symbol(s): EEP,EEQ,KMP,KMR