Daily dividend news for investors in dividend stocks
Best Buy (NYSE: BBY) has just boosted its quarterly dividend by 7% from $0.14 to $0.15 per common share.... more
Steelcase Inc. (NYSE: SCS) today declared a quarterly cash dividend of $0.04 per share, or $0.12 annualized. The dividend is to be paid on or before July 21, 2010 to shareholders of record as of July 7, 2010. The ex-dividend date is July 5, 2010. Yield on the dividend is 1.5%.... more
Apogee Enterprises, Inc. (Nasdaq: APOG) announced it has declared a quarterly cash dividend of $0.0815 per share, or $0.326 annualized. The dividend is payable on July 28, 2010 to shareholders of record on July 13, 2010. The ex-dividend date is July 11, 2010. Yield on the dividend is 2.8%.... more
We have all heard it… Stodgy, for old people, yawn, boring! These have all been used to describe dividend growth investing. As a dividend growth investor, I sometimes think our strategy is the most misunderstood. It seems everyone understands a trader's mentality as evidenced by the numerous comments on capital appreciation - “Why would you buy that stock? It has been flat for 2 years.” Most understand the income investors mentality as noted by comments like - “Why would you buy that stock when you can buy Amalgamated Risk and it pays a 9% dividend?” Both of these strategies can be successful, as can a dividend growth strategy. Periodically, it is good to remind ourselves why we are dividend growth investors. Dividends Provide Investment Stability In a troubled market, dividend... more
Fortress Investment Group LLC (NYSE: FIG) announced today that it elected not to pay a dividend in the second quarter of 2010. The Board elected to retain capital for potential future investment opportunities and for working capital purposes.... more
First South Bancorp, Inc. (Nasdaq: FSBK) declared a quarterly cash dividend for the quarter ended June 30, 2010 of $0.20 per share, or $0.80 annualized. The dividend is payable July 22, 2010 to stockholders of record as of July 5, 2010. The ex-dividend date is July 1, 2010. Yield on the dividend is 6.9%.... more
Darden Restaurants (NYSE: DRI) reports Q4 EPS of $0.86, ex-items, 2 cents lower than the analyst estimate of $0.88. Revenue for the quarter was $1.86 billion, which compares to the estimate of $1.89 billion. Comps down 0.9%. Raises its quarterly dividend by 28% to $0.32.... more
Robbins & Myers, Inc. (NYSE: RBN) announced today that its Board of Directors approved a regular cash dividend payment of $0.0425 per share,or $0.17 annualized. The dividend is payable on August 6, 2010 to shareholders of record as of July 9, 2010. The ex-dividend date is July 7, 2010. Yield on the dividend is 0.7%.... more
Duke Energy Corporation (DUK) raised the quarterly cash dividend on its common stock by .5 cents to 24.5 cents per share. This action increases the annualized dividend from 96 cents to 98 cents. The dividend is payable on September 16, 2010 to shareholders of record at the close of business on August 13, 2010. This is the 84th consecutive year that Duke Energy has paid a quarterly cash dividend on its common stock. Duke Energy had cash and cash equivalents of $1.1 billion at the end of the first quarter of 2010, compared with $1.2 billion at the end of the year-ago quarter. At the end of the first quarter, total debt stood at $17.2 billion with a debt-to-capitalization ratio of 44%. Total debt, however, was only $15.5 billion at the end of the first quarter of 2009 (debt-to-capitalization... more
Roper Industries, Inc. (NYSE: ROP) announced that its Board of Directors has approved a dividend of $0.095 per share, or $0.38 annualized. The dividend is payable on July 30, 2010 to stockholders of record on July 9, 2010. The ex-dividend date is July 7, 2010. Yield on the dividend is 0.6%.... more