Stocks Trading Ex-Dividend on 5/6/2016

The following is a list of companies trading ex-dividend on Friday, May 6th:

Mueller Water Products, Inc. (NYSE: MWA) declared a quarterly dividend of $0.03 per share, or $0.12 annualized. This is a 50% increase from the prior dividend of $0.02. The dividend will be payable on May 20, 2016, to stockholders of record on May 10, 2016, with an ex-dividend date of May 6, 2016. The annual yield on the dividend is 1.2 percent. “We are increasing our dividend as part of a disciplined capital allocation strategy that seeks to enhance the value delivered to our stockholders,” said Gregory E. Hyland, chairman, president and chief executive officer. “The increase reflects our continued confidence in the Company’s strong financial position and growth prospects.”
Constellation Brands (NYSE: STZ) declared a quarterly dividend of $0.40 per share, or $1.6 annualized. This is a 29% increase from the prior dividend of $0.31. The dividend will be payable on May 24, 2016, to stockholders of record on May 10, 2016, with an ex-dividend date of May 6, 2016. The annual yield on the dividend is 1.1 percent.
Cedar Realty Trust (NYSE: CDR) declared a quarterly dividend of $0.05 per share, or $0.2 annualized. The dividend will be payable on May 20, 2016, to stockholders of record on May 10, 2016, with an ex-dividend date of May 6, 2016. The annual yield on the dividend is 2.9 percent.
PPG Industries (NYSE: PPG) declared a quarterly dividend of $0.40 per share, or $1.6 annualized. This is an 11.1% increase from the prior dividend of $0.36. The dividend will be payable on June 10, 2016, to stockholders of record on May 10, 2016, with an ex-dividend date of May 6, 2016. The annual yield on the dividend is 1.4 percent.
Southern Copper Corp. (NYSE: SCCO) declared a quarterly dividend of $0.05 per share, or $0.2 annualized. This is a 66.7% increase from the prior dividend of $0.03. The dividend will be payable on May 24, 2016, to stockholders of record on May 10, 2016, with an ex-dividend date of May 6, 2016. The annual yield on the dividend is 0.7 percent.
Tower Int'l (NYSE: TOWR) declared a quarterly dividend of $0.10 per share, or $0.4 annualized. The dividend will be payable on June 10, 2016, to stockholders of record on May 10, 2016, with an ex-dividend date of May 6, 2016. The annual yield on the dividend is 1.5 percent.
Parker-Hannifin (NYSE: PH) declared a quarterly dividend of $0.63 per share, or $2.52 annualized. The dividend will be payable on June 3, 2016, to stockholders of record on May 10, 2016, with an ex-dividend date of May 6, 2016. The annual yield on the dividend is 2.2 percent.
IBM (NYSE: IBM) declared a quarterly dividend of $1.40 per share, or $5.6 annualized. This is a 7.7% increase from the prior dividend of $1.30. The dividend will be payable on June 10, 2016, to stockholders of record on May 10, 2016, with an ex-dividend date of May 6, 2016. The annual yield on the dividend is 3.8 percent.
American Electric Power (NYSE: AEP) declared a quarterly dividend of $0.56 per share, or $2.24 annualized. The dividend will be payable on June 10, 2016, to stockholders of record on May 10, 2016, with an ex-dividend date of May 6, 2016. The annual yield on the dividend is 3.6 percent.
Rollins (NYSE: ROL) declared a quarterly dividend of $0.10 per share, or $0.4 annualized. The dividend will be payable on June 10, 2016, to stockholders of record on May 10, 2016, with an ex-dividend date of May 6, 2016. The annual yield on the dividend is 1.5 percent.
Calamos Asset Management (Nasdaq: CLMS) declared a quarterly dividend of $0.15 per share, or $0.6 annualized. The dividend will be payable on May 24, 2016, to stockholders of record on May 10, 2016, with an ex-dividend date of May 6, 2016. The annual yield on the dividend is 6.6 percent.
Marine Products (NYSE: MPX) declared a quarterly dividend of $0.06 per share, or $0.24 annualized. The dividend will be payable on June 10, 2016, to stockholders of record on May 10, 2016, with an ex-dividend date of May 6, 2016. The annual yield on the dividend is 2.8 percent.
Alexanders (NYSE: ALX) declared a quarterly dividend of $4.00 per share, or $16 annualized. The dividend will be payable on May 20, 2016, to stockholders of record on May 10, 2016, with an ex-dividend date of May 6, 2016. The annual yield on the dividend is 4.2 percent.
Vornado Realty Trust (NYSE: VNO) declared a quarterly dividend of $0.63 per share, or $2.52 annualized. The dividend will be payable on May 20, 2016, to stockholders of record on May 10, 2016, with an ex-dividend date of May 6, 2016. The annual yield on the dividend is 2.6 percent.
Park Sterling (Nasdaq: PSTB) declared a quarterly dividend of $0.03 per share, or $0.12 annualized. The dividend will be payable on May 24, 2016, to stockholders of record on May 10, 2016, with an ex-dividend date of May 6, 2016. The annual yield on the dividend is 1.7 percent.

Olin Corp. (NYSE: OLN) declared a quarterly dividend of $0.20 per share, or $0.8 annualized. The dividend will be payable on June 10, 2016, to stockholders of record on May 10, 2016, with an ex-dividend date of May 6, 2016. The annual yield on the dividend is 3.7 percent.
Heritage Commerce (Nasdaq: HTBK) declared a quarterly dividend of $0.09 per share, or $0.36 annualized. The dividend will be payable on May 25, 2016, to stockholders of record on May 10, 2016, with an ex-dividend date of May 6, 2016. The annual yield on the dividend is 3.5 percent.
Investors Bancorp (Nasdaq: ISBC) declared a quarterly dividend of $0.06 per share, or $0.24 annualized. The dividend will be payable on May 25, 2016, to stockholders of record on May 10, 2016, with an ex-dividend date of May 6, 2016. The annual yield on the dividend is 2 percent. The Company announced today that its Board of Directors approved the Company's third share repurchase program which authorizes the repurchase of an additional 10% of the Company's outstanding shares of common stock, or approximately 31 million shares. The new repurchase program will commence immediately upon completion of the second repurchase plan announced in June 2015.
Seagate Technology (Nasdaq: STX) declared a quarterly dividend of $0.63 per share, or $2.52 annualized. The dividend will be payable on May 24, 2016, to stockholders of record on May 10, 2016, with an ex-dividend date of May 6, 2016. The annual yield on the dividend is 9.4 percent.... Read more