Dividend Scan: QCOM, BNS, ADC, CHK, GG, PLW, ITT

Amid the volatility in the market, CEO of Bank of America Corporation (NYSE: BAC) Brian Moynihan declared that the bank plans to increase its dividend as the bank focuses on returning every penny in capital to shareholders through regular and special cash dividends. Several companies joined the celebration by declaring their annual and quarterly dividends. Some notable dividend payers are discussed here.
Qucalcomm Incorporated (Nasdaq: QCOM) slipped 2.34 percent or $1.33 to $56.25 despite raising its quarterly dividend by 13 percent to 21.5 cents per share from 19 cents a share, payable after March 25, 2011.
Bank of Nova Scotia (NYSE: BNS) boosted its quarterly dividend by 6.1 percent to 52 cents per share. However, BNS lost 1.62 percent or $1 to $60.82.
Agree Realty Corporation (NYSE: ADC) gained 0.63 percent or $0.15 to $24.14 as it declared a first quarter 2011 dividend on the company's common stock in the amount of 40 cents per share.
Chesapeake Energy Corporation (NYSE: CHK) announced to pay a quarterly dividend of 7.5 cents a share, payable on April 15, 2011. CHK was down 2.42 percent or $0.81 to $32.64.
Goldcorp Incorporated (NYSE: GG) increased its monthly dividend by 11 percent to $0.034 per share, payable on March 25, 2011 to shareholders of record on March 17, 2011. Despite the hike, GG was down 1.50 percent or $0.75 to $49.24.
Douglas Dynamics Inc (NYSE: PLOW) announced a special cash dividend of $0.37 per share on its common stock, payable on March 31, 2011 to shareholders of record on March 21, 2011. PLOW slipped 0.27 percent or $0.04 to $14.72 in the day's trading.
ITT Corporation (NYSE: ITT) added 0.72 percent or $0.42 to $57.09 as the company announced a quarterly dividend of 25 cents per share, payable on April 01, 2011 to shareholders of record on March 2, 2011.... Read more