Dividend Scan: AM, USB, CIM, EE, IPHS, JFE, MRX, RBN

Amid the negative movement of the US market, several companies declared their future dividend plans. Some notable dividend payers are discussed here. American Greetings Corporation (NYSE: AM) gained 0.31 percent or $0.07 to $22.52 after it announced to pay a quarterly dividend of 15 cents per share. The dividend is payable on April 21, 2011 to shareholders of record on April 11, 2011. U.S. Bancorp (NYSE: USB) plans to raise its quarterly dividend to 12.5 cents per share, payable on April 15, 2011 to shareholders of record on March 31, 2011. USB lost 0.04 percent or $0.01 to $26.59 despite the dividend growth. Chimera Investment Corporation (NYSE: CIM) announced a decrease of 18 percent in its quarterly dividend to 14 cents per share from its previous 17 cents a share. CIM slipped 2.45 percent or $0.11 to $4.18. El Paso Electric Company (NYSE: EE) added 1.73 percent or $0.49 to $28.77 after it declared a quarterly dividend of 22 cents per share. Innophos Holdings Inc (Nasdaq: IPHS) raised its quarterly dividend by 47 percent to 25 cents a share from its previous 17 cents per share. IPHS lost 1.49 percent or $0.59 to $39.85. Jefferies Group Inc (NYSE: JEF) declared a quarterly dividend of $0.075 per share, payable on May 16, 2011 to shareholders of record on April 15, 2011. JEF gained 0.45 percent or $0.11 to $24.65. Medicis Pharmaceuticals Corp (NYSE: MRX) declared a quarter cash dividend of $0.08 per share, a 33 percent increase compared to its previous dividend of $0.06 a share. The dividend is payable on April 29, 2011 to shareholders of record on April 1, 2011. However, MRX was down 0.20 percent or $0.06 to $30. Robbins & Myers Inc (NYSE: RBN) lost 1.65 percent or $0.73 to $43.51 despite declaring a regular quarterly cash dividend of $0.045 per share. The dividend is payable on May 6, 2011 to shareholders of record on April 7, 2011. ... Read more