Dividend Scan: BKSC, UTX, RTN, BOOM, SCS, ACU, RBN, CITZ

Published Thu, 24 Mar 2011 16:52:21 GMT on iStockAnalyst

The US market remained on the positive territory as Boeing Company (NYSE: BA) announced to reconsider increasing its dividend in 2012. Several companies declared their future dividend plans providing impetus to the investors' confidence. Some notable dividend payers are discussed here. Bank of South Carolina Corporation (Nasdaq: BKSC) declared a quarterly dividend of $0.10 per share, payable on April 29, 2011 to shareholders of record on April 8, 2011. BKSC was trading at $11.55 with a zero percent change over its Wednesday's close. United Technologies Corporation (NYSE: UTX) announced to raise its current quarterly dividend of 42.5 cents per share subsequently in every five quarters. UTX added 0.57 percent or $0.47 to $82.33. Raytheon Company (NYSE: RTN) raised its annual dividend by 15 percent to $1.72 per share from its previous $1.50 a share. RTN was up 1.61 percent or $0.81 to $51.24. Dynamic Materials Corporation (Nasdaq: BOOM) added 1.85 percent or $0.47 to $25.88 as it declared a regular cash dividend of 4 cents per share. The dividend is payable on April 15, 2011 to shareholders of record on March 31, 2011. Steelcase Inc (NYSE: SCS) jumped 12.59 percent or $1.20 to $10.73 during the day's trading. The company has announced an increase of 50 percent in its quarterly dividend to $0.06 per share. The dividend is payable on April 13, 2011 to shareholders of record on April 1, 2011. Acme United Corporation (AMEX: ACU) declared a cash dividend of 6 cents per share, payable on April 27, 2011 to shareholders of record on April 6, 2011. ACU added 0.22 percent or $0.02 to $9.20. Robbins & Meyers Inc (NYSE: RBN) announced a regular quarterly cash dividend of $0.045 per share, payable on May 6, 2011 to shareholders of record on April 7, 2011. RBN added 1.36 percent or $0.59 to $43.98. CFS Bancorp Inc (Nasdaq: CITZ) lost 0.18 percent or $0.01 to $5.50 despite declaring a quarterly cash dividend of $0.01 per share. The dividend is payable on April 29, 2011 to shareholders of record on April 8, 2011.... Read more