Dividend Companies In The News

A snapshot of the important news and events from the world of dividend paying companies. This week was a slow one for dividend increases, but we did have a spin-off, some earnings releases, and 2 companies announced consumer price increases for their products. Dividend Raises Bank of the Ozarks (OZRK) announced its Board of Directors has approved a regular quarterly cash dividend of $0.18 per common share payable April 22, 2011 to shareholders of record as of April 15, 2011. The dividend of $0.18 per share represents an increase of $0.01 per share, or 5.88%, over the dividend paid in the previous quarter. The Company has increased its quarterly dividend in five of the last six quarters. International Paper (IP) announced that its Board of Directors has approved an increase in its quarterly common stock dividend from eighteen and three-quarter cents ($0.1875) per share to twenty six and one quarter cents ($0.2625) per share, effective for the dividend payable on June 15, 2011 to shareholders of record on May 17, 2011. Mergers, Acquisitions, and Misc McCormick & Company, Incorporated (MKC) reported first quarter financial results for fiscal year 2011 and reaffirms its 2011 outlook. In the first quarter, the Company increased earnings per share 12% on sales increase of 2%. The Company expects 2011 earnings per share of $2.80 to $2.85. HCP (HCP) announced that it has successfully completed its $1.273 billion public offering of 34.5 million shares of common stock at a price per share of $36.90. The deal was upsized from the originally announced 24 million shares due to strong investor demand. HCP anticipates that the net proceeds from this offering will be used to fund a portion of the consideration for the pending HCR ManorCare facilities acquisition. Northrop Grumman (NOC) approved the spin-off of Huntington Ingalls Industries, Inc., a wholly owned subsidiary of Northrop Grumman. Upon completion of the spin-off, Northrop Grumman stockholders will own 100% of the outstanding shares of common stock of HII. At the time of the spin-off, HII will own and operate our shipbuilding business, which has been designing, building, overhauling and repairing a wide variety of ships primarily for the U.S. Navy and the U.S.... Read more