Dividend Scan: ALG, GG, IEX, SVT, MHR, BPOP

Amid the upward swing of the US market, several companies declared their future dividend plans. Some notable dividend payers are discussed here. Alamo Group Inc (NYSE: ALG) declared a quarterly dividend of six cents per share. Shares of the company gained 0.50 percent or 14 cents to $28.30. Goldcorp Inc. (NYSE: GG) announced to maintain its monthly dividend of 3.4 cents per share. Shares of the company gained 1.57 percent or 83 cents to $53.01. IDEX Corp. (NYSE: IEX) declared a 13 percent increase in its regular quarterly cash dividend of 17 cents per common share, payable on April 29, 2011 to shareholders of record on April 15, 2011. Shares of the company lost 0.16 percent or 7 cents to $45.09. Servotronics, Inc (AMEX: SVT) announced a quarterly dividend of 15 cents per share, payable on May 20, 2011 to shareholders of record on April 29, 2011. Shares of the company were last trading at $8.76 with zero percent change on its Tuesday closing. Magnum Hunter Resources Corp. (NYSE: MHR) announced a regular dividend of $0.333 per share, payable on May 2, 2011 to shareholders of record on April 14, 2011. However, shares of the company lost 2.12 percent or 18 cents to $8.31. Popular Inc (Nasdaq: BPOP) declared a monthly cash dividend of $0.132 per share, payable on May 2, 2011 to shareholders of record on April 15, 2011. Shares of the company gained 0.98 percent or 3 cents to $3.10.... Read more