Dividend Scan: NOC, MCO, COST, DD, STBA, ASBC, IBM, PH, BGG

As the U.S. market slowly recovered from the morning loss, several companies declared their quarterly dividends. Some notable dividend payers are discussed here. Northrop Grumman Corp. (NYSE: NOC) raised its quarterly dividend by 6.4 percent to 50 cents per share. Shares of the company gained 0.27 percent, or 17 cents, to trade at $62.66. Moody's Corp. (NYSE: MCO) raised its quarterly dividend to 14 cents per share. Shares of the company jumped 7.55 percent, or $2.71, to trade at $38.62. Costco Wholesale Corp. (Nasdaq: COST) shares added 1.18 percent, or 96 cents, to trade at $80.74 as the company raised its quarterly dividend by 17 percent to 24 cents per share from 20.5 cents. The dividend is payable on May 27, 2011 to shareholders of record on May 13, 2011. EI DuPont de Nemours & Co. (NYSE: DD) declared a quarterly dividend of 41 cents per share, payable on June 10, 2011 to shareholders of record on May 13, 2011. However, shares of the company lost 0.13 percent, or 7 cents, to trade at $54.99. S&T Bancorp Inc. (Nasdaq: STBA) announced a regular cash dividend of 15 cents per share, payable on may 25, 2011 to shareholders of record on April 29, 2011. Shares of the company added 0.34 percent, or 7 cents, to trade at $20.44. Associated Banc-Corp (Nasdaq: ASBC) declared a regular quarterly cash dividend of 1 cent per share, payable on May 16, 2011 to shareholders of record on May 6, 2011. Shares of the company gained 1.11 percent, or 16 cents, to trade at $14.55 International Business Machines (NYSE: IBM) raised its quarterly cash dividend by 15 percent to $75 cents per share. Shares of the company gained 0.46 percent, or 77 cents, to trade at $169.26. Parker Hannifin Corp. (NYSE: PH) announced a 16 percent increase in its quarterly dividend to 37 cents per share from 32 cents a share, payable on June 3, 2011 to shareholders of record on May 10, 2011. Shares of the company slipped 4.54 percent, or $4.47, to trade at $94.02. Briggs & Stratton Corp. (NYSE: BGG) declared a quarterly dividend of 11 cents per share, payable on June 30, 2011 to shareholders of record on June 1, 2011. Shares of the company added 0.09 percent, or 2 cents, to trade at $22.84. ... Read more