Dividend Scan: LTD, MRCL, HT, TUC, GLDD, TCAP

Several companies declared their future dividend plans despite the U.S. market trading red in the morning session. Some notable dividend payers are discussed here. Limited Brands Inc. (NYSE: LTD) declared a quarterly dividend of 20 cents per share and a special dividend of $1 per share. The quarterly dividend is payable on June 17, 2011, to shareholders of record on June 7, 2011, and the special dividend will be payable on July 1, 2011, to shareholders of record on June 17, 2011. However, shares were down 1.25 percent, or 50 cents, to trade at $39.46. Micrel Inc. (Nasdaq: MRCL) shares fell 0.08 percent, or 1 cent, to trade at $11.76 despite raising its quarterly dividend by 14 percent to 4 cents per share. Hersha Hospitality Trust (NYSE: HT) declared a cash dividend of 50 cents per series A preferred share for the second quarter ending June 30, 2011. The dividend is payable July 15, 2011, to shareholders of record on July 1, 2011. Shares fell 0.33 percent, or 2 cents, to trade at $6. Shares of Mac-Gray Corp. (NYSE: TUC) added 0.46 percent, or 7 cents, to trade at $15.45 as it declared a quarterly dividend of $0.055 per share. The dividend is payable on July 1, 2011, to shareholders of record on June 15, 2011. Great Lakes Dredge & Dock Corp. (Nasdaq: GLDD) announced a quarterly cash dividend of 21 cents per share, payable on June 17, 2011, to shareholders of record on June 10, 2011. Shares were down 1.65 percent, or 10 cents, to trade at $5.97. Shares of Triangle Capital Corp. (NYSE: TCAP) fell 1.35 percent, or 26 cents ,to trade at $18.93 despite declaring a cash dividend of 44 cents per share. The dividend is payable on June 29, 2011, to shareholders of record on June 15, 2011.... Read more