Dividend Scan: SPRD, MSM, GIS, STEI, IEX, CAC

Amidst the positive movement of the U.S. market, several companies declared their future dividend plans. Some notable dividend payers are discussed here. Shares of Spreadtrum Communications Inc. (Nasdaq: SPRD) jumped 11.05 percent, or $1.38, to trade at $13.87 as the company declared a quarterly dividend of 5 cents per American depository share. MSC Industrial Direct Co. Inc. (NYSE: MSM) announced a regular cash quarterly dividend of 22 cents per share, payable on July 26, 2011, to shareholders of record on July 12, 2011. Shares gained 1.06 percent, or 71 cents, to trade at $67.60. General Mills Inc. (NYSE: GIS) declared a 9 percent increase in its quarterly dividend to 30.5 cents per share from its previous 28 cents a share. Shares added 1.05 percent, or 39 cents, to trade at $37.60. Stewart Enterprises Inc. (Nasdaq: STEI) raised its annual dividend by 17 percent to 14 cents per share. The increase will cost the company nearly $1.8 million. Shares added 1.02 percent, or 7 cents, to trade at $6.96. IDEX Corp. (NYSE: IEX) declared a regular quarterly cash dividend of 17 cents per common share. The dividend is payable on July 29, 2011, to shareholders of record on July 15, 2011. Shares added 1.29 percent, or 57 cents, to trade at $44.85. Camden National Corp. (Nasdaq: CAC) announced a quarterly dividend of 25 cents per share, payable on July 29, 2011, to shareholders of record on July 15, 2011. Shares were down 1.78 percent, or 59 cents, to trade at $32.61.... Read more