Why Dividend-Paying Utility Stocks Will Lead the Market Higher
Somewhere in Washington DC Ben Bernanke is surely smiling, if only slightly. In recent weeks, stocks have been rising and last week the Utility Index (XLU) broke to a new 12-month high, signaling that investors may be willing to take on more risk. Amid all the worries Ben carries on his shoulders about the viability of the US economy, he has to constantly be aware of the shifting moods of the players, consumers, and business people, in the current unfolding economic drama. Ben knows what he needs most right now is a catalyst to lift the "animal spirits" of the players so they will return to more normal consumption and investing patterns.... more
Advance America Cash (AEA) Declares Quarterly Dividend of $0.0625; Yield is 5.0%
Advance America, Cash Advance Centers, Inc. (NYSE: AEA) Board of Directors also declared a regular quarterly dividend of $0.0625 per share, $0.25 annualized. The dividend will be payable on December 3, 2010 to stockholders of record as of November 23, 2010. The ex-dividend date is November 19, 2010. The yield is 5.0%... more
Renaissance Learning (RLRN) Shares Rally 70% Amid $2/Share Special Dividend
Shares of Renaissance Learning (Nasdaq: RLRN) have surged more than 70% higher in this evening's after-hours session as the company declared a $2/share special cash dividend. The company also declared a regular quarterly dividend of 8c/share. The dividends will be payable on Dec. 1 to shareholders of record on Nov. 12.... more
ProLogis (PLD) Delcares Dividend of $0.1125; Yield is 3.3%
ProLogis (NYSE: PLD) announced Wednesday that its Board declared ProLogis' fourth quarter dividend of $0.1125 per common share, $0.45 annualized. The dividend is payable on November 30, 2010, to shareholders of record on November 15, 2010. The ex-dividend is November 11, 2010. The yield is 3.3%.... more
TAL International (TAL) Posts Q3 adj.-EPS of $0.60, Tops by 9c; Increases Quarterly Dividend 14.3% to $0.40, Yields 6.4%
TAL International Group, Inc. (TAL) reports Q3 adjustd EPS of $0.60, 9 cents better than the analyst estimate of $0.51. Revenue for the quarter was $95.80 million, which compares to the estimate of $94.77 million. TAL’s Board of Directors has approved and declared a $0.40 per share quarterly cash dividend, $1.60 annualized. The dividend is a 14.3% increase over the current rate of $0.35. The dividend is payable on December 23, 2010 to shareholders of record at the close of business on December 2, 2010. The ex-dividend date is November 30, 2010. Yield on the dividend is 6.4%.... more
California Water (CWT) Declares $0.2975 Quarterly Dividend; 3.2% Yield
California Water Service Group (NYSE: CWT) announced today that its Board of Directors has declared the company's 263rd consecutive quarterly dividend in the amount of $0.2975 per common share, $1.19 annualized. The dividend will be payable on November 19, 2010, to stockholders of record on November 8, 2010. The ex-dividend date is November 4, 2010. Yield on the dividend is 3.2%.... more
Willis Group (WSH) Posts Q3 adj.-EPS of $0.37, Tops by 6c; Declares $0.26 Quarterly Dividend; 3.2% Yield
Willis Group (NYSE: WSH) reports Q3 adjusted EPS of $0.37, 6 cents better than the analyst estimate of $0.31. Revenue for the quarter was $733 million, which compares to the estimate of $736.20 million. The Board of Directors declared a regular quarterly cash dividend on the Company’s ordinary shares of $0.26 per share, $1.04 annualized. The dividend is payable on January 14, 2011 to shareholders of record at December 31, 2010. The ex-dividend date is December 29, 2010. Yield on the dividend is 3.2%.... more
Buckeye Technologies (BKI) Declares $0.04 Quarterly Dividend; 1% Yield
Buckeye Technologies Inc. (NYSE:BKI) declared a regular quarterly cash dividend in the amount of $0.04 per common share, $0.16 annualized. The dividend is payable on December 15, 2010 to shareholders of record as of the close of business on November 15, 2010. The ex-dividend date is November 11, 2010. Yield on the dividend is 1%.... more
NL Industries (NL) Declares $0.125 Quarterly Dividend; 4.6% Yield
NL Industries, Inc. (NYSE: NL) announced today that its board of directors has declared a regular quarterly dividend of $0.125 per Common share, $0.50 annualized. The dividend is payable on December 29, 2010 to shareholders of record at the close of business on December 10, 2010. The ex-dividend date is December 8, 2010. Yield on the dividend is 4.6%.... more
Platinum Underwriter (PTP) Increases Common Buyback to $250M; Declares $0.08 Quarterly Dividend; 0.7% Yield
Platinum Underwriters Holdings, Ltd. (NYSE: PTP) announced that they have increased their current stock buyback program by $194.6 million to $250 million. About $55.4 million remains in the current program. The Company also announced that the Board of Directors has declared a quarterly dividend of $0.08 per common share, $0.32 annualized. The dividend is payable on December 31, 2010 to shareholders of record on December 1, 2010. The ex-dividend date is November 29, 2010. Yield on the dividend is 0.7%.... more