Waste Connections (WCN) Tops Q3 EPS by 2c, Announces 3-for-2 Split, Established Dividend
Waste Connections (NYSE: WCN) reports Q3 EPS of $0.53, 2 cents better than the analyst estimate of $0.51. Revenue for the quarter was $345.8 million, which compares to the estimate of $339.74 million. Announces 3-for 2 split. Also introduces dividend of $0.075 per share.... more
Waste Connections (WCN) Approves 3-for-2 Stock Split and Begins Quarterly Cash Dividend
Waste Connections, Inc. (NYSE: WCN) has authorized a three-for-two split of its common stock, in the form of a 50% stock dividend, payable November 12, 2010, to stockholders of record as of October 29, 2010. The Company also announced that its Board of Directors has approved the initiation of a quarterly cash dividend of $0.075 per split-adjusted share to its stockholders. The cash dividend also will be paid on November 12, 2010, to stockholders of record on the close of business on October 29, 2010. The Board will review the cash dividend periodically, with a long-term objective of increasing the amount of the dividend.... more
Spectra Energy (SE) Declare $0.25 Quarterly Dividend; 4.3% Yield
Spectra Energy Corp (NYSE: SE) has declared a quarterly cash dividend on its common stock of $0.25 per share, $1.00 annualized. The dividend is payable on December 13, 2010, to shareholders of record at the close of business on November 12, 2010. The ex-dividend date is November 10, 2010. Yield on the dividend is 4.3%.... more
Examining International Dividend ETFs
With interest rates at record lows and expected to remain depressed for the foreseeable future, investors have been forced to get creative in their hunt for current return. Some have shifted domestic fixed income holdings along the risk/return continuum, seeking out more attractive yields from junk bonds. Others have ventured beyond the US borders, embracing emerging market bonds as a higher-yielding alternative to Treasuries. Equities have also emerged as a potential source of current return, with the dividend yield on many stocks exceeding the yield on fixed income securities. Billions of dollars have flowed into exchange-traded products focusing on the MLP sector of the domestic energy market, thanks in part to yields in the neighborhood of 6% on these securities. For investors looking... more
Tredegar Corp. (TG) Declares $0.04 Quarterly Dividend; 0.8% Yield
Tredegar Corporation (NYSE: TG) declared a quarterly dividend of $0.04 per share, $0.16 annualized. The dividend is payable on January 1, 2011 to shareholders of record at the close of business on December 17, 2010. The ex-dividend date is December 15, 2010. Yield on the dividend is 0.8%.... more
American Electric Power (AEP) Announces 9.5% Increase in Dividend; Guides FY11 EPS; Increases FY11, FY12 Capital Budget
American Electric Power (NYSE: AEP) announces a 9.5% increase in their quarterly dividend from $0.42 to $0.46, or $1.84 annualized. The company is expected to tell analysts that, to fund growth, the 2011 capital budget will be increased by approximately $150 million to $2.6 billion; the 2012 capital budget is expected to be $2.9 billion. To reduce risk, the company has voluntarily pre-funded $500 million into the pension plan in 2010 with an additional $150 million planned for 2011. The company also is expected to announce it has established an ongoing earnings guidance range for 2011 of between $3.00 and $3.20 per share. Consensus is looking for a FY11 EPS of $3.18.... more
Whirlpool Corp (WHR) Declares $0.43 Quarterly Dividend; 2% Yield
Whirlpool Corporation (NYSE: WHR) declared today a quarterly dividend of $0.43 per share, $1.72 annualized. The dividend is payable December 15, 2010, to stockholders of record at the close of business on November 19, 2010. The ex-dividend date is November 17, 2010. Yield on the dividend is 2%.... more
Twin Disc (TWIN) Declares $0.07 Quarterly Dividend; 1.7% Yield
Twin Disc, Inc. (Nasdaq: TWIN), announced today that the Board of Directors declared a regular quarterly cash dividend of $0.07 per share, $0.28 annualized. The dividend is payable on December 1, 2010, to shareholders of record on November 12, 2010. The ex-dividend date is November 10, 2010. Yield on the dividend is 1.7%.... more
Western Gas Partners (WES) Increases Quarterly Dividend 5.7% to $0.37; Yields 5.2%
Western Gas Partners, LP (NYSE: WES) announced today that the board of directors of its general partner has declared a cash distribution of $0.37 per unit for the third quarter of 2010, $1.48 annualized. The dividend is a 5.7% increase over the prior rate of $0.35. The distribution is payable on November 12, 2010 to unitholders of record at the close of business on October 29, 2010. The ex-dividend date is October 27, 2010. Yield on the dividend is 5.2%.... more
Cummins (CMI) Declares $0.2625 Quarterly Dividend; 1.2% Yield
Cummins Inc. (NYSE: CMI) today approved a quarterly common stock cash dividend of $0.2625 per share, $1.05 annualized. The dividend is payable December 1, 2010 to shareholders of record on November 22, 2010. The ex-dividend date is November 18, 2010. Yield on the dividend is 1.2%.... more