Gap (GPS) Declares $0.10 Quarterly Dividend; 2.1% Yield
Gap Inc. (NYSE: GPS) today announced that its Board of Directors voted a quarterly dividend of $0.10 per share, $0.40 annualized. The dividend is payable on October 27, 2010 to shareholders of record at the close of business on October 13, 2010. The ex-dividend date is October 11, 2010. Yield on the dividend is 2.1%. /premium_content.php... more
Fortune Brands (FO) Declares $0.19 Quarterly Dividend; 1.5% Yield
Fortune Brands, Inc. (NYSE: FO) declared a regular dividend of $0.19 per share on the Common Stock, $0.76 annualized. The dividend is payable in cash on December 1, 2010, to stockholders of record at the close of business November 10, 2010. The ex-dividend date is November 8, 2010. Yield on the dividend is 1.5%.... more
Bridge Bancorp (BDGE) Declares $0.23 Quarterly Dividend; 3.9% Yield
Bridge Bancorp, Inc. (Nasdaq: BDGE) announced the declaration of a quarterly dividend of $0.23 per share, $0.92 annualized. The dividend will be payable on October 26, 2010 to shareholders of record as of October 12, 2010. The ex-dividend date is October 8, 2010. Yield on the dividend is 3.9%.... more
EnergySolutions, Inc. (ES) Suspends Common Dividend
EnergySolutions, Inc. (NYSE: ES) announces that they will discontinue distribution of common stock dividends, citing the changing need for the usage of company capital. “Following an in-depth review of our uses of capital, we have determined that the capital previously allocated for the common stock dividends would be better utilized for debt reduction and reinvesting in the business to support our internal growth,” said Val Christensen, President and CEO of EnergySolutions. “We believe this policy will improve our ability to deliver financial results that will benefit all of our stockholders.” Quarterly dividends have recently been paid at the rate of $0.025 per share, totalling approximately $9 million per year.... more
EnergySolutions (ES) Cancels Dividend
EnergySolutions (NYSE: ES) has approved the discontinuation of the common stock dividends in light of the Company's changing priorities for the use of capital. "Following an in-depth review of our uses of capital, we have determined that the capital previously allocated for the common stock dividends would be better utilized for debt reduction and reinvesting in the business to support our internal growth," said Val Christensen, President and CEO of EnergySolutions. "We believe this policy will improve our ability to deliver financial results that will benefit all of our stockholders." Quarterly dividends have recently been paid at the rate of $0.025 per share, totalling approximately $9 million per year. /premium_content.php... more
Russian Energy and Dividend Opportunities: Gazprom for Natural Gas, Lukoil for Oil
Contrarian Buy-recommendations Gazprom (OGZPY.PK) and Lukoil (LUKOY.PK) offer a repeat of the high rate of appreciation demonstrated in the 2000s along with the volatility demonstrated during the global financial panic of 2008. The companies’ home country, Russia, may deliver the higher growth of an emerging market economy without the higher debt of developed countries. Politically, the more traditional Prime Minister Putin has restored stability while the new generation President Medvedev strives to apply best practices to create greater prosperity and individual freedom. Despite full progress being years away, the main consideration for investors is that the trend continues positively.The prospective payoff is more than 100% as measured by McDep Ratios for Gazprom and Lukoil at 0.39... more
Emera: Dividend Hike Marks New High
Somewhat quietly, Emera Inc. (EMRAF.PK) announced a 15% increase to its quarterly dividend, which now pays shareholders 32.5 cents every four months. The bump is the firm’s second in the past year.Looking back over the company’s payout history, it looks like Emera's dividend sets a new high for the amount returned to shareholders.... more
Camden National Corp. (CAC) Declares $0.25 Quarterly Dividend; 3% Yield
Camden National Corporation (Nasdaq: CAC), announced today that the Board of Directors of the Company declared a $0.25 per share dividend, $1.00 annualized. The dividend is payable on October 29, 2010 for shareholders of record on October 15, 2010. The ex-dividend date is October 13, 2010. Yield on the dividend is 3%.... more
Ameris Bancorp (ABCB) suspends its stock dividend
Ameris Bancorp (Nasdaq: ABCB) suspends its stock dividend... more
Hormel Foods (HRL) Declares $0.21 Quarterly Dividend; 1.9% Yield
Hormel Foods Corporation (NYSE: HRL) has declared a regular quarterly dividend of $0.21 per common share, $0.84 annualized. The dividend is to be paid November 15, 2010, to stockholders of record at the close of business on October 23, 2010. The ex-dividend date is October 21, 2010. Yield on the dividend is 1.9%.... more