Comtech (CMTL) Initiates 25c/Share Qtr. Dividend; Authorizes $100M Buyback

Comtech (Nasdaq: CMTL) approves the initiation of a quarterly dividend at the rate of $0.25/share. Based on today's closing price of $24.62, the company's new dividend will yield 4.06%. The company has also announced that its Board has authorized a $100 million buyback program.... more

Saul Centers (BFS) Declares $0.36 Quarterly Dividend; 3.5% Yield

Saul Centers, Inc. (NYSE: BFS) has declared a quarterly dividend of $0.36 per share on its common stock, $1.44 annualized. The dividend is to be paid October 29, 2010 to holders of record on October 15, 2010. The ex-dividend date is October 13, 2010. Yield on the dividend is 3.5%.... more

Commercial Metals Co. (CMC) Declares $0.12 Quarterly Dividend; 3.4% Yield

Commercial Metals Company (NYSE: CMC) has declared a quarterly cash dividend of $0.12 per common share, $0.48 annualized. The dividend will be paid on October 15, 2010, to stockholders of record on October 1, 2010. The ex-dividend date is September 29, 2010. Yield on the dividend is 3.4%.... more

First South Bancorp (FSBK) Cuts Dividend 55% to $0.09; Yields 3.4%

First South Bancorp, Inc. (Nasdaq: FSBK) has declared a quarterly cash dividend for the quarter of $0.09, $0.36 annualized. The new dividend is a 55% decrease over the previous rate of $0.20. The dividend is payable October 28, 2010 to stockholders of record as of October 4, 2010. The ex-dividend date is September 29, 2010. Yield on the dividend is 3.4%.... more

Anixter (AXE) Declares Special Dividend of $3.25/Share

Anixter (NYSE: AXE) declares a special dividend of $3.25 per common share. The dividend is payable on October 28 to shareholders of record on October 15.... more

Sanderson Farms (SAFM) Increases Quarterly Dividend 13.3% to $0.17; Yields 1.7%

Sanderson Farms, Inc. (Nasdaq: SAFM) today announced that its Board of Directors has declared a regular cash quarterly dividend of $0.17 per share, $0.68 annualized. The rate is a 13.3% increase from $0.15 for the prior quarter. The dividend is payable October 19, 2010, to stockholders of record on October 5, 2010. The ex-dividend date is October 1, 2010. Yield on the dividend is 1.7%.... more

Washington Post (WPO) Declares $2.25 Quarterly Dividend; 2.5% Yield; Announces 750K Class B Buyback

The Washington Post Company (NYSE: WPO) today declared a regular quarterly dividend of $2.25 per share, $9.00 annualized. The dividend is payable on November 5, 2010, to shareholders of record on October 25, 2010. The ex-dividend date is October 21, 2010. Yield on the dividend is 2.5%. The company also announced a 750,000 Class B common buyback. This authorization includes 16,312 shares that remained under the previous authorization.... more

McDonald's Raises Dividend by 11%

I recently noted that McDonald’s (MCD) stock hit an all-time high. I wrote: “Forty years ago you could have picked up the shares for just 29 cents a piece. That's adjusted for nine stock splits; four 2-for-1s and five 3-for-2s which equals 121.5-for-1. That's a gain of close to 26,000% or nearly 15% a year, and it doesn't include dividends.” Well, dividends certainly mean something and McDonald’s just raised its quarterly dividend by 11% to 61 cents per share. The new dividend indicates a yield of 3.25% which is 75 bps more than a 10-year Treasury. If McDonald’s goes bankrupt, what’s the point of the government still being in business?... more

Bank of Commerce (BOCH) Reduces Quarterly Dividend 50% to $0.03; Yields 2.8%

Bank of Commerce Holdings (Nasdaq: BOCH) declares a quarterly cash dividend of $0.03 per share, $0.12 annualized. The dividend is a 50% reduction from the prior rate of $0.06 per share. The dividend is payable October 8, 2010, to shareholders of record as of September 30, 2010. The ex-dividend date is September 28, 2010. Yield on the dividend is 2.8%.... more

Lockheed Martin (LMT) Raises Qtr. Dividend by 19% to 75c/Share, Yielding 4.17%

Lockheed Martin (NYSE: LMT) raises its quarterly dividend by 19% to $0.75 per common share. The dividend is payable on Dec. 31 to shareholders of record on Dec. 1. The ex-dividend date is Nov. 29. The dividend yield moves from 3.50% to 4.17%.... more