RF Industries, Ltd., (Nasdaq: RFIL) announced that their Board has declared a two-for-one split.
The Board also declared a quarterly dividend of $0.02 per common share post-split, $0.08 annualized. The dividend is a 33% increase from the current rate, following the split.
The dividend is payable on April 15, 2011, to shareholders of record on March 31, 2011. The ex-dividend date is March 29, 2011.
Yield on the dividend, currently, is 1%.
Disclosure None
Showing posts with label Stock Splits. Show all posts
Showing posts with label Stock Splits. Show all posts
Saturday, February 19, 2011
Sara Lee (SLE) to Split into Two Public Entities; Sees $3/Share Special Dividend, Offers FY11 Guidance
Sara Lee Corp. (NYSE: SLE) announced that its Board has agreed in principle to divide the company into two separate, publicly traded companies. The separation is expected to be completed in early calendar year 2012.
Under the plan approved, Sara Lee’s North American Retail and North American Foodservice units (excluding the North American beverage business) will be spun off, tax-free, into a new public company that will retain the “Sara Lee” name. Its brands will include Sara Lee, Jimmy Dean, Ball Park, Hillshire Farm, Chef Pierre and State Fair.
The yet to be named other company will consist of Sara Lee’s current International Beverage and Bakery businesses, as well as the North American beverage business. Its leading brands will include Douwe Egberts, Senseo, Pickwick, Maison du Café, L’OR, Café Pilão, Marcilla and Bimbo.
In conjunction with today's news, Sara Lee's Board has said it intends to declare a $3/share special dividend on common stock, the majority of which will be funded with proceeds from the sale of the company’s North American Fresh Bakery business. The special dividend is expected to be declared and paid in fiscal 2012 and before completion of the spin-off of Sara Lee’s North American Retail and North American Foodservice businesses.
Sees FY11 EPS from continuing operations of 82-86c, with sales of $11.9-$12.1 billion and cash flow from operations of about $400-$500 million.
Disclosure NONE and no plans in the future.
Under the plan approved, Sara Lee’s North American Retail and North American Foodservice units (excluding the North American beverage business) will be spun off, tax-free, into a new public company that will retain the “Sara Lee” name. Its brands will include Sara Lee, Jimmy Dean, Ball Park, Hillshire Farm, Chef Pierre and State Fair.
The yet to be named other company will consist of Sara Lee’s current International Beverage and Bakery businesses, as well as the North American beverage business. Its leading brands will include Douwe Egberts, Senseo, Pickwick, Maison du Café, L’OR, Café Pilão, Marcilla and Bimbo.
In conjunction with today's news, Sara Lee's Board has said it intends to declare a $3/share special dividend on common stock, the majority of which will be funded with proceeds from the sale of the company’s North American Fresh Bakery business. The special dividend is expected to be declared and paid in fiscal 2012 and before completion of the spin-off of Sara Lee’s North American Retail and North American Foodservice businesses.
Sees FY11 EPS from continuing operations of 82-86c, with sales of $11.9-$12.1 billion and cash flow from operations of about $400-$500 million.
Disclosure NONE and no plans in the future.
Monday, February 14, 2011
Potash Doubles Dividend and Announces Stock Split
Potash Corporation of Saskatchewan Inc. (POT) announced today that the company is offering a 3-for-1 stock split and increasing their quarterly dividend by 110%.
If final regulatory approval is received, Potash shareholders will receive 2 additional shares for each share they own as of February 16, 2011. Potash shares are expected to begin trading on a split basis on February 14, 2011 on the Toronto Stock Exchange and February 25, 2011 on the New York Stock Exchange.
The fertilizer stock is also more than doubling their dividend which will lift their current yield to 0.5% based on yesterday’s closing price.
Potash President and Chief Executive Officer Bill Doyle commented in a statement. “Our shareholders have provided the important capital that has helped prepare our company for the next stage of growth. The doubling of our dividend reflects the confidence we have in the long-term drivers of our business and further commitment to using our strong cash flow to create value for our shareholders. Additionally, the increased number of shares resulting from the split should enhance trading liquidity in our stock.”
Potash shares have been on a roll since receiving an unsolicited takeover bid from BHP Billiton (BHP) last summer. The $39 billion deal unraveled when BHP failed to gain regulatory approval for the deal. Maybe BHP should follow Potash’s lead and focus on dividends and not acquisitions to increase shareholder value.
The dividend will be paid out on a post-split basis of $.07 per share on May 5, 2011 to shareholders of record as of April 14, 2011.
Disclosure NONE
Eaton Rewards Shareholders with Dividend Hike and Stock Split
Eaton Corporation (ETN) announced today that the company is offering a 2-for-1 stock split and increasing their quarterly dividend by 17% to $.68 per share.
The dividend hike will increase the current yield on Eaton shares to 2.6% based on yesterday’s closing price.
Eaton has now paid dividends to their shareholders for every year since 1923. Last July, the company announced a 16% dividend increase.
Alexander M. Cutler, Eaton chairman and chief executive officer said in a statement, “In light of our strong 2010 results and our outlook for 2011, we are increasing our quarterly dividend by 17 percent. In addition, due to the handsome growth in our stock price, which has risen by more than 60 percent since the start of 2010, we are announcing a two-for-one stock split.”
The 2-for-1 stock split will result in every shareholder as of February 7, 2011 receiving an additional share of common stock. Eaton shares will begin trading on March 1, 2011 on a post-split basis.
The dividend will be payable a pre-split basis on February 25, 2011 to shareholders of record as of February 7, 2011.
Disclosure I am long ETN shares.
Sunday, January 30, 2011
Eaton Corp Q4 Profit Beats View; Boosts Dividend; Announces 2-for-1 Split (ETN)
Diversified power management specialist Eaton Corporation (ETN) on Thursday posted better-than-expected fourth quarter earnings, raised its dividend payout by 17%, and announced a two-for-one stock split.
The Cleveland-based company reported fourth quarter net income of $280 million, or $1.63 per share, compared with $211 million, or $1.25 per share, in the year-ago period. Excluding items, adjusted profit was $1.69 per share.
On average, Wall Street analysts expected a smaller profit of $1.67 per share, on lower revenue of $3.63 billion. Looking ahead, the company said it expects full-year 2011 profit to range from $7.00 to $7.60 per share, while analysts currently expect $7.26 for the year.
Separately, the company boosted its quarterly dividend payout by 17%. The new dividend of 68 cents per share (up from 58 cents) will be paid on Feb. 25 to shareholders of record as of Feb. 7. Eaton also announced a two-for-one stock split, which will take place on Feb. 28 for shareholders of record as of Feb. 7. Eaton Corp shares rose 55 cents, or +0.5%, in premarket trading Thursday.
The Bottom Line
We have been recommending shares of Eaton Corp (ETN) since Nov.24, 2010, when the stock was trading at $95.81. The company will now have a 2.60% dividend yield, based on the higher dividend payout and last night’s closing stock price of $104.61.
Disclosure I am long ETN shares.
The Cleveland-based company reported fourth quarter net income of $280 million, or $1.63 per share, compared with $211 million, or $1.25 per share, in the year-ago period. Excluding items, adjusted profit was $1.69 per share.
Revenue rose 17% from last year to $3.66 billion.
On average, Wall Street analysts expected a smaller profit of $1.67 per share, on lower revenue of $3.63 billion. Looking ahead, the company said it expects full-year 2011 profit to range from $7.00 to $7.60 per share, while analysts currently expect $7.26 for the year.
Separately, the company boosted its quarterly dividend payout by 17%. The new dividend of 68 cents per share (up from 58 cents) will be paid on Feb. 25 to shareholders of record as of Feb. 7. Eaton also announced a two-for-one stock split, which will take place on Feb. 28 for shareholders of record as of Feb. 7. Eaton Corp shares rose 55 cents, or +0.5%, in premarket trading Thursday.
The Bottom Line
We have been recommending shares of Eaton Corp (ETN) since Nov.24, 2010, when the stock was trading at $95.81. The company will now have a 2.60% dividend yield, based on the higher dividend payout and last night’s closing stock price of $104.61.
Disclosure I am long ETN shares.
7 Companies Increasing Dividends Last Week
It was another big week for income-oriented dividend stock investors, as a bevy of high-profile corporate names upped their payouts. Dividend stocks raising their yields include Intel (NASDAQ: INTC), Time Warner Cable Inc. (NYSE: TWC), Potash Corp. of Saskatchewan (NYSE: POT), Norfolk Southern Corp. (NYSE: NSC), Praxair Inc. (NYSE: PX), Parker Hannifin Corp. (NYSE: PH) and Limited Brands (NYSE: LTD).
Perhaps the biggest name on the list of dividend winners last week was semiconductor marker Intel (NASDAQ: INTC). The chipmaker and tech bellwether boosted its dividend payments by the largest amount in five years while also adding $10 billion to its stock buy-back plans. The company raised its quarterly dividend to 18.12 cents per share, a 15% increase from the previous quarter. The additional $10 billion for share repurchases brings the overall buyback authorization to $14.2 billion. Intel said the dividend is payable March 1 to shareholders of record as of Feb. 7.
In addition to the big tech sector dividend bump, we also saw a spike in dividends from the entertainment sector. Cable TV provider Time Warner Cable Inc. (NYSE: TWC) raised its dividend last week, declaring a quarterly payout of 48 cents per share. That figure represents a 20% increase over its prior dividend. News of the dividend boost came as Time Warner Cable reported better-than-expected fourth-quarter earnings. The new payout from the second-largest U.S. cable-television operator will be handed out on March 15 to shareholders of record on Feb. 26.
Agriculture stars also shined this week, as fertilizer and feed products provider Potash Corp. of Saskatchewan (NYSE: POT) announced that its board of directors had approved a three-for-one stock split of its outstanding common shares. Under the terms of the deal, shareholders will receive two additional shares for each share owned as of Feb. 16. Now, in addition to the split, Potash made the deal even more interesting by increasing their quarterly cash dividend to 21 cents a share from 10 cents a share on a pre-split basis. The company also declared a quarterly cash dividend of 7 cents per common share on a post-split basis, which is payable May 5 to shareholders of record on April 14.
The transportation sector also saw representation in the array of companies raising dividends last week.
Railroad operator Norfolk Southern Corp. (NYSE: NSC) upped its quarterly dividend 11% to 40 cents a share from 36 a share. The dividend increase was the second since the transportation giant boosted its payout by 2 cents a share in July. This year’s dividend increase is nearly double the 6% dividend increase from Norfolk Southern in 2010. The increased dividend will be payable on March 10 to shareholders of record as of Feb. 4. One day after declaring the increased dividend, Norfolk Southern Corp. said its fourth quarter profit rose 31%. The strong performance of late in the railroad industry, including Norfolk Southern competitors CSX Corp. (NYSE: CSX) and Union Pacific Corp. (NYSE: UNP), bodes well for this traditionally strong dividend-paying sector.
Industrial gases firm Praxair Inc. (NYSE: PX) raised its dividend by 11% despite reporting fourth-quarter profit that fell 61% on tax charges. Charges aside, however, the company actually saw better-than-expected revenue from cost-cutting and growing sales in emerging markets. The global giant’s new dividend will be 50 cents per share, and it will be payable March 15 to shareholders of record as of March 7. Dividend increases are all too common for Praxair. The most recent bump is its 18th consecutive annual dividend increase.
Another global industrial powerhouse spreading the wealth to shareholders is Parker Hannifin Corp. (NYSE: PH). The company increased its quarterly cash dividend to 32 cents per share, payable on March 4 to shareholders of record as of Feb. 10. The new dividend represents a 10% increase over the previous quarterly dividend of 29 cents per common share. Although Parker Hannifin’s profit margins in the most recent quarter fell, the company — seen as a barometer for the entire global industrial segment — still managed to dish out the cash to investors.
Fashion retailer Limited Brands (NYSE: LTD) proved it can combine the concepts “sexy” and “dividends” with its latest announcement. The company, which operates intimate apparel specialty store Victoria’s Secret as well as the Bath & Body Works and La Senza retail chains, said it was increasing its annual dividend by 20 cents to 80 cents per share. The first quarterly payment at the new rate will take place on March 11 to shareholders of record on Feb. 25. Now income investors can slip into something a little more comfortable that includes a sweet quarterly cash bonus.
Disclosure I am long UNP, NSC, and INTC.
Perhaps the biggest name on the list of dividend winners last week was semiconductor marker Intel (NASDAQ: INTC). The chipmaker and tech bellwether boosted its dividend payments by the largest amount in five years while also adding $10 billion to its stock buy-back plans. The company raised its quarterly dividend to 18.12 cents per share, a 15% increase from the previous quarter. The additional $10 billion for share repurchases brings the overall buyback authorization to $14.2 billion. Intel said the dividend is payable March 1 to shareholders of record as of Feb. 7.
Agriculture stars also shined this week, as fertilizer and feed products provider Potash Corp. of Saskatchewan (NYSE: POT) announced that its board of directors had approved a three-for-one stock split of its outstanding common shares. Under the terms of the deal, shareholders will receive two additional shares for each share owned as of Feb. 16. Now, in addition to the split, Potash made the deal even more interesting by increasing their quarterly cash dividend to 21 cents a share from 10 cents a share on a pre-split basis. The company also declared a quarterly cash dividend of 7 cents per common share on a post-split basis, which is payable May 5 to shareholders of record on April 14.
The transportation sector also saw representation in the array of companies raising dividends last week.
Railroad operator Norfolk Southern Corp. (NYSE: NSC) upped its quarterly dividend 11% to 40 cents a share from 36 a share. The dividend increase was the second since the transportation giant boosted its payout by 2 cents a share in July. This year’s dividend increase is nearly double the 6% dividend increase from Norfolk Southern in 2010. The increased dividend will be payable on March 10 to shareholders of record as of Feb. 4. One day after declaring the increased dividend, Norfolk Southern Corp. said its fourth quarter profit rose 31%. The strong performance of late in the railroad industry, including Norfolk Southern competitors CSX Corp. (NYSE: CSX) and Union Pacific Corp. (NYSE: UNP), bodes well for this traditionally strong dividend-paying sector.
Industrial gases firm Praxair Inc. (NYSE: PX) raised its dividend by 11% despite reporting fourth-quarter profit that fell 61% on tax charges. Charges aside, however, the company actually saw better-than-expected revenue from cost-cutting and growing sales in emerging markets. The global giant’s new dividend will be 50 cents per share, and it will be payable March 15 to shareholders of record as of March 7. Dividend increases are all too common for Praxair. The most recent bump is its 18th consecutive annual dividend increase.
Another global industrial powerhouse spreading the wealth to shareholders is Parker Hannifin Corp. (NYSE: PH). The company increased its quarterly cash dividend to 32 cents per share, payable on March 4 to shareholders of record as of Feb. 10. The new dividend represents a 10% increase over the previous quarterly dividend of 29 cents per common share. Although Parker Hannifin’s profit margins in the most recent quarter fell, the company — seen as a barometer for the entire global industrial segment — still managed to dish out the cash to investors.
Fashion retailer Limited Brands (NYSE: LTD) proved it can combine the concepts “sexy” and “dividends” with its latest announcement. The company, which operates intimate apparel specialty store Victoria’s Secret as well as the Bath & Body Works and La Senza retail chains, said it was increasing its annual dividend by 20 cents to 80 cents per share. The first quarterly payment at the new rate will take place on March 11 to shareholders of record on Feb. 25. Now income investors can slip into something a little more comfortable that includes a sweet quarterly cash bonus.
Disclosure I am long UNP, NSC, and INTC.
Thursday, June 11, 2009
Caterpillar sets 42-cent quarterly dividend, Despite "Worst Economic Crisis Since the Great Depression"
Caterpillar Inc's (CAT - News) chief executive said on Wednesday there was a good chance revenues would return to the $50 billion mark they topped last year "in the next five years" -- though he warned that progress toward the goal "won't come smoothly."
Speaking at the annual shareholder meeting, Jim Owens said he thought there was "an 80 percent chance some time in the next five years of going back above the $50 billion threshold."
Caterpillar, which reported its first quarterly loss in 17 years two months ago, expects sales of between $31.5 billion and $38.5 billion in 2009, down from $51.3 billion in 2008.
That would be the worst one-year revenue decline since the 1930s.
Sales of the company's distinctive yellow construction and mining machinery have tumbled as result of lower commodity prices and lower oil production.
As in previous years, the meeting drew critics protesting Caterpillar's sales to Israel, whose defense forces have used the company's equipment as part of its effort to put down the Palestinian uprising.
But the protesters did not disrupt the meeting as they have previous gatherings -- even after a resolution they supported failed to pass, which would have forced Caterpillar to publish a report on foreign military sales.
Caterpillar contends that such sales accounted for about $30 million in sales in 2008, or about 0.06 percent of total revenue, and that it believes it would be an inappropriate use of the company's resources to complete the requested report.
All seven shareholder proposals up for vote this year failed to garner enough support, including a push to split the position of chair and CEO and to elect directors annually.
Owens took the unusual step last week of writing to institutional investors as a group to explain the company's opposition to four of the seven items stockholders were voting on.
"Changing our governance practices and corporate structure, as contemplated by the stockholder proposals presented below, will only divert attention and resources," Owens wrote.
"While these types of proposals may have merit at some companies, for the reasons provided below, we strongly encourage you to afford Caterpillar the benefit of individual consideration."
Caterpillar shares were little changed in after-hours trading after closing down 1.62 percent at $37.62.
For more than 80 years, Caterpillar Inc. has been making progress possible and driving positive and sustainable change on every continent. With 2008 sales and revenues of $51.324 billion, Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. The company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services, Caterpillar Logistics Services and Progress Rail Services.
Disclosure I am long CAT shares
Thursday, May 21, 2009
Coal, Infrastructure, Added Bank Folio , added Shipping Picks and Duh stopped smoking again
Hello ev1 hope all is having a good day. My nerves are shot I have started to stop smoking again this is Officially day #2 yahoo!! Any way I will do the best I can and will beat this monkey off my back soon I know I can do this with everyone's help. So enough about me on with my recent changes in to my holdings.
I picked up 2 coal stocks ACI, arch coal and picked up the etf KOL from Market Vectors added to my basic material folio. In my shipping folio I added TNK, DHT, and HRZ sold trmd.
Added PXR (PowerShares Emerging Markets Infrastructure Portfolio )to my emerging markets folio.
Sold MCD mcdonalds for 15.2% profit let it go. Have not found a service stock to replace mcd in my services folio yet.
I then took all my sector etfs and split them up into their own folios. Started a Bank Folio, containing approx. 13 picks.
Seems I am out of time for today off to take the wife to the doctor and then to work so have a good day all and thanks for reading my blog.
I picked up 2 coal stocks ACI, arch coal and picked up the etf KOL from Market Vectors added to my basic material folio. In my shipping folio I added TNK, DHT, and HRZ sold trmd.
Added PXR (PowerShares Emerging Markets Infrastructure Portfolio )to my emerging markets folio.
Sold MCD mcdonalds for 15.2% profit let it go. Have not found a service stock to replace mcd in my services folio yet.
I then took all my sector etfs and split them up into their own folios. Started a Bank Folio, containing approx. 13 picks.
Seems I am out of time for today off to take the wife to the doctor and then to work so have a good day all and thanks for reading my blog.
Friday, May 8, 2009
Barnes (B) declares regular quarterly dividend 16 cents a share
Barnes (B) today declared its regular quarterly dividend of $0.16 per share of common stock. The stock currently yields 4.08%. Carrying a P/E ratio of 9.50 forward P/E of 10.89 the stock is a good value compared to its competitors. A nice low payout ration of only 34.39% plenty of room to raise the dividend in the future, Now that is what I am talking about.
Has raised the dividend in 2005 it stood at .10 cents a share and today is is .16 cents a share. With a 2 for 1 split in 2006.
Barnes Group Inc. (NYSE:B) is a diversified global manufacturer and logistical services company that provides precision component manufacturing and operating service support and solutions to nearly every industry around the world. With more than 70 locations on four continents worldwide, our 5,700 employees deliver on our promise to our customers, ensuring exacting performance, superior support and service, and dynamite results.
Disclosure I am long B shares. Written By Dividend Basket.
Has raised the dividend in 2005 it stood at .10 cents a share and today is is .16 cents a share. With a 2 for 1 split in 2006.
Barnes Group Inc. (NYSE:B) is a diversified global manufacturer and logistical services company that provides precision component manufacturing and operating service support and solutions to nearly every industry around the world. With more than 70 locations on four continents worldwide, our 5,700 employees deliver on our promise to our customers, ensuring exacting performance, superior support and service, and dynamite results.
Disclosure I am long B shares. Written By Dividend Basket.
Subscribe to:
Posts (Atom)