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Category: Energy
Dividend Stock News For May 20, 2010
Dividend Stock News For May 20, 2010

The Latest in the World of Dividend Investing

Dividend Stock News For May 20, 2010

About: Safeway (NYSE: SWY), Dominick's, Safeway, Vons, Ashland (NYSE: ASH), Ashland Chemical, Hercules Chemical, Dow Jones  U.S. Select Dividend Index, Zenith National Insurance (NYSE: ZNT), H.J. Heinz (NYSE: HNZ), Fairfax Financial (NSYE: FFH), GoldCorp (NYSE: GG), GoldCorp
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Dividend Stock News For May 20, 2010
Supermarket operator Safeway (NYSE: SWY) announced a payout increase dividend shoppers may want to take a look at. The California-based company said it will boost its quarterly dividend by 20% to 12 cents a share. Safeway operates stores under the Dominick's, Safeway and Vons names. The new dividend is payable on July 15th to shareholders of record on June 24th.

 
Dividend Stock News For May 20, 2010
Specialty chemicals maker Ashland (NYSE: ASH) doubled its quarterly dividend to 15 cents a share from 7.5 cents. Ashland has been diligent about bolstering its balance sheet through asset sales following the company's acquisition of rival Hercules and the lower debt burden appears to be directly benefiting shareholders.

 
Dividend Stock News For May 20, 2010
The Dow Jones  U.S. Select Dividend Index will replace Zenith National Insurance (NYSE: ZNT) with H.J. Heinz (NYSE: HNZ) because Zenith is being acquired by Fairfax Financial (NSYE: FFH). The change will take place on May 21st. The index tracks the 100 highest dividend-paying companies in the U.S.

 
Dividend Stock News For May 20, 2010
Canadian gold miner GoldCorp (NYSE: GG) said it will consider boosting its dividend in 2011 as production increases and rising gold prices are helping the company bolster its cash position. GoldCorp currently pays an annual dividend of 18 cents  a share.

 
General Electric Dividend Update
General Electric Dividend Update

General Electric Dividend Update

General Electric Dividend Update

Dow component General Electric (NYSE: GE) may have up to $25 billion in cash in its war chest by the end of this year, putting the company in a position to repurchase shares by the end of the year and perhaps raise its dividend in 2011. GE CEO Jeffrey Immelt said on Wednesday that he expects his company to show strong earnings growth over the next couple of years.

About: General Electric (NYSE: GE), General Electric, GE CEO Jeffrey Immelt, Dow, Dow Chemical 
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Immelt added that an announcement on a dividend increase could come by the end of 2010. A dividend increase from GE could take the quarterly payout to 12 cents a share from 10 cents, according to Bloomberg estimates.  GE cut its quarterly dividend to 10 cents a share from 31 cents in February of 2009 in an effort to conserve cash in the wake of the financial crisis. It was GE's first dividend cut since 1938. The company was formerly the biggest dividend payer in dollar terms.

GE halted share repurchases in September 2008, but Immelt said the company would be “opportunistic” about share buybacks. Immelt also said the company is looking to resume its acquisitive ways and is evaluating purchases in the $1 billion to $3 billion range.

 
Cliffs Natural Resources Ratchets Dividend Higher By 60 Percent
Cliffs Natural Resources Ratchets Dividend Higher By 60 Percent

Cliffs Natural Resources increase to its quarterly dividend by 60%

Cliffs Natural Resources Ratchets Dividend Higher By 60%

Materials and mining stocks are not for the faint of heart and making a long-term investment in one of these names all the more difficult is the fact that these sectors usually aren't home to good dividends or strong yields. Stocks like Cliffs Natural Resources (NYSE: CLF), a maker of iron ore pellets used by steelmakers, are momentum stocks and when the momentum is bad these stocks can really take it on the chin.

About: Cliffs Natural Resources, Cliffs Natural Resources (NYSE: CLF), quarterly dividend, dividend, dividend increase,
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Between China's efforts to cool economic growth, Australia's proposed 40% tax hike on mining firms doing business there and the European sovereign debt crisis, high-beta materials names have been throttled in the past month. Cliffs is no exception as the shares have plunged almost 25%, or about $20 in dollar terms, compared to a 4% for the S&P 500.

Cliffs Natural Resources Ratchets Dividend Higher By 60%

Minnesota-based Cliffs finally delivered some good news for beleaguered shareholders on Tuesday when it announced a 60% increase to its quarterly dividend. That takes the dividend to 14 cents a share from 8.75 cents. The new dividend is payable on June 1st to shareholders of record on May 14th. Even with that substantial increase, Cliffs shares would still yield less than 1% and that's hardly anything to get excited about.

This is the second consecutive year that Cliffs has raised its dividend and it should be noted the company has more than tripled its payout in only a year.