Dividends
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NEW ORLEANS-- Tidewater approved the repurchase of up to $200 million shares of its stock, the offshore fleet services provider said Friday. Tidewater Inc. also declared a quarterly dividend of 25 cents per share. The dividend will be paid on June 14 to shareholders of record on June 4.
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*Cisco shares rise 9 pct in early trading. Aug 16- Shares of Cisco Systems Inc jumped 9 percent on Thursday as a dividend hike and share buyback plan overshadowed comments that business conditions in Europe would not improve anytime soon for the network equipment maker.
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Wall Street's stocks-are-cheap meme looks as if it will start coming under stress if what Citigroup calls a "profitless rally" continues.
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NEW YORK-- High-end jewelry company Tiffany& Co. is raising its quarterly dividend by 6 percent to 34 cents. The New York company, known for its blue boxes, said Thursday that the dividend will be paid on July 10 to shareholders of record on June 20. The company's stock slipped 9 cents to $76.49 in morning trading.
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CLEVELAND-- KeyCorp said Thursday that its board approved a 10 percent increase to the bank's dividend, raising it to 5.5 cents. The parent of KeyBank, which is based in Cleveland, last raised its dividend a year ago. The dividend will be paid on June 14 to shareholders as of May 28.
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LAKE FOREST, Ill.-- Packaging Corp. of America said Wednesday that it will increase its quarterly dividend by 28 percent. The company said it will pay its new dividend of 40 cents per share on July 15 to shareholders of record as of June 14.
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DALLAS-- Lennox International Inc., which makes heating, ventilation, air conditioning and refrigeration products, is raising its quarterly dividend to 24 cents from 20 cents. That's a 20 percent increase. The company said Wednesday that its next dividend is payable July 15 to shareholders of record on June 28.
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May 15- Southwest Airlines Co on Wednesday announced a boost in its dividend and its share repurchase program and said it is changing some plane orders and deliveries.
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DALLAS-- Southwest Airlines said Wednesday that its board approved a quadrupling of the airline's regular quarterly cash dividend to 4 cents a share and boosted its existing stock buyback program. The board also increased Southwest's existing $1 billion stock buyback authorization to $1.5 billion.
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FRISCO, Texas-- Comstock Resources Inc. said Wednesday that it will begin paying a dividend of 12.5 cents and that its board approved a $100 million stock buyback plan. The spending follows Tuesday's announcement of the sale of the Frisco, Texas- based energy company's West Texas oil and gas properties for $808 million in net proceeds.
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May 15- Southwest Airlines Co on Wednesday announced a boost in its dividend and its share repurchase program and said it is changing some plane orders and deliveries. Southwest also said it plans to buy 10 pre-owned 737-700 s airplanes to be delivered in 2014 and 2015, and it made changes to some existing aircraft orders.
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May 15- Macy's Inc reported higher first-quarter profit and sales on Wednesday despite weak demand from some of its customers, and the department store operator raised its quarterly dividend 25 percent.
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PARSIPPANY, N.J.-- Pinnacle Foods Inc. said Tuesday that it will begin paying a regular quarterly dividend. The company will pay a dividend of 18 cents on July 10 to shareholders of record on June 20. Shares of Pinnacle Foods rose 21 cents to $24.04.
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PLEASANTON, Calif.-- Safeway Inc. on Tuesday said it will increase its quarterly dividend by 14 percent. The company plans to pay a dividend of 20 cents per share on July 11 to shareholders of record on June 20. Safeway, based in Pleasanton, Calif., operates 1,641 grocery stores across North America.
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PARSIPPANY, N.J.-- Curtiss-Wright Corp., an engineering firm based in Parsippany, N.J., said Tuesday that it is increasing its quarterly dividend by 11 percent. The company's new dividend of 10 cents per share is payable July 12 to shareholders of record as of June 28.
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MERRILLVILLE, Ind.-- NiSource Inc. on Tuesday boosted its quarterly cash dividend by 1 cent, or 4.2 percent, to 25 cents. NiSource said the move is in line with its commitment to a growing dividend for its investors. NiSource shares rose 24 cents to $29.01 in afternoon trading.
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NEW YORK, May 14- Verizon Communications Inc does not need more cash from its wireless venture with Vodafone Group Plc to support its own dividend payments, Verizon Chief Financial Officer Fran Shammo said on Tuesday.
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Verizon Wireless said on Monday it would pay its parents Verizon Communications and Vodafone Group Plc a dividend of $7 billion in June.
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Verizon Wireless said on Monday it would pay its parents Verizon Communications and Vodafone Group Plc a dividend of $7 billion in June.
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NEW YORK-- Clorox is raising its quarterly dividend 11 percent to 71 cents per share from 64 cents per share. The consumer products maker, whose products include its namesake bleach and Glad bags, said Tuesday that the dividend will be paid on Aug. 9 to shareholders of record on July 24.