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Stocks to Watch: CATO, HCA, DELL & More

Peter Schacknow
Monday, 3 Dec 2012 | 7:56 AM ET

Take a look at some of Monday's morning movers:

CatoCorp. - The fashion apparel retailer is the latest to issue a special dividend, specifically citing the fiscal cliff as the reason in its press release. Cato will pay a $1 per share special dividend, and is also paying out its entire 2013 annual dividend of $1 per share before the end of this year, in addition to the regular 2012 fourth-quarter dividend of $0.25 per share. The company also anticipates a 2013 dividend increase of $0.05 per share, and will pay out that amount on a quarterly basis throughout 2013.

HCA - The hospital operator will pay a special dividend of $2 per share, payable before year's end.

Dish Network - The satellite TV operator has declared what it terms a "non-recurring" dividend of $1 per share, payable on Dec. 28 to shareholders of record as of Dec. 14.

Dell - Goldman Sachs has upgraded Dell shares two notches to "buy" from "sell," saying Dell's net cash levels provide an opportunity for a leveraged buyout or recapitalization.

Vulcan Materials - The Wall Street Journal reports that Martin Marietta Materials may explore a friendly takeover bid for its rival construction materials producer.

Bank of America -The Journal reports that the bank has put aside plans for new checking account feels until late in 2013.

Deckers Outdoor - Sterne Agee has upgraded Deckers stock to "buy" from "neutral," saying the maker of UGG and Teva brand shoes should see an improvement in performance during 2013's second half because of new product offerings.

News Corp. - The company's U.K. newspaper chief Tom Mockridge is resigning, and Wall Street Journal managing editor Robert Thomson will reportedly be named as chief executive of News Corp.'s soon-to-be-created publishing company.

Starbucks - The company is considering changes to its tax practices in the U.K. The coffee retailer has drawn criticism for being able to report losses and pay little in tax, while telling investors its U.K. operations were profitable and among its best performing overseas units.

UBS - The bank is said to be close to a $450 million settlement with U.S.and U.K. regulators, according to The New York Times. The settlement relates to charges that some UBS employees manipulated Libor rates.

Delta Air Lines - Delta is among the contenders for a stake in Richard Branson's Virgin Atlantic, according to the Associated Press. Singapore Airlines has confirmed it is in talks to sell its 49 percent stake in the carrier, but only identified its potential partners as "interested parties."

Goldman Sachs - Chief Financial Officer David Viniar sold $11.8 million in shares this past week, according to a U.S. Securities and Exchange Commission filing. Viniar is scheduled to retire at the end of January after 32 years at Goldman.

Yahoo - Yahoo has been ordered by a Mexican court to pay $2.7 billion to two Mexican companies, in a breach of contract case involving a yellow pages listing service.

Pitney Bowes - Former International Business Machines executive MarcLautenbach has been named president and chief executive officer, effective immediately. He replaces Murray Martin, who is retiring from the positions of chairman and president/CEO. Lead independent director, Michael Roth, will become non-executive chairman.

CORRECTION: Hospital operator HCA will pay a special dividend of $2 per share, payable before year's end. An earlier version of the article incorrectly said the special dividend is $20 a share.

—By CNBC's Peter Schacknow

Questions? Comments? Email us at marketinsider@cnbc.com

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CATO
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FOXA
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DAL
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GS
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SBUX
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DISH
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YHOO
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UBSN
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4331
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PBI
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VMC
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IBM
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MLM
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BAC
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DECK
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