Over the past week, the following companies made important announcements regarding their future dividend payments…

Dividend Increases

  • Family Dollar (FDO) declared a quarterly dividend increase of 23.8% to $.26 from $.21 per share. The increase will be effective with the declaration of the next quarterly dividend. “Our Board’s decision to maintain our remarkable record of 37 consecutive years of dividend increases shows their unwavering commitment to shareholders, and the increase of 23.8% reflects our confidence in the company’s long-term growth potential,” said Howard Levine, Chairman and CEO.
  • Kinder Morgan (KMI) announced an increase in its dividend to $.37 from $.36 per share. The dividend is payable on February 15, to shareholders of record as of January 31. This represents an increase of 19% from the 4Q11 cash dividend per share of $.31 and is up from the Q3 dividend of $.36 per share.
  • The Finish Line’s (FINL) approved an increase in the company’s quarterly cash dividend from $.06 to $.07 per share of outstanding common stock. The quarterly cash dividend will be payable March 18 to shareholders of record as of March 1.
  • BlackRock (BLK) announced an increase in its quarterly dividend by 12%. The board has declared a quarterly dividend of $1.68, to be payable March 25 to shareholders of record on March 7.
  • Packaging Corporation (PKG) announced an increase in its quarterly cash dividend on its company stock from an annual payout of $1.00 per share to $1.25 per share. The first quarterly dividend of $.3125 per share will be paid on April 15 to shareholders of record as of March 15.
  • Kaiser Aluminum Corporation (KALU) declared a quarterly cash dividend payment of $.30 per share on the company’s outstanding common stock, representing a 20% increase over the prior quarter’s dividend. The dividend will be payable on February 15 to shareholders of record as of the close of business on January 25.
  • Enterprise Products Partners (EPD) announced an increase in the quarterly cash distribution rate paid to partners to $.66 per common unit, or $2.64 per unit on an annualized basis. The quarterly distribution will be paid on Thursday, February 7 to unit holders of record as of the close of business on Thursday, January 31. This distribution rate, which represents a 6.5% increase over the $.62 per unit distribution rate declared with respect to the fourth quarter of 2011, is the 43rd distribution rate increase since Enterprise’s initial public offering in 1998 and the 34th consecutive quarterly increase.
  • MFC Industrial (MIL) declared an annual cash dividend for 2013 of $.24 per common share. The dividend is 9% higher than the dividend paid in 2012. The first payment of $.06 per common share will be paid on February 8 to shareholders of record on January 25.
  • Core Laboratories N.V. (CLB) announced a quarterly cash dividend of $.32 per share of common stock for shareholders of record on January 22 and payable February 22. This amount represents a 14.2% increase over the quarterly dividends of $.28 per share that were paid in 2012.
  • Western Refining (WNR) announced a $.12 per share dividend for Q1. The dividend will be paid on February 14 to shareholders of record on January 30. This is the second dividend increase since Q1 of 2012 and represents a 50% increase from the Q4 dividend.
  • Targa Resources Corp. (TGRP) declared a quarterly cash dividend of $.4575 per share, or $1.83 per common share on an annualized basis, for the fourth quarter 2012. The approved dividend represents increases of approximately 8% over the previous quarter’s dividend and 36% over the dividend for the fourth quarter 2011. This cash dividend will be paid February 15, 2013 on all outstanding common shares to holders of record as of the close of business on January 28, 2013.
  • Enterprise Bancorp (EBTC) declared a quarterly dividend of $.115 per share to be paid on March 1 to shareholders of record as of February 8. The quarterly dividend represents a 4.5% increase over the 2012 dividend rate.
  • Mercantile Bank (MBWM) declared a regular quarterly cash dividend of $.10 per common share, payable March 8 to holders of record as of February 8. The $.10 cash dividend represents an increase of 11% from the $.09 cash dividend paid during Q4.
  • Pacific Continental (PCBK), the holding company of Pacific Continental Bank, announced an increase in the regular cash dividend and declared a special cash dividend. The regular cash dividend was increased by $.01 to $.08 per share, from $.07 per share. Additionally, the board declared a special cash dividend of $.08 per share. Both dividends are payable February 11, to shareholders of record on January 31.
  • ONEOK’s (OKE) announced an increase in its quarterly dividend of 9% to $.36 per share from $.33 per share, effective for Q4 2012, payable February 14 to shareholders of record at the close of business January 31.
  • Boston Private Financial (BPFH) declared a dividend increase of 500% to $.05 from $.01.
  • First Advantage Bancorp (FABK) declared a quarterly dividend increase to $.07 from $.05 per share. The dividend will be paid on or about February 15 to stockholders of record as of the close of business on February 1.
  • Omega Healthcare (OHI) announced a quarterly dividend increase to $.45 from $.44 per share. The common stock dividend is payable February 15 to common stockholders of record as of the close of business on January 31.
  • MidWestOne (MOFG) declared an increase in its quarterly dividend by 32%. The dividend of $.125 per common share is payable March 15 to shareholders of record at the close of business on March 1.
  • First Community (FCCO) declared a quarterly increase in its cash dividend to $.05. The dividend is payable February 15 to shareholders of record as of February 1.
  • Vornado Realty Trust (VNO) declared a regular quarterly dividend at the increased rate of $.73 per share, a new indicated annual rate of $2.92. The former annual rate was $2.76 per share. The dividend will be payable on February 19 to shareholders of record on January 28.
  • AptarGroup (ATR) announced an increase in its quarterly cash dividend by 14% to $.25 per share. The payment date is February 20, 2013, to stockholders of record as of January 30, 2013.
  • Schlumberger (SLB) declared a 13.6% increase of the quarterly dividend. The increased dividend of $.3125 per share of outstanding common stock is payable on April 12 to stockholders of record at the close of business on February 20.
  • Williams’ (WMB) declared a regular dividend of $.3388 on the company’s common stock, payable March 25, to holders of record at the close of business on March 8. The Q1 dividend is an increase of $.1.38, or 4.2%, over the previous quarterly dividend of $.325 per share. The new amount is an increase of $.08, or 30.9%, over 1Q12.
  • Wisconsin Energy (WEC) announced a quarterly dividend increase to $.34 from $.30 per share. The dividend is payable March 1 to stockholders of record on February 14.
  • Agilent’s (A) announced a 20% increase in the quarterly dividend, from $.10 to $.12 per share, beginning in Q2. The Q2 dividend will be paid on April 24 to all stockholders of record as of the close of business on April 2.

Dividend Decreases

  • Alexander’s (ALX) declared a quarterly dividend of $2.75 per share with a new indicated annual rate of $11.00. The dividend will be payable on February 19, to stockholders of record on January 28. The new indicated annual dividend rate has been adjusted down from the former annual rate of $15.00 per share to reflect the November 2012 sale of the Kings Plaza Mall and the $122.00 per share special long-term capital gain dividend resulting there from.
  • Nordic American Tanker (NAT) announced a quarterly dividend decrease to $.16 from $.30. The quarterly dividend is payable on February 13 to shareholders of record on January 30. 

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Special Dividends and Dividend Announcements

  • Citigroup (C) declared a quarterly dividend on Citigroup’s common stock of $.01 per share, payable on February 22 to stockholders of record on February 4.
  • Fastenal (FAST) declared a dividend of $.10 per share to be paid in cash on March 1 to shareholders of record at the close of business on February 1. Fastenal began paying an annual dividend in 1991, expanded to a semi-annual dividend in 2003, and then switched to a quarterly dividend in 2011. In 2012, it paid four quarterly dividends of $.17 in February, $.17 in May, $.19 in August, $.21 in November, and a special supplemental dividend of $.50 in December.
  • Luxfer Group (LXFR) announced an interim dividend of $.10 per American Depositary Share, or ADS; $.20 per ordinary share, for Q4. The dividend will be payable on February 6, to shareholders of record on January 25.
  • Baytex Energy (BTE) announced that a cash dividend of CAD $.22 per common share in respect of January operations will be paid on February 15, to shareholders of record on January 31. The ex-dividend date is January 29, 2013. This dividend is an eligible dividend for the purposes of the Income Tax Act, from Canada. The U.S. dollar equivalent dividend amount is approximately $.2236 per share assuming a foreign exchange rate of 1.0163 USD/CAD.
  • Stewardship Financial (SSFN), parent company of Atlantic Stewardship Bank, declared a $.01 per share cash dividend. Common stockholders of record as of February 1 will be paid the dividend on February 15.

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