Jim Trippon's  Instablog

Jim Trippon
Send Message
Jim Trippon is a certified genius, a member of MENSA, and the epitome of the “Overachieving Entrepreneur.” He’s an internationally renowned and globally experienced investment expert, dedicated to finding undervalued, “under the radar” investments for his worldwide clients and subscribers. He... More
My company:
Trippon Financial Research, Inc.
My blog:
Global Profit$ Alert
My book:
Stay Rich Forever: Retirement Planning Secrets of Millionaires and How They Can Work For You!
  • Dividend Investing News For January 26th, 2010 0 comments
    Jan 27, 2010 2:52 PM | about stocks: TLAB, ROL, CNI, CLMS

    Dividend News For January 26th

     Dividend News For January 26th

    About: (Tellabs (Nasdaq: TLAB), Rollins (NYSE: ROL), Canadian National Railway (NYSE: CNI), Calamos Asset Management (Nasdaq: CLMS), Vanguard Natural Resources (NYSE: VNR), Dividend Genius, dividend stock, dividend stocks, stock dividend, stock dividends) Bookmark and Share

    January continues to be a great month in terms of dividend news and Tuesday was a particularly strong day with several noteworthy companies announcing dividend hikes or new dividends. Let's take a look at some of the day's dividend news.

    Network equipment maker Tellabs (Nasdaq: TLAB) said it earned $62 million, or 16 cents a share, in the fourth quarter. Excluding one-time items, the company earned nine cents a share, beating analyst estimates of seven cents a share.
    Tellabs has been cutting costs and lowering its headcount over the past several years and as a result, the company has the cash to pay its first-ever dividend. Tellabs will pay two cents a share on February 26th to shareholders of record on February 12th.

    Pest control company Rollins (NYSE: ROL) boosted its quarterly payout by nearly 29% to nine cents a share. The new dividend will be paid on March 10th to shareholders of record on February 10th.

    Railroad operator Canadian National Railway (NYSE: CNI) said fourth-quarter results beat analyst estimates and that it expects double-digit earnings growth in 2010. The company boosted its quarterly dividend by seven percent to just over 25 cents a share.

    Calamos Asset Management (Nasdaq: CLMS) booked a fourth-quarter profit after posting a loss in the year earlier period and the company boosted its quarterly payout by 36% to 7.5 cents a share from 5.5 cents. The new dividend is payable on February 24th to shareholders of record on Feb 9th.

    Oil and gas explorer Vanguard Natural Resources (NYSE: VNR) raised its 2009 profit view by $6 million and said it will boost its fourth-quarter dividend to 52.5 cents a share from 50 cents.

    For more information about China Stock Digest, visist www.chinastockdigest.com. To see the latest special offer from China Stock Digest, visit: http://www.chinastockdigest.com/subscribe-now/china-stock-digest-subscribe-now.html

    Disclosure: no positions
    Stocks: TLAB, ROL, CNI, CLMS
Back To Jim Trippon's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.