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  • Stock Market News and Dividend Report for Friday March 11, 2011 - CDTV.net  0 comments
    Mar 11, 2011 2:37 PM | about stocks: OGE, BELFA, AVB, AYR, NSM-RETIRED
    The OGE Energy Corp. (NYSE: OGE) Board of Directors has declared a second-quarter dividend of $0.375 per common share of stock, to be paid April 29, 2011, to shareowners of record on April 8, 2011.
     
    OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider offering physical delivery and related services for electricity and natural gas primarily in the south central United States. 
    ***
    BEL FUSE INC. (NASDAQ: BELFA) and (NASDAQ: BELFB) Board of Directors has declared regular quarterly cash dividends of $0.06 per share on the Company's Class A common shares and $0.07 per share on the Company's Class B common shares.
    Cash dividends for Class A and Class B common shares are payable on May 2, 2011 to shareholders of record on April 15, 2011.
     
    Bel Fuse Inc. engages in the design, manufacture, and sale of products used in networking, telecommunications, high speed data transmission, and consumer electronics in North America, Europe, and Asia.
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    AvalonBay Communities, Inc. (NYSE: AVB) Board of Directors declared a cash dividend on the Company\'s Common Stock (par value $0.01 per share) for the first quarter of 2011. The Common Stock dividend is $0.8925 per share and is payable April 15, 2011 to all Common Stockholders of Record as of April 1, 2011.
     
    AvalonBay Communities, Inc. engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities in the United States. 
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    Aircastle Limited (NYSE: AYR) reported fourth quarter 2010 net income of $20.2 million, or $0.25 per diluted common share, and adjusted net income of $14.2 million, or $0.18 per diluted common share.  Net income for the year ended December 31, 2010 was $65.8 million, or $0.83 per diluted common share, and adjusted net income was $67.9 million, or $0.85 per diluted common share.  The fourth quarter results include a gain of $8.4 million from the disposal of aircraft, as well as $2.5 million of hedge ineffectiveness charges in connection with aircraft sales.
     
    During 2010, Aircastle secured new financing commitments totaling approximately $1.1 billion
     
    The Company's Board of Directors authorized the repurchase of up to $60 million of the Company's common shares. 
     
    Aircastle Limited is a global company that acquires, leases and sells high-utility commercial jet aircraft to airlines throughout the world.  
    *** 
    National Semiconductor Corp. (NYSE: NSM) reported sales of $343.9 million and net income of $59.4 million, or 24 cents per diluted share, for the third quarter of fiscal 2011, which ended Feb. 27, 2011. 
     
    National's third quarter sales were 12 percent lower than the $390.4 million in sales reported in the second quarter of fiscal 2011 due to inventory adjustments in the distribution channel and seasonally lower shipments to wireless handset customers following the holiday sales period. Sales in the third quarter of fiscal 2011 were 5 percent lower than the $361.9 million reported in the third quarter of fiscal 2010.
     
    Third quarter net income of $59.4 million, or 24 cents per diluted share, was a decrease from the $83.5 million, or 34 cents per diluted share, in the second quarter of fiscal 2011. One year ago, National reported net income of $53.2 million, or 22 cents per diluted share for the third quarter of fiscal 2010.
     
    For the fourth quarter of fiscal 2011, National projects revenues between $360 million and $370 million, an increase of approximately 4 percent to 7 percent sequentially
     
    The company announced that the Board of Directors has declared a cash dividend of $0.10 per outstanding share of common stock.  The dividend will be paid on April 11, 2011 to shareholders of record at the close of business on March 21, 2011.
     
    National Semiconductor Corporation, a semiconductor company, designs, develops, manufactures, and markets analog and mixed-signal integrated circuits and sub-systems. 
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    Disclosure: No positions
    *** 
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