B&G Foods, Inc. (NYSE: BGS) Board of Directors increased the Company’s quarterly dividend rate 24% from $0.17 per share of common stock to $0.21 per share of common stock. The next quarterly dividend will be payable on May 2, 2011 to shareholders of record as of March 31, 2011. This is the twenty-sixth consecutive quarterly dividend declared by the Board of Directors since B&G Foods’ initial public offering in October 2004.
B&G Foods and its subsidiaries manufacture, sell and distribute a diversified portfolio of high-quality, shelf-stable foods across the United States, Canada and Puerto Rico.
Dillard’s, Inc. (NYSE: DDS) board of directors declared a cash dividend of 4 cents per share on the Class A and Class B Common Stock of the Company payable May 2, 2011 to shareholders of record as of March 31, 2011.*
Dillard's, Inc., together with its subsidiaries, operates as an apparel and home furnishing retailer in the United States
The Marcus Corporation (NYSE: MCS) reported results for the third quarter ended February 24, 2011. A difficult quarter for Marcus Theatres® resulted in lower revenues and earnings for the company.
Third Quarter Fiscal 2011 Highlights
Total revenues for the third quarter of fiscal 2011 were $83,997,000, a 12.9% decrease from record revenues of $96,444,000 for the third quarter of fiscal 2010.
The company reported a net loss of $2,029,000, or $0.07 per diluted common share, for the third quarter of fiscal 2011, compared to net earnings of $3,191,000, or $0.11 per diluted common share, for the third quarter of fiscal 2010.
Comparisons to the prior year were unfavorably impacted by the fact that during the third quarter of fiscal 2010 the company changed its estimate of deferred gift-card revenue and recognized gift-card income related to prior periods of approximately $2,700,000 before tax, or $0.05 per diluted common share.
Results for the third quarter of fiscal 2011 were unfavorably impacted by unusual items totaling approximately $1.8 million, or $0.04 per diluted common share, related to an adverse legal judgment concerning construction of the condominium hotel units at the company’s Las Vegas property and a change in an interest income estimate.
The Marcus Corporation operates movie theatres, and hotels and resorts in the United States.
Xerox Corporation's (NYSE: XRX) board of directors declared a quarterly cash dividend of 4.25 cents per share on Xerox common stock. The dividend is payable on April 29, 2011 to shareholders of record on March 31, 2011.
Xerox Corporation is a $22 billion leading global enterprise for business process and document management.
CLARCOR Inc. (NYSE: CLC) reported its financial results for the first quarter of 2011. Diluted earnings per share of $0.43 grew 48% from last year’s first quarter on the strength of a 14% increase in net sales. The Company successively leveraged this sales growth into a 37% increase in operating profit and a 2.1 percentage point improvement in operating margin.
CLARCOR expect 2011 cash from operations will be between $115 and $125 million, capital expenditures will be between $30 and $40 million and effective tax rate will range between 31.5% and 32.5%. 2011 updated guidance includes the impact of the TransWeb acquisition.
CLARCOR Inc. provides filtration products and services to customers worldwide.
The Kaman Corporation (NASDAQ-GS: KAMN) board of directors declared a regular quarterly dividend of 14 cents per common share. The dividend will be paid on April 4, 2011 to shareholders of record on March 21, 2011.
Kaman Corporation operates in the industrial distribution and aerospace markets
Guess?, Inc. (NYSE: GES) For the fourth quarter of fiscal 2011, the Company reported record net earnings of $103.3 million, a 19.3% increase compared to net earnings of $86.6 million for the fourth quarter of fiscal 2010. Diluted earnings per share increased 19.4%, reaching $1.11, compared to $0.93 for the prior-year quarter.
The Company's expectations for the first quarter of fiscal 2012 ending April 30, 2011, are as follows:
Consolidated net revenues are expected to range from $555 million to $570 million.
Operating margin is expected to be around 10.0%.
Diluted earnings per share are expected to be in the range of $0.41 to $0.44.
For the fiscal year ending January 28, 2012, the Company's expectations are as follows:
Consolidated net revenues are expected to range from $2.72 billion to $2.82 billion.
Operating margin is expected to be between 16.5% and 17.0%.
Diluted earnings per share are expected to be in the range of $3.30 to $3.50.
The Company also announced that its Board of Directors has approved a quarterly cash dividend of $0.20 per share on the Company's common stock. The dividend will be payable on April 15, 2011 to shareholders of record at the close of business on March 30, 2011.
The Company announced that its Board of Directors has authorized a program to repurchase, from time-to-time and as market and business conditions warrant, up to $250 million of its common stock. The newly authorized $250 million program includes $85 million remaining under the Company's previously authorized $200 million repurchase program.
Guess?, Inc. designs, markets, distributes and licenses a lifestyle collection of contemporary apparel, denim, handbags, watches, footwear and other related consumer products.
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