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  • Stock Market News and Dividend Report for Thursday March 24, 2011 - CDTV.net  0 comments
    Mar 24, 2011 12:41 PM | about stocks: CAW, GLT, FUL, PAYX, AEO, GIS

     CCA Industries Inc. (NYSE AMEX: CAW) Board of Directors declared a dividend of $0.07 per share for the second quarter of 2011 to all shareholders of record as of May 2, 2011, and payable on June 2, 2011, the Company's 28th consecutive quarterly dividend.

     
    CCA Industries Inc. manufactures and markets health and beauty aids.
    ***
    Glatfelter (NYSE: GLT) Board of Directors declared a $0.09 per share cash dividend on its outstanding common stock. The dividend is payable on May 2, 2011, to shareholders of record as of the close of business on April 1, 2011.
     
    Glatfelter is a global manufacturer of specialty papers and fiber-based engineered materials.
    *** 
    H.B. Fuller Company (NYSE: FUL) reported net income for the first quarter of 2011 was $14.4 million, or $0.29 per diluted share, versus $19.0 million, or $0.38 per diluted share, in last year’s first quarter.
     
    Net revenue for the first quarter of 2011 was $339.5 million, up 9.7 percent versus the first quarter of 2010.  Higher average selling prices, higher volume and acquisitions positively impacted net revenue growth by 6.8, 2.2 and 1.7 percentage points, respectively. 
     
    Fiscal 2011 Outlook:
    Net revenue 10 percent to 12 percent higher in 2011 relative to 2010 (updated guidance);
    Earnings per diluted share of between $1.75 and $1.85;
     
    H.B. Fuller Company formulates, manufactures, and markets adhesives, sealants, paints, and other specialty chemical products worldwide.
    ***
    The Board of Directors of Bristol-Myers Squibb Company (NYSE:BMY) declared a quarterly dividend of 33 cents ($0.33) per share on the $0.10 par value Common Stock of the corporation. The quarterly dividend will be payable on May 2, 2011, to stockholders of record at the close of business on April 1, 2011.
     
    Bristol-Myers Squibb is a global biopharmaceutical company
    ***
    Paychex, Inc. (NASDAQ: PAYX) announced total revenue of $531.3 million for the three months ended February 28, 2011 (the “third quarter”), a 5% increase from $507.8 million for the same period last year. Net income increased 17% to $130.6 million and diluted earnings per share increased 16% to $0.36 per share. The results for the prior year third quarter ended February 28, 2010, were impacted by an expense charge of $18.7 million to increase the litigation reserve, which reduced diluted earnings per share by $0.03 per share.
     
    Paychex, Inc. is a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses. 
    *** 
    American Eagle Outfitters, Inc. (NYSE: AEO) announced a quarterly cash dividend of $0.11 per share. The dividend was declared on March 1, 2011 and is payable on April 8, 2011 to stockholders of record at the close of business on March 28, 2011.
     
    American Eagle Outfitters, Inc., through its subsidiaries, (“AEO, Inc.”) offers high-quality, on-trend clothing, accessories and personal care products at affordable prices.
    ***
    General Mills (NYSE: GIS) reported Net sales for the 13 weeks ended Feb. 27, 2011, grew 2 percent to $3.65 billion. Pound volume contributed 2 points of net sales growth. 
     
    Diluted earnings per share (NYSEARCA:EPS) totaled 59 cents, up 23 percent from 48 cents in the third quarter a year ago. Excluding mark-to-market effects in both years, adjusted diluted earnings per share would total 56 cents for this year’s third quarter, up 14 percent from 49 cents last year.
     
    The company plans call for the fourth quarter to show the highest earnings growth of the year, with increasing contributions from pricing actions we have taken to partially offset significant commodity cost increases. 
     
    Outlook for fiscal 2012, company anticipate that supply chain inflation will be higher than this year’s estimated 4 to 5 percent rate. Nevertheless, company expect to target another year of good business growth in 2012.
     
    General Mills reaffirmed fiscal 2011 guidance of low single-digit growth in net sales, mid single-digit growth in segment operating profit and earnings per share of $2.46 to $2.48 excluding a net tax benefit recorded in the second quarter and any mark-to-market effects. This EPS guidance represents growth of 7 to 8 percent from 2010 adjusted diluted earnings per share of $2.30.
     
    General Mills, Inc. engages in the manufacture and marketing of branded consumer foods worldwide.
    ***
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    For more information, visit cdtv.net
    Disclosure: No positions
    *** 
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    Stocks: CAW, GLT, FUL, PAYX, AEO, GIS
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