Seeking Alpha

John Hanna's  Instablog

John Hanna
Send Message
Covers dividend stocks for CDTV.net
My company:
CDTV.net
My blog:
CDTV.net
  • Stock Market News and Dividend Report for Friday March 25, 2011 - CDTV.net 0 comments
    Mar 25, 2011 12:46 PM | about stocks: GTY, ABM, TLB, CHK, CAG, RWT, BBY
    Getty Realty Corp. (NYSE: GTY)  Board of Directors declared a quarterly Common Stock dividend in the amount of $0.48 per share payable on April 14, 2011 to holders of record on March 31, 2011.
     
    Getty Realty Corp. operates as a real estate investment trust (REIT) in the United States. 
    ***
    ABM Industries Incorporated (NYSE: ABM) Board of Directors has declared a second quarter cash dividend of $0.14 per common share payable on May 2, 2011 to stockholders of record on April 7, 2011. This will be ABM’s 180th consecutive quarterly cash dividend.
     
    ABM Industries Incorporated (NYSE:ABM), which operates through its subsidiaries, is a leading provider of integrated facility services.
    ***
    The Talbots, Inc. (NYSE: TLB) reported fourth quarter loss from continuing operations was $2.8 million, or $0.04 per share, compared to last year’s loss from continuing operations of $1.5 million, or $0.03 per share. Adjusted fourth quarter loss from continuing operations was $9.6 million, or $0.14 per share, excluding net income from special items of $6.8 million, or $0.10 per share, compared to last year’s adjusted income from continuing operations of $7.4 million, or $0.13 per share.
     
    Fiscal year 2010 income from continuing operations was $7.6 million, or $0.11 per share, compared to last year’s loss from continuing operations of $25.3 million, or $0.47 per share. Adjusted full year 2010 income from continuing operations was $40.6 million, or $0.61 per share, excluding special items of $33.0 million, or $0.50 per share, compared to last year’s adjusted loss from continuing operations of $5.5 million, or a loss of $0.10 per share.
     
    The Talbots, Inc. is a leading specialty retailer and direct marketer of women’s apparel, shoes and accessories. 
    ***
    Chesapeake Energy Corporation (NYSE: CHK) Board of Directors has declared a $0.075 per share quarterly dividend that will be paid on April 15, 2011 to common shareholders of record on April 1, 2011.
     
    Chesapeake Energy Corporation is the second-largest producer of natural gas and the most active driller of new wells in the U.S. 
    ***
    ConAgra Foods, Inc., (NYSE: CAG) one of North America’s leading packaged food companies, reported results for the fiscal 2011 third quarter ended Feb. 27, 2011. As reported, diluted EPS from continuing operations was $0.50, a 2% increase over the $0.49 earned in the year-ago period. Diluted EPS from continuing operations increased 16% after adjusting for $0.06 per diluted share of net benefit in the year-ago period from items impacting comparability. 
     
    The company continues to expect fiscal 2011 full-year diluted EPS, adjusted for items impacting comparability, to show a low-single-digit rate of growth over the comparable $1.74 earned in fiscal 2010.
     
    ConAgra Foods, Inc., (NYSE: CAG) is one of North America's leading food companies, with brands in 97 percent of America's households. 
    ***
    Redwood Trust, Inc. (NYSE: RWT) Board of Directors authorized the declaration of a first quarter regular dividend of $0.25 per share.  The first quarter 2011 dividend is payable on April 21, 2011 to stockholders of record on March 31, 2011.
     
    "The payment of regular dividends remains a priority for Redwood.  Our first quarter dividend will mark our 47th consecutive quarterly dividend," said Martin S. Hughes, Redwood's President and CEO.
     
    Redwood Trust, Inc., a financial institution, together with its subsidiaries, invests in, finances, and manages residential and commercial real estate loans and securities.
    *** 
    Best Buy Co., Inc. (NYSE: BBY), reported net earnings of $651 million, or $1.62 per diluted share, for its fiscal fourth quarter ended on Feb. 26, 2011 compared with $779 million, or $1.82 per diluted share, for the prior-year period.
     
    Excluding pre-tax restructuring charges, adjusted net earnings for the fiscal fourth quarter were $798 million, or $1.98 per diluted share, which represented a 9 percent increase over the prior year. 
     
    Diluted earnings per share for the fiscal year totaled $3.08, compared with $3.10 in fiscal 2010. Adjusted diluted earnings per share for the fiscal year totaled $3.43 compared to the previous year’s adjusted diluted earnings per share of $3.15. The company noted that restructuring charges were excluded from the company\'s previously announced full-year guidance range of $3.20 to $3.40.
     
    Demand for key consumer electronics products was a challenge for the industry last year.
     
    During the fourth quarter of fiscal 2011, the company repurchased approximately $70 million, or 2 million shares of its common stock at an average price of $35.66 per share. During fiscal 2011, the company repurchased approximately $1.2 billion, or 33 million shares of its common stock at an average price of $36.62 per share. The company also noted that it has approximately $1.3 billion remaining capacity under its existing share repurchase authorization as of the end of the fiscal fourth quarter. On January 25th, 2011, the company paid a dividend of $0.15 per common share then outstanding, or $59 million in the aggregate.
     
    Best Buy Establishes Fiscal 2012 EPS Outlook:
    -Revenue of $51 billion to $52.5 billion, an increase of 1 percent to 4 percent
    -Net earnings per diluted share of $3.28 to $3.53.
    -Adjusted net earnings per diluted share of $3.30 to $3.55, which excludes the impact of the previously announced restructuring charges and potential fiscal 2012 share repurchases.
     
    Best Buy is a multinational retailer of technology and entertainment products and services 
    ***
    ***
    **********
    For more information, visit cdtv.net
    Disclosure: No positions
    *** 
    Join Our Brodacst Membership - Live Broadcast Stock Market Show - Members gain access to extended and exclusive insights from top Wall Street power players, movers and shakers plus stocks to watch, news and dividend reports. 2 Week Free Trial* ($30 per month). That is about $1 per day. Cancel at any time. For more information, visit www.cdtv.net/users/content/tip-jar
     
Back To John Hanna'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

StockTalks

More »

Latest Comments


Posts by Themes
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.