Entering text into the input field will update the search result below

Stock Market News and Dividend Report for Friday March 25, 2011 - CDTV.net

Mar. 25, 2011 12:46 PM ETGTY, ABM, CAG, RWT, BBY
John Hanna profile picture
John Hanna's Blog
16 Followers
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.
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

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.