Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

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

|Includes:ABM, BBY, CAG, CHK, Getty Realty Corp. (GTY), RWT, TLB
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
 
Stocks: GTY, ABM, TLB, CHK, CAG, RWT, BBY