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  • Stock Market News and Dividend Report for Wednesday March 30, 2011 - CDTV.net 0 comments
    Mar 30, 2011 12:17 PM | about stocks: CBK, CYS, GD, OXM, GGG, PLFE
    Christopher & Banks Corporation (NYSE: CBK) Board of Directors has declared a quarterly cash dividend of $0.06 per share, to be payable April 20, 2011 to shareholders of record at the close of business on April 6, 2011.
     
    Christopher & Banks Corporation is a specialty retailer of women’s clothing.
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    The Board of Directors of Cypress Sharpridge Investments, Inc. (NYSE: CYS) declared a quarterly dividend of $0.60 per share of common stock for the first quarter of 2011. The dividend will be paid on April 20, 2011 to stockholders of record on April 6, 2011.
     
    Cypress Sharpridge Investments, Inc. is a specialty finance company that invests on a leveraged basis in residential mortgage pass-through certificates.
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    The board of directors of General Dynamics (NYSE: GD) declared a regular quarterly dividend of  47 cents per share on the company's common stock, payable May 6, 2011, to shareholders of record on April 8.  The dividend represents a 12 percent increase from the previous quarterly dividend of 42 cents per share.
     
    General Dynamics is a market leader in business aviation; land and expedi-tionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies.  
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    Oxford Industries, Inc. (NYSE: OXM) reported on a U.S. GAAP basis, earnings per diluted share from continuing operations were $0.10 in the fourth quarter compared to $0.07 in the same period of the prior year.  Net earnings per diluted share in the fourth quarter, which includes discontinued operations and the $2.99 per share gain on the sale of the Oxford Apparel operations, were $3.22 compared to $0.24 in the same period of the prior year. On a U.S. GAAP basis, the Company reported earnings per diluted share from continuing operations of $0.98 in fiscal 2010 compared to $0.09 in the prior year.  Net earnings per diluted share were $4.75 in fiscal 2010 compared to $0.90 in the prior year. 
     
    The Company announced that its Board of Directors has declared a cash dividend of $0.13 per share payable on April 29, 2011 to shareholders of record as of the close of business on April 15, 2011. This represents an 18% increase from the dividend paid in the fourth quarter of fiscal 2010.  The Company has paid dividends every quarter since it became publicly owned in 1960.
     
    The Company expects net sales in the first quarter of fiscal 2011 to be in the range of $200 million to $210 million compared to net sales of $163.6 million in the first quarter of fiscal 2010.  Earnings per diluted share from continuing operations, before the impact of purchase accounting, are expected to be between $0.95 and $1.05 in the first quarter of fiscal 2011 compared to adjusted earnings per diluted share from continuing operations of $0.54 in the first quarter of fiscal 2010.
     
    Oxford Industries, Inc. is an international apparel design, sourcing and marketing company featuring a diverse portfolio of owned and licensed brands.
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    The Board of Directors of Graco Inc. (NYSE: GGG) has declared a regular quarterly dividend of 21 cents per common share, payable on May 4, 2011, to shareholders of record at the close of business on April 18, 2011. The Company has approximately 60.1 million shares outstanding.
     
    Graco Inc. supplies technology and expertise for the management of fluids in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and spray fluid materials. 
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    Presidential Life Corporation (Nasdaq: PLFE) announced Total revenues in the fourth quarter of 2010 were $88.8 million, an increase of 12.4% or $9.8 million from $79.1 million in the fourth quarter of 2009. Revenues for the full year totaled $297.0 million, an increase of 13.0% or $34.1 million from $263.0 million in 2009. Fourth quarter 2010 net income was $14.6 million ($0.50 per share), compared with $10.4 million ($0.35 per share) for the comparable three-month period in 2009. For the full year of 2010, Presidential Life had net income of $21.5 million ($0.73 per share), compared with net income of $14.7 million ($0.50 per share) for the full year of 2009. 
     
    The company will continue to reduce exposure to limited partnership investments, and we plan to redeploy the proceeds from the dispositions of such investments into more liquid securities that have lower capital requirements and more predictable revenue streams
     
    Presidential Life Corporation, through its wholly owned subsidiary Presidential Life Insurance Company, is a leading provider of fixed deferred and immediate annuities, life insurance and accident & health insurance products to financial service professionals and their clients. 
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    For more information, visit cdtv.net
    Disclosure: No positions
    *** 
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