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  • Stock Market News and Dividend Report for Monday April 4, 2011 -  0 comments
    Apr 4, 2011 1:00 PM | about stocks: WSCI, RTN, SKYW, DFS, MCD, PFE
    WSI Industries, Inc. (Nasdaq:WSCI) Board of Directors declared a quarterly dividend of $.04 per share. The dividend will be payable April 20, 2011 to holders of record on April 6, 2011.
    WSI Industries, Inc. engages in precision contract metal machining business in the United States. 
    The Board of Directors of Bank of South Carolina Corporation, (Nasdaq: BKSC) declared a $.10 per share quarterly dividend payable April 29, 2011 to shareholders of record as of April 8, 2011.
    The Board of Directors of Bank of South Carolina Corporation, (Nasdaq: BKSC) is the parent Company for The Bank of South Carolina
    Raytheon Company's (NYSE: RTN) Board of Directors voted to increase the Company's annual dividend payout rate by 15 percent from $1.50 to $1.72 per share. The Board also authorized payment of a quarterly cash dividend of $0.43 per outstanding share of common stock to be paid on April 28, 2011 to shareholders of record as of the close of business on April 6, 2011.  This marks the seventh consecutive year that the company have raised the dividend.
    Raytheon Company (NYSE: RTN), with 2010 sales of $25 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. 
    SkyWest, Inc. (Nasdaq:SKYW) announced that it expects its financial results for the quarter ended March 31, 2011, to be significantly lower than it previously anticipated. SkyWest is forecasting a net loss of between $ (13.0) million and $ (15.0) million resulting in a basic and diluted loss per share estimated to be between $(0.24) and $(0.28) per share. 
    SkyWest, Inc., through its subsidiaries, operates as a regional airline in the United States. 
    Discover Financial Services (NYSE: DFS) declared a first quarter dividend of $0.06 per share, representing a restoration of the dividend to the pre-financial crisis level. The cash dividend is payable on April 21, 2011, to stockholders of record at the close of business on April 7, 2011.
    Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. 
    McDonald's and its franchisees are looking to hire up to 50,000 new crew and restaurant management positions at restaurants across the country during a hiring event on April 19.  The one-day event will seek to bring in and hire a combination of both full and part-time positions in close to 14,000 U.S. restaurants.
    McDonald's Corporation, together with its subsidiaries, operates as a worldwide foodservice retailer.
    Pfizer and Kohlberg Kravis Roberts & Co L.P. (together with its affiliates, KKR) announced they have entered into an agreement whereby an affiliate of KKR will acquire Pfizer’s Capsugel business for $2.375 billion in cash. Capsugel, the world leader in hard capsules and an innovator in drug-delivery systems, generated approximately $750 million in revenue and manufactured more than 180 billion hard capsules in 2010.
    As a result of this transaction, Pfizer is updating its previous 2011 Reported Revenue guidance range from $66.0 - $68.0 billion to $65.2 - $67.2 billion, and its previous 2012 Reported Revenue target range from $63.0 – $65.5 billion to $62.2 - $64.7 billion, while maintaining all other elements of its 2011 financial guidance and 2012 financial targets.
    Pfizer Inc., a biopharmaceutical company, engages in the discovery, development, manufacture, and marketing of prescription medicines for humans and animals worldwide. 
    For more information, visit
    Disclosure: No positions
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    Stocks: WSCI, RTN, SKYW, DFS, MCD, PFE
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