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Stock Market News and Dividend Report for Friday April 8, 2011 -

|Includes:APA, APOG, BEBE, DIS, LOW, MAA, RAD, SureWest Communications (SURW)
SureWest Communications (Nasdaq: SURW) Board of Directors has approved a quarterly cash dividend of 8 cents per share payable on June 15, 2011 to shareholders of record at the close of business on May 16, 2011*. This represents a quarterly payout of approximately $1.1 million. Div & Yield: 0.32 (2.30%)
SureWest Communications ( is a leading integrated communications provider and the bandwidth leader in the markets it serves. 
MAA (NYSE: MAA)  announced that its board of directors approved a quarterly common dividend of $0.6275 per share payable on April 29, 2011 to shareholders of record on April 15, 2011.  Div & Yield: 2.51 (3.90%).
MAA is a self-administered, self-managed apartment-only real estate investment trust
Apogee Enterprises, Inc. (Nasdaq:APOG) announced full year revenues vs last year of $582.8 million were down 16 percent. Per share loss from continuing operations was $0.51, versus earnings of $1.13 last year.
Fourth quarter revenues of $147.9 million were flat compared to last year. Per share loss from continuing operations was $0.12, versus earnings of $0.01 a year ago.
Company expects slight increase in revenues, and a potential to be profitable for the year, with first-half losses offset by second-half earnings.
Apogee Enterprises, Inc., headquartered in Minneapolis, is a leader in technologies involving the design and development of value-added glass products and services. 
The Board of Directors of Apache Corporation (NYSE, Nasdaq: APA) has declared regular cash dividends on the company's common shares. The dividend on the common shares is payable on May 23, 2011, to stockholders of record on April 22, 2011, at the rate of 15 cents per share.* Div & Yield:0.60 (0.50%).
Apache Corporation is an oil and gas exploration and production company
bebe stores, inc. (Nasdaq: BEBE) reported retail sales from continuing operations of $100.8 million for the third quarter ended April 2, 2011, a decrease of 0.5% compared to $101.3 million for the fiscal quarter ended April 3, 2010. Same store sales for the fiscal quarter ended April 2, 2011 decreased 0.7% compared to a decrease of 11.2% in the prior year.
bebe stores, inc. designs, develops and produces a distinctive line of contemporary women’s apparel and accessories
The Walt Disney Company (NYSE: DIS) and Shanghai Shendi Group, its joint venture partner in China, have broken ground on the Shanghai Disney Resort following approval from the Chinese central government in Beijing. Both companies marked the start of construction on the first Disney resort in mainland China at a groundbreaking ceremony.
The new Shanghai Disney Resort is slated to open in approximately five years.
There will be an initial investment in the project of approximately 24.5 billion yuan (US$3.7 billion) to build the theme park and an additional 4.5 billion yuan (US$0.7 billion) to build the other aspects of the resort, including the hotels and the retail, dining and entertainment area. The investment amounts will be split between Disney and the Shanghai Shendi Group with Disney holding 43% of the shares of the owner companies and the Shanghai Shendi Group holding the remaining 57%. 
The Walt Disney Company (NYSE: DIS), together with its subsidiaries and affiliates, is a diversified international family entertainment enterprise.
The Board of Directors for Lowe's Companies, Inc. (NYSE: LOW) has declared a quarterly cash dividend of eleven cents ($0.11) per share, payable May 4, 2011, to shareholders of record as of April 20, 2011. Div & Yield: 0.44 (1.60%)
Lowe's Companies, Inc. is the second-largest home improvement retailer in the world.
Rite Aid Corporation (NYSE: RAD) reported fourth quarter net loss was $205.7 million or $0.24 per diluted share compared to last year’s fourth quarter net loss of $208.4 million or $0.24 per diluted share. 
Net loss for fiscal 2011 was $555.4 million or $0.64 per diluted share compared to last year’s net loss of $506.7 million or $0.59 per diluted share. 
Rite Aid said it expects sales to be between $25.7 billion and $26.1 billion in fiscal 2012 with same stores sales expected to range from an increase of 0.5 percent to an increase of 2.0 percent over fiscal 2011.
Net loss for fiscal 2012 is expected to be between $370 million and $560 million or a loss per diluted share of $0.42 to $0.64.
Rite Aid is one of the nation’s leading drugstore chain 
I would like to thank the Portugees representatives that invited to the Wines of Portugal wine tasting event at Lincoln Center last Monday. I had the pleasure of meeting the ambasador of Portugal. 
Also thanks to Warner Brothers pictures for inviting to the movie review of Arthur last Wednesday. This movie is a fresh new look at a classic story, Russell Brand reinvents the role of loveable billionaire Arthur Bach, an irresponsible charmer who has always relied on two things to get by: his limitless fortune and the good sense of his lifelong nanny and best friend Hobson (Helen Mirren), to keep him out of trouble. We give Arthur 4 out of 5 stars. Arthur opens today in theaters. 
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Disclosure: No positions
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