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  • Stock Market News and Dividend Report for Thursday April 14, 2011 - CDTV.net 0 comments
    Apr 14, 2011 3:14 PM | about stocks: SVT, MW, HAS, DUK, FF, SVU
    Servotronics, Inc. (NYSE Amex: SVT)  Board of Directors declared a $0.15 per share cash dividend.  The dividend will be paid on May 20, 2011 to shareholders of record on April 29, 2011. 
     
    Servotronics, Inc., together with its subsidiaries, designs, manufactures, and markets control components and consumer products in the United States and internationally. 
    ***
    Men's Wearhouse (NYSE: MW) Board of Directors declared a quarterly cash dividend of $0.12 per share on the Company's common stock, payable on June 24, 2011 to shareholders of record at the close of business on June 14, 2011.  
     
    Founded in 1973, Men's Wearhouse is one of North America's largest specialty retailers of men's apparel.
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    Hasbro, Inc. (NASDAQ: HAS) today reported 2011 first quarter results. The Company reported net revenues of $672.0 million compared to $672.4 million in the first quarter 2010. First quarter 2011 net revenues include a positive $4.8 million impact of foreign exchange. The Company reported net earnings for the first quarter 2011 of $17.2 million or $0.12 per diluted share versus $58.9 million or $0.40 per diluted share in 2010. First quarter 2010 net earnings were $0.26 per diluted share, excluding a favorable tax adjustment of $21.2 million or $0.14 per diluted share.
     
    The Company repurchased a total of 1.4 million shares of common stock during the first quarter 2011 at a total cost of $63.7 million and an average price of $45.48 per share. At quarter end, $86.4 million remained available under the current share repurchase authorization.
     
    Hasbro, Inc. engages in the design, manufacture, and marketing of games and toys.
    ***
    Duke Energy (NYSE: DUK) intends to store electricity generated at its Notrees Windpower Project in west Texas using an energy storage and power management system developed by Austin-based Xtreme Power.
     
    In November 2009, Duke Energy announced plans to match a $22 million grant from the U.S. Department of Energy (DOE) to install large-scale batteries capable of storing electricity produced by the company\'s 153-megawatt (MW) Notrees wind farm, located in Ector and Winkler counties.
     
    This system will store excess wind energy and discharge it whenever demand for electricity is highest – not just when wind turbine blades are turning.
     
    Duke Energy is targeting an in-service date for the battery storage system by late 2012.
     
    Duke Energy Corporation operates as an energy company in the Americas.
    *** 
    SUPERVALU INC. (NYSE: SVU) reported fourth quarter fiscal 2011 net sales of $8.7 billion and net earnings of $95 million, or $0.44 per diluted share. 
    In the fourth quarter of fiscal 2010, net sales were $9.2 billion and net earnings were $97 million, or $0.46 per diluted share. 
     
    The Company reported full-year net sales of $37.5 billion and a net loss of $1.51 billion, or $7.13 per diluted share. 
    In fiscal 2010, the Company reported net sales of $40.6 billion and net earnings of $393 million, or $1.85 per diluted share
     
    Fiscal 2012 Guidance
    The Company expects to generate fiscal 2012 earnings per diluted share on a GAAP basis within a range of $1.20 to $1.40.
     
    SUPERVALU INC. is one of the largest companies in the U.S. grocery channel with annual sales of approximately $38 billion. 
    ********** 
    For more information, visit cdtv.net
    Disclosure: No positions
    *** 
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