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  • Stock Market News and Dividend Report for Fri Sep 3, 2010 0 comments
    Sep 3, 2010 4:26 PM | about stocks: HPQ, AFL, ECL, ITW
    HP (NYSE: HPQ) and 3PAR Inc. announced that they have entered into a definitive agreement under which HP will purchase 3PAR, a leading global provider of utility storage, through a cash tender offer of $33 per share in cash, or an enterprise value of $2.35 billion. The transaction has been approved by the boards of directors of both companies.
    HP is the world’s largest technology company.
    Aflac Incorporated (NYSE: ALF) board of directors approved a 7.1% increase in the quarterly cash dividend, effective with the fourth quarter payment. The fourth quarter dividend of $.30 per share is payable on December 1, 2010, to shareholders of record at the close of business on November 17, 2010. 
    Aflac Incorporated, through its subsidiary, provides supplemental health and life insurance.
    The Board of Directors of Ecolab Inc. (NYSE: ECL) declared a regular quarterly cash dividend of $0.155 per common share, to be paid October 15, 2010, to shareholders of record at the close of business on September 21, 2010. Ecolab has paid cash dividends on its common stock for 73 consecutive years.
    Ecolab (NYSE: ECL) is the global leader in cleaning, sanitizing, food safety and infection prevention products and services.
    The board of directors of Illinois Tool Works Inc. (NYSE: ITW) declared a regular quarterly cash dividend of 34 cents per share or $1.36 per share on an annual basis.  As a result of the Company's strong free operating cash flow, the quarterly increase of 3 cents per share—12 cents per share annually—represents a 10 percent increase over the current dividend rate.
    The newly-increased dividend will be paid on Wednesday, October 13, 2010 to stockholders of record on Thursday, September 30, 2010.
    With $13.9 billion in 2009 revenues, ITW is a multi-national manufacturer of a diversified range of value-adding and short-lead time industrial products and equipment.
    For more information, visit
    Disclosure: No positions
    Save the date:
    Institutional Investors Conference in New York, October 19, 2010
    Stocks: HPQ, AFL, ECL, ITW
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