Stock Market News and Dividend Report for Tuesday March 22, 2011 - CDTV.net
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Rimage Corporation (Nasdaq: RIMG) board of directors initiated a quarterly cash dividend policy and authorized a dividend of $0.10 per diluted share, payable on April 15, 2011 to shareholders of record as of March 31, 2011.
Rimage Corporation (rimage.com) is the world’s leading provider of workflow-integrated digital publishing solutions that produce CD/DVD/Blu-ray discs with customized content and durable disc labeling.
McGrath RentCorp (NASDAQ: MGRC) board of directors declared a quarterly cash dividend of $0.23 per share for the quarter ending March 31, 2011, an increase of 2% over the prior year period. The cash dividend will be payable on April 29, 2011 to all shareholders of record on April 15, 2011.
McGrath RentCorp is a diversified business-to-business rental company.
St. Jude Medical, Inc. (NYSE: STJ) Board of Directors approved the initiation of a regular quarterly cash dividend to shareholders. The initial quarterly dividend of $.21 per share will be paid on April 29, 2011, to stockholders of record at the close of business on March 31, 2011.
St. Jude Medical, Inc. (NYSE: STJ), a global medical device company.
Tiffany & Co. (NYSE: TIF) reported that, in the fourth quarter ended January 31, 2011, its worldwide net sales increased 12% due to growth in all geographic regions, and that net earnings from continuing operations rose 31%. For the full year, worldwide net sales and net earnings from continuing operations rose 14% and 39%.
Tiffany & Co. operates jewelry stores and manufactures products through its subsidiary corporations.
Adams Resources & Energy, Inc., (NYSE Amex: AE), announced unaudited fourth quarter 2010 net earnings of $2,390,000 or $.57 per common share on revenues totaling $628,589,000. This compares to an unaudited fourth quarter 2009 net loss of $1,094,000 or $.26 per share on revenues of $511,618,000. For the full year of 2010, net earnings totaled $8,631,000 or $2.05 per share on revenues of $2,211,970,000. The Company paid an annual cash dividend of $.54 per share during the fourth quarter of 2010 which represented an eight percent increase over 2009. Net cash provided by operating activities totaled $36,928,000 for the year 2010. The Company continues to have no bank debt or other forms of debenture obligations. Cash balances at December 31, 2010 totaled $29,032,000.
Adams Resources & Energy, Inc., together with its subsidiaries, engages in marketing crude oil, natural gas, and petroleum products.
The board of directors of Alleghany Corporation (NYSE: Y) has declared a dividend on its common stock of one share of Alleghany common stock in respect of every 50 shares outstanding. This stock dividend will be distributed on April 29 to holders of record on April 1. Cash will be paid in lieu of fractional shares of Alleghany stock.
Alleghany Corporation, through its subsidiaries, engages in the property and casualty, and surety insurance business.
Illinois Tool Works Inc. (NYSE: ITW) reported a total operating revenue increase of 11 percent for the three months ended February 28, 2011 compared to the year-ago period. Organic or base revenues contributed 9 percent to total revenue growth in the three month period. In addition, acquisitions added 3 percent to top line growth while currency translation was 1 percent negative. The three month results reflect the Company’s elimination of the one month lag for international reporting. A number of worldwide end markets continued to show strong demand levels for the three month period, especially those end markets associated with the Company’s welding, electronics, test and measurement, industrial packaging and automotive OEM businesses.
Based on the elimination of the one month lag for international results and the resulting calendar year reporting format, the Company is forecasting 2011 first quarter diluted income per share from continuing operations to be in a range of $1.14 to $1.20.
For full-year 2011, the Company is forecasting diluted income per share from continuing operations to be in a range of $3.93 to $4.17.
With nearly 100 years of history, Illinois Tool Works Inc. (NYSE: ITW) is a Fortune 200 global diversified industrial manufacturer.
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