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Stock Market News and Dividend Report for Wednesday March 23, 2011 -

|Includes: BAMM, CBRL, CUK, DFS, GHC, WGL Holdings, Inc. (WGL), WMT
The Board of Directors of WGL Holdings, Inc. (NYSE:WGL) voted to increase the quarterly dividend on its common stock to $0.3875 per share from $0.3775 per share. This change increases the annualized dividend level to $1.55 per share from $1.51 per share.
This annual increase is the 35th consecutive year that WGL Holdings, Inc. has increased the cash dividend on its common stock. The company has one of the longest dividend payment records on the New York Stock Exchange, with 160 years of dividend payments to shareholders.
The new quarterly dividend is payable May 1, 2011, to shareholders of record on April 8, 2011.
WGL Holdings, Inc. engages in the delivery and sale of natural gas, and provides energy-related products and services in the District of Columbia, Maryland, Virginia, and Delaware. 
Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) Board of Directors has declared a regular dividend to common shareholders of $0.22 per share, payable on May 5, 2011, to shareholders of record on April 15, 2011.
Cracker Barrel Old Country Store, Inc. primarily engages in the operation and development of the Cracker Barrel Old Country Store restaurant and retail concept in the United States. 
Books-A-Million, Inc. (NASDAQ: BAMM) announced financial results for the fourth quarter and 52-week fiscal year ended January 29, 2011. Net sales for the 13-week period ended January 29, 2011, decreased 2.6% to $153.1 million from net sales of $157.2 million in the year-earlier period. Comparable store sales for the fourth quarter decreased 6.7% when compared with the prior-year fourth quarter. Net income for the quarter decreased to $6.8 million, or $0.44 per diluted share, compared with net income of $11.9 million, or $0.76 per diluted share, for the prior-year fiscal quarter.
The Company also announced that its Board of Directors has approved a quarterly cash dividend of $0.05 per share. The dividend will be paid on April 19, 2011, to stockholders of record at the close of business on April 5, 2011.
Books-A-Million is one of the nation’s leading book retailers and sells on the Internet at
The Board of Directors of Wal-Mart Stores, Inc. (NYSE: WMT) has approved an annual dividend of $1.46 per share, a 21 percent increase from the $1.21 per share paid during fiscal year 2011. For the current fiscal year ending Jan. 31, 2012, the annual dividend of $1.46 per share will be paid in four quarterly installments of $0.3650 per share
The dividend is payable June 6, 2011 to holders of record May 13, 2011.
Based upon the fiscal year 2012 dividend payout, the company plans to return more than $5 billion to its shareholders in the form of dividends in fiscal year 2012. Walmart has increased its dividend every year since the first declared dividend of $0.05 per share in March 1974.
Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. 
Discover Financial Services (NYSE: DFS) reported net income for the first quarter of 2011 of $465 million, as compared to a net loss of $104 million for the first quarter of 2010.
Discover card sales volume was $24 billion in the quarter, an increase of 7% from the prior year.
The company’s board declared a cash dividend of $0.06 per share of common stock, payable on April 21, 2011, to stockholders of record at the close of business on April 7, 2011, representing a restoration of the dividend to the pre-financial crisis level.
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. 
The Washington Post Company (NYSE: WPO) declared a regular quarterly dividend of $2.35 per share, payable on May 6, 2011, to shareholders of record on April 25, 2011.
The Washington Post Company, together with its subsidiaries, operates as a diversified education and media company in the United States and internationally.
Carnival Corporation & plc (NYSE: CUK) reported net income of $152 million, or $0.19 diluted EPS, on revenues of $3.4 billion for its first quarter ended February 28, 2011. Net income for the first quarter 2010 was $175 million, or $0.22 diluted EPS, on revenues of $3.2 billion.  The first quarter 2010 included the favorable impact of $0.10 per share from unusual items.  
Eearnings in the first quarter 2011 were at the high end of the company's December guidance due to lower than expected unit costs which offset higher than expected fuel prices.    
2011 Outlook  
Since the start of the calendar year, booking volumes and prices for the remaining three quarters are running higher than the prior year. At this point in time, cumulative advance bookings for the remainder of the year are at higher prices with slightly lower occupancies versus last year.  
The company expects full year net revenue yields, on a constant dollar basis, to increase 2.5 to 3.5 percent compared to 3 to 4 percent in its December guidance. 
Carnival Corporation & plc is the largest cruise vacation group in the world.
Other news today
Japan's government said the cost of the earthquake and tsunami that devastated the northeast region may reach $309 billion, making it the world's most expensive natural disaster on record.
The estimate does not include the impact of power shortages triggered due to damaged nuclear power plant, so the overall economic impact could be more. It also leaves out the global repercussions.
If the government's projection is correct, it would top the losses from Hurricane Katrina's 2005 megastorm in New Orleans and the surrounding region that cost $125 billion, according to the Insurance Information Institute.
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