Superior Industries International, Inc. (NYSE:SUP) announced that it will distribute a regular quarterly cash dividend on the common stock of the Corporation in the amount of $0.16 per share payable April 22, 2011 to shareholders of record as of April 8, 2011.
Superior designs, manufactures and supplies aluminum wheels to Ford, General Motors, Chrysler, BMW, Mitsubishi, Nissan, Subaru, Toyota and Volkswagen.
Saul Centers, Inc. (NYSE: BFS) has declared a quarterly dividend of $0.36 per share on its common stock, to be paid April 29, 2011 to holders of record on April 15, 2011.
Saul Centers is a self-managed, self-administered equity real estate investment trust
Progress Energy's board of directors declared a dividend on the company's common stock. The quarterly dividend was declared at 62 cents per share, payable May 2, 2011, to shareholders of record as of April 11, 2011. This represents a total annual dividend of $2.48 per share.
Progress Energy (NYSE: PGN), is a Fortune 500 energy company with more than 22,000 megawatts of generation capacity and approximately $10 billion in annual revenues.
Robbins & Myers, Inc. (NYSE: RBN) reported diluted net earnings per share (DEPS) of $0.32 for its fiscal second quarter ended February 28, 2011, compared with $0.13 in the prior year second quarter. Adjusting for one-time charges relating to the acquisition of T-3 Energy Services, Inc. (T-3) on January 10, 2011, the Company earned $0.62 per share, which included approximately $0.06 of certain income tax and operating benefits which are not expected to recur.
Robbins & Myers also reported it has entered into an agreement to sell its Romaco businesses to a group of funds led by Deutsche Beteiligungs AG (DBAG), a Frankfurt, Germany-based private equity investment firm. Total consideration of euro 65 million (approximately $92 million) includes euro 61 million of cash and euro 4 million of assumed liabilities and is subject to post-closing adjustments. The transaction is expected to close in the third fiscal quarter following German regulatory approval.
Based on recent financial performance, and anticipating the sale of the Romaco businesses, Robbins & Myers revised its fiscal 2011 adjusted DEPS forecast from $1.85-$2.05 to $1.95-$2.15 and expects to earn $0.45-$0.55 in its third quarter of 2011.
Robbins & Myers, Inc. is a leading supplier of engineered equipment and systems for critical applications in global energy, industrial, chemical and pharmaceutical markets.
The Board of Directors of Marsh & McLennan Companies, Inc. (NYSE: MMC) declared a quarterly dividend of $.21 per share on outstanding common stock, payable on May 16, 2011 to shareholders of record on April 8, 2011.
Marsh & McLennan Companies is a global professional services firm providing advice and solutions in the areas of risk, strategy and human capital.
Worthington Industries, Inc. (NYSE: WOR) reported net sales of $569.4 million and net earnings of $26.3 million, or $0.35 per share, for its fiscal 2011 third quarter ended February 28, 2011. In last year’s third quarter, the Company reported net sales of $451.1 million and a net loss of $17.7 million, or $0.22 per share, which included $0.28 per share in impairment and restructuring charges.
The company remain optimistic about the current business environment
Worthington Industries is a leading diversified metals manufacturing company with 2010 fiscal year sales of approximately $1.9 billion.
*** On other news today
The unemployment rate drop to a two-year low of 8.8 percent in March and companies added workers at the fastest pace in two-months since before the recession began.
The Labor Department annouced Friday that the economy added 216,000 new jobs last month, offsetting layoffs by local governments. Factories, education, retailers, health care and financial services expanded payrolls.
Manufacturing activity dropped off a bit last month after expanding in February at the fastest pace in almost seven years. The sector grew for the 20th consecutive month.
The index of manufacturing activity dipped to 61.2 from 61.4 in February.
A reading of above 50 indicates growth. The index bottomed during the recession at 33.3 on December 2008, which is the lowest point since June 1980.
There were fewer new construction work on homes, apartments and government projects in February which pushed construction activity down to the lowest level in more than a decade.
Construction spending fell for a third straight month, dropping 1.4 percent in February, the Commerce Department said Friday. The total activity is down to a seasonally adjusted annual rate of $760.6 billion, the smallest total since October 1999.
Disclosure: No positions
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