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Stock Market News and Dividend Report for Tuesday April 5, 2011 - CDTV.net

Apr. 05, 2011 2:27 PM ETUBFO, PULB, SHLM, DRI, TXN, ROP, TECH
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United Security Bancshares (Nasdaq: UBFO) Board of Directors declared a 2nd quarter 2011 stock dividend of one percent (1%). The stock dividend will be paid to shareholders of record on April 8, 2011 and the dividend shares will be issued on April 20, 2011. This marks the 10th consecutive stock dividend since initiated in 2008. 
United Security Bancshares operates as the bank holding for United Security Bank that provides a range of commercial banking services primarily to the business and professional community, and individuals in California.
Pulaski Financial Corp. (NasdaqGS: PULB) Board of Directors declared its regular quarterly cash dividend of 9.5 cents per share, which equals an annualized dividend rate of 38 cents per share. The quarterly dividend is payable April 15, 2011 to shareholders of record as of the close of business on April 8, 2011.
Pulaski Financial Corp., operating in its 89th year through its subsidiary, Pulaski Bank, serves customers throughout the St. Louis and Kansas City metropolitan areas. 
A. Schulman, Inc. (Nasdaq: SHLM) announced earnings for the fiscal 2011 second quarter ended February 28, 2011.  The Company reported net income for the second quarter of $7.1 million, or $0.23 per diluted share, compared with a net loss of $6.8 million, or $0.26 per share, for the comparable period last year.  
The Company has repurchased 625,000 shares of its common stock at an average price of $21.75 per share during fiscal 2011. The Company has approximately 2.3 million shares remaining from the previous board-authorized share repurchase program.  
Business Outlook
Based upon year-to-date results, the Company reaffirms its fiscal 2011 net income guidance in the range of $57 million to $62 million.  The guidance assumes a euro exchange rate of $1.35 as well as the seasonal volume improvements typically seen in the Company’s third and fourth quarters.  
A. Schulman is a leading international supplier of high-performance plastic compounds and resins.
Darden Restaurants, Inc. (NYSE: DRI) Board of Directors declared a quarterly dividend of 32 cents per share on the Company's outstanding common stock.  The dividend is payable on May 2, 2011 to shareholders of record at the close of business on April 8, 2011.
Darden Restaurants, Inc., (NYSE: DRI) is the world's largest company-owned and operated full-service restaurant company with over $7.1 billion in annual sales and approximately 180,000 employees.  
Texas Instruments Incorporated (NYSE: TXN) and National Semiconductor (NYSE: NSM) announced they have signed a definitive agreement under which TI will acquire National for $25 per share in an all-cash transaction of about $6.5 billion.  The acquisition combines two industry leaders in analog semiconductors, each with unique strengths in delivering products to improve performance and efficiency and convert real-world signals in electronic systems.  The boards of directors of both companies have unanimously approved the transaction.
The market for analog semiconductors was $42 billion in 2010.  TI is the market leader with 2010 analog revenue of $6.0 billion, or 14 percent of the market.  National's revenue in calendar year 2010 was about $1.6 billion, or 3 percent of the market.
Roper Industries, Inc. (NYSE: ROP) Board of Directors has approved a dividend of $0.11 per share payable on April 22, 2011 to stockholders of record on April 8, 2011.
Roper provides engineered products and solutions for global niche markets, including water, energy, radio frequency and research/medical applications.
Techne Corporation (NASDAQ: TECH) announced that its R&D Systems subsidiary has acquired the assets of Boston Biochem, Inc., a leading developer and manufacturer of innovative ubiquitin-related research products.  These products provide biomedical researchers the tools that facilitate and accelerate basic research and drug discovery efforts.  R&D Systems Europe simultaneously acquired the assets of Boston Biochem Limited, a United Kingdom based company that serves as the European markets distributor of the Boston Biochem, Inc. products.  R&D Systems is a leading developer and manufacturer of purified cytokines (proteins), antibodies and assay kits which are sold to biomedical researchers and clinical research laboratories.
Boston Biochem was founded in 1997 and currently offers over 800 ubiquitin-related products. 
Boston BioChem, Inc. and Boston BioChem Limited had combined product sales of about $2.5 million in calendar 2010 and, therefore, the acquisitions will not have a material effect on Techne Corporation's fourth quarter fiscal year 2011 or fiscal 2012 sales.  The acquisitions are expected to be slightly dilutive (less than $0.02/share) to Techne Corporation's fiscal year ending June 30, 2012 net earnings due to the impact of acquisition accounting.  The Boston Biochem assets were acquired for cash.
The acquisitions will enhance and supplement the depth and breadth of R&D Systems' product offering and will augment its ability to serve research scientists, as well as leverage its marketing, sales and distribution capabilities with this important product class.
TECHNE Corporation and its subsidiaries engage in the development, manufacture, and sale of biotechnology products, and hematology calibrators and controls primarily in the United States and Europe.
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