Stocks turned lower after news of a 7.4-magnitude earthquake east of Sendai Honshu, in northern Japan, which triggered a tsunami alert.
Scholastic Corporation (Nasdaq: SCHL) Board of Directors today declared a quarterly cash dividend of $0.10 per share on the Company's Class A and Common Stock for the fourth quarter of fiscal 2011. The dividend is payable on June 15, 2011 to shareholders of record as of the close of business on April 29, 2011. The dividend yield is 1.50%.
Scholastic Corporation (Nasdaq: SCHL) is the world's largest publisher and distributor of children's books and a leader in educational technology and children's media.
WD-40 Company (Nasdaq: WDFC) reported net sales for the second quarter ended Feb. 28, 2011 of $79.2 million, a decrease of 2% from the second quarter last fiscal year. Year-to-date net sales were $160.1 million, up 1% from the same period last fiscal year.
Net income for the second quarter was $9.1 million, a decrease of 15% compared to the prior year fiscal quarter. Year-to-date net income was $18.2 million, a decrease of 9% from the prior fiscal year.
Diluted earnings per share were $0.53 in the second quarter, compared to $0.64 per share for the same quarter last fiscal year. Through six months, diluted earnings per share were $1.06 compared to $1.20 in the same period last fiscal year.
On April 4, 2011, WD-40 Company\'s board of directors authorized an increase in the existing share buyback plan of $25.0 million (of which $9.6 million has been utilized) to a total of $60.0 million of its outstanding shares and to extend the expiration date of the plan to April 4, 2013.
Updated Fiscal Year 2011 Guidance
WD-40 Company now expects fiscal year 2011 net sales of $335.0 million to $350.0 million. The Company expects net income of $37.5 million to $39.5 million and diluted earnings per share of $2.23 to $2.35 for fiscal year 2011 based on an estimated 16.8 million weighted average shares outstanding. The Company expects advertising and promotion expenses to be within its historical range of 6.5% to 8.0% of net sales.
WD-40 Company produces and sells lubricants, hand cleaners, and household cleaners worldwide.
NSTAR (NYSE: NST) Board of Trustees declared a quarterly dividend of $0.425 per common share. This is NSTAR’s 488th consecutive dividend, payable May 2, 2011 to shareholders of record April 8, 2011. The dividend yield is 3.60%.
NSTAR, headquartered in Boston, is an energy delivery company.
MSC Industrial Direct Co., Inc. (NYSE: MSM) reported for the fiscal 2011 second quarter, net sales rose 22.2% to $483.4 million, compared with $395.5 million in the prior year period. Operating income increased 61.6% in the fiscal 2011 second quarter to $80.6 million, or 16.7% of net sales, from $49.9 million, or 12.6% of net sales, in the second quarter of fiscal 2010. For the second quarter of fiscal 2011, the Company reported net income of $49.7 million, an increase of 62.1% over net income of $30.6 million in the second quarter of fiscal 2010. Diluted earnings per share in the fiscal 2011 second quarter were $0.78 (based on 63.3 million diluted shares outstanding), compared to $0.48 (based on 63.0 million diluted shares outstanding) in the same period a year ago, an increase of 62.5%
For the fiscal 2011 third quarter, the Company expects net sales to be between $524 million and $536 million and expects diluted earnings per share for the third quarter of fiscal 2011 to be between $0.90 and $0.94.
MSC Industrial Direct Co., Inc. is one of the largest direct marketers and premier distributors of Metalworking and Maintenance, Repair and Operations ("MRO") supplies to industrial customers throughout the United States.
Accenture (NYSE: ACN) Board of Directors declared a semi-annual cash dividend of $0.45 per share on Accenture plc Class A ordinary shares for shareholders of record at the close of business on April 15, 2011, and Accenture SCA will declare a semi-annual cash dividend of $0.45 per share on Accenture SCA Class I common shares for shareholders of record at the close of business on April 12, 2011. These dividends are both payable on May 13, 2011.
Combined with the semi-annual cash dividend of $0.45 per share paid on Nov. 15, 2010, this brings the total dividend payments for the fiscal year to $0.90 per share, for total projected cash dividend payments of approximately $640 million. The dividend yield is 1.60%.
Accenture is a global management consulting, technology services and outsourcing company, with more than 215,000 people serving clients in more than 120 countries.
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