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Stock Market News and Dividend Report for Tuesday April 26, 2011 - CDTV.net

|Includes: CUZ, IBM, KO, Marchex, Inc. (MCHX), MMM, TPR
Marchex, Inc. (NASDAQ: MCHX) Board of Directors has declared a regular quarterly dividend in the amount of $0.02 per share on its common stock. Marchex will pay these dividends on May 16, 2011 to the holders of record as of the close of business on May 6, 2011. 
 
Marchex, Inc., a performance marketing company, provides call and click-based advertising products to advertisers. 
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Cousins Properties Incorporated (NYSE: CUZ) Board of Directors has declared a regular quarterly cash dividend of $0.045 per common share, payable May 27, 2011, to common stockholders of record on May 13, 2011. The $0.045 per share quarterly dividend equates to $0.18 on an annualized basis.*
 
Cousins Properties Incorporated is a leading diversified real estate company 
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3M (NYSE: MMM) today reported record first-quarter sales of $7.3 billion, up 15.2 percent year-on-year, including an 8.9 percent increase in organic sales volumes. Earnings rose 15.5 percent to $1.49 per share and operating margins for the quarter were 21.6 percent. All six of the company’s business segments posted operating margins above 21 percent in the quarter.
 
The company now expects full-year earnings will be in the range of $6.05 to $6.25 per share versus a prior expectation of $5.95 to $6.20 per share. 
 
3M Company, together with subsidiaries, operates as a diversified technology company worldwide. 
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SM Energy Company (NYSE: SM) Board of Directors has approved a semi-annual cash dividend of $0.05 per share of common stock outstanding. The dividend will be paid on May 9, 2011, to stockholders of record as of the close of business on April 29, 2011. 
 
The Company has paid cash dividends to its stockholders every year since 1940. 
 
SM Energy Company is an independent energy company 
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Coach, Inc. (NYSE: COH), a leading marketer of modern classic American accessories, today announced sales of $951 million for its third fiscal quarter ended April 2, 2011, compared with $831 million reported in the same period of the prior year, an increase of 14%. Net income for the quarter totaled $186 million, with earnings per diluted share of $0.62. This compared to net income of $158 million and earnings per diluted share of $0.50 in the prior year’s third quarter, increases of 18% and 23%, respectively.
 
The company also announced that its Board of Directors has voted to increase its cash dividend by 50%, raising it to an annual rate of $0.90 per share starting with the dividend to be paid to stockholders in July 2011.
 
Coach, with headquarters in New York, is a leading American marketer of fine accessories and gifts for women and men.
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The Coca-Cola Company (NYSE: KO) reported net earnings rose to $1.9 billion, or 82 cents per share, in the first quarter, from $1.61 billion, or 69 cents per share, a year ago.
 
The Coca-Cola Company is the world’s largest beverage company.
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The IBM (NYSE: IBM) board of directors today declared a regular quarterly cash dividend of $0.75 per common share, payable June 10, 2011 to stockholders of record May 10, 2011.
 
Today’s dividend declaration represents an increase of $0.10, or 15 percent higher than the prior quarterly dividend of $0.65 per common share.
 
IBM has increased its quarterly dividend 400 percent since 2003. This is the 16th year in a row that IBM has increased its quarterly cash dividend, and 8th year in a row of double-digit percent increases.
 
With the payment of the June 10th dividend, IBM will have paid consecutive quarterly dividends every year since 1916.
 
The board today also authorized $8 billion in additional funds for use in the company’s stock repurchase program. IBM will repurchase shares on the open market or in private transactions from time to time, depending on market conditions.
 
This amount is in addition to approximately $4.7 billion remaining at the end of March from a prior authorization. With this new authorization, IBM will have approximately $12.7 billion for its stock repurchase program. IBM expects to request additional share repurchase authorization at the October 2011 board meeting.
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Disclosure: No positions
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