The Board of Directors of NIKE, Inc. (NYSE:NKE) has declared a quarterly cash dividend of $0.31 per share on the company’s outstanding Class A and Class B Common Stock.
The $0.31 quarterly dividend, which is payable on December 30, 2010 to shareholders of record at the close of business on December 6, 2010, represents a 15 percent increase over the previous quarterly rate of $0.27 per share.
SavWatt USA, Inc. (OTC:SAVW)
SavWatt USA, Inc. pioneers in LED lighting and the Green revolution, announced recently that in cooperation with the City of Baltimore, SAVW will receive grant funds from the Maryland Energy Sector Grant.
This million dollar grant will offer companies the ability to take LEED certification classes. LEED is an internationally recognized green building certified program.
LEED certification important as many new construction and government projects are required to meet LEED standards. It is imperative for building owners, designers, construction firms and real estate developers to further develop their professional skills by obtaining LEED certification. SAVW has teamed up with the leaders in LEED training, Clean Edison, to offer this LEED AP certification at SAVW’s Baltimore, MD headquarters.
SAVW is leading the LED lighting revolution and setting the stage to obsolete the incandescent light bulb through the use of energy-efficient, environmentally friendly LED lighting.
SAVW is a market-leading innovator of LED lighting. SAVW ’s product families include LED fixtures, bulbs, Street Lights and Parking Lights. To hear Recorder updates on SAVW Text SAVW to 46800.
To learn more about SAVW visit: http://www.savwatt.com
The Board of Directors of Ruddick Corporation (NYSE:RDK), at a regularly scheduled meeting, declared a quarterly dividend in the amount of $0.13 per share to be paid on January 1, 2011, to shareholders of record on December 10, 2010.
This represents a $0.01 increase from the $0.12 per share that the Company paid in previous quarters.
Hiru Corporation (PINK SHEETS:HIRU) (www.hirucorporation.com) is considering a merger with a Canada-based health products company. This company operates a full-service natural health clinic and distributes its signature brand of health products.
The company’s various products promote brain health, pain management and hormone balance, and help combat high blood pressure and high cholesterol. These products come highly regarded by the Chinese market, and have already received positive online testimonials from consumers who say using the products improved their health.
Services at the natural health clinic include specialty massage, EIS scanning, acupuncture, and computer-guided biofeedback scanning.
HIRU is excited at the prospect of merging with this growing medical company, which has distributors and franchise outlets opening across the country. The name, revenues and all other details will be released by the company shortly, as the discussions progress. The company is of the opinion that this is a material event that warrants a public announcement.
In other corporate news, HIRU intends to rescind the 5-1 forward split previously under consideration, as upon further review the management is of the opinion that this course of action would not be in the best interest of the shareholders.
The company will keep the investor public appraised of future developments.
SLM Corporation (NYSE:SLM), commonly known as Sallie Mae, reported a 2011 first-quarter dividend on its Preferred Stock Series A of $0.87125 per share.
The dividend on the Preferred Stock Series A will be paid on Jan. 31, 2011, to shareholders of record at the close of business on Jan. 21, 2011.
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