Advertisement
YOU ARE HERE: LAT HomeCollectionsDividend
IN THE NEWS

Dividend

FEATURED ARTICLES
BUSINESS
June 16, 2010 | Los Angeles Times
BP Chairman Carl-Henric Svanberg said today that the oil company's board of directors has decided not to pay any more dividends this year. BP has been under intense pressure from the Obama administration to cut or eliminate the $10.5 billion it distributes to shareholders. Svanberg, speaking to reporters outside the White House following a meeting with President Obama, didn't say how long the dividend would be suspended.
ARTICLES BY DATE
BUSINESS
April 28, 2014
The company: PCM Inc. Headquarters: El Segundo Ticker: PCMI Employees: 2,837 Leadership: Frank F. Khulusi, co-founder and chief executive since 1987 2013 revenue: $1.4 billion 2013 net income: $8.1 million Stock price: $9.91 at Friday's close 52-week range: $7.21 to $11.96 P/E ratio: 14 Quarterly dividend: None
Advertisement
BUSINESS
April 19, 2011
Goldman Sachs took a hit to its first quarter earnings after paying dividends to billionaire investor Warren Buffett's company, which invested $5 billion in the bank at the height of the financial crisis in 2008. The investment bank's first-quarter income fell 72 percent to $908 million after it paid $1.64 billion in dividends to Berkshire Hathaway Inc. Goldman Sachs Group Inc. said its revenue fell 7 percent to $11.9 billion on weakness in some of its core businesses including stock and bond trading and advising clients.
CALIFORNIA | LOCAL
April 18, 2014 | Sandy Banks
Adria Ponsar and her son Rhyon are huddled over a child-sized table scattered with pieces of Mr. Potato Head. She is wearing an earpiece that the 4-year-old doesn't see. Rhyon is frantically sifting through the pile for the body part he needs. On the other side of a mirrored wall, social worker Aja Bryant murmurs into a mic, coaching Ponsar through the play session with scripted precision. The mother compliments her son on handling the toy gently. Good label praise, Bryant whispers into the microphone . Good reflecting.
AUTOS
January 10, 2013 | By Jerry Hirsch
Ford Motor Co. declared a first-quarter dividend of $0.10 per share, double the quarterly dividend it paid last year. The automaker had only reinstated paying dividends last year as preserved cash to survive the recession and U.S. auto industry restructuring of recent years. “Our ability to double our dividend in one year is a testament to our One Ford plan, which has enabled us to maintain a solid balance sheet, while at the same time growing our business to provide our shareholders with more return on their investments,” said Bob Shanks, Ford's chief financial officer.
BUSINESS
March 23, 2011 | By Rick Rothacker
Bank of America Corp. revealed Wednesday that the Federal Reserve rejected its plan for a modest dividend increase in the second half of the year, even as other large banks are raising dividends in the first half of the year. The bank, based in Charlotte, said in a securities filing that it would continue to work with the Fed and planned to submit a revised capital plan that would again call for a modest increase in the quarterly dividend, now at 1 cent a share. A spokesman said BofA would resubmit its proposal in "the coming months.
BUSINESS
June 16, 2010 | By Walter Hamilton and Tom Petruno, Los Angeles Times
The threat of a reduction in the dividend paid by energy giant BP is bringing up bad memories for investors who have suffered similar cuts by other once-reliable companies in the last decade. Under pressure from the Obama administration to show it can foot the bill for the oil spill cleanup in the Gulf of Mexico, BP is contemplating slashing or even suspending the $10.5 billion a year it currently distributes to its shareholders. A decision could come Wednesday after company executives meet with the president.
BUSINESS
March 19, 2012 | By David Sarno
Apple Inc. said today it will begin spending part of its nearly $100-billion cash stockpile on a quarterly dividend, as well as a three-year stock buyback program. The company said it will pay shareholders $2.65 per share each quarter beginning in Apple's fiscal fourth quarter, which starts July 1. The company said it hopes the dividend will make Apple stock a more attractive investment to wider base of investors, including those looking to make regular income from owning the stock.
BUSINESS
July 24, 2012 | By Salvador Rodriguez
Apple Inc.announced it would pay a dividend of $2.65 per share on Aug. 16. The company made the announcement during its fiscal third-quarter earnings call Tuesday afternoon, saying the dividends will go to Apple stockholders of record on the close of business Aug. 13. “We're continuing to invest in the growth of our business and are pleased to be declaring a dividend of $2.65 per share,” Peter Oppenheimer, Apple's chief financial officer, ...
BUSINESS
March 26, 2014 | By Jim Puzzanghera
WASHINGTON -- The Federal Reserve said Wednesday it rejected plans by Citigroup Inc. and four other large U.S. banks for dividend payments and stock buybacks after annual stress tests. Those tests raised questions about weaknesses in the risk-planning processes of Citi and three other banks. And the Fed rejected the capital distribution plan of one firm, Zions Bancorporation of Salt Lake City, because of concerns about its financial health during a extreme financial downturn. Overall, 25 of the 30 biggest banks received regulatory approval to pay back money to shareholders after the tests indicated the firms could withstand a severe economic shock even after shedding that capital.
BUSINESS
April 11, 2014 | By Walter Hamilton and Jim Puzzanghera
Tribune Co.'s newspaper unit will pay a dividend of up to $275 million to its parent when it is spun off later this year, according to a government filing. The new Tribune Publishing Co. will own the Los Angeles Times and seven other newspapers. Shares of the company will trade on the New York Stock Exchange under the ticker symbol TPUB. Details about the dividend were made public in a lengthy filing with the Securities and Exchange Commission submitted late Friday. The dividend has sparked opposition from critics who say it would weigh on the company at a time of diminishing advertising revenue and intensifying digital competition.
BUSINESS
March 26, 2014 | By Jim Puzzanghera
WASHINGTON -- The Federal Reserve said Wednesday it rejected plans by Citigroup Inc. and four other large U.S. banks for dividend payments and stock buybacks after annual stress tests. Those tests raised questions about weaknesses in the risk-planning processes of Citi and three other banks. And the Fed rejected the capital distribution plan of one firm, Zions Bancorporation of Salt Lake City, because of concerns about its financial health during a extreme financial downturn. Overall, 25 of the 30 biggest banks received regulatory approval to pay back money to shareholders after the tests indicated the firms could withstand a severe economic shock even after shedding that capital.
BUSINESS
March 26, 2014 | By Jim Puzzanghera and E. Scott Reckard
WASHINGTON - Federal regulators rejected plans by Citigroup Inc. and four other large U.S. banks for dividend payments and stock buybacks after the latest round of stress tests. The results raised concerns about weaknesses in the risk-planning processes of Citi and three of the banks, the Federal Reserve said Wednesday. It was the second time in three years that Citi failed a federal stress test. Citi's chief executive, Michael Corbat, said he was "deeply disappointed" by the Fed's findings, asserting that the nation's third-largest bank by assets was "one of the best-capitalized financial institutions in the world.
BUSINESS
March 10, 2014
The company: AMN Healthcare Services Inc. Headquarters: San Diego Ticker: AHS Employees: 1,900 Leadership: Susan R. Salka, 49, chief executive since 2005 2013 revenue: $1 billion 2013 net income: $32.9 million Stock price: $14.47 at Friday's close 52-week range : $11.30 to $16.20 P/E ratio: 20, based on estimated 2014 earnings Quarterly dividend: none
BUSINESS
March 2, 2014
The company: William Lyon Homes Headquarters: Newport Beach Ticker: WLH Employees: 225 Leadership: Bill H. Lyon, 39, chief executive since March 2013 2013 revenue: $573 million 2013 net income: $128 million Stock price: $30.93 at Friday's close 52-week range: $10.31 to $34.98 P/E ratio: 16, based on estimated 2014 earnings Dividend: none
BUSINESS
February 18, 2014 | By Robert Channick
In spinning off its publishing business, Tribune Co. will pick up a dividend that could be about $325 million from the new public company, which would consist of the Los Angeles Times, the Chicago Tribune and six other daily newspapers. Although the exact amount won't be determined until the separation agreement is final, expected in midyear, Tribune has indicated that the dividend it would receive from Tribune Publishing Co. would be worth about $325 million. That figure is contained in a document related to Tribune's purchase in December of a group of television stations.
BUSINESS
March 19, 2011 | By Jim Puzzanghera, Los Angeles Times
The Federal Reserve is letting some of the nation's 19 largest banks increase or restart dividend payments, freeing them from restrictions in place since early 2009. The Fed's decision came after it completed a second round of extensive "stress tests" on the banks to determine whether they could release some of their capital reserves and still withstand future economic shocks. Some of the banks, such as Wells Fargo & Co. in San Francisco and JPMorgan Chase & Co. in New York, quickly announced increases in dividends following the Fed's statement Friday.
BUSINESS
June 11, 2008 | From Bloomberg News
Goldman Sachs Group Inc., Citigroup Inc. and Bank of America Corp. may announce "dramatic" dividend cuts, according to a Deutsche Bank analysis of options trading and prices. "The option market is pricing in a dividend cut for virtually every major U.S. financial services company," derivatives strategists Scott Weiner and Chris Hauck wrote. Goldman, the world's biggest securities firm, may reduce its dividend by 26 cents to 9 cents. Bank of America, the second-largest U.S. bank by assets, may cut its dividend by 26 cents to 38 cents.
NEWS
January 2, 2014 | By Jim Puzzanghera
WASHINGTON - Federal officials swooped in to rescue mortgage finance giants Fannie Mae and Freddie Mac in 2008 with the largest of all the financial crisis bailouts - a combined $187.5 billion - because they were considered too big to fail. Now, despite bipartisan support to shut them down, Fannie and Freddie may prove to be too profitable to close. Fannie and Freddie play a vital role in the mortgage market by purchasing or guaranteeing more than 6 in 10 new loans. And the housing market's recovery has reversed the finances of the once-private companies, now wards of the U.S. government.
Los Angeles Times Articles
|