June 16, 2010 |
The Obama administration has reached a preliminary agreement with BP executives that would see the oil company pay $20 billion over several years into an independently controlled escrow account to be established to compensate Gulf of Mexico residents affected by the disastrous oil spill, and BP's board of directors has eliminated the company's stock dividend, at least temporarily. The agreement on the escrow account was negotiated in a meeting at the White House on Wednesday morning, the first face-to-face gathering between President Obama and senior BP leadership.
October 20, 1996
Sunstone Hotel Investors, Inc. announced that it is increasing the quarterly dividend from 23 cents a share to 25 cents a share, payable Nov. 15 to shareholders of record Nov. 1. Sunstone, a real estate investment trust, owns 20 hotels in the West.
May 25, 2012 |
Apple Inc. announced that Chief Executive Tim Cook would be passing up on $75 million by not participating in the Cupertino, Calif., company's quarterly dividends. With the company set to start giving out a quarterly dividend of $2.65 a share by the fourth quarter of this year, Cook decided not to collect the dividends for his 1.125 million shares, which would amount to $75 million before they each vested. Cook's decision to decline the payments was announced Thursday by the company through an SEC filing.
November 28, 2012 |
NEW YORK - Hoping to save shareholders money, Costco joined a growing list of companies issuing dividend payments this year, rather than waiting and seeing if tax rates rise as Congress wrangles over the "fiscal cliff. " The warehouse retailer said Wednesday that it would pay shareholders a special dividend of $7 a share before the end of the calendar year, "our latest effort in returning capital to our shareholders," said Chief Financial Officer Richard Galanti. Dividends, which are profits made from investing in stocks and bonds, are currently taxed at a rate of 15% for the top four tax brackets, and 0% for the bottom bracket.
January 3, 2003 |
The number of companies raising cash dividend payments to shareholders jumped last year, reversing a five-year trend of greater corporate stinginess. The turnaround comes as the Bush administration is said to be planning a proposal to cut taxes on dividend income. That could put more pressure on firms to directly share profits with stockholders via higher dividends. A total of 1,425 companies raised dividend payments last year, up 7.
March 4, 2003 |
More companies raised dividend payments in February than a year earlier, but the pace of improvement in the trend slowed from recent months, Standard & Poor's said Monday. A total of 158 companies boosted their cash dividend payments, up from 151 in February 2002, S&P said. That was the seventh year-over-year increase in eight months, but it was less impressive than in January, when 197 companies raised dividends compared with 170 a year earlier.