January 27, 1993 |
IBM's decision Tuesday to slash its dividend by 55% is the latest in a string of calamities to hit dividend-conscious investors during the last three years. Hundreds of big companies have slashed dividends during the recession-racked 1990s, while others halted regular hikes in their quarterly payouts to shareholders. Each of the last three years has seen the fewest dividend increases since the early 1970s.
February 22, 1991 |
As editor of the La Jolla-based investment newsletter Investment Quality Trends, Geraldine Weiss has become the market's Grand Dame of Dividends. Her attitude toward a stock is determined largely by the dividend--how much cash a company chooses to pay out to shareholders, the size of that payout relative to the stock price, and how it grows. To Weiss, the dividend is a basic measure of a stock's value. And right now, Weiss doesn't like what she sees--peace or no peace in the Persian Gulf.
May 6, 1997
Highest current dividend yield as percentage of stock price among all California companies. Most of these companies are real estate investment trusts that are structured to provide returns mainly in the form of dividends. Some dividends income may be return of capital. *--* Dividend Indicated 5-yr. avg. 4/18/97 as a % of annual dividend stock Rank Company stock price dividend yield price 1 Meridian PT Realty Trust 83 44.0% $1.30 15.6% $3.00 2 Airlease Ltd. 17 1.8 12.5 10.59 3 Host Funding Inc.
July 24, 2003 |
Shareholders were treated to another flurry of positive dividend news Wednesday. Since Congress voted in May to cut the tax on dividend income to a maximum of 15%, a raft of companies have decided to begin paying a dividend for the first time or to boost existing quarterly payouts. Among those doing so Wednesday: Brewer Anheuser-Busch Cos. raised its quarterly dividend to 22 cents from 19.5 cents. Still, its shares fell 44 cents to $51.10. Natural gas producer Burlington Resources Inc.
July 23, 2002 |
Williams Cos., the No. 2 U.S. pipeline owner, slashed its dividend by 95% after an energy-trading slump led to a second-quarter loss. The stock plunged 61% to a 20-year low. The quarterly dividend was reduced by 19 cents to a penny after Williams had a per-share loss of as much as 73 cents, the company said. It will report full second-quarter results Monday. The dividend cut will save $95 million this quarter, the company said. Shares of Tulsa, Okla.-based Williams fell $3.15 to $2.
February 6, 1997
Wynn's International Inc.'s directors have boosted the company's quarterly dividend to 8 cents a share from 6.67 cents, payable March 31 to shareholders of record March 14. The increase is the fourth in four years for the company, which supplies O-rings, sealing products, chemical products and builders hardware parts.
October 17, 1995
Directors of Sunstone Hotel Investors, a San Clemente real estate investment trust, declared the company's first dividend Friday. The dividend of 11.5 cents a share will be paid Nov. 1 to shareholders of record Oct. 20. The company, which had its initial public offering in August, also said net income in the third quarter rose 7% to $1.5 million. That was an increase of 24 cents a share, from $1.4 million, or 22 cents a share, in the same period a year ago. Revenue rose to $2.7 million from $2.
July 14, 2004 |
Wireless communications company Qualcomm Inc. declared a 2-for-1 stock split Tuesday and increased its quarterly dividend by 40%. The San Diego-based maker of cellphone chips said its quarterly cash dividend would increase to 14 cents a share from 10 cents on a pre-split basis and to 7 cents from 5 cents on a post-split basis. The increased dividend rate will be payable Sept. 24 to shareholders of record on Aug. 27. The stock split will take effect Aug. 13 for holders of record on July 23.
December 11, 2002 |
Citing its strong balance sheet and steady forecasts, Los Angeles-based Occidental Petroleum Corp. said Tuesday that it will raise its quarterly dividend to shareholders by a penny, to 26 cents, or $1.04 per year. The move marks the first dividend increase at the oil and natural gas producer in more than two decades. Occidental's last dividend increase came in 1981, when the quarterly payout jumped to 62.5 cents a share, up from 55 cents. In 1991, that amount -- equal to $2.