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(July 2nd, 2010)
CHARLOTTE, North Carolina - Bank of America's (Public, NYSE:BAC) Board of Directors today announced they have authorized quarterly cash dividends on preferred stock to be paid on the following terms:
(June 30, 2010)
Calgary, Alberta - Shaw Communications Inc., one of Canada's largest Cable television, Internet & Digital Phone providers announced today that its Board of Directors have approved monthly dividends of $0.073333 on Shaw's Class B Non-Voting Participating Shares and $0.073125 on Shaw's Class A Participating Shares, payable on each of September 29, 2010, October 28, 2010 and November 29, 2010 to all holders of record at the close of business September 15, 2010, October 15, 2010 and November 15, 2010, respectively.
BETHESDA, Maryland - Lockheed Martin's (Public, NYSE:LMT) Board of Directors announced last thursday the company has authorized a quarterly dividend payment of $0.63 per share payable Sept. 24, 2010 to shareholders of record as of Sept. 1, 2010. Lockheed Martin stock has a dividend yield of 3.23% as of the close of markets on Friday, June 24, 2010. The company's dividend payout ratio is 33.3% which is a balanced cash flow management strategy employed by the company. The company has 371 million shares outstanding on the stock market with a total market capitalization of $28.96 billion.
Richfield, Minnesota - BestBuy (BBY) announced today it is upping its dividend from 14 cents a share to 15 cents, thereby increasing its dividend by 7%. The consumer electronics giant said this increased dividend will be paid to shareholders on Oct. 26 for stockholders on record Oct 5th, 2010. This is a move to return excess cash to shareholders said the company. The additional 1 cent a share will cost Bestbuy $17 million extra per year in dividend payments. During the company's annual shareholder meeting held on June 24/2010, CEO Brian Dunn said Bestbuy is seeing its electronics business expand due to "ubiquitous connectivity" — a convergence of personal electronics and online technology." He adds "The connected world is not simply a strategy to sell more stuff, it's about helping people get the services they need [and] connect with the people they love."
Board of Directors of Southern California Edison today declared the following set of quarterly dividends:
- Quarterly dividends of $1.5125 per share on the Series A preference stock1, payable on July 31, 2010, to shareholders of record on July 6, 2010.
- Quarterly dividends of $0.255 per share on the 4.08% series of cumulative preferred stock, $0.265 per share on the 4.24% series of cumulative preferred stock and $0.29875 per share on the 4.78% series of cumulative preferred stock. Each of these dividends is payable on August 31, 2010, to shareholders of record on August 5, 2010.