Clarcor boosts dividend
Posted on October 2, 2009 at 8:34 amThe board of the Franklin-based filtration and packaging company has voted to increase its quarterly payout by about 8 percent. Based on Thursday’s close (Ticker: CLC), the stock’s yield will rise to about 1.3 percent.
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GreenBank parent spikes dividend, gets upgraded
Posted on June 2, 2009 at 11:33 pmThough not in that order: Howe Barnes analyst Jeff Davis upgraded the shares of Green Bankshares (Ticker: GRNB) to ‘neutral’ Tuesday morning after the stock’s recent pullback. But he noted that he expects the shares “to be under pressure for the balance of the year given the level of NPAs and losses that we are projecting.” Because of that, he added, the company would likely slash or spike its dividend to save capital.
A few hours later, the company said its dividend is toast for now.
“It is extremely important to maintain our strong capital levels and, after careful deliberation, the Board of Directors and management have concluded that the decision to suspend the cash dividend on our common stock is the prudent course of action.”
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Bank of Nashville parent cuts dividend
Posted on March 11, 2009 at 9:44 pmSynovus Financial joins the list of banks hoarding their cash. The cut will save the Georgia-based company (Ticker: SNV) $66 million per year.
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Macy’s cutting 7,000 jobs
Posted on February 2, 2009 at 1:43 pmThe country’s largest department store operator will lay off about 4 percent of its work force, streamline its purchasing and planning organization and slash its dividend. Macy’s (Ticker: M) employs about 800 people in the Nashville area.
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Analyst: Prepare for the decimation of Regions dividend
Posted on January 26, 2009 at 7:59 amDick Bove of Ladenburg Thalmann says the parent of Middle Tennessee’s largest bank won’t make any money this year, but keeps his ‘buy’ rating on its stock (Ticker: RF), which is down 50 percent since the summer.
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CVS Caremark cranks it up
Posted on January 13, 2009 at 10:04 pmFlaunting its cash flow – almost $3 billion from operations in 2008 – the pharmacy/PBM combo increases its dividend by more than 10 percent, bumping the stock’s yield (Ticker: CVS) above 1 percent.
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Another dividend bites the dust
Posted on January 6, 2009 at 4:07 pmJ. Alexander’s joins local companies Brookdale, O’Charley’s and Louisiana-Pacific in cutting its spending. The company (Ticker: JAX) will save about $700,000 as a result.
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In addition…
Posted on December 8, 2008 at 7:32 amThe O’Charley’s credit line amendment announced Friday also prohibits the company from reinstating its cash dividend or buying back stock or debt.
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