Dividend Stocks

Extra Space Storage Inc. (NYSE: EXR) last Friday announced that its board approved a quarterly cash dividend of $0.14 per share. The dividend will be payable on September 30, 2011. Extra Space currently has a dividend yield of 2.72%.

Last month Extra Space released its second-quarter financial results. The company reported funds from operations of $0.27 per diluted share, representing an increase of 22% over the same period in the previous year. The company’s same-store occupancy grew 290 basis points to 89% in the second quarter. Its same-store revenue increased 4.7%, while its net operating income increased 7.8%. read more »

Altria Group Inc. (NYSE: MO) today announced that its board of directors voted to raise its quarterly dividend by 7.9% to $0.41 per share. The quarterly dividend will be payable on October 11, 2011. Altria has a dividend yield of 5.81%.

Altria last month released its second-quarter financial results. The company reported second-quarter diluted earnings per share of $0.21, down 58% over the same period in the previous year. The decline was mainly due to the previously announced one-time charge related to leveraged lease transactions. read more »

Fauquier Bankshares Inc. (NASDAQ: FBSS) recently announced its board of directors authorized a quarterly cash dividend of $0.12 per share. The dividend will be payable on October 3, 2011, to shareholders of record as of close of business on September 16, 2011. Fauquier Bankshares currently has a high dividend yield of 4%. read more »

The Home Depot Inc. (NYSE: HD) yesterday announced that its board of directors authorized a second-quarter cash dividend of $0.25 per share. The dividend will be payable on September 15, 2011. Home Depot has a high dividend yield of 3.10%.

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Lorillard Inc. (NYSE: LO) last Friday announced that its board of directors approved a quarterly cash dividend of $1.30 per share. The dividend will be payable on September 12, 2011. Lorillard has a high dividend yield of 5.07%

Lorillard’s board also authorized a new share repurchase program in which the company will buyback up to $750 million of its outstanding common stock. David H. Taylor, executive vice president, Finance and Planning and CFO of Lorillard, said that last week’s successful $750 million debt financing represented another significant step toward the company’s objective of more effectively utilizing its balance sheet, a process that began more than two years ago.

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Granite Construction Inc. (NYSE: GVA) on Thursday announced that its board of directors approved a quarterly cash dividend of $0.13 per share. The dividend will be payable on October 14, 2011. Granite Construction has a dividend yield of 2.70%.

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Technical Communications Corp. (NASDAQ: TCCO), designer and manufacturer of superior grade secure communications systems, today announced quarterly cash dividend of $0.10 per share. The dividend will be payable on September 15, 2011. Technical Communications has a high dividend yield of 5.49%.

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Ntelos Holding Corporation (NASDAQ: NTLS) on Thursday announced that its board of directors approved a quarterly cash dividend of $0.28 per share. The dividend will be payable on October 12, 2011. Ntelos currently has a dividend yield of 6.71%.

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Entergy Corp. (NYSE: ETR) announced last Friday that its board approved a quarterly cash dividend of $0.83 per share, payable September 1, 2011. Entergy has a high dividend yield of 5%.

Entergy will release its second-quarter financial results on Tuesday, August 2, with analysts expecting  the company to report net income of $1.76 per share for the second quarter of 2011. The company’s second-quarter revenue is expected to come in at $2.93 billion. For the full year the company is expected to report revenue of $11.53 billion. read more »