3 of 2011′s Top Dividend Yielding Stocks: Home Depot, Motorsports, Sonoco

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%.

Earlier this week Home Depot announced its second-quarter financial results, posting second-quarter net earnings of $1.4 billion, or $0.86 per diluted share, compared with net earnings of $1.2 billion, or $0.72 per diluted share reported for the same period in the previous year. The company’s second-quarter sales came in at $20.2 billion, representing an increase of 4.2% over the same period in the previous year.

Speedway Motorsports Inc. (NYSE: TRK) last month announced that its board of directors approved a quarterly cash dividend of $0.10 per share. The dividend will be payable on September 9, 2011. Speedway’s stock dividend yield is 3.24%.

Earlier this month Speedway Motorsports released its second-quarter financial results. The company reported second-quarter revenue of $153.1 million. Its adjusted non-GAAP income from continuing operations for the second quarter was $20.5 million, or $0.49 per share. The company also reaffirmed its full 2011 earnings guidance of $0.90 to $1.20 per diluted share.

Sonoco Products Company (NYSE: SON) last month announced that its board of directors approved a quarterly cash dividend of $0.29 per share. The dividend will be payable on September 9, 2011. Sonoco Products has a dividend yield of 4.12%.

Sonoco Products last month also released its second-quarter financial results. The company reported second-quarter GAAP earnings per diluted share of $0.52, compared with $0.58 reported for the same period in the previous year. The company’s second-quarter net sales were $1.13 billion, a record and up 12% over the same period in the previous year.

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