3 Recent Dividend Updates with Outrageously Solid Yields
Brady Corp. (NYSE: BRC) last Friday raised its annual dividend 2.8% to $0.74 per share. This is the 26th year that the company raised its dividend. Brady currently has a dividend yield of 2.69%.
Brady also released its fiscal 2011 fourth-quarter financial results and a share buyback program. For the fourth quarter ended July 31, 2011, the company reported net income of $29.6 million, compared with $21.6 million reported for the same period in the previous year. The company’s sales for the fourth quarter were $343.1 million, representing an increase of 6.3% over the same period in the previous year.
For the year ended July 31, 2011, the company reported net income of $108.7 million, compared with $82 million reported in the previous year. The company’s sales for the fiscal year 2011 were $1.34 billion.
Brady also announced that its board of directors approved a share buyback program for up to 2 million shares of the company’s common stock.
Potlatch Corp. (NASDAQ: PCH) last Friday announced that its board of directors declared a quarterly dividend of $0.51 per share. The dividend will be payable on September 30, 2011. Potlatch currently has a high dividend yield of 6.66%.
Potlatch shares have a 52-week range of $28.01-$40.93. Year-to-date the stock fell 6.51%.
Potlatch is a real estate investment trust (REIT) operating real estate sales and development business, and five wood products manufacturing facilities that produce lumber and plywood.
Cogdell Spencer Inc. (NYSE: CSA) last Friday announced that its board of directors approved a quarterly cash dividend of $0.10 per share. The dividend will be payable on October 19, 2011. Cogdell Spencer currently is one of the highest dividend yield stocks of 9.71%.
Cogdell released its second-quarter financial results last month. The company reported funds from operations modified $0.04 per share.
Cogdell Spencer is a real estate investment trust (REIT) investing in specialty office buildings for the medical profession.
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