Dividend Scan: AMP, GT, GMET, WTI, BMY, STAG, VMI
Wednesday, December 07, 2021 10:33 AM



Amidst the negative movement of the U.S. market, several companies declared their future dividend plans. Some notable dividend payers are discussed here.

Ameriprise Financial Inc. (NYSE: AMP) boosted its quarterly dividend 22 percent, fifth increase since becoming a public company in 2005. The boost, to $0.28 a share from $0.23, will cost the company an extra $11 million a quarter. In the first nine months of the year, the company returned about $1.4 billion to shareholders through dividends and share repurchases. Shares were down 1.15 percent, or $0.54, to trade at $46.46.

The Goodyear Tire & Rubber Co. (NYSE: GT) today declared a quarterly dividend of $0.7344 cents per share of mandatory convertible preferred stock. The dividend is payable January 1, 2012, to shareholders of record on December 15, 2011. The payout represents an annual rate of $2.9375 per share. Shares were down 2.31 percent, or $0.33, to trade at $13.94.

Geomet Inc. (Nasdaq: GMET) announced today that its Board of Directors has declared a quarterly dividend to its preferred stockholders covering the period October 1, 2021 through December 31, 2021 to be paid through the issuance of $0.03125 preferred share per outstanding share of preferred stock. The dividend has been calculated at an annual rate of 12.5 percent. The dividend will be paid on January 3, 2022 to preferred stockholders of record on December 16, 2011. Shares were trading at $1.04 with zero percent change on its last close.

W&T Offshore Inc. (NYSE: WTI) board approved a special dividend of $0.63 a share, marking the second consecutive year the independent oil and natural gas company is making the special payment. The dividend is $0.03 lower than a special dividend declared last year. The last special dividends declared before then were $0.27 in 2008 and $0.42 in 2007. This year's extra payment should cost the company $46.9 million. The company also offers a quarterly dividend of $0.04 a share. Shares fell 1.03 percent, or $0.23, to trade at $22.08.

Bristol-Myers Squibb Co. (NYSE: BMY) raised its quarterly dividend to $0.34 from $0.33.  The 3-percent increase applies to the company's next dividend, which is payable February 1, 2022 to shareholders of record on January 6, 2012. The company also raised its dividend by a penny per share in December 2010. Bristol-Myers said it will also pay a dividend of $0.50 on $2 convertible preferred stock. That dividend will be paid March 1, 2022 to shareholders of record on February 3, 2012. Shares added 0.30 percent, or $0.12, to trade at $33.24.

STAG Industrial Inc. (NYSE: STAG) announced that today its Board of Directors declared a December 16, 2021 record date for the payment of the fourth quarter dividend for its 9 percent Series A Cumulative redeemable preferred. The company also confirmed that the dividend is $0.5625 per share of the preferred stock, which equates to $2.25 per share on an annualized basis. The fourth quarter dividend will be pro-rated to $0.36875 per share for the portion of the fourth quarter that the preferred stock has been in existence. The dividend will be payable on December 30, 2011. Shares added 0.36 percent, or $0.12, to trade at $33.24.

Valmont Industries, Inc. (NYSE: VMI) has declared a quarterly dividend of $0.18 per share payable on January 13, 2022 to shareholders of record on December 30, 2011. The dividend indicates an annual rate of $0.72 per share. Shares fell 2.18 percent, or $1.88, to trade at $84.42.


 

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