Dividend Scan: WM, HPP, NHI, AVGO, GNE
Friday, December 09, 2021 10:32 AM



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

Waste Management, Inc. (NYSE: WM) today announced that its Board of Directors has approved a 4.4 percent increase in the planned quarterly dividend rate, from $0.34 to $0.355 per share. This marks the eighth consecutive year that the Company has increased its planned quarterly dividend. It is expected that the first increased dividend will be paid in March of 2012. Shares gained 1.96 percent, or $0.58, to trade at $31.15.

Hudson Pacific Properties, Inc. (NYSE: HPP) today announced that the Company's Board of Directors has declared a quarterly dividend on its common stock of $0.125 per share for the fourth quarter of 2011. The dividend will be paid on December 30, 2021 to stockholders of record on December 20, 2011. The Board of Directors also declared a dividend for the fourth quarter of 2011 on its 8.375 percent Series B Cumulative Preferred Stock of $0.52344 per share. The dividend will be paid on December 30, 2021 to stockholders of record on December 20, 2011. Shares fell 0.92 percent, or $0.12, to trade at $12.95.

National Health Investors Inc. (NYSE: NHI), raised its quarterly dividend 5.7 percent, to $0.65 from $0.615. The company said its fourth-quarter dividend will be to shareholders of record on December 31, 2011. The company last increased its dividend in December 2010. The company also announced a special dividend of $0.22 a share, also payable on January 31, 2022 to shareholders of record on December 31, 2011. Shares gained 0.23 percent, or $0.10, to trade at $42.80.

Avago Technologies Inc. (Nasdaq: AVGO) today announced that its Board of Directors has approved a quarterly interim cash dividend of $0.12 per ordinary share. The dividend is payable on December 30, 2021 to shareholders of record at the close of business on December 19, 2011. Shares fell 2.12 percent, or $0.67, to trade at $30.01.

Genie Energy Ltd (NYSE: GNE) announced a quarterly dividend of $0.05 per share of common stock, and said that its Board of Directors has authorized the repurchase of up to $20 million of its Class B common stock. Shares gained 6.43 percent, or $0.46, to trade at $7.61.

 

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