Despite the U.S. market trading in the red, several companies declared their future dividend plans. Some notable dividend payers are discussed here.
Education Realty Trust Inc. (NYSE: EDR) shares fell 2.51 percent, or 21 cents, to $8.17 despite declaring a quarterly cash dividend of 7 cents per share payable on August 16, 2011, to shareholders of record on June 30, 2011.
US Bancorp (NYSE: USB) announced a quarterly dividend of $0.125 per common share, payable on July 15, 2011, to shareholders of record on June 30, 2011. Shares were down 1.51 percent, or 37 cents, to trade at $24.08.
Duke Energy Corp. (NYSE: DUK) raised its quarterly dividend to 25 cents per share, payable September 16, 2011, to shareholders of record on August 12, 2011. Shares fell 1.23 percent, or 23 cents, to trade at $18.46.
Bank of South Carolina Corp. (Nasdaq: BKSC) declared a quarterly dividend of 10 cents per share, payable July 29, 2011, to shareholders of record on July 8, 2011. Shares were trading at $10.25, with a zero percent change on its last close.
BlackRock Inc. (NYSE: BLK) declared a quarterly cash dividend of $1.375 per common share, payable September 22, 2011, to shareholders of record on September 2, 2011. Shares fell 1.65 percent, or $3.12, to trade at $186.02.
Towne Bank (Nasdaq: TOWN) announced a cash dividend of $12.50 per share on its series B fixed-rate non-cumulative perpetual preferred stock. The dividend is payable on August 15, 2011, to shareholders of record on August 2, 2011. Shares slipped 0.54 percent, or 7 cents, to trade at $12.92.
