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Midday Dividend Scan: Syntel - $0.06; Target - $0.16; Umpqua Holdings - $0.05; NGP Capital Resources - $0.20; Tyco International - CHF0.23
Thursday, March 12, 2009 12:00 PM


Syntel’s Board of Directors Declares Regular Dividend

Global provider of integrated information technology and KPO solutions Syntel (NASDAQ: SYNT) has declared a regular quarterly dividend of six cents ($0.06) per share, on Syntel's common stock, payable on April 14, 2009 to holders of record at the close of business on March 31, 2009.

Target Corporation Declares Regular Quarterly Dividend

The board of directors of Target Corporation (NYSE:TGT) has declared a quarterly dividend of 16 cents per common share. The dividend is payable June 10 to shareholders of record May 20, 2009.

Umpqua Holdings Announces Quarterly Dividend

Umpqua Holdings Corporation (NASDAQ:UMPQ), parent company of Umpqua Bank and Strand, Atkinson, Williams & York Inc., has said that its Board of Directors approved a quarterly cash dividend of $0.05 per common share. The dividend is payable on April 15, 2009, to shareholders of record as of March 31, 2009.

NGP Capital Resources Announces Quarterly Dividend

NGP Capital Resources Company’s (NASDAQ: NGPC) Board has declared a quarterly dividend to stockholders in the amount of $0.20 per common share. The expected dividend payment date is April 10, 2009 to shareholders of record on March 31, 2009. It is expected that the dividend will be paid out of ordinary income for tax purposes. The tax characteristics of all dividends will be reported to each shareholder on Form 1099 after the end of the year.

Tyco International Declares Dividend

The Board of Tyco International (NYSE: TYC) has declared a quarterly dividend of CHF0.23 per share, payable on May 27, 2009, to shareholders of record at the close of business on April 30, 2009, subject to a required filing with the Swiss Commercial Register.

The dividend of CHF 0.23 per share is the first installment of an annual dividend of CHF 0.93 per share approved by shareholders in conjunction with approval of the company's change in domicile from Bermuda to Switzerland.



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