Amidst the positive movement of US stock indexes, several companies declared their future dividend plans. Some notable dividend payers are discussed here.
First American Financial Corp. (NYSE: FAF) declared a regular quarterly cash dividend of 6 cents per common share, payable on July 15, 2011 to shareholders of record on June 30, 2011. Shares added 1.31 percent or 21 cents to trade at $15.81.
Shares of Analog Devices Inc. (NYSE: ADI) gained 6.26 percent or $2.52 to trade at $42.75 as it raised its quarterly dividend by 14 percent to 25 cents per share.
Morningstar Inc. (Nasdaq: MORN) shares slipped 0.20 percent or 12 cents to trade at $58.78 despite declaring a quarterly dividend of 5 cents per share. The dividend is payable on July 29, 2011 to shareholders of record on July 15, 2011.
Shares of JP Morgan Chase & Co. (NYSE: JPM) added 0.07 percent or 4 cents to trade at $43.84 as it announced a quarterly dividend of 25 cents per share. The dividend is payable on July 31, 2011 to shareholders of record on July 6, 2011.
Air Products & Chemicals Inc. (NYSE: APD) shares added 1.34 percent or $1.20 to trade at $90.71 as it declared a quarterly dividend of 58 cents per share. The dividend is payable on August 8, 2011 to shareholders of record on July 1, 2011.
M&T Bank Corp. (NYSE: MTB) announced a quarterly cash dividend of 70 cents per share, payable on June 30, 2011 to shareholders of record on June 1, 2011. Shares added 0.32 percent or 28 cents to trade at $88.25.
Quest Diagnostics Inc. (NYSE: DGX) shares lost 0.10 percent or 6 cents to trade at $57.87 although declaring a quarterly cash dividend of 10 cents per share, payable on July 19, 2011 to shareholders of record on July 5, 2011.