Several companies declared their future dividend plans despite the U.S .stock indexes remaining in a negative zone during the mid-day session. Some notable dividend payers are discussed here.
Verizon Communications Inc. (NYSE: VZ) announced a quarterly dividend of 48.75 cents per outstanding share, payable on August 1, 2011 to shareholders of record on July 8, 2011. Shares were down 0.83 percent, or 30 cents, to trade at $35.87.
Shares of Goodyear Tire & Rubber Co. (NYSE: GT) lost 0.66 percent, or 11 cents, to trade at $16.62 despite declaring a quarterly dividend of 74.25 cents per share. The dividend is payable on July 1, 2011 to shareholders of record on June 15, 2011.
Universal Health Realty Income Trust (NYSE: UHT) shares added 0.07 percent, or 3 cents, to trade at $41.93 as it declared a dividend of $0.605 on June 30, 2011 to shareholders of record on June 16, 2011.
American Woodmark Corp. (Nasdaq: AMWD) announced a quarterly cash dividend of 9 cents per share, payable on June 27, 2011 to shareholders of record on June 13, 2011. Shares added 4.81 percent, or 92 cents, to trade at $20.03.
Frisch's Restaurants Inc. (AMEX: FRS) declared a quarterly dividend of 15 cents per share, payable July 8, 2011 to shareholders of record on June 20, 2011. Shares added 1.89 percent, or 40 cents, to trade at $21.60.
American Assets Trust Inc. (NYSE: AAT) announced a quarterly dividend of 21 cents per share, payable June 30, 2011 to shareholders of record on June 15, 2011. Shares added 0.05 percent, or 1 cent, to trade at $21.81.