Amidst the volatile movement of the U.S. market, several companies declared their future dividend plans. Some notable dividend payers are discussed here.
Rimage Corp. (Nasdaq: RIMG) declared a quarterly dividend of $0.17 per share, or $0.68 annualized. This is a 70 percent increase from the prior dividend of $0.10. The dividend will be payable on December 15, 2011, to stockholders of record on November 30, 2011, with an ex-dividend date of November 28, 2011. Shares added 0.90 percent, or $0.10, to trade at $11.15.
Gold Resource Corp. (AMEX: GORO) announced to institute a monthly dividend of $0.05 per common share for November payable on December 23, 2011 to shareholders of record as of December 12, 2011. Shares fell 0.68 percent, or $0.13, to trade at $19.08.
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Towne Bank (Nasdaq: TOWN) declared a fourth-quarter shareholder cash dividend of $0.08 per common share payable on January 12, 2012 to shareholders of record on December 30, 2011. It also announced a cash dividend of $12.73 per share on its Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock. This preferred dividend is payable on January 3, 2012, to the shareholder of record as of December 15, 2011. Shares fell 1.64 percent, or $0.19, to trade at $11.39.
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Synovus Financial Corp. (NYSE: SNV) today announced that its Board of Directors has declared a dividend of $0.01 per share on the company's common stock. The dividend will be payable on January 3, 2012 to shareholders of record as of December 16, 2011. Shares fell 0.71 percent, or $0.01, to trade at $1.39.White River Capital, Inc. (AMEX: RVR) announced that its Board of Directors has declared a one-time special cash dividend of $4 per share on its common stock to be paid December 22, 2011 to shareholders of record on December 8, 2011. Shares jumped 9.41 percent, or $2.12, to trade at $24.60.