Archive for 'Dividend'

Cogdell Spencer Inc. (NYSE: CSA)-Stockholders to Receive Dividend

Cogdell Spencer Inc. (NYSE: CSA)-Stockholders to Receive Dividend-Image via Wikipedia

Cogdell Spencer Inc. (NYSE: CSA) announced today its Board of Directors declared a quarterly dividend of $0.10 per common share payable on January 19, 2011 to stockholders of record on December 27, 2010.  The dividend covers the fourth quarter of 2010.

About Cogdell Spencer Inc.

Charlotte-based Cogdell Spencer Inc. (NYSE: CSA) is a fully-integrated, self-administered, and self-managed real estate investment trust (“REIT”) that invests in specialty office buildings for the medical profession, including medical offices and ambulatory surgery and diagnostic centers.  The Company focuses on the ownership, development, redevelopment, acquisition and management of strategically located medical office buildings and other healthcare related facilities in the United States of America.  The Company has been built around understanding and addressing the full range of specialized real estate needs of the healthcare industry.  Learn more about Cogdell Spencer Inc. and its subsidiaries at www.cogdell.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements reflect the Company’s views about future events and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause actual results to differ materially. Factors that may contribute to these differences include, but are not limited to the following: our business strategy; our ability to comply with financial covenants in our debt instruments; our access to capital; our ability to obtain future financing arrangements, including refinancing existing arrangements; estimates relating to our future distributions; our understanding of our competition; our ability to renew our ground leases; legislative and regulatory changes (including changes to laws governing the taxation of REITs and individuals); increases in costs of borrowing as a result of changes in interest rates and other factors; our ability to maintain our qualification as a REIT due to economic, market, legal, tax or other considerations; changes in the reimbursement available to our tenants by government or private payors; our tenants’ ability to make rent payments; defaults by tenants and customers; customers’ access to financing; delays in project starts and cancellations by customers; our ability to convert design-build project opportunities into new engagements for us; market trends; and projected capital expenditures.

For a further list and description of such risks and uncertainties, see the reports filed by the Company with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2009 and the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2010.  Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be realized. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Pentair, Inc.'s (NYSE: PNR) Raises Dividend and Authorizes Stock Buyback

Pentair, Inc.'s (NYSE: PNR) Raises Dividend and Authorizes Stock Buyback

Pentair, Inc.’s (NYSE: PNR) board of directors approved an increase in the company’s quarterly cash dividend of one cent per share, effective with the quarterly dividend payable in the first quarter of 2011.  The new annual cash dividend is $0.80 cents per share as compared to the previous $0.76 per share, representing a 5 percent increase.

In addition, the company’s board of directors authorized a common stock repurchase program up to $25 million that expires in December 2011.

ABOUT PENTAIR, INC.

Pentair (www.pentair.com) is a global diversified industrial company headquartered in Minneapolis, Minnesota. Its Water Group is a global leader in providing innovative products and systems used worldwide in the movement, treatment, storage and enjoyment of water. Pentair’s Technical Products Group is a leader in the global enclosures and thermal management markets, designing and manufacturing thermal management products and standard, modified, and custom enclosures that protect sensitive electronics and the people that use them. With 2009 revenues of $2.7 billion, Pentair employs approximately 13,500 people worldwide.

PENTAIR CONTACTS:
Sara Zawoyski
Vice President, Investor Relations
Tel.: (763) 656-5575
E-mail: sara.zawoyski@pentair.com
Holiday Dividends: Gaming Partners International Corporation (Nasdaq: GPIC) Authorizes Special Cash Dividend of $0.1825 per Share

Holiday Dividends: Gaming Partners International Corporation (Nasdaq: GPIC) Authorizes Special Cash Dividend of $0.1825 per Share

Gaming Partners International Corporation (Nasdaq: GPIC), the leading worldwide provider of casino currency and table gaming equipment, announced today that its Board of Directors has authorized a special cash dividend of $0.1825 per share to be paid on December 21, 2010 to shareholders of record as of December 13, 2010.

Commenting on the dividend, Greg Gronau, President and CEO, said, “As we did in 2009, the Company decided that it was in the shareholders’ best interests to pay a special cash dividend for 2010.  The dividend amount is $0.1825 per share and is larger than last year’s dividend. This reflects the Company’s increased profitability during 2010 and the strong balance sheet which included more than $22 million in cash and marketable securities at September 30, 2010.  This $1.5 million dividend payment reflects our past success and does not impair our ability to pursue strategic initiatives.”

About Gaming Partners International Corporation

GPIC manufactures and supplies (under the brand names of Paulson®, Bourgogne et Grasset® and Bud Jones®) casino chips, including plaques and jetons and low frequency and high frequency RFID chips, low and high frequency RFID readers, table layouts, playing cards, dice, gaming furniture, roulette wheels, table accessories, and other products that are used with casino table games such as blackjack, poker, baccarat, craps, and roulette. GPIC is headquartered in Las Vegas, Nevada, with offices in Beaune, France; San Luis Rio Colorado, Mexico; Atlantic City, New Jersey; and Gulfport, Mississippi. GPIC sells its casino products directly to licensed casinos throughout the world. For additional information about GPIC, visit our web site at www.gpigaming.com.

Safe Harbor Statement

This release contains “forward-looking statements” based on current expectations but involving known and unknown risks and uncertainties, such as statements relating to anticipated future sales or the timing thereof; the long-term growth and prospects of our business or any jurisdiction; the duration or effects of unfavorable economic conditions which may reduce our product sales; the long term potential of the RFID gaming chips market and the ability of GPIC to capitalize on any such growth opportunities; and the payment of any dividends in the future.  Actual results or achievements may be materially different from those expressed or implied. GPIC’s plans and objectives are based on assumptions involving judgments with respect to future economic, competitive and market conditions, the timing and its ability to consummate acquisitions, and future business decisions and other risks and uncertainties identified in Part I-Item 1A, “Risk Factors” of the Company’s Annual Report on Form 10-K for the period ended December 31, 2009, all of which are difficult or impossible to predict accurately and many of which are beyond its control.  Therefore, there can be no assurance that any forward-looking statement will prove to be accurate.

For more Information please contact:
Gaming Partners International Corporation:
Gerald W. Koslow, CFO
702-598-2401
jkoslow@gpigaming.com

CONTACT: Gerald W. Koslow, CFO of Gaming Partners International Corporation, +1-702-598-2401, jkoslow@gpigaming.com

Web Site: http://www.gpigaming.com

Motley Fool in UK Unveils 10 Best Dividend Paying Companies

Motley Fool in UK Unveils 10 Best Dividend Paying Companies-Image by HermanVonPetri via Flickr

New research from popular investing website The Motley Fool – Fool.co.uk, uncovers ten FTSE 100 companies that have consistently increased their dividends over the last five years by more than the rate of inflation.

The average dividend yield for FTSE 100 companies is 3.12%, which compares very well with interest paid on instant access savings accounts (1). However, equally important as the absolute level of dividends is the rate at which companies have increased their payouts.

The average year-on-year rate at which dividends have grown over the last five years is a steady 6% (2). Yet a number of companies have produced increases at many times this average rate.

For instance, Inmarsat, the satellite communications company, has increased its payout to shareholders by 48% a year over the last five years. International Power, the utility company, has managed dividend growth at around 38% a year, while mining giant BHP Billiton has ratcheted up its dividend by around 31% a year.

Commenting on the findings, Todd Wenning, Chief High Yield Analyst at The Motley Fool says:

“We look set for a period of relatively high inflation and dividend-paying stocks can offer investors a number of tremendous advantages. Not only have they accounted for the bulk of long-term overall stock market returns, in the shorter term they also provide investors with periodic cash returns that can often beat inflation.

“The companies identified have been shining examples of this phenomenon, and building a diversified portfolio of high-quality dividend-paying stocks is an attractive opportunity for many investors.”

AMETEK Inc. (NYSE: AME) Declares a 3-for-2 Stock Split

AMETEK Inc. (NYSE: AME) today announced its Board of Directors has declared a three-for-two stock split and approved a 50% increase in the quarterly cash dividend on its common stock.

The three-for-two split of its common stock will result in the issuance of one additional common share for every two shares owned as of the record date.  The new shares are payable on December 21, 2010, to shareholders of record on December 10, 2010.  Any fractional shares resulting from the stock split will be paid in cash based on the closing market price of AMETEK stock on the record date.  By splitting its stock, AMETEK expects to broaden the stock’s marketability and improve its trading liquidity.

After reviewing the Company’s strong financial position and future expectations, AMETEK’s Board of Directors also has decided to increase the quarterly common stock dividend 50%, to an indicated annual rate of $.36 per share ($.24 per share on a post-split basis).  The Board of Directors declared the fourth quarter dividend of $.09 per share ($.06 per share on a post-split basis), payable on December 21, 2010 to shareholders of record on December 10, 2010.

Frank S. Hermance, AMETEK Chairman and Chief Executive Officer commented, “Our Four Growth Strategies have resulted in significant increases in sales, profitability and cash flow.  We remain firmly committed to these strategies, in particular our disciplined acquisition strategy, and believe they will continue to drive shareholder value in the future.  Anticipated strong cash flows will enable us to continue to fully fund these growth strategies, while rewarding shareholders with a higher cash dividend.”

Corporate Profile

AMETEK is a leading global manufacturer of electronic instruments and electro-mechanical devices with annualized sales of $2.5 billion.  AMETEK’s Corporate Growth Plan is based on Four Key Strategies: Operational Excellence, Strategic Acquisitions & Alliances, Global & Market Expansion and New Products. AMETEK’s objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital.  The common stock of AMETEK is a component of the S&P MidCap 400 and the Russell 1000 Indices.

Forward-looking Information

Statements in this news release relating to future events, such as AMETEK’s expected business and financial performance are “forward-looking statements.”  Forward-looking statements are subject to various factors and uncertainties that may cause actual results to differ significantly from expectations.  These factors and uncertainties include our ability to consummate and successfully integrate future acquisitions; risks associated with international sales and operations; AMETEK’s ability to successfully develop new products, open new facilities or transfer product lines; the price and availability of raw materials; compliance with government regulations, including environmental regulations; changes in the competitive environment or the effects of competition in our markets; the ability to maintain adequate liquidity and financing sources; and general economic conditions affecting the industries we serve.  A detailed discussion of these and other factors that may affect our future results is contained in AMETEK’s filings with the U.S. Securities and Exchange Commission, including its most recent reports on Form 10-K, 10-Q and 8-K.  AMETEK disclaims any intention or obligation to update or revise any forward-looking statements.

Contact:  William J. Burke (610) 889-5249

SOURCE AMETEK Inc.

CONTACT: William J. Burke, +1-610-889-5249

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