Tuesday, November 17, 2009

Intel and Lancaster Colony Increase Dividends

Catching up after some dividend increases this week.

Intel

On Monday, Intel Corp. (INTC) announced the company is increasing its 1st quarter 2010 dividend by 12.5% to 15.75 cents per share. This is Intel's first quarterly dividend increase since the second quarter of 2008 when the company increased the quarterly dividend to 14 cents per share.
  • The estimated payout ratio will equal 43% based on 12/2010 estimated earnings of $1.46. This compares to the 5-year average payout ratio of approximately 36%.
  • The company carries an S&P Earnings & Dividend Quality Ranking of B+.
Lancaster Colony

Today, Lancaster Colony (LANC) announced the company is increasing its fiscal 2nd quarter dividend 5.26% to 30 cents per share. This compares to 28.5 cents per share paid in the same quarter last year.
  • The estimated payout ratio will equal 33% based on June 2010 estimated earnings of $3.68. The reported earnings for the year ending June 2009 equaled $3.18.
  • The company has an S&P Dividend & Earnings Quality Ranking of B.



(Disclosure: Long INTC)


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