Content about Dividend

April 7, 2014

After announcing its plans last December to do away with yet another one of its assets, Sears Holdings officially completed its spinoff of the Lands' End unit on Friday. 

As according to plan, Lands' End began trading as a separate company Monday (stock ticker symbol LE), with about 32 million shares to its name. Those holding Sears shares as of March 24, 2014 received about .3 shares of common Lands' End stock per Sears share.

March 13, 2014

Williams-Sonoma reported net revenues increased to $1.5 billion in the fourth quarter ended Feb. 2 from $1.4 billion in the prior-year quarter. This year’s fourth quarter had just 13 weeks compared with last year’s fourth quarter, which had 14; excluding the additional week in the prior-year quarter, net revenues grew 10%.

Net earnings totaled $133.8 million, up from $133.7 million in the prior-year fourth quarter.

February 23, 2014

Atlanta – An information-packed general session here at the True Value Reunion included up-close interviews with a new slate of senior executives and an update on the co-op’s long-running strategic planning effort.

And there was also a little comedy on the stage, as actors impersonated shoppers experiencing BBTSD, or “big box traumatic stress disorder.”

January 31, 2014

Federal Way, Wash.-based Weyerhaeuser posted net earnings of $540 million for the full year 2013, up from $385 million in 2012. 

Net sales for the year were $8.5 billion, up from $7.1 billion in 2012.

The company noted that in 2013 it doubled earnings before special items, increased its per share dividend by nearly 30% and announced a deal to combine its real estate operation with TRI Pointe Homes. It also acquired about 645,000 acres of timberlands in the Pacific Northwest through the purchase of Longview Timber.

July 29, 2013

For the second time this year, Caterpillar Inc. is initiating a $1 billion accelerated stock repurchase program, this time with Societe Generale.

The construction equipment giant is set to repurchase $1 billion of its common stock, with an immediate delivery of about 11 million shares based on current market prices.

April 26, 2013

Braced by strong sales of wood products, the Federal Way, Wash.-based company reported a sales increase of 33%.

April 8, 2013

The co-op structure presents to the hardware industry one of the most interesting financial instruments in all of accounting: the end-of-year rebate.

San Antonio-based Alamo Lumber is a small regional lumberyard company serving 14 south Texas markets with a mix of building supplies and hardware store merchandise.

January 25, 2013

Federal Way, Wash.-based Weyerhaeuser reported net earnings of $385 million for the full year 2012, compared with net earnings of $331 million for the full year 2011.

October 12, 2012

Sears Holdings has successfully separated out its Sears Hometown and Outlet Stores businesses.

June 1, 2012

Facebook’s billions An item that compared the market capitalization of Facebook and The Home Depot led to several letters:

“The value of Facebook is staggering, given they don’t produce a single product except to waste employees’ attention to what they are being paid to do.

“I for one am not of the opinion that the stock will ever turn a dividend to any stockholder unless you own millions of free shares.

April 12, 2012

The Board of Directors of Federal Way, Wash.-based Weyerhaeuser Co. declared a dividend of $0.15 per share on the common stock of the corporation payable June 1, 2012, to shareholders of record at the close of business May 11, 2012.

Weyerhaeuser, one of the world's largest forest products companies, began operations in 1900. The company grows and harvest trees, builds homes and makes a range of forest products. At the end of 2011, the company generated annual sales of $6.2 billion and employed approximately 12,800 employees in 11 countries. 

 

January 4, 2012

Flooring and ceiling products manufacturer Armstrong World Industries announced this morning the completion of a refinancing and a special dividend payment  by WAVE, its 50% joint venture with Worthington Industries.

Under the deal, WAVE executed a $225 million three-year revolving credit agreement and a $50 million ten-year private placement bond. Proceeds of the transaction were used to repay WAVE's previous credit agreement, as well as to pay $50 million special dividends to each of WAVE's parent companies, Armstrong and Worthington.

December 14, 2011

San Diego-based WD-40 Co. declared a 7% increase of its regular quarterly dividend to $.29 per share, payable Jan. 31, 2012.

The announcement came its annual meeting Dec. 13. The board of directors also authorized an open-ended buyback of shared up to $50.0 million over the next two years. IN addition to WD-40, the company's brands include 3-in-one, Blue Works, X-14, Carpet Fresh and Spot Shot.

November 15, 2011

Stormy weather around the country had something to do with Home Depot's third-quarter sales gain of 2.9%. So did strength in core categories.

The world's largest home improvement retailer posted a 4.2% comp-store sales gain for the quarter ended Oct. 30. Total sales increased 2.9% to $17.326 billion. And even bigger growth came in the net earnings column, where Home Depot reported a 13.0% increase and net earnings of $934 million.

November 15, 2011

Stormy weather around the country had something to do with Home Depot's third-quarter sales gain of 2.9%. So did strength in core categories.

The world's largest home improvement retailer posted a 4.2% comp-store sales gain for the quarter ended Oct. 30. Total sales increased 2.9% to $17.326 billion. And even bigger growth came in the net earnings column, where Home Depot reported a 13.0% increase and net earnings of $934 million.

September 11, 2011

Masco Corp. announced that its board of directors declared a quarterly dividend of $.075 per common share, payable on Nov. 7, 2011, to shareholders of record on Oct. 7, 2011.

Headquartered in Taylor, Michigan, Masco Corp. is a leading manufacturer of home improvement and building products -- including Arrow, Delta, Behr and KraftMaid -- as well as a leading provider of services that include the installation of insulation and other building products.

August 31, 2011

True Value CEO Lyle Heidemann offered some friendly advice to a reporter recently. “Bring your camera to Philadelphia this year,” he said. 


Philadelphia is the site of the Chicago-based co-op’s Fall Market, Sept. 23 to 25. Here, True Value will be displaying its Destination True Value store design and format for smaller stores. In the Philadelphia and nearby East Coast markets, the co-op is expecting strong attendance from dealers with smaller-than-average footprints. 


August 23, 2011

Lowe’s board of directors has authorized the repurchase of up to $5 billion of the company's common stock, along with a quarterly cash dividend of cents ($0.14) per share, payable Nov. 2, 2011, to shareholders of record as of Oct. 19, 2011.

August 8, 2011

The challenges from unfriendly weather hit Scotts Miracle-Gro hard in the quarter ended July 2, as sales declined 10% to $1.06 billion.

The decline was driven primarily by poor weather across most of the United States throughout the duration of the lawn and garden season, as well as a more competitive promotional landscape and changes in certain retailer strategies within the mass merchandise channel, the Marysville, Ohio-based company said. 

June 2, 2011

As The Home Depot holds its annual shareholders meeting today, it announced its 97th consecutive cash dividend.

The company announced that its board of directors declared a first-quarter cash dividend of 25 cents per share. The dividend is payable on June 30 to shareholders of record on the close of business on June 16. The dividend -- the same amount it paid last quarter -- marks the 97th consecutive quarter Home Depot has paid a cash dividend.

The company's shareholders meeting takes place today at the Cobb Galleria Centre in Atlanta.

May 29, 2011

At its annual meeting, Lowe’s chairman and CEO Robert A. Niblock continued to hammer on the theme of transformation at the nation's second-largest home center chain.

“Making home improvement simple for customers starts with making it simple for our employees by providing them with the right technology and resources,” said Niblock. “Throughout our 65-year history, Lowe’s has changed many times. To be successful in the future, we must transform the shopping experience for customers wherever and however they choose to shop with Lowe’s.”

May 29, 2011

At its annual meeting, Lowe’s chairman and CEO Robert A. Niblock continued to hammer on the theme of transformation at the nation's second-largest home center chain.

“Making home improvement simple for customers starts with making it simple for our employees by providing them with the right technology and resources,” said Niblock. “Throughout our 65-year history, Lowe’s has changed many times. To be successful in the future, we must transform the shopping experience for customers wherever and however they choose to shop with Lowe’s.”

April 27, 2011

New Britain, Conn.-based Stanley Black & Decker posted first quarter sales of $2.381 billion, up 89% from the year ago period -- thanks largely to the incremental sales achieved through Black & Decker.

The company, which marked its one -year anniversary of the Stanley and Black & Decker merger last month -- the companies merged March 12, 2010 -- said 71% of the sales increase was from Black & Decker, other acquisitions made up 9%, unit volume resulted in 7% growth, and currency rates added 2%. 

March 30, 2011

In addition to glossy case studies of growing members, Chicago-based True Value Co.'s freshly released 2010 Annual Report forecasts a sixth straight "consistent patronage dividend" in 2011.

The report's letter to retailers, co-signed by CEO Lyle Heidemann and chairman Brian Webb, also forecasts about 40 line reviews this year. Another forecast is for an additional 1.25 million sq. ft. of Destination True Value retail space, up from the 900,000 sq. ft. that was added in 2010.

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