Archive for December, 2009

posted by Yahoo! News Search Results for dividends on Dec 31

Today, the following four Delaware Investments municipal income funds, all closed-end management investment companies, declare their monthly income dividends: Â Delaware Investments Arizona Municipal Income Fund, Inc., Delaware Investments Colorado Municipal Income Fund, Inc., Delaware Investments National Municipal Income Fund, and Delaware Investments Minnesota Municipal Income Fund II, Inc ...

posted by Yahoo! News Search Results for dividends on Dec 31

Today, Delaware Enhanced Global Dividend and Income Fund , a New York Stock Exchange-listed closed-end fund trading under the symbol "DEX," declares a monthly dividend of $0.1025 per share. Â The dividend is payable January 29, 2010, to shareholders of record at the close of business on January 15, 2010. Â The ex-dividend date will be January 13, 2010.

posted by Yahoo! News Search Results for dividends on Dec 31

Today, Delaware Investments Dividend and Income Fund, Inc. , a New York Stock Exchangeâlisted closed-end fund trading under the symbol "DDF," declares a monthly dividend of $0.0575 per share. Â This dividend is payable January 29, 2010, to shareholders of record at the close of business on January 15, 2010. Â The ex-dividend date will be January 13, 2010.

posted by Yahoo! News Search Results for dividends on Dec 31

SYRACUSE - Empower Federal Credit Union announced Tuesday it would give $2.5 million to its members in bonus dividends.

posted by Yahoo! News Search Results for dividends on Dec 31

These companies, including AT&T and Bristol-Myers, recently increased their dividends.

posted by Yahoo! News Search Results for dividends on Dec 31

These aren't your parents' dividends.

posted by Yahoo! News Search Results for dividends on Dec 31

South Georgia Tech hosted the GJCAA Tournament last season after being the conference’s top seed, and it paid major dividends for the Jets. Jae Crowder scored 20 of his game-high 27 points in the second half as SGTC beat Georgia Perimeter 76-71 for the championship.

posted by Chris Kaufman on Dec 31

The Treasury, as major shareholder of such credit boom casualties as Citigroup and General Motors, showed with its $3.8 billion infusion into GMAC that it can still be counted on to safeguard the financial system from systemic collapse. The auto-loan company, which had dutifully spread its wings into mortgages in the housing boom, wound up becoming a bank to qualify for TARP bailout funds a year ago – the day after Christmas 2008, to be precise. How could Treasury say no?

Now taxpayers are plonking another $3.8 billion into GMAC to help cover mortgage losses. That gives us another majority shareholding in a company that could not have survived to pay its bills, workers and its executives without aid. No, it’s not much in terms of the government’s balance sheet. But it should rankle in Congress when lawmakers come back from holiday.

Not far behind the brouhaha over universal health care lays the still smoldering debate over “too big to fail”. Is it naïve to note that the timing of GMAC’s new lifeline came when legislators were safely tucked away at home? Arguing that AIG was too big to fail, with its myriad confusing and distracting derivative contracts, and that GM was too big to fail, with its strategic position just behind the aorta of the American manufacturing heartland, or even that Citigroup, with its corner office (sans fireplace) in the U.S. superbanking community can somehow be extended to GMAC might seem farfetched to fiscal hawks.

A report in the New York Post last week certainly would have helped GMAC’s cause. The paper said that Warren Buffett was looking at taking on at least part of ResCap, GMAC’s real estate lending operation. That would probably have gone some way to convincing Treasury folk that GMAC was moving in the right direction. Many analysts see GMAC’s mortgage assets, which make up about a third of the company’s $178.2 billion balance sheet, as the main obstacle to the lender reaching profitability. GMAC said after the capital infusion it does not expect to record more major losses from its mortgage lending unit, which should help stabilize results. Well, if majority government ownership doesn’t stabilize the situation, too big to fail would not be an issue.

posted by Yahoo! News Search Results for dividends on Dec 31

COEUR D’ALENE, Idaho----On December 1, 2009, Hecla Mining Company announced that its Board of Directors had elected to declare and pay all dividends in arrears and the next scheduled quarterly dividend for each of its outstanding series of preferred stock.

posted by Yahoo! News Search Results for dividends on Dec 31

Last year, 74 percent of companies paid quarterly dividends, down from 94 percent in 1979, according to Standard and Poor’s.