Disney Raises Admission Costs, Cisco’s Latest Dividend, and 3 More Hot Stocks
Disney (NYSE:DIS): Disney theme parks in California and Florida have raised their costs of admission, with single-day admission prices increasing as much as 9.6 percent. As of Sunday, one-day entry to Disney’s Magic Kingdom at the resort in Orlando rose to $95 from $89 for people ages 10 and older, a 6.7 percent jump, the cost of a single-day pass to one of two parks at Disneyland in Anaheim rose to $92 from $87, a 5.7 percent increase, and a park hopper ticket that allows entry to both Anaheim parks on the same day rose 9.6 percent to $137.
Cisco Systems (NASDAQ:CSCO): The networking systems company has declared a $0.17 per share quarterly dividend, in line with its previous dividends. It has a forward yield of 2.79 percent for shareholders of record July 3, and is payable on June 24. It has an ex-dividend date of July 1.
Dollar General (NYSE:DG): Though EPS fell in line with expectations for the first quarter and revenue only fell a shade under projections, shares of Dollar General are tanking on the news that the company has cut its guidance, putting the whole industry on watch as soft sales of non-consumables are likely to weigh on shares in the discounting sector. Same-store sales rose 2.6 percent during the quarter, driven by consumables categories.
AutoNation (NYSE:AN): The company has announced that retail sales of new vehicles grew 11 percent year-over-year to total 26,372 in May, while same-store sales increased 8 percent during the same period. The premium luxury category alone improved 17 percent for the company during the month.
Royal Bank of Scotland (NYSE:RBS): A British parliamentary report is exploring the idea of splitting RBS into two banks — one which could be privatized, and another which would hold the company’s toxic assets and be state-run. The idea is still just an idea, though, as it would involve overcoming some significant hurdles, primarily the problem that splitting RBS would require the government to totally nationalize it first at a cost of up to 10 billion pounds, according to Chancellor George Osborne.
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