Dividend Changes: Main Street Capital, Barrick Gold, Pepsico, Medallion Financial, Domtar Corporation
Main Street Capital Corporation (NYSE:MAIN) declared monthly dividends of 14.5c per share for each of July, August and September. These monthly dividends equal a total of 43.5c per share for Q3. The Q3 dividends represent an 11.5% increase from Q3 2011 and a 3.6% increase compared to Q2 .
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Barrick Gold Corporation (NYSE:ABX) announced that, consistent with its practice of paying a progressive dividend, the Board of Directors has authorized a quarterly dividend of 20c per share, which represents a 33% increase from the previous dividend. Barrick’s strong earnings and operating cash flows, combined with its positive outlook on the gold price, enables the company to continue to make high return investments in its project pipeline and also increase its dividend. Over the last six years, Barrick has had a consistent track record of progressively returning more capital to shareholders, increasing its dividend by more than 260%on a quarterly basis.
Pepsico, Inc. (NYSE:PEP): The annual dividend has been increased to $2.15 per share from $2.06 per share. The quarterly dividend of 53.75c is payable June 29 to shareholders of record on June 1.
Medallion Financial Corp. (NASDAQ:TAXI) announced an increase in the dividend of 24% to 21c per share for the 2012 first quarter, up from 17c per share in the 2011 first quarter. This brings the total dividends paid over the last four quarters to 78c, and equates to a yield of over 7% based on the closing price of the Company’s stock on May 1, 2012. The current dividend will be paid on May 25, 2012, to shareholders of record on May 15, 2012.
Domtar Corporation (NYSE:UFS): The board increased the quarterly dividend to 45c per share from 35c per share. The dividend is payable on July 16 to stockholders of record as of the close of business on June 15.
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