Dividend Changes: Suncor Energy, Legg Mason, Ametek, Center Bancorp, AmTrust Financial Services
Suncor Energy’s (NYSE:SU) Board of Directors has approved an increase in the company’s quarterly dividend to 13c per share on its common shares, from the previous level of 11c per share. The dividend is payable June 25, to shareholders of record at the close of business on June 4.
Legg Mason’s (NYSE:LM) board increases quarterly dividend to 11c per share.
Ametek Inc. (NYSE:AME) announced its board has declared a three-for-two stock split and approved a 50% increase in the quarterly cash dividend on its common stock. The three-for-two split of its common stock will result in the issuance of one additional common share for every two shares owned as of the record date. The new shares are payable on June 29, to shareholders of record on June 15. Any fractional shares resulting from the stock split will be paid in cash based on the closing market price of AMETEK stock on the record date. By splitting its stock, AMETEK expects to broaden the stock’s marketability and improve its trading liquidity.
Center Bancorp Inc. (NASDAQ:CNBC), parent company of Union Center National Bank, or UCNB, announced that its Board of Directors intends to increase the quarterly cash dividend to $0.055 cents per share of common stock, representing an increase of $0.025 or 83.37% compared with the current declared dividend. The increase in the cash dividend will be effective with the quarterly declaration to be made later in May for the quarter ending June 30th, payable on or about Aug. 1, to all shareholders of record on July 13.
AmTrust Financial Services, Inc. (NASDAQ:AFSI): The board increased the dividend to 10c per share from 9c per share. The dividend will be payable on July 16 to shareholders of record as of July 2.
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