Dividend Changes to Know Now: Hartford Financial Services Group, BRE Properties, Church & Dwight, Mastercard, Coca-Cola Enterprises
Hartford Financial Services Group Inc. (NYSE:HIG): Current Price $24.18
Hartford Financial Services Group Inc. (NYSE:HIG): Hartford gets OK for extraordinary dividend from Connecticut companies. The company announced that it has reviewed with the Connecticut Insurance Department its capital management plans and that it has received approval from the Department for a $1.2 billion extraordinary dividend from its Connecticut domiciled life insurance companies. In addition, it expects to dissolve the company’s Vermont life reinsurance captive and return approximately $300 million of surplus to the holding company. These actions are expected to be completed by the end of the first quarter of 2013.
BRE Properties Inc. (NYSE:BRE): Current Price $47.49
BRE Properties Inc. (NYSE:BRE): BRE Properties increase dividend 2.6% to 39.5c. BRE’s Board of Directors approved a 2.6% increase for the 2013 common dividend to 39.5c per share quarterly. The quarterly dividend payment is equivalent to $1.58 per share on an annualized basis, and represents a yield of approximately 3.17% on Friday’s closing price of $49.77 per share. BRE has paid uninterrupted quarterly dividends to shareholders since the Company’s founding in 1970.
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Church & Dwight Co. Inc. (NYSE:CHD): Current Price $59.77
Church & Dwight Co. Inc. (NYSE:CHD): Church & Dwight says boar dincreased dividend 17% on January 30. On January 30, the Company’s Board of Directors declared a 17% increase in the regular quarterly dividend from 24c to 28c, equivalent to an annual dividend of $1.12 or a current dividend yield of approximately 2.0% per share. The quarterly dividend will be payable March 1, 2013 to stockholders of record at the close of business on February 15, 2013.
Mastercard Incorporated (NYSE:MA): Current Price $521.09
Mastercard Incorporated (NYSE:MA): MasterCard increases quarterly dividend to 60c per share from 30c. MasterCard Incorporated announced that its Board of Directors has increased the company’s quarterly cash dividend to 60c per share, doubling the previous dividend level of 30c per share. The cash dividend will be paid on May 9, 2013 to holders of record of its Class A common stock and Class B common stock as of April 9, 2013.
Coca-Cola Enterprises Inc. (NYSE:CCE): Current Price $35.40
Coca-Cola Enterprises Inc. (NYSE:CCE): Coca-Cola Enterprises increases dividend 25% to 20c. The Coca-Cola Enterprises Board of Directors increased the company’s regular quarterly dividend 25% to 20c per share. The quarterly dividend rate is equivalent to an annual dividend of 80 cents per share. The dividend is payable March 21 to shareowners of record on March 8.
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