Dividend Changes to Know Now: Kansas City Southern, Alliance Holdings, Tupperware, Campus Crest Communities, Penske Automotive Group
Kansas City Southern (NYSE:KSU): Kansas City Southern raises common stock dividend to 21.5c per share. Kansas City Southern’s board declared a regular dividend of 21.5c per share on the outstanding KCS common stock, which is a 10% increase from the previous quarterly dividend of 19.5c per share. This dividend is payable on April 3, to common stockholders of record at the close of business on March 11.
Alliance Holdings GP, L.P. (NASDAQ:AHGP): Alliance Holdings increases dividend 2.1% to $1.1075. Alliance Holdings announced that the Board of Directors of its managing general partner increased the cash distribution to unitholders for the 2012 Quarter to $1.1075 per unit payable on February 14 to all unitholders of record as of the close of trading on February 7. The announced distribution represents a 11.9% increase over the cash distribution of 99c per unit for the 2011 Quarter and a 2.1% increase over the cash distribution of $1.085 per unit for the 2012 Q3.
Tupperware Brands Corporation (NYSE:TUP): Tupperware Brands raises quarterly dividend 72% to 62c from 36c. Tupperware Brands said its board declared a regular quarterly dividend of 62c per share, up 72% from the previous quarterly dividend of 36c per share. It is payable on April 5, to shareholders of record as of March 20. The company also increased its target payout ratio from approximately one-third to 50% of trailing diluted earnings per share, excluding items, and continues to expect that its board will consider increasing the quarterly dividend with its declaration in the first quarter of each year.
Campus Crest Communities, Inc. (NYSE:CCG): Campus Crest increases dividend 3.1% to 66c. Campus Crest Communities announced that its Board of Directors approved an increase in the Company’s annual common stock dividend from the current annual rate of 64c per share to 66c per share, representing an annualized dividend yield of 5.4% based on the Company’s closing price of $12.27 on January 28, 2013. This increased dividend, which represents a 3.1% annual increase, commences with the payment of the first quarter of 2013 common stock dividend, payable on April 10 to all stockholders of record on March 27 and will amount to 16.5c per share on a quarterly basis. The Board of Directors also declared a cash dividend of 50c per Series A Cumulative Redeemable Preferred Share for the Q1.
Penske Automotive Group, Inc. (NYSE:PAG): Penske Automotive increases dividend 7.7% to 14c. Penske Automotive Group announced that its Board of Directors has approved a cash dividend of 14c per share for the Q4 of 2012. The dividend is payable on March 1 to shareholders of record on February 11.
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