Dividend Changes to Know Now: MB Financial, Evercore Partners, First American Financial Corporation, MarkWest Energy Partners LP
MB Financial Inc. (NASDAQ:MBFI): MB Financial increases dividend to 10c, authorizes 1M share repurchase. MB Financial announced that its board of directors has declared a cash dividend of 10c per share from 1c per share, payable on November 30 to holders of record of the company’s common stock as of November 15. The company also announced that its board of directors has authorized the repurchase of up to 1M shares of the company’s common stock. The shares may be repurchased in the open market or in private negotiated transactions from time to time over a twenty-four month period, depending on market conditions and other factors.
Evercore Partners Inc. (NYSE:EVR): Evercore Partners increases quarterly dividend to 22c per share. The company says “The increased dividend and our Board’s authorization of a new stock repurchase program for 5 million shares, more than double the size of the prior program, demonstrate our ongoing commitment to delivering returns to our shareholders as we continue to grow.
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First American Financial Corporation (NYSE:FAF): First American raises quarterly dividend to 12c from 8c. First American Financial announced that its board of directors has declared a quarterly cash dividend of 12c per common share, representing a 50% increase from the prior level of 8c per common share. The cash dividend is payable on Dec. 31, 2012 to shareholders of record as of Dec. 14, 2012.
MarkWest Energy Partners LP (NYSE:MWE): MarkWest Energy increases quarterly dividend 11% y-o-y to 81c. MarkWest Energy Partners declared a cash distribution of 81c per common unit for Q3, an increase of 8c per common unit, or 11.0% compared to the Q3 2011 distribution and an increase of 1c per common unit, or 1.3% compared to the Q22012 distribution. The Q3 distribution is payable November 14 to unitholders of record on November 7. The ex-dividend date is November 2.
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