This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Dividend Roundup: LaSalle Hotel

Stocks in this article: LHOWNIPLOW

BOSTON ( TheStreet) -- LaSalle Hotel Properties (LHO) shares were rising Tuesday after the hotel real estate investment trust boosted its dividend payment for the third quarter.

LaSalle Hotel said it has increased its quarterly dividend to 11 cents per common share of beneficial interest. The third quarter dividend will be paid on Oct. 15 to common shareholders of record on Sept. 30. In the second quarter, LaSalle Hotel paid a dividend of a penny per share.

"The board and management believe increasing the dividend to this level is appropriate at this time," Michael Barnello, president and CEO of LaSalle Hotel, said in a statement. "Our balance sheet is strong and the portfolio continues to generate significant cash flow."

Shares of LaSalle Hotel were climbing by 11 cents, or 0.5%, to $22.84.

Elsewhere, Schiff Nutrition (WNI) said it will pay a special cash dividend of 70 cents per share on Oct. 26 to shareholders of record at the close of business on Sept. 23. The aggregate amount of the special dividend is approximately $21 million, the company said.

"We are confident the company will continue to generate positive operating cash flows, and our post-dividend cash position will provide the financial flexibility to continue to fund growth initiatives, invest in our facilities, and explore acquisition opportunities," Bruce Wood, president and CEO of Schiff Nutrition, said in a statement.

The dividend announcement came as Schiff Nutrition posted fiscal first-quarter earnings of 13 cents a share, coming in a penny above a two-analyst consensus estimate. Revenue was up nearly 6% from a year ago to $51.4 million, also ahead of expectations.

Shares of Schiff Nutrition were lately up 49 cents, or 5.6%, to $9.19.

Meanwhile, Douglas Dynamics (PLOW) late Monday declared an initial quarterly cash dividend of 18.25 cents per share, the snowplow company's first post-IPO dividend payment.

"The board's decision to initiate a quarterly cash dividend is a testament to the board's confidence in the company's financial strength and ability to generate solid cash flow from operations following the successful completion of the company's initial public offering," James Janik, president and CEO of Douglas Dynamics, said in a statement.

Shares of Douglas Dynamics were down 18 cents, or 1.4%, to $12.65.

-- Written by Robert Holmes in Boston.



>To contact the writer of this article, click here: Robert Holmes.

>To follow Robert Holmes on Twitter, go to http://twitter.com/RobTheStreet.

>To submit a news tip, send an email to: tips@thestreet.com.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,171.89 +197.58 1.16%
S&P 500 0.00 -2.75 -0.14%
NASDAQ 4,549.9230 +0.6970 0.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs