Plains All American Pipeline (PAA), a firm that transports and stores crude oil and other refined products, announced a cash distribution of 95 cents per share on all of its outstanding limited partner shares. The payout represents an increase of 3.3% over the quarterly distribution of 92 cents per share paid in November 2009 and an increase of 0.8% from the August 2010 distribution of 94.25 cents per share. The higher payout will be available on Nov. 12 to holders of record of on Nov. 2.
Suburban Propane Partners (SPH), a distributor of propane and fuel oil, announced its quarterly dividend of 85 cents per share, an increase of about 0.6% over its prior dividend. The distribution at this increased rate is payable on Nov. 9 to common shareholders of record as of Nov. 2.
Peabody Energy said its board approved a 21% increase in its quarterly dividend to 8.5 cents per common share, payable Nov. 26 to holders of record on Nov. 4.Regional bank 1st Source (SRCE) announced a 6.7% increase to its quarterly payout, to 16 cents per share, payable on Nov. 15 to shareholders of record on Nov. 5. Somerset Hills Bancorp (SOMH), a savings and loan bank, upped its payout by 20% to 6 cents per share. The new dividend will be paid Nov. 30 to shareholders of record as of Nov. 16. LTC Properties (LTC) said earlier this week it increased its previously declared monthly cash dividend to 14 cents per share, up from 13 cents, on its common stock for the months of November and December of this year. The higher payouts will be available Nov. 30 and Dec. 31, respectively, to stockholders of record on Nov. 22 and Dec. 23, respectively. Cass Information Systems (CASS), a provider of payment and information processing services to manufacturing, distribution and retail enterprises, said this week it raised its quarterly dividend 14.3% to 16 cents per share. The dividend is payable Dec. 15 to shareholders of record Dec. 3. Met-Pro (MPR) increased its quarterly dividend 10% to 6.6 cents per share, payable on Dec. 1 to shareholders of record at the close of business on Dec. 3. Met-Pro makes products for the air and water pollution control, fluid handling and filtration markets.
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