Apparel company VF (VFC) raised its quarterly dividend to 5% to 63 cents per share payable on Dec. 20 to shareholders of record as of the close of business on Dec. 10. This marks the 38th consecutive year of higher dividend payments to VF shareholders.
LMP Capital and Income Fund (SCD), a non-diversified, closed-end management investment company announced a new quarterly distribution rate of 15 cents per common share payable Dec. 30. LMP's board also approved the new quarterly distribution rate for calendar year 2011. The estimated components of each distribution will be provided to shareholders of record in a separate notice, the firm said.
Cantel Medical (CMN), a provider of infection prevention and control products in the healthcare market, approved an increase in its semiannual cash dividend to 6 cents per outstanding share, from 5 cents. The dividend is payable on Jan. 28, 2011 to shareholders of record at the close of business on Jan. 14, 2011.Credit card payment processing company Visa increased its quarterly dividend by a healthy 20% to 15 cents per share. The new payout will be available on Dec. 7 to the company's Class A, Class B and Class C common shareholders on record as on Nov. 19 FPB Financial (FPBF), a thrift holding company for Florida Parishes Bank, declared a cash dividend increase to 36 cents per share, composed of a regular quarterly dividend rate of 14 cents per share and a special year-end dividend of 22 cents per share, to be paid on Dec. 24 to stockholders of record at the close of business on Dec. 10. Investment management company Eaton Vance (EV) raised its quarterly dividend by 12.5%, its 30th consecutive annual increase, to 18 cents per share. The dividend is payable Nov. 10 to shareholders of record on Oct. 29. Kinder Morgan Energy Partner (KMP), one of the largest pipeline master limited partnerships in the U.S., raised its quarterly distribution 1.8% to $1.11 per share. The higher payout will be available Nov. 12, 2010, to shareholders of record on Oct. 29.