National CineMedia Dividend Increase
Another cinema company that's a surprising dividend gem is National CineMedia (NCMI - Get Report) (NYSE: NCMI). The operator of the largest digital in-theater network in North America announced strong earnings last week, including a 31% growth in revenue, and a resulting hike in its quarterly dividend. CineMedia increased its payout 11% from 18 to 20 cents a share, giving the movie company a new yield of more than 3.8%. The dividend will be paid Dec. 2 to stockholders of record Nov. 18.
National CineMedia stock has outperformed the market slightly year-to-date in 2010, but the prospect of a big holiday movie season could mean big bucks for NCMI. The 3D craze of the summer resulted in a nice bump in profits for related stocks such as Imax (IMAX) (NASDAQ: IMAX) and the trend could continue to lift theaters like CineMedia going forward.
Aaron's Dividend Increase
Electronics and home furnishings retailer and rental shop Aaron's (AAN - Get Report) said its quarterly dividend will increase 8.3% from 12 cents a share to 13 cents. That gives the Aaron's a new dividend yield of 0.025%. The dividend is payable Jan. 4 to shareholders of record Dec. 1.Aaron's stock had suffered before the fall due to weak consumer spending, but has come roaring back recently -- in part to a strong third-quarter earnings report that shows growing net profit and revenue. AAN stock is up over 21% in the last month compared with about a 6% hike for the S&P 500 index.