Tupperware Brands ( TUP) raised its quarterly dividend by 20%, from 25 cents to 30 cents share. The new Tupperware dividend is payable to shareholders of record Dec. 17 and will be paid Jan. 4. The new dividend yield for TUP stock is just north of 2.5%. Tupperware is a recognizable consumer brand but has had a rough go lately. Shares are essentially flat across the last year aside from a peak in April and a trough in June. Tupperware stock skyrocketed four-fold from the 2009 lows through the end of that year, but have been sluggish for all of 2010.
Ametek Dividend Increase
Pennsylvania electronics firm Ametek ( AME) said its stock will split 3-for-2 in the coming weeks and will increase its quarterly dividend by an impressive 50%. Ametek's board declared a quarterly dividend of 9 cents a share, up from 6 cents previously, and boosted the yield of AME stock to about 0.6% (these figures reflect a post-split valuation). The dividend is payable Dec. 21 to shareholders of record Dec. 10. Ametek has been a real small-cap tech success story. Ametek shares have soared about 50% year-to-date, while the S&P 500 index has added only about 10%. Its electronic instruments are used in a variety of applications across aerospace, mass transit, medical and industrial markets.
RockTenn Dividend Increase
Rock-Tenn ( RKT), a leading paperboard and packaging company, declared a dividend of 20 cents per share last week, up 25% from a previous payout of 15 cents. The dividend, which will be paid Nov. 22 to shareholders of record Nov. 9, gives Rock-Tenn a new annualized dividend yield of 1.3%. The move came last week amid strong earnings, where RKT announced a jump in profits of 36% thanks to higher volume, margins and prices for its products. Rock-Tenn stock has outperformed the market in 2010, with gains of about 15% so far this year.
Cinemark Dividend Increase
You may not think movie theaters would make great dividend plays, but with a 17% increase in its quarterly payday, Cinemark Holdings now boasts a dividend yield of about 4.5%. Specifically, Cinemark increased its payday from 18 cents a share each quarter to 21 cents. The next CNK dividend is payable Dec. 7 to shareholders of record as of Nov. 22. Cinemark operates more than 400 movie theatres with almost 5,000 screens in 39 U.S. states, Canada and Latin America. CNK stock has outperformed the market considerably this year, up 27% year-to-date in 2010 compared with gains of about 10% for the S&P 500 index. Even more impressive is the massive 40% gain since July 1 in this stock.