 MAT | Mattel Inc. declared 1Q 12 cash dividend of $0.31 per share on the company's common stock. The dividend will be payable on Mar 9, 2012, to stockholders of record on Feb 23, 2012. The Company paid a dividend of $0.23 per share in prior quarter. |
Monthly Archives: January 2012
Mattel Hikes 1Q 12 Dividend 35%
January 31, 2012
Motorola Solutions Raises Stock Repurchase Program to $3B
January 30, 2012
 MSI | Motorola Solutions, Inc. announced that Board of Directors authorized up to $1.0 billion in additional funds for use in the existing stock repurchase program through the end of 2012. This increase of up to $1 billion is in addition to the up to $2 billion announced in July 2011, raising the total authorization to up to $3 billion. After stock repurchases of $1.1 billion through Dec. 31, 2011, Motorola Solutions will have up to $1.9 billion for its stock repurchase program in 2012. The Company said it may repurchase shares on the open market or in private transactions depending on market conditions, and that it expects to use existing cash and cash from operations for the repurchases. |
Eaton Hikes Quarterly Dividend 12%
January 26, 2012
 ETN | Eaton Corporation declared a 12% increase in the quarterly dividend from $0.34 per share to $0.38 per common share. The dividend is payable Feb 24, 2012 to shareholders of record at the close of business on Feb 6, 2012. |
Standard Register Suspends Quarterly Dividend
January 23, 2012
 SR | The Standard Register Company announced the suspension of its quarterly dividend in keeping with Ohio law, which requires that cash dividends be paid only out of a corporation’s statutory surplus. Because of the decline in book equity related to additional fourth quarter actuarial losses in the Company’s pension plan and the valuation allowance established against deferred tax assets, there is not currently a statutory surplus. The 1Q 12 dividend which was declared in December 2011 will be paid on Mar 9, 2012. |
CoreLogic Raises FY 11 Guidance
January 19, 2012
 CLGX | CoreLogic Inc. now expects to exceed high end of the previous FY 11 adjusted revenue, adjusted EBITDA and adjusted EPS guidance. The company previously expected FY 11 adjusted EBITDA of $290 to $300 million; adjusted EPS of $0.75 to $0.80; and adjusted revenues from continuing operations of $1.35 to $1.37 billion. |
PNC Financial 4Q 11 Net Down 40%
January 18, 2012
 PNC | PNC Financial Services Group Inc. reported financial results for 4Q 11 ended Dec 31, 2011. Revenues were $3.55 billion compared to $3.90 billion for the last year same quarter. Net income was $493 million compared to $820 million. EPS was $0.85 compared to $1.50 last year. Non interest expenses were $2.72 billion, compared to $2.34 billion last year. For FY 11, the Company reported net income of $3.07 billion, compared to $3.40 billion in FY 10. |
TECO Energy Lowers FY 12 Guidance
January 17, 2012
 TE | TECO Energy Inc. now expects FY 12 sales to be in a range between 7.0 million and 7.3 million tons at an average selling price of more than $96.00 per ton, compared to previous sales guidance range of 8.2 million to 8.5 million tons. Metallurgical coal sales volumes for FY 12 are expected to be at, or slightly above, FY 11 levels, and sales mix to be about 50% specialty coals, which includes metallurgical, stoker and PCI coals. The company expects average fully loaded cost of production in FY 12 to be in a range between $83.00 and $87.00 per ton. |
Gilead Sciences Completes Acquisition of Pharmasset for $11.2B
January 17, 2012
 GILD | Gilead Sciences Inc. announced the completion of the previously announced, on Nov 21, 2011, transaction for Royal Merger Sub II Inc., a wholly-owned subsidiary of Gilead, to acquire Pharmasset Inc. for $137 per share in cash, or $11.2 billion in the aggregate. As a result of the completion of the merger, Pharmasset has become a wholly-owned subsidiary of Gilead and the common stock of Pharmasset will no longer be listed for trading on the NASDAQ Global Select Market, which is expected to take effect as of the close of market on Jan 17, 2012. |
SUPERVALU Lowers FY 12 Guidance
January 11, 2012
 SVU | SUPERVALU Inc. now expects FY 12 GAAP loss per share to be $2.58 to $2.48, compared to prior EPS guidance of $1.20 to $1.30; excluding the $907 million goodwill and intangible asset impairment charges recorded in 3Q 12, the company continues to expect FY 12 EPS to be $1.20 to $1.30; net sales to be $36.1 billion, down from previous guidance of $36.5 billion; and identical store sales growth, excluding fuel, to be negative 2.5% to negative 3.0%, compared to prior guidance of negative 2.0% to negative 2.5%. The company continues to expect FY 12 capital spending to be $700 to $725 million. The company updated the guidance along with 3Q 12 financial results. |
Ultra Clean Raises 4Q 11 Guidance
January 11, 2012
 UCTT | Ultra Clean Holdings Inc. now expects 4Q 11 revenue to be in the range of $85 to $86 million, up from its previous guidance of $75 to $80 million; and EPS will exceed the high end of its prior guidance range of breakeven to $0.02. |
