Several companies declared their future dividend plans, as the US stock futures trade higher on Thursday. Some notable dividend payers are discussed here.
The Crosstex Energy companies today announced the declaration of the quarterly distribution for Crosstex Energy, L.P. (Nasdaq: XTEX) (the Partnership) and the quarterly dividend for Crosstex Energy, Inc. (Nasdaq: XTXI) (the Corporation). from the fourth quarter of 2011. The quarterly distribution on the Partnership’s common units will be $0.32 per unit. The distribution is payable February 14 to unit holders of record February 1. This amount is approximately a 23 percent increase over the fourth-quarter 2010 rate. The quarterly dividend on the Corporation’s common stock will be $0.11 per share. The dividend is payable February 14 to shareholders of record February 1. This amount is approximately a 38 percent increase over the fourth-quarter 2010 rate. XTEX last traded at $17.19 a share and XTXI last closed at $13.78 a share on Wednesday
ONEOK Inc. (NYSE: OKE), a diversified energy company, said that its board of directors has increased the quarterly dividend to $0.61 per share of common stock from $0.56 per share, a $0.05 per share, or 9-percent, increase, effective for the fourth quarter 2011, payable Feb. 14, 2012, to shareholders of record at the close of business Jan. 31, 2012. OKE last closed at $88.74 a share, yesterday.
Morgan Stanley (NYSE: MS) said on Thursday that its board of directors has declared a a $0.05 quarterly dividend per common share. The dividend is payable on February 15, 2012 to common shareholders of record on January 31, 2012. The company also reported its fourth quarter and full year 2011 financial results today. MS is trading higher by 4.38 percent to $18.11 a share, in the pre-market trading on Thursday.
Pinnacle West Capital Corp. (NYSE: PNW), an energy holding company based in Phoenix, said today that its board of directors has declared a quarterly dividend of $0.525 per share of common stock, payable on March 1, 2012, to shareholders of record on February 1, 2012. PNW last closed at $47.77 a share.
Scotts Miracle-Gro Company (NYSE: SMG)
, the world's largest marketer of branded consumer products for lawn and garden care, said earlier today that its board of directors has approved the payment of a cash dividend of $0.30 per share. The dividend is payable Friday, March 9, 2012, to shareholders of record on Friday, February 24, 2012.
SMG last traded at $47.65 a share on Wednesday.