Several companies declared their future dividend plans, as the US stock futures trade mixed on Friday. Some notable dividend payers are discussed here.
Covidien Plc (NYSE: COV), a leading global healthcare products company that creates innovative medical solutions for better patient outcomes and delivers value through clinical leadership and excellence, said that its board of directors has declared a quarterly cash dividend of $0.225 per ordinary share. The dividend is payable on February 22, 2012, to shareholders of record on January 30, 2012. COV last traded at $48.05 a share on Thursday.
AZZ Incorporated (NYSE: AZZ), a specialty electrical equipment manufacturer serving the global markets of industrial, power generation, transmission and distribution, as well as a leading provider of hot dip galvanizing services to the steel fabrication market nationwide, said that its board of directors declared a quarterly cash dividend of $0.25 per share payable on February 17, 2012 to shareholders of record on February 3, 2012. The company also authorized the repurchase of up to 10 percent of the shares of the company's outstanding shares of common stock, par value $1.00 per share. AZZ last closed at $48.27 a share.
Men’s Wearhouse Inc. (NYSE: MW) said that its board of directors declared a quarterly cash dividend of $0.18 per share on the company's common stock, payable on March 23, 2012 to shareholders of record at the close of business on March 13, 2012. The announced dividend represents a 50 percent increase in its regular cash dividend of $0.09 per share. MW last traded at $34.76 a share.
IDACORP Inc. (NYSE: IDA) said that its board of directors increased the 2012 regular quarterly cash dividend on IDACORP's common stock to $0.33 per share from $0.30 per share, representing a 10 percent increase. The increase reflects an annualized rate of $1.32 per share. The quarterly dividend is payable February 29, 2012 to IDACORP shareholders of record on February 6, 2012. IDA closed at $41.46 a share on Thursday.
First Horizon National Corp. (NYSE: FHN) a bank holding company, said early today that its board of directors has approved payment of a quarterly cash dividend on its common stock of $.01 per share. The dividend is payable on April 1, 2012, to the common shareholders of record on March 16, 2012. FHN closed at $8.77 a share, yesterday.