Consumer Staples |
Colgate Announces 20% Dividend Increase
Colgate recently announced it will increase its quarterly dividend by 20%. The increase will be effective as of the second quarter, 2010. The new rate of $.53 per share is up from $.44. In addition, The Board of Directors also authorized a new share repurchase program. The Company plans to purchase 40 million common shares over the next two years.
Wow, talk about a company that is feeling good about itself! In this environment to raise the dividend 20% and announce a huge stock repurchase program is pretty darn impressive. Then again, the Company has paid uninterrupted dividends on its common stock since 1895. 1895!!
Feb 10 · 1:23:00 PM · Source: Company Press Release
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by Rich Pike
Avon 5% Increase In Regular Quarterly Dividend
Avon Products announced a 5% increase in its regular quarterly dividend. The new dividend rate will be $.22 per common share, up from $.21 per share, beginning with the first-quarter dividend payable March 1, 2010, to shareholders of record February 23, 2010.
At today's stock price of $29.40, Avon currently yields 3.0%.
Feb 10 · 1:16:00 PM · Source: Company Press Release
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by Rich Pike
Coke's Net Up 55%
Coca-Cola Co. said Tuesday its fourth-quarter profit rose 55%,
$ to 1.54 billion, or 66 cents a share, in the period vs. $995 million, or 43 cents a share, in the same quarter a year ago. Revenue at the Atlanta-based company rose to $7.51 billion from $7.13 billion.
A gain in volume was the good news, and helped send the stock up at the opening.
Feb 9 · 12:19:00 PM
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by Michael Oliveto
Supervalu Posts Profit, Maintains View for Year
Supermarket company Supervalu, whose regional brands banners include Albertsons and Jewel-Osco, posted net income of $109 million, or 51 cents a share, for its fiscal third quarter. In the year-earlier period, it had a net loss of $2.94 billion on a massive non-cash charge.
Sales in the latest period fell to $9.22 billion from $10.17 billion.
Earnings topped expectatations and it maintained its full-year forecast.
Jan 12 · 11:12:00 AM · Source: Company News Release
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by Larry Etter
Conagra Posts Strong Quarterly Earnings
ConAgra Foods said Monday its net profit increased to $239.7 million, or 54 cents a share, in the fiscal second quarter that ended Nov. 29 from $168.1 million, or 37 cents a share, a year earlier. Total sales fell about 2.4 percent to $3.17 billion.
Earnings and sales topped analyst expectations.
Dec 21 · 1:36:00 PM · Source: Company News
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by Larry Etter
Walgreens Posts Record Quarterly Earnings/Sales
Walgreens Monday said it posted record earnings and sales for the fiscal first quarter of 2010. First quarter net earnings were $489 million, or 49 cents per share, a 19.6 percent increase from $408 million from 41 cents per diluted share a year ago. First quarter 2010 results include the impact of 3 cents per diluted share in restructuring and related costs associated with the company's Rewiring for Growth initiative. First quarter sales increased 9.5 percent from the prior-year quarter to $16.4 billion. Total sales in comparable stores (those open at least a year) increased 4.9 percent in the quarter, while front-end comparable store sales increased 2.7 percent.
Dec 21 · 1:23:00 PM · Source: Company News
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by Larry Etter
Sanofi to Buy Chattem To Boost Consumer Presence
French pharmaceuticals company Sanofi-Aventis Monday said it would acquire Chattem Inc. for $1.9 billion.
The move would step up Sanofi's presence in the consumer drug market, as Chattem, based in Tennessee, makes products like Icy Hot pain-relieving patches and gel and ACT mouthwash and posted revenues of $454.9 million in 2008.
Dec 21 · 1:19:00 PM · Source: Company News
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by Larry Etter
Rite Aid Quarterly Loss Narrows
Rite Aid said it posted a third quarter loss of $83.9 million, or 10 cents a share, compared with a prior-year loss of $243.1 million, or 30 cents a share. Revenue declined 1.8% to $6.35 billion primarily because of store closings and a drop in front-of-the-store sales.
The loss was smaller than analysts had expected.
Dec 17 · 11:41:00 AM · Source: Company News
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by Larry Etter
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