MarketWatch reports that BorgWarner has announced it will stop paying its quarterly dividend temporarily, until global economic conditions become more favorable. According to Timothy Manganello, chairman and CEO, BorgWarner will start return to paying its .12/share quarterly dividend "as soon as the automotive industry returns to a normalized level of activity."… Read the rest
Tag Archives: dividends
FPL Group, Inc (FPL) Raises Dividend
If you own shares of FPL group, one the country’s largest wind-power producers, here’s some good news for you: MSNBC reported that the company is raising its quarterly dividend by 6% . The new dividend, effective Friday, February 13th, is 47.25 cents per share. Last quarter, it was 44.5 cents per share. Also, FPL shares rose .51 during Friday afternoon trading, to $51.13. … Read the rest
Converted Organics (COIN) Issues Dividend
Converted Organics announced yesterday that it would grant shareholders a dividend of 3 shares of common stock for each 20 shares of common stock. Dividends will be paid to all shareholders who have at least 20 shares of the stock on November 17, 2008 and will be paid December 1st, 2008.
According to Edward Gildea, President of Converted Organics,
… Read the rest"Converted Organics believes that the current price of its common stock does not reflect the long-term