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Southwest Airlines boosts dividend, delays delivery of planes to cut short-term spending

The Canadian PressMay 15, 2013 14:38

DALLAS - Southwest Airlines Co. is delaying delivery of new airplanes and filling the gap with used planes to reduce spending over the next five years. It's also raising its dividend and could soon buy back more of its own shares. Southwest said Wednesday that it will delay 30 firm orders for Boeing 737 jets, which CEO Gary Kelly said would cut capital spending through 2018 by more than $500 million. The airline is also giving up or delaying options for additional planes.

Commerzbank to raise 2.5 bn euros in capital hike

Agence France-PresseMay 14, 2013 03:15

Commerzbank, Germany's second-biggest bank, said Tuesday the subscription price for new shares in its planned capital increase has been set at 4.50 euros ($5.85) apiece, meaning it stands to raise up to 2.5 billion euros in all. Commerzbank said in a statement that it is issuing a total 555.5 million new shares. The capital increase is taking the form of a so-called rights issue where existing shareholders can apply for the new shares. For every 21 shares held, shareholders can apply for 20 new shares, the statement said.

Premium Brands Q1 profit holds steady compared with year ago, sales up

The Canadian PressMay 11, 2013 10:32

VANCOUVER - Speciality food company Premium Brands Holdings Corp. (TSX:PBH) reported Thursday its first-quarter profit held about steady compared with a year ago as sales improved. The company said it earned nearly $1.2 million or six cents per diluted share in the quarter ended March 30 compared with a profit of nearly $1.2 million or five cents per diluted share a year ago. Revenue totalled $229.2 million, up from $216.4 million in the first quarter of 2012.

Lassonde Industries boosts dividend Q1 profits rise 3% to almost $5.9M

The Canadian PressMay 10, 2013 17:45

ROUGEMONT, Que. - Lassonde Industries Inc. (TSX:LAS.A) has posted a three per cent increase in first-quarter profit and says it will boost its quarterly dividend by eight cents to 39 cents per share. The Quebec-based maker of fruit and vegetable juice drinks says net income attributable to shareholders was $5.85 million or 84 cents per share. That was up from $5.68 million, or 81 cents in the same 2012 period. Revenue rose to $240.6 million from $233.4 million, primarily driven by higher private label sales and higher sales volumes for national brands.

Telus increases quarterly dividend, reports first-quarter profit up

The Canadian PressMay 9, 2013 14:00

MONTREAL - Telus Corp. (TSX:T) raised its quarterly dividend Thursday and reported an increase in first-quarter profits from a year ago, helped by higher revenue. The Vancouver-based telecommunications company said it will pay a quarterly dividend of 34 cents, up from 32 cents and also announced it will spend up to $500 million to buy back up to 15 million of its shares this year. The company has set a target of semi-annual increases of its dividend of around 10 per cent annually.

OfficeMax shares up as special dividend outweighs profit miss

Thomson ReutersMay 7, 2013 13:41

(Reuters) - OfficeMax Inc <OMX.N> reported a lower-than-expected quarterly profit on Tuesday, hurt by continued weak sales of technology products and fewer shoppers visiting its stores, although it announced a special dividend of $1.50 per share. Its shares rose 10 cents to $11.85 in premarket trading. OfficeMax also said that sales continued to decline in April, yet were slightly better than in the first quarter. It expects sales to decline both this quarter and this year.

Australia's Westpac posts record first-half profit

Agence France-PresseMay 3, 2013 19:00

Australian heavyweight Westpac Banking Corporation Ltd. on Friday reported a better-than-expected 11 percent increase in first-half net profit to a record Aus$3.3 billion (US$3.4 billion) as it chases growth. The country's second largest bank by market capitalisation said cash earnings, the preferred measure which strips out volatile items, were up 10 per cent to Aus$3.53 billion against the first half last year. Analysts had forecast cash profit of Aus$3.47 billion for the six months to March 31.

Pulp and paper company Domtar increases quarterly dividend to shareholders

The Canadian PressMay 1, 2013 11:30

MONTREAL - Domtar Corp. (TSX:UFS) said Wednesday it will increase its quarterly dividend. The pulp and paper company said it will now pay 55 cents per share, up from 45 cents, starting with its July 15 payment to shareholders of record on June 14. Domtar shares were down six cents at $69.92 on the Toronto Stock Exchange in morning trading Wednesday, meaning the increased dividend would produce an annual yield of about 3.1 per cent.

Extendicare cuts monthly dividend to four cents per share from seven cents

The Canadian PressApril 29, 2013 15:45

MARKHAM, Ont. - Extendicare Inc. (TSX:EXE) said Monday it was cutting its monthly dividend to four cents per share from seven cents per share starting with its May dividend. The company said the dividend cut was due to changes in the U.S. operating environment including significant cuts in government funding, increases in alternative care and increased regulation.

Nvidia says to return $1 billion to shareholders this fiscal year

Thomson ReutersApril 11, 2013 14:30

SAN FRANCISCO (Reuters) - Nvidia Corp plans to return $1 billion (649.5 million pounds) to shareholders this fiscal year via dividend payments and share buybacks, the company said in a Thursday announcement that helped its shares trim earlier losses. Shares in the chipmaker slid as much as 4 percent after it told investors at its annual analysts' day that it expects its mobile processor business to remain flat this year. They recovered after the buyback news, and were down just 0.5 percent at $12.77 in the afternoon.