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Del Monte Boosts Dividend by a Penny (DLM)
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Del Monte Boosts Dividend by a Penny (DLM)
Food maker Del Monte Foods Company ( DLM ) on Friday boosted its regular quarterly dividend payout by one penny per share. The 25% increase brings the company’s dividend payout to 5 cents per share. The dividend will be payable on August 6 to shareholders of record as of July 23. Del Monte shares were flat in Friday morning trading. The Bottom Line We have avoided shares of DLM since our early June coverage began, when the stock was trading at $7.46. The company will now hav
Walgreen’s 3Q Misses, Shares Slip – Zacks Tale of the Tape
Walgreen Co. ( WAG ) reported fiscal third-quarter earnings of 53 cents per share, missing the consensus forecast by 3 cents despite higher sales. Revenue expanded 8% to $16.2 billion, while same-store sales grew 3%. The company said prescription sales, which comprised nearly 66% of revenue, increased 8%. Walgreen also said that it launched 162 new drugstores in the quarter, compared to 122 in the year-ago period. The consensus estimate for the year ending August 2009 declined by a p
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