Today, Ameristar Casinos (NASDAQ:ASCA) announced a quarterly cash dividend of ten and a half cents per share. The company has maintained this dividend amount since the beginning of 2008 and has been increasing their dividend for the past five years.
Despite the positive dividend announcement, shares of Ameristar were trading sharply lower, off almost five percent in afternoon trading.
In other dividend news, Goldcorp (GG) maintained its monthly dividend of 1.5 cents per share. Spectra Energy (NYSE:SE) maintained its quarterly dividend of 25 cents per share. And chemical products manufacturer, Celanese (NYSE:CE), maintained its quarterly dividend of 4 cents per share.
Among dividend increases, Sabine Royalty Trust (NYSE:SBR) announced its monthly dividend of about 29 cents per share, an increase of approximately 59% over its prior dividend in June of 18.3 cents.
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