Darden Restaurants Incorporated (NYSE:DRI) announced its quarterly dividend of 43 cents per share, an increase of about 34% over its prior dividend in April of 32 cents. The dividend is payable on August 1, 2011 to shareholders of record at the close of business on July 11, 2011. The company also announced a 23 Percent increase in fourth quarter diluted net earnings per share and a 19 percent increase in fiscal year diluted net earnings per share.
Shares are higher by over six percent in afternoon trading.
In other dividend news, Freeport-mcmoran Copper & GO (NYSE:FCX) maintained its quarterly dividend of 25 cents per share. Spectra Energy Corporation (NYSE:SE) maintained its quarterly dividend of 26 cents per share.
Among dividend increases, Bank of the Ozarks Incorporated (NASDAQ:OZRK) announced its quarterly dividend of 19 cents per share, an increase of about 6% over its prior dividend in April of 18 cents. Computer Services Incorporated (CSVI) announced its quarterly dividend of 12.5 cents per share, an increase of about 14% over its prior dividend in May of 11 cents.
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