Lorillard Incorporated (LO) maintained its quarterly dividend of 1 dollar and 30 cents per share. The dividend is payable on September 12, 2011 to stockholders of record as of September 1, 2011. The Company's Board of Directors also approved a new share repurchase program, authorizing the Company to repurchase in the aggregate up to $750 million of its outstanding common stock.
Shares are higher by about nine tenths of a percent.
In other dividend news, United Parcel Service Incorporated (NYSE:UPS) maintained its quarterly dividend of 52 cents per share. Ace Limited Switzerland (NYSE:ACE) maintained its monthly dividend of 35 cents per share. Transocean (NYSE:RIG) maintained a dividend of 79 cents per share. Broadcom Corporation (BRCM) maintained its quarterly dividend of 9 cents per share.
Among dividend increases, Torchmark Corporation (NYSE:TMK) announced its quarterly dividend of 12 cents per share, an increase of about 9% over its prior dividend in May of 11 cents. Badger Meter Incorporated (NYSE:BMI) announced its quarterly dividend of 16 cents per share, an increase of about 14% over its prior dividend in May of 14 cents.
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