Among dividend reductions, Alaska Communications Systems Group Incorporated (NASDAQ:ALSK) announced its quarterly dividend of 5 cents per share, a decrease of about 77% from its prior dividend in September of 21.5 cents. Its former 86-cent dividend provided a yield of about 19.6%; shareholders can now expect to receive a yield of only about 6 percent. The move was done to save money, and the dividend will be payable on January 18, 2012 to shareholders of record as of December 30, 2011.
Shares are lower by over 25 percent.
In other dividend news, PG&E Corporation (NYSE:PCG) maintained its quarterly dividend of 45.5 cents per share. Williams Sonoma Incorporated (NYSE:WSM) maintained its quarterly dividend of 17 cents per share. MSC Industrial Direct Incorporated (NYSE:MSM) maintained its quarterly dividend of 25 cents per share. CVB Financial Corporation (NASDAQ:CVBF) maintained its quarterly dividend of 8.5 cents per share.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.