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Daily Dividend Report: ALSK, PCG, WSM, MSM, CVBF
Thursday, December 22, 3:40 PM ET

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.

For MarketNewsVideo.com, I'm Sayoko Murase.

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