Xyratex Limited (XRTX) announced its quarterly dividend of 7.5 cents per share, an increase of about 15% over its prior dividend in February of 6.5 cents. Shares slumped, however, the company forecast lower second-quarter results.
Shares are lower by about 10 percent.
In other dividend news, Best Buy Incorporated (NYSE:BBY) maintained its quarterly dividend of 16 cents per share. Mens Wearhouse Incorporated (MW) maintained its quarterly dividend of 18 cents per share. Sun Communities Incorporated (NYSE:SUI) maintained its quarterly dividend of 63 cents per share. Banner Corporation (NASDAQ:BANR) maintained its quarterly dividend of 1 cent per share.
Among dividend increases, Cascade Corporation (NASDAQ:CASC) announced its quarterly dividend of 35 cents per share, an increase of about 40% over its prior dividend in December of 25 cents.
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.