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Strategies & Market Trends : Dividend investing for retirement

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To: Triffin who wrote (13937)	1/25/2013 8:59:01 AM
From: Triffin	Read Replies (1) of 34328

BEAM boosts dividend payout by 10% .. ===== Beam Inc. ( BEAM), a leading global premium spirits company, today announced that its board of directors approved a 10% increase in the indicated annual dividend rate on the company’s common stock. The dividend will increase 8 cents per share to an annual rate of $0.90 (payable 22.5 cents per quarter) from $0.82 per share (20.5 cents per quarter). The company also declared a regular dividend for the first quarter of 22.5 cents per share, which will be payable on March 1, 2013 to shareholders of record at the close of business on February 6, 2013. “Even as Beam continues to see substantial high-return opportunities to build our brands and create long-term shareholder value, we also return immediate value to shareholders with an attractive dividend,” said Matt Shattock, president and chief executive officer of Beam. “Our long-term target is to sustain an earnings payout ratio of approximately 35-40%, and this double-digit increase in the dividend reflects the Board’s and management’s confidence in our prospects to deliver sustainable, profitable long-term growth.” ===== Triff ..

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