Monday, November 19, 2007

Nike And Lancaster Colony Increase Dividend

Both Nike (NKE) and Lancaster Colony (LANC) recently announced dividend increases.

Nike

Last week, Nike (NKE) announced it will increase its quarterly dividend 24.3% to 23 cents per share. This compares to 18.5 cents per share in the same quarter last year. The estimated payout is 28% based on May 2008 estimated earnings of $3.30. The five year historical payout ratio is approximately 19%.

Nike dividend analysis November 2007
Nike Stock Chart November 2007

Lancaster Colony

Today, Lancaster Colony (LANC) announced it will increase its quarterly dividend 3.7% to 28 cents per share. This compares to 27 cents per share in the same quarter last year. The projected payout ratio will be 52% based on June 2008 estimated earnings of $2.17. The five year historical payout ratio is 42%.

Lancaster Colony dividend analysis November 2007
Lancaster Colony stock chart November 2007


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