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
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%.
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%.
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