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(Daniel Acker/Bloomberg)
Discover Financial Services reported a $465 million quarterly profit on Tuesday and raised its quarterly dividend by 4 cents per share, as losses on bad loans fell.
The credit card lender and processing network earned 84 cents per share in its fiscal first quarter, ended February 28. That compared with a year-ago loss of $104 million, or 22 cents per share. Get the full story »
Drug and medical device maker Baxter International Inc. said Tuesday that its board declared a quarterly dividend of 31 cents per share.
The Deerfield-based company said the dividend is payable April 1 to shareholders of record as of the close of business March 10. Get the full story »
Intel Corp. plans to boost its quarterly dividend by 15 percent, sending its shares higher as investors saw the move as a signal that the world’s largest chipmaker is on track for healthy growth.
The dividend will increase to 18 cents, beginning in the first quarter of 2011. Get the full story »
Insurers Allstate Corp. and Prudential Financial announced plans to return cash to shareholders Tuesday with a stock buyback plan and dividend increase, respectively. Get the full story »
The Federal Reserve is expected soon to allow some healthy banks with strong capital levels to increase dividend payments, according to people familiar with the decision.
The updated guidance from the Fed is likely a few weeks away. The Fed is expected to take a conservative approach in deciding which banks can increase dividends and assess each bank individually, according to a person familiar with the matter. Get the full story »
In a series of moves that pave the way for an IPO and strengthen its finances, General Motors Co. said on Thursday it would repay $2.1 billion to U.S. taxpayers and make early payments to pension and retiree health plans.
The announcement comes just days before bankers are expected to begin a road show for potential investors in an initial public offering that would allow the U.S. government to start to reduce its stake in the top U.S. automaker.
Get the full story »
At Sara Lee’s annual meeting Thursday morning, the Downers Grove-based company offered no update on its search for a chief executive and declined to comment on the possible sale of its bread business.
The company did declare a regular quarterly dividend of $0.115 per share, up 4.5 percent, bringing the annual dividend to 46 cents. Get the full story »
