Dividend stocks to watch: A number of large enterprises reported third quarter earnings better than expected on Tuesday. It is reported that Spain is considering to apply for a line of credit to the new EU rescue mechanism. The U.S. stock market ended higher with the Dow up 0.95%, the Nasdaq gaining1.21% and the Standard & Poor’s 500 index rising 1.03%. A group of companies also declared quarterly dividends. The first one of the dividend stocks came in our eyes is Calumet Specialty Products Partners, L.P (CLMT), a provider of specialty hydrocarbon and fuel products; the company also produces asphalt and a range of other by-products. The company on Tuesday announced its quarterly cash dividend of $0.62 per unit for the quarter ended September 30, 2012, which is payable on November 14, 2012 to unitholders of record of the close of business on November 2, 2012. This upcoming distribution is 5.1% higher than the payout amount for the previous quarter and 24.0% above the third quarter of 2011. On the back of the dividend announcement, CLMT stock price soared 5.92%, to $30.79. Based on the latest CLMT stock price, the company pays dividends at an annualized yield of 8.05%.
Whirlpool Corporation (WHR) is engaged in the production and sale of home appliances. The company declared a quarterly dividend of 50 cents per share which is payable on December 15, 2012, to stockholders of record on November 16, 2012. WHR stock price rose 0.89% to $84.85 today. On the basis of the latest WHR stock price, the company rewards investors at an annualized dividend yield of 2.36%.
Mattel, Inc. (MAT) is a producer of toys which are sold worldwide. Mattel’s board of directors declared a fourth quarter cash dividend of $0.31 per share, which will be made on December 14, 2012, to stockholders of record as of the business close on November 28, 2012. MAT stock price spiked 8.04% to $37.20 on the back of its good financial results and the quarterly dividend announcement today. This dividend amount reflects an annualized dividend yield of 3.33% on the basis of the latest MAT stock price, and is up 35% from a year ago’s total dividend.
Several financial companies among the dividend stocks also declared quarterly dividends. Lakeland Bancorp, Inc. (LBAI) is a bank holding company of Lakeland Bank. The company primarily provides commercial loans and leases, real estate and consumer loans to small and medium-sized businesses, professionals and individuals. The company intends to return shareholders of record on October 31, with a quarterly cash dividend of $0.07 per share on November 15. This quarterly dividend represents a rise of $0.01 per share compared to the prior quarter. LBAI stock price slid 0.47% to $10.63 on Tuesday. The company currently yields at 2.26% annually, according to the latest LBAI stock closing price.
Interactive Brokers Group, Inc. (IBKR) is a electronic broker and market maker specializing in routing orders and executing and processing trades in multiple investments worldwide. The company announced its this quarter profit decline and declared a cash dividend of $0.10 per share, payable on December 14, 2012 to shareholders of record as of November 30, 2012. IBKR stock price edged up 0.28% to $14.27. Based on the latest INKR stock price, shareholders receive an annualized dividend at a yield of 2.80% from the company.
Park National Corporation (PRK) is a Newark, Ohio-based bank holding company for The Park National Bank and SE Property Holdings, LLC. The company declared a cash dividend of $0.94 per share which will be paid on December 7, 2012 to common shareholders of record as of November 23, 2012. PRK stock price faded down 1.14%, to $67.64 Tuesday. On the basis of the latest PRK stock price, the annualized dividend yield of Park National Corporation is 5.56%.
Banco Latinoamericano de Comercio Exterior, S.A,(BLX) a supranational bank established by central banks of Latin American and Caribbean countries, is engaged in providing trade financing to selected commercial banks and corporations. The bank plans to pay a third quarter cash dividend of $0.30 per share on November 1, 2012 to the stockholders as of the October 26, 2012 record date. BLX stock price gained 0.49% to $22.58. The company yields at 5.31% on an annualized basis, calculating the latest BLX stock closing price.