Payouts Unfazed by Market Turmoil

Good news was in short supply last week amid the stock market's tumble, with one notable exception -- dividends. Take the Big Board transportation duo of Penske Automotive Group and Winnebago Industries. Penske had suspended dividends in February 2009. It resumed them in May 2011 at seven cents...

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Veröffentlicht in:Barron's 2014-10, Vol.94 (42), p.48
1. Verfasser: Lazo, Shirley A
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description Good news was in short supply last week amid the stock market's tumble, with one notable exception -- dividends. Take the Big Board transportation duo of Penske Automotive Group and Winnebago Industries. Penske had suspended dividends in February 2009. It resumed them in May 2011 at seven cents a share and has revved them up by a penny every quarter since. Penske's shares hit a 52-week low of $36.36 on Wednesday, although they gained 1.2% on the day. For its part, Winnebago, which had discontinued its 12-cent-a-share dividend in October 2008, resumed payouts last Wednesday at the rate of nine cents.
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source Alma/SFX Local Collection
subjects Automobile dealers
Corporate profits
Dividends
Investment policy
Manufacturers
Securities markets
title Payouts Unfazed by Market Turmoil
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