Stewart Enterprises (STEI) Raises Quarterly Dividend 16.7% to $0.14; 8.1% Yield; Raises Buyback by $25M
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Stewart Enterprises, Inc. (NASDAQ: STEI) declared a quarterly dividend of $0.14 per share, or $0.56 annualized. This is a 16.7% increase from the prior dividend of $0.12.
The dividend will be payable on July 28, 2011, to stockholders of record on July 14, 2011, with an ex-dividend date of July 12, 2011.
The annual yield on the dividend is 8.1 percent.
Also today, the Company announced that its Board of Directors has increased the Company's $75 million stock repurchase program by $25 million to $100 million.
The dividend will be payable on July 28, 2011, to stockholders of record on July 14, 2011, with an ex-dividend date of July 12, 2011.
The annual yield on the dividend is 8.1 percent.
Also today, the Company announced that its Board of Directors has increased the Company's $75 million stock repurchase program by $25 million to $100 million.
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