American Eagle Outfi (NYSE:AEO) board of directors has declared a cash dividend of $1.50 per share along with its normal quarterly dividend of 11c per share. The complete cash dividend of $1.61 will be payable on October 10, 2012, to stockholders of record as of September 26, 2012. The shares closed at $23.46, up $0.75 or 3.3% on the day. They have traded in a 52-week range of $10.52 to $23.17.
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Agrium Inc. (NYSE:AGU): The U.S. Department of Agriculture reduced its soybean production forecast to 2.634 billion, a reduction of 58 million, bushels because of lowered yields in the Midwest, states its monthly World Agricultural Supply and Demand Estimates report. The USDA stated that U.S. oilseed production for 2012-2013 is expected to drop 1.4 million from last month, at 82 million tons, while the lower soybean and cottonseed production has been offset a bit by the rise for peanuts. The USDA predicted that 2012-2013 corn supplies will be 108 million bushels more than its most recent report, as a rise in expected beginning corn stocks offsets reducted production this month. The USDA believes that the range for corn season-average farm price has been reduced 30c on both ends of its range to $7.20-$8.60 per bushel. The shares closed at $103.33, up $1.78 or 1.75% on the day. They have traded in a 52-week range of $60.15 to $102.78.
Briggs & Stratton (NYSE:BGG): Todd Teske, Chief Executive Officer of Briggs & Strattong, and Thomas Savage, Senior Vice President Corporate Development, both entered into individual stock trading plans in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. Teske told the company that beneath his trading plan he plans to sell 83,972 shares of stock which are to be issued because of the exercise of stock options expiring during August 2013. Savage told the company that beneath his trading plan he plans on selling 53,330 shares of stock issued because of the exercise of stock options expiring during August 2013. The shares closed at $19.26, up $0.16 or 0.84% on the day. They have traded in a 52-week range of $12.36 to $19.10.
General Electric Com (NYSE:GE): The decision by MetLife (NYSE:MET) to sell its banking business to General Electric (NYSE:GE) is now even more behind schedule, while regulators keep questioning GE’s plans for the unit, according to the Wall Street Journal. Sources claim that the FDIC’s board met on Tuesday, but did not make any actions concerning the deal. The shares closed at $21.89, up $0.3 or 1.39% on the day. They have traded in a 52-week range of $14.02 to $21.69.
Cgi Group (NYSE:GIB): Logica, which is currently part of CGI Group, and ISS, a top provider of facility services, announced that it entered into a new partnership that will end in CGI delivering outsourcing services to make ISS’s IT flexibility and agility better. Logica was chosen by ISS as its IT Infrastructure and Operations partner to span the Nordic area to provide both infrastructure and IT service to 45,000 ISS employees in the Nordic area, and it is to include the provision of both server operations and workstation support. The shares closed at $27.34, up $0.11 or 0.4% on the day. They have traded in a 52-week range of $16.51 to $27.37.
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