Dividend Changes on the Week: Vanguard Natural Resources, Bank of Marin Bancorp, Rayonier, Lindsay Corporation, Williams Partners
Vanguard Natural Resources, LLC (NYSE:VNR) announces increase in quarterly dividend to 60c per share. Vanguard Natural Resources announced that its board of directors has declared a cash distribution attributable to the second quarter of 2012 of 60c per unit — $2.40 on an annual basis — payable on August 14, 2012 to unitholders of record on August 7, 2012. This represents an approximate 4.3% distribution increase from the second quarter of 2011 and a 1.3% distribution increase from the first quarter of 2012.
Bank of Marin Bancorp (NASDAQ:BMRC) says raised quarterly dividend 1c to 18c per share. On July 19, 2012, the Board of Directors declared a quarterly cash dividend of 18c per share, a 1c increase from the prior quarter. The cash dividend is payable to shareholders of record at the close of business on August 2, 2012 and will be payable on August 10, 2012.
Rayonier Inc. (NYSE:RYN) increases quarterly dividend 10% to 44c per share. The third quarter dividend is payable Sept. 28, 2012, to shareholders of record on Sept. 14, 2012. This is the company’s eighth dividend increase in the last ten years.
Lindsay Corporation (NYSE:LNN) increases dividend 28% to 11.5c. Lindsay announced that its Board of Directors has declared a 28% increase in its regular quarterly cash dividend to 11.5c per share, payable August 31 to shareholders of record on August 17. The regular quarterly cash dividend was previously 9c per share. The new annual indicated rate is 46c per share, up from the previous annual indicated rate of 36c per share.
Williams Partners L.P. (NYSE:WPZ) increases dividend 8.2% to 79.25c. Williams Partners announced that the regular quarterly cash distribution its unitholders receive has been increased to 79.25c per unit. The board of directors of the partnership’s general partner has approved the quarterly cash distribution, which is payable on Aug. 1 to unitholders of record at the close of business on Aug. 3. The new per-unit amount is an 8.2% increase over the partnership’s distribution of 73.25c per unit that was paid in August 2011.
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