Dividend Changes to Know Now: Ingersoll-Rand, PMC Commercial Trust, Cardinal Financial, ABM Industries
Ingersoll-Rand Plc (NYSE:IR): Ingersoll-Rand announces 31% increase in quarterly dividend to 21c per share. The dividend is payable March 28, 2013 to shareholders of record on March 12, 2013. Upon completion of the transaction, Ingersoll Rand and the new security company are initially expected to pay a combined quarterly dividend approximately equal in sum to the Ingersoll Rand dividend at the time of the closing.
PMC Commercial Trust (AMEX:PCC): PMC Commercial Trust cuts quarterly dividend to 12c from 16c. The dividend is payable on January 7, 2013 to shareholders of record on December 31.
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Cardinal Financial Corp. (NASDAQ:CFNL): Cardinal Financial increases quarterly dividend to 5c per share. Cardinal Financial announced that its Board of Directors has declared an accelerated 1Q13 cash dividend and increased it to 5c per share. This 1c per share increase reflects a 25% increase from the previous quarter. This dividend will be paid on December 28 to shareholders of record as of the close of business on December 17.
ABM Industries Inc. (NYSE:ABM): ABM increases dividend 3.4% to 15c per share. The company announced that the board of directors has declared a Q1 cash dividend of 15c per common share – which is a 3.4% increase – payable on December 28 to stockholders of record on December 21.
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