Dividend Changes: Yamana Gold, PetSmart, Host Hotels and Resorts, Kohlberg Capital Corporation
Yamana Gold, Inc. (NYSE:AUY) announced that the Board of Directors has approved a $0.04 increase in the company’s annual dividend to 26c per share beginning in Q3 of 2012. This represents an 18% increase from the second quarter dividend and a 117% increase in dividends from levels in place a year ago. Effective in Q3 of 2012, shareholders of record on the established record date that will be determined on formal declaration of the dividend will receive 6.5c per share.
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PetSmart, Inc. (NASDAQ:PETM) announced the Board of Directors’ approval to increase its quarterly dividend by 18% from 14c to 16.5c per share beginning in Q2, which will be paid on August 10 to stockholders of record at the close of business on July 27.
Host Hotels & Resorts Inc. (NYSE:HST): The board authorized a quarterly cash dividend of 7c per share on the company’s common stock. The dividend is payable on July 16 to stockholders of record on June 29.
Kohlberg Capital Corporation (NASDAQ:KCAP): The Board of Directors of Kohlberg Capital approved a six cents increase in the quarterly cash dividend to $0.24 per share of common stock for the quarter ended June 30. The dividend is payable on July 27 to shareholders of record at the close of business as of July 6. “The increase in our dividend is attributable in large part to our acquisition of Trimaran Advisors, L.L.C. in February 2012 and validates our belief that the transaction would be immediately beneficial to our shareholders,” said Dayl W. Pearson, the CEO of Kohlberg Capital.
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