Jim Trippon CPA

TD Ameritrade Could Eventually Pay A Dividend

Online broker TD Ameritrade (Nasdaq: AMTD) is sitting on a war-chest of $1.1 billion in cash and the company currently does not pay a dividend. That could change for the second-largest discount brokerage, but not before the end of its fiscal year in September. TD Ameritrade said it could use some of that cash for acquisitions, buybacks and dividends.

International Speedway Races To Higher Dividend

International Speedway (Nasdaq: ISCA) boosted its annual dividend to 16 cents a share from 14 cents. The new dividend will be payable on June 30th to shareholders of record on May 31st. International Speedway operates 13 NASCAR tracks. The company has raised its dividend for the past five years and the payout has more than doubled since being initiated in 1997.

Lower Profit Doesn't Hold People's United Dividend Back

People's United Financial (Nasdaq: PBCT), the New England regional bank, saw its quarterly results held back a bit by some merger and acquisition related expenses, but the bank still raised its annual dividend by a penny a share to 62 cents a share. The new dividend will be payable May 15th to shareholders of record on May 1st. The shares will yield almost 3.8% when factoring in the new dividend.

Parker Hannifin Joins The Party

Industrial products maker Parker Hannifin (NYSE: PH) raised its quarterly dividend to 26 cents a share from 25 cents. The new payout will be paid on June 4th to shareholders of record on May 20th. This is the company's first dividend hike since the third quarter of 2008. The shares will yield 1.5% when including the new dividend.