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CDTV.net Stock Market News and Dividend Report for Mon Jun 7, 2010

Posted, by cdtvdotnet on June 7th, 2010

The Coca-Cola Company (NYSE: KO) has entered into an agreement with Dr Pepper Snapple Group, Inc. (NYSE: DPS) to distribute certain DPS brands subject to the completion of The Coca-Cola Company’s acquisition of CCE’s North American bottling business.

Under the terms of its new agreements with DPS, The Coca-Cola Company will make a one-time cash payment of $715 million to distribute Dr Pepper and certain other DPS brands in U.S. and Canada territories where they are currently distributed by CCE.

The new license agreement will have an initial term of 20 years, with 20-year renewal periods.

The Coca-Cola Company (NYSE: KO) is the world’s largest beverage company.
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Progress Energy (NYSE: PGN) board of directors declared a dividend on the company's common stock. The quarterly dividend of 62 cents per share is payable Aug. 2, 2010, to shareholders of record as of July 12, 2010. This represents a total annual dividend of $2.48 per share.

Progress Energy (NYSE: PGN), is a Fortune 500 energy company with more than 22,000 megawatts of generation capacity and approximately $10 billion in annual revenues.
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The MDU Resources Group (NYSE: MDU) board of directors declared quarterly dividends on the company’s common stock. The dividend for common stock is 15.75 cents per share, unchanged from the previous quarter. The dividends are payable July 1, 2010 to stockholders of record June 10, 2010.

MDU Resources Group Inc. operates as a natural resource company in the United States.
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National Oilwell Varco, Inc. (NYSE: NOV) Board of Directors declared the regular quarterly cash dividend of $0.10 per share of common stock, payable on June 25, 2010 to each stockholder of record on June 11, 2010.

National Oilwell Varco, Inc. designs, constructs, manufactures, and sells systems, components, and products used in oil and gas industries.
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