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CDTV.net Stock Market News and Dividend Report for Thu May 6, 2010

Posted, by cdtvdotnet on May 6th, 2010

The dow plunge almost 1,000 before settling at down 347.80. The dow closed at 10,520 on concerns about Greece.
Devon Energy Corporation (NYSE: DVN) reported, excluding items, eps of $1.85 compared with a loss of -$8.92 per common share last year. analysts average $1.47. DVN beats by $0.38.

Net earnings of $1.2 billion for the quarter ended March 31, 2010. This compares with a first-quarter 2009 net loss of $4.0 billion.

The board of directors authorized the repurchase of up to $3.5 billion of the company’s common stock with plans to begin purchasing shares immediately.

Devon Energy Corporation is an Oklahoma City-based independent energy company
The J. M. Smucker Company (NYSE: SJM) Board of Directors approved an increase in the quarterly dividend from $0.35 to $0.40 per common share. The dividend is payable on Tuesday, June 1, 2010, to shareholders of record at the close of business on Friday, May 14, 2010.

The J. M. Smucker Company engages in the manufacture and marketing of branded food products in the United States, Europe, and Canada.
CenterPoint Energy, Inc.'s (NYSE: CNP) board of directors declared a regular quarterly cash dividend of $0.195 per share of common stock payable on June 10, 2010, to shareholders of record as of the close of business on May 14, 2010.

CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company.
The boards of directors of Wisconsin Energy Corporation (NYSE: WEC) declared a quarterly dividend of 40 cents a share on the company's common stock. The dividend is payable June 1, 2010, to stockholders of record on May 14, 2010.

Wisconsin Energy Corporation (NYSE: WEC), based in Milwaukee, is one of the nation's premier energy companies.
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Disclosure: No positions

Authored by, cdtvdotnet
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