Friday, January 23, 2009

Do You Want Passive Income?

List of 6 Stocks Paying Dividends

Add these stocks to your Watch List. The market is down and dividend stocks are at bargain prices.

City National (CYN) declared a quarterly cash dividend of 25 cents per share, down from 48 cents it had previously paid. This stock once sold for $71.50 and recently closed at $32.99.

Federated Investors Inc (FII) said it will pay a quarterly dividend of 24 cents per share next month to shareholders of record on Feb. 6th. Federated Investors paid a special dividend of $2.76 in September. This stock once sold for $45.01 and recently closed at $19.48.

Heritage financial (HBOS) declared a quarterly cash dividend of $.08 per share from $.07 per share paid last year. The dividend would be payable on February 20, 2009 to shareholders of record as of February 6, 2009. This stock once sold for $12.99 and recently closed at $8.40.

Southern Community Financial Corporation (SCMF) announced that its Board of Directors, at its regular meeting on January 21, 2009, declared a quarterly cash dividend of four cents (.04) per share on the Corporation's common stock. The dividend is payable on February 27, 2009 to shareholders of record as of the close of business on February 13, 2009. This is the Corporation's sixteenth consecutive quarterly dividend, following its former practice of annual cash dividends. This stock once sold for $7.89 and recently closed at $3.87.

Sun Trust (STI) said it has cut its quarterly dividend to 10 cents a share from 54 cents a share until the economic environment and earnings outlook improve. The back-to-back dividend cuts are the first in recent memory for the regional bank. This stock once sold for $70.00 and recently closed at $14.97.

Wells Financial Corp (WEFP) declared a $.26 per share cash dividend, payable on February 24, 2009 to shareholders of record on February 10, 2009. This is the thirteenth consecutive quarter that the Company has paid a $.26 dividend.

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