The company made its first profit in 2006 and paid its first dividend, totalling £2m, in 2010.
Alcan said it would exchange 17.1 of its common shares, plus a cash payment and special cash dividend totaling 225 Swiss francs, or about $133, for every Algroup share.
The companies added that they had agreed to pay themselves a dividend totaling 2 billion kronor from ICA, of which Ahold would receive 1.2 billion kronor.
Endesa, the Spanish power company trying to fend off a hostile bid from Gas Natural of Spain, said yesterday that it would offer a dividend totaling 2.54 billion euros ($3.07 billion) to shareholders, as it reported a surge in profits.
The automaker's shares rose $3.88 today, to $57.06, although experts said the increase mainly reflected a continued reaction to the company's announcement on Friday that it would spin off its auto parts subsidiary, the Visteon Corporation, and pay a special dividend totaling $10 billion.
Shares of Ford rose $4.8125, to $57.0625, although experts said the increase mainly reflected a continued reaction to the company's announcement on Friday that it would spin off its auto parts subsidiary, Visteon, and pay a special dividend totaling $10 billion.
The deal won't show much zip on the opening or in early trading, but the hook for investors is that the company plans to offer a dividend totaling $2 per year per unit.
Dividends total $1,245 (Line 6).
Even with its 3% sales load, the Low-Priced Stock Fund handily beat the -12%, including reinvested dividends, total return of the S&P 500 last year.
