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BUSINESS
By Hanah Cho, The Baltimore Sun | September 17, 2010
Five Maryland-based banks that received bailout money missed dividend payments to the federal government in August, according to data compiled by SNL Financial. They were among 115 banks and thrifts across the country that did not make the August payments, said SNL Financial in a report released Friday. In Maryland, Patapsco Bancorp in Dundalk; Rising Sun Bancorp in Cecil County; Cecil Bancorp in Elkton; Harbor Bankshares in Baltimore, and Maryland Financial Bank in Towson deferred the most recent quarterly payments.
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SPORTS
By Aaron Wilson and The Baltimore Sun | October 2, 2014
In a frenetic era of football where the hurry-up offense tends to be all the rage, the Ravens have adopted more of an old-school approach. The Ravens haven't entirely scrapped the no-huddle offense under new offensive coordinator Gary Kubiak, but it's definitely been reduced to something they do more out of necessity -- it's not a heavy chunk of their base offense. That's in stark contrast to a year ago when former offensive coordinator Jim Caldwell devoted many of his game plans to the no-huddle in an effort to spark a stagnant offense that finished 29th in the NFL last season.
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BUSINESS
By Eileen Ambrose, The Baltimore Sun | April 23, 2013
Legg Mason Inc. on Tuesday announced a quarterly divided of 13 cents per share, an 18 percent increase. The Baltimore-based money manager said the dividend will be paid on July 8 for those who are shareholders as of June 11.
NEWS
August 4, 2014
How would you like to receive a quarterly check from the federal government? Most taxpayers would surely be happy with such an arrangement. But here's the really good part: What if by accepting that check you were also helping your country reduce a form of air pollution that is a threat to human health and responsible for climate change while simultaneously developing a rational, sustainable energy policy? That sounds too good to be true, but remarkably, it may not be. Under The Healthy Climate and Family Security Act introduced last week by Maryland Rep. Chris Van Hollen, companies that drill for oil and gas or mine for coal would have to purchase through auction a permit to do so. Not a dime of the resulting revenue would be kept by the government but would simply be forwarded as checks to every man, woman and child.
BUSINESS
June 27, 1991
Atlanfed Bancorp Inc., the parent of Atlantic Federal Savings Bank, has declared a quarterly cash dividend of 10 cents a share to be paid on July 15 to stockholders of record as of June 28. This is the 15th consecutive quarter dividend paid by the company.On June 17, Atlanfed paid a 10 percent stock dividend, increasing by 10 percent the number of shares held by each stockholder as of May 31.Atlantic Federal Savings Bank, founded in 1897, has 11 branches in Maryland. The thrift's mortgage subsidiary, Atlantic Home Mortgage Corp.
NEWS
March 3, 1991
The directors of the Baltimore Gas and Electric Co. declared a regular quarterly dividend of 52.5 cents per share on common stock and quarterly dividends at the specified rates for all outstanding preferredand preference stocks.All dividends are payable April 1 to holders of record at the close of business on March 11.
NEWS
December 8, 1991
The Taneytown Bank and Trust Co. Board of Directors has declared a fourth quarter dividend of 14 cents per share.The dividend will bepaid Jan. 2, 1992 to stockholders of record Dec. 16, 1991. The Boardof Directors also approved a 25 percent stock dividend to be paid Jan. 2 to stockholders of record Dec. 16.The bank's total assets were $148.2 million and total deposits were $133.1 million on Sept. 30.Taneytown Bank and Trust is headquartered in Taneytown, with six full service branches in Carroll County.
BUSINESS
By Donald Saltz | January 10, 1992
Rates on savings are now so low that investors who aren't upset over what little interest they're earning are simply befuddled about what has happened. The low level of interest rates is a result of borrowing rates that have been slashed in an effort to spark the economy.Actually, the reduced interest levels are advantageous in several ways. Borrowing is cheaper, and there is a correlation between interest and inflation -- interest rates stay a step above inflation to provide at almost all times a modest return of 1 or 2 percent after inflation and taxes.
BUSINESS
By David Conn and David Conn,Sun Staff Writer | September 14, 1994
Mercantile Bankshares Corp. announced the company's largest-ever dividend increase yesterday, a 17.6 percent boost that will raise the quarterly payout to 20 cents a share from 17 cents.The company also hired a new executive vice president, Jay M. Wilson, and promoted three officers to that rank in its primary subsidiary, Mercantile-Safe Deposit and Trust Co.Baltimore-based Mercantile said it would pay the new dividend Sept. 30 to shareholders of record as of Sept. 23. The company last raised its dividend a year ago, when it also declared a three-for-two stock split.
FEATURES
By SUSAN BONDY and SUSAN BONDY,Creators Syndicate | April 23, 1995
Over the past 50 years, dividends have accounted for almost two-thirds of total returns on stocks. Given that fact alone, it becomes quite important to understand the language of dividends:Q: What is the difference between "dividend" and "yield"?A: Dividend and yield refer to the same thing -- the portion of a company's profit that is paid to its owners, the stockholders. The dividend is the actual dollar amount paid. The yield is the dividend as a percentage of the stock price.The yield is calculated by dividing the annual dividend by the current market price of the stock.
SPORTS
By Edward Lee, The Baltimore Sun | November 4, 2013
Alexa Quaranta was recruited by the UMBC women's soccer team as a back. So seeing her play the forward position sometimes causes a double take. And Quaranta, a sophomore, is still surprised at the position switch. “I started off as a defender,” the Baltimore native and Perry Hall graduate said. “I was not expecting to be pushed forward, but you've just got to do whatever your team needs you to do. It's exciting to see us winning games and just to be scoring.” Scoring has rapidly become Quaranta's forte.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | June 20, 2013
Olympia J. Snowe, the former Republican senator from Maine, has joined T. Rowe Price Group's board of directors, the Baltimore-based money manager announced Thursday. Snowe served in the House of Representatives from 1979 to 1995, when she started representing Maine in the Senate until this year. She now is chairman and CEO of a policy and communications consulting firm and a senior fellow at the Bipartisan Policy Center, Price said. As part of her compensation, Snowe received 4,200 restricted shares that vest a year from now. Price independent directors' compensation includes a $75,000 annual retainer, $1,500 per meeting, and thousands of dollars for heading up a committee.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | April 23, 2013
After T. Rowe Price executives recapped last year's highlights at Tuesday's annual meeting, a shareholder raised concerns about the loss of a top money manager, competition from exchange-traded funds and an Obama Administration tax proposal that could dampen Price's retirement business. President and CEO James A. C. Kennedy said that Kris Jenner, the former manager of T. Rowe Price Health Sciences Fund, left "millions" in deferred compensation on the table by leaving the company in February.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | April 23, 2013
Legg Mason Inc. on Tuesday announced a quarterly divided of 13 cents per share, an 18 percent increase. The Baltimore-based money manager said the dividend will be paid on July 8 for those who are shareholders as of June 11.
SPORTS
By Edward Lee, The Baltimore Sun | March 24, 2013
It wasn't too long ago - after a 19-9 pasting of Mount St. Mary's on March 5, actually - when Johns Hopkins coach Dave Pietramala took the unusual approach of announcing a goalie competition between senior Pierce Bassett and redshirt sophomore Eric Schneider. Bassett eventually held onto his status as the team's primary starter and has recorded double-digit saves in each of his past three contests - including a season-high 16 in the No. 12 Blue Jays' 15-8 demolition of No. 13 Virginia at the Konica Minolta Face-Off Classic at M&T Bank Stadium on Saturday.
NEWS
February 25, 2013
Scientists have long known that the human mind develops most rapidly during the first five years of life, a point President Barack Obama underscored in his State of the Union address when he urged states to provide universal access to high-quality pre-kindergarten programs. Investment in early childhood education is an investment in the nation's future, and Maryland is well-positioned to heed the president's call. Children who attend high-quality, public pre-K arrive at school better equipped with the cognitive and social skills needed for learning, and there is a large body of evidence suggesting that they retain that advantage throughout their school careers and beyond.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | February 21, 2013
T. Rowe Price Group announced Thursday it was raising its quarterly dividend by 12 percent to 38 cents per share. The dividend will be paid March 27 to those who are shareholders as of March 13. The Baltimore-based money manager said it has increased its annual dividend 27 years in a row since going public in 1986.
NEWS
January 9, 2013
The current political divide in Congress offers an opportunity for Americans to have a conversation about federal spending, which should not be confused with investing federal dollars to grow the economy ("Trouble ahead," Jan. 2). Are continuing to rebuild our infrastructure and educating our children an appropriate use of federal dollars? I believe they are, and here's why: College affordability remains an issue for most students and their families, despite the 2012 Pell Grant appropriation of $30.3 billion.
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