Dividend

May. 18, Post Time: 10:45AM Entries and comments provided by the Maryland Jockey Club First - Purse $55,000, AOC $25,000-$20,000, 3 yo's & up, One And One Sixteenth Miles Post, Horse, Jockey, Trainer, Odds 1 Aussi Austin, Rosario, R.Rodriguez, 3-1 2 Bob's Gone Wild, Vargas, J.Lopez, 20-1 3 Jarrod's Commando, Karamanos, C.Garcia, 10-1 4 Warrensburg, Boyce, D.Barr, 20-1 5 Benny Or Local, Cruise, D.Kobiskie,...

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. Text BUSINESS to 70701 to get Baltimore Sun Business text alerts

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. Text BUSINESS to 70701 to get Baltimore Sun Business text alerts

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.

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.

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. Text BUSINESS to 70701 to get Baltimore Sun Business text alerts

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.

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.

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.

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.

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.

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.

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. Text BUSINESS to 70701 to get Baltimore Sun Business text alerts

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.

Legg Mason Inc. announced Wednesday that it would accelerate a quarterly dividend that was to be paid out in January. The cash dividend of 11 cents per share will be paid out on Dec. 28, instead of Jan. 7. The Baltimore-based investment company becomes the latest to rush to make dividend payments before the end of the year, while the tax rate on this income is still 15 percent. Unless a deal is reached between Congress and the White House, dividend income next year will once more be taxed as regular income, which could be as high as 39.6 percent.

Delmar Bancorp has no regrets about taking a $9 million investment from the federal Troubled Asset Relief Program, even though some banks have rushed for the exit. "We did it as an abundance of caution," said Ed Thomas, president of the parent of Bank of Delmarva, which serves the still-struggling Eastern Shore. "I'm glad we did it because we didn't know how deep the financial downturn was going to be. " TARP provided capital at an attractive price, he said. Created four years ago as the country's financial system teetered on the verge of collapse, TARP provided more than 700 banks with a combined $205 billion of capital by buying dividend-paying preferred shares.

Thanks for your report about the National Science Foundation's efforts to increase knowledge of global warming in the mid-Atlantic region ("Maryland gets grant to help teach climate change," Aug. 15). Climate change is indeed a "touchy" subject to the uninformed; this initiative is necessary to combat such shortsightedness. Here's hoping that a discussion about "what our options are" to deal with the problem includes a discussion of the fee-and-dividend model to reduce emissions.