McDonald’s raises dividend by 50%
McDonald’s Corp. said Wednesday that directors boosted the Oak Brook-based fast-food company’s annual dividend by 50 percent, to $1.50 per share from the $1 paid in 2006. The new amount is payable Dec. 3 to holders of record Nov. 15.
CDW sales increase
CDW Corp. said average daily sales rose 19.1 percent in August, to $32.1 million from the year-ago month’s $27.0 million. The Vernon Hills-based computer reseller said total sales rose to $738.8 million last month, up from $620.2 million a year ago. CDW noted that the year-ago month doesn’t include the sales contribution from Berbee Information Networks Corp., which CDW acquired in October. CDW agreed in May to be taken private for $7.3 billion by an investing group led by private-equity giant Madison Dearborn Partners. The transaction is pending.
Calamos assets inch up
Calamos Asset Management Inc. said Wednesday that total assets under management inched up 1.15 percent, to $43.9 billion at the end of August, from $43.4 billion at the end of July. The Naperville-based investment firm also noted that assets under management as of Aug. 31 were down 1.13 percent from the $44.4 billion Calamos was managing at the end of August 2006. Calamos said that in August it bought back 1,2 million shares, representing 5.4 percent of its outstanding Class common stock. Calamos said the buybacks complete an earlier announced 2 million-share repurchase authorization.
