The Dividend Daily

Alcoa (AA) was just downgraded to “neutral” from “overweight” by a JP Morgan analyst that is questioning the company’s ability to cut costs against the backdrop of lower aluminum demand.

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Ross Stores (ROST) just reported its third quarter profit rose 18 percent to $57.3 million, or 44 cents a share, in the third quarter ended Nov. 1, from $48.7 million, or 36 cents a share, a year earlier.

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BJ’s Wholesale Club (BJ) just reported its third quarter profits rose 24 percent to $28.2 million, or 48 cents a share, compared to $22.7 million, or 35 cents, a year ago.

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KLA Tencor (KLAC) just announced it would cut its workforce by 15 percent, or around 900 jobs, as it moves to weather the economic downturn.

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This past month’s consumer prices plunged 1 percent, more than forecast and the most since records began in 1947.

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From time to time, we like to highlight the calls from our daily Dividend Stock of the Day Newsletter. We’ve reproduced yesterday’s newsletter below. Be sure to sign up here for free so you don’t miss timely calls like this one!

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News is out this morning that the world’s largest Chemical company, BASF, will be cutting up to 20,000 jobs.

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We just got the monthly housing starts number, which showed that starts fell 4.5% to an annual rate of 791,000, a record low dating back to 1959.

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The following companies announced a change in their dividend payouts today:THFF, ROP, SKYW, CMA, CUZ, EXP, LZB, RCL.

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Royal Caribbean Cruises (RCL) has just announced its board of directors decided today to discontinue the company’s common stock dividend.

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