The Dividend Daily

Gol Linhas Areas (GOL) is suspending its dividend payouts, as high fuel prices continue to batter the airline industry.

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Fortress Investment Group (FIG) has seen better days. In its latest report, the company had a 30 percent drop in revenue to $188.1 million. The results put a focus on the difficult environment hedge funds are experiencing, as well as the challenging monetization issues with private equity.

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Teekay Corp (TK) is getting hit hard (down 15%) today, as the company plans to restate previous financial results from 2003 through the end of the second quarter of 2008, including preliminary and previously announced results included in this earnings release.

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Cardinal Health (CAH) is out this morning with some somber news on its current quarter outlook. The company is reporting that earnings may be as much as 25 cents below where analysts estimates are currently.

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Toyota Motors’ (TM) first-quarter profit dropped 28 percent from last year, as a result of slipping U.S. sales, the strong yen, and rising material costs.

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Mall Operator Macerich (MAC) just reported Funds From Operations (FFO) in its latest quarter rose to $103.2 million, or $1.16 per share, from $100.7 million, or $1.04 per share, a year ago. It was able to squeeze out a small increase in a tough market environment.

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Williams Co’s (WMB) came through with a solid 2nd quarter report, and raised the low end of next year’s guidance. The company is crediting strong performances in its natural gas businesses, driven by higher net realized average prices on increased production as well as strong NGL margins. Higher operating costs partially offset these benefits.

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Medical devices maker Smith & Nephew PLC (SNN) has achieved its first billion dollar quarter ever, on a 23% rise in revenue. The company is reporting solid performance across all its divisions.

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Martin Marietta Materials (MLM) is feeling the hurt from rising commodity costs as hard as any company we have covered. The company’s clients are having a tough time with the escalating costs and, when possible, have made the choice to defer work in anticipation of potential future cost reductions.

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Sara Lee’s (SLE) earnings report was actually not as bad as first reported. If you back out some charges, the company actually beat EPS estimates by 2 cents. Sales rose 12 percent to $3.51 billion with the help of a weaker dollar and price increases.

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