Best Stocks: MutualFirst Financial (NASDAQ:MFSF) to pay cash quarterly dividend, with 20% increases; Delta Apparel (AMEX: DLA), Corrections Corp. (NYSE: CXW)

MutualFirst Financial (NASDAQ:MFSF), the holding company of MutualBank, has announced the company will pay a cash dividend of 12c per share for Q1. The dividend will be payable on March 27 to shareholders of record on March 13. MutualFirst CEO David W. Heeter said, "We are pleased to increase our dividend which is reflective of our momentum in increased performance. This increase represents an opportunity to continue building shareholder value."

 

Delta Apparel  (AMEX: DLA) hopeful of selling  The Game branded business. Delta Apparel  (AMEX: DLA) has announced that its wholly-owned subsidiary, To The Game, previously entered into a letter of intent to sell its The Game branded collegiate headwear and apparel business to David Peyser Sportswear, the owner of MV Sport, Inc. The approximately $25M revenue business being sold consists of The Game branded products sold nationally in college bookstores and through team dealers. The contemplated transaction is expected to close within the next several weeks and should result in an appreciable gain to net book value. The letter of intent is non-binding and the transaction is subject to the execution of a definitive asset purchase agreement, the obtainment of necessary approvals, and other customary conditions.

 

Corrections Corp. (NYSE: CXW) gifts 6% quarterly dividend increase.  Corrections Corporation of America  (NYSE: CXW) has announced that its board has agreed for a quarterly dividend of 54c per share to be paid on April 15 to shareholders of record as of the close of business on April 2. CCA CEO Damon Hininger said, "We are pleased to declare our quarterly cash dividend of 54c per share, or $2.16 per share annually, which represents a 6% increase and reflects the overall strength of our business and our commitment to return value to our stockholders."