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Topic: Dividend Stocks

Dividend stocks: Lower ATM demand weighs on Diebold’s earnings

Diebold Inc., symbol DBD on New York, is a leading maker of automated teller machines (ATMs). It also makes safes, vaults and building-security systems.

Diebold recently raised its quarterly dividend by 3.7%, to $0.28 a share from $0.27. The dividend stock’s new annual rate of $1.12 yields 3.5%. The company has raised its dividend each year for the past 58 years.

The company earned $2.5 million, or $0.04 a share, in the three months ended March 31, 2011. That’s down sharply from $24.9 million, or $0.37 a share, a year earlier. If you exclude costs related to the dividend stock’s restructuring and other one-time items, earnings per share fell 32.4%, to $0.23 from $0.34.

Revenues fell 0.8%, to $614.2 million from $619.0 million a year earlier. Revenue from selling services (60% of total revenue) rose 0.9%, while hardware sales (40% of total revenue) fell 3.1%. Growth in the Americas was more than offset by declines in other regions.

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