Dividends from (CPY) (BID) (BRCM) (ECL) (EMN) Declared

CPI Corp. (NYSE:CPY), Sotheby's (NYSE:BID), Broadcom Corporation (NASDAQ:BRCM), Ecolab Inc. (NYSE:ECL) and Eastman Chemical (NYSE:EMN) declare dividends.

The Board of Directors of CPI Corp. (CPY) declared a quarterly common stock dividend of $0.25 a share payable 6/1/11 to shareholders of record at the close of business on 5/18/11.

The Board of Directors of Sotheby's (BID) declared a cash dividend of $0.05 a share on the company's common stock payable on 6/15/11, to Stockholders of record on 6/1/11.

The Board of Directors of Broadcom Corporation (BRCM) declared a regular cash dividend of $0.09 a common share. The dividend will be payable on 6/6/11 to common stockholders of record at the close of business on 5/20/11.

The Board of Directors of Ecolab Inc. (ECL) declared a regular cash dividend of $0.175 per common share. The dividend will be payable on 7/15/11 to common stockholders of record at the close of business on 6/21/11.

The Board of Directors of Eastman Chemical (EMN) declared a regular cash dividend of $0.47 per common share. The dividend will be payable on 7/1/11 to common stockholders of record at the close of business on 6/15/11.

Dividend Yields for (SHW) (EMN) (IFF) (ARG) (MON)

Indicated dividend yields for Standard & Poor's 500 Index companies Sherwin-Williams Co (SHW), Eastman Chemical Co (EMN), International Flavors (IFF), Airgas Inc (ARG) and Monsanto Co (MON).

These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.

Sherwin-Williams Co (SHW) has a dividend yield of 1.77 percent on a declared dividend of $0.36. The payout ratio is 56.1 percent.

Eastman Chemical Co (EMN) has a dividend yield of 1.75 percent on a declared dividend of $0.47. The payout ratio is 18.3 percent.

International Flavors (IFF) has a dividend yield of 1.70 percent on a declared dividend of $0.27. The payout ratio is 38.8 percent.

Airgas Inc (ARG) has a dividend yield of 1.67 percent on a declared dividend of $0.29. The payout ratio is 37.7 percent.

Monsanto Co (MON) has a dividend yield of 1.65 percent on a declared dividend of $0.28. The payout ratio is 29.8 percent.

Ratings on (CVH) (EK) (INFN) (GDOT) (HLIT) Reiterated

Analysts reiterate ratings on Coventry Health Care, Inc. (NYSE: CVH), Eastman Kodak Compan (NYSE: EK), Infinera Corp. (NASDAQ: INFN), Green Dot Co. (NASDAQ: GDOT) and Harmonic (NASDAQ: HLIT).

JPMorgan Chase & Co. (NYSE:JPM) reiterated a “neutral” rating on Coventry Health Care, Inc. (CVH). They have a price target of $32.00 on the company.

BMC Equities Research reiterated a “hold” rating on Eastman Kodak Company (EK).

Jefferies (NYSE:JEF) reiterated a “hold” rating on Infinera Corp. (INFN).

JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Green Dot Co. (GDOT). They have a price target of $60.00 on the company.

Jefferies reiterated a “hold” rating on Harmonic (HLIT). They have a price target of $9.00 on the company.

Apple (AAPL) (NOK) (EK) and Patent Battles

The headline that Kodak (NYSE:EK) won a round in its battle against Apple (NASDAQ:AAPL) in a patent dispute, as well Apple winning one against Nokia (NYSE:NOK), is far too early in the process to draw any conclusions yet.

Kodak's dispute with Apple garnered significant headlines because it included the almost interesting number of $1 billion as what was potentially at stake.

Even the headline of Apple winning a round against Nokia concerning 5 patents is largely irrelevant, as it could go under further review, and it's only 5 of 75 patents under dispute.

The other factor in the Nokia, Apple dispute is it's not just being fought in one venue, but in six venues, and the outcome within those parameters is anyone's guess.

In the end, in these cases, and others, we're only at the beginning of working through the legal process concerning patents, and ultimately it's sure to result in changes in the laws, although that is probably years away.

Eastman Kodak (EK) Up on Apple, RIM (AAPL) (RIMM) Patent Talk

The probability Eastman Kodak (NYSE:EK) may get a windfall settlement with Apple (NASDAQ:AAPL) and Research in Motion (NASDAQ:RIMM) for patent infringement has shares of the stock jumping today.

According to CEO Antonio Perez, Eastman "deserves to win" in their patent suit with the two mobile media and communications giants.

Speculation is with Kodak winning recent patent suits against LG and Samsung, there is a good chance they'll win this one as well, with an announcement from the U.S. International Trade Commission coming later today.

At stake today is whether or not the Commission will review a judge's prior findings that Apple's iPhone and Research In Motion's BlackBerry don't violate Kodak's patent on an image- preview feature in camera phones.

The major source of revenue for Kodak in the future appears to be from licensing, which at this time drives from $250 to $350 million for them, and that doesn't include what they may get from Apple and Research In Motion.

Eastman was trading at $3.42, up $0.29, or 9.27 percent, as of 11:38 AM EDT.

Kodak's (NYSE:EK) Profits Plunge as it Transitions to Digital Imaging

Kodak's (NYSE:EK) share price is getting crushed today after the company reported profits plummeted by 95 percent in the fourth quarter, to $22 million.

Weak profits were primarily the results of loss in licensing royalties over last year, and also from lower camera revenue.

Last year in the same quarter Kodak generated $443 million or $1.40 a share, and this year the $22 million amounted to 8 cents a share.

The difference was the loss of $421 million in licensing and royalty revenue from the same quarter last year.

Almost every unit or segment of Kodak dropped in the quarter, with the exception of the inkjet printer division.

Kodak has placed its future in the hands of the inkjet unit, which serves the consumer and business markets.

In 2011 Kodak expects to generate profits for the first time from the unit for the year.

Kodak has trimmed costs heavily while they work through the transition period, which also includes expected profits from its commercial digital printers in 2012.

Kodak was trading at $3.81, down $0.71, or 15.71 percent, as of 11:46 AM EST.

Kodak (NYSE:EK) Drops on Apple (NASDAQ:AAPL), RIM (Nasdaq:RIMM) Ruling

Shares of Kodak (NYSE:EK) were getting hit hard in after hours trading when news they were ruled against by the U.S. International Trade Commission concerning their patent complaint against Apple (NASDAQ:AAPL) and RIM (Nasdaq:RIMM).

The complaint revolves around whether or not Apple and Research in Motion violated digital-imaging patents held by Kodak.

This initial ruling isn't binding yet, and by May 23 the six commissioners could modify the ruling of chief administrative law judge Paul Luckern, or let his ruling stand.

Laura Quatela, Kodak's chief intellectual property officer, said she believes the company will eventually prevail, saying "We fully expect the ITC commission will ultimately rule that the patent claim at issue is valid and infringed by Apple and RIM."

Kodak has won previous cases against LG Electronics and Samsung, where they negotiated one-time combined royalty payments of almost $1 billion.

Kodak closed Monday at $5.22, gaining $0.07, or 1.36 percent.

Netflix (NASDAQ:NFLX) Replaces Office Depot (NYSE:OD) on S&P 500

Several changes were made to the S&P 500 Thursday, with one of the more notable ones being the addition of Netflix (NASDAQ:NFLX), which will be replacing Office Depot (NYSE:OD) on the index.

Other changes made include the addition of Cablevision Systems Corp. (NYSE:CVC), which is replacing King Pharmaceuticals Inc. (NYSE:KG) because of being acquired by Pfizer (NYSE:PFE).

Also being dropped from the S&P is Eastman Kodak (NYSE:EK) and the New York Times (NYSE:NYT), who will be replaced by Newfield Exploration (NYSE:NFX) and F5 Networks (NASDAQ:FFIV).

Stocks removed from the S&P 500 will be lowered to the mid-cap 400 index.

Also noted in the S&P report was changes to the SmallCap 600, where Coldwater Creek Inc. (NASD:CWTR), Corinthian Colleges Inc. (NASD:COCO) and Wilmington Trust Corp. (NYSE:WL) will be replaced by East West Bancorp Inc. (NASD: EWBC), SM Energy Co. (NYSE:SM) and Concur Technologies Inc.

Those removed from the SmallCap 600 will be placed in the S&P MidCap 400.