Dividend Scan: ZION, TIS, VIA, HVB, CPBC, PKY, BRCM, MRK

As the U.S. market traded in green, several companies declared their future dividend plans. Some notable dividend payers are declared here.

Zions Bancorp. (Nasdaq: ZION), one of the U.S. premier financial services companies, announced today that its board of directors declared a regular quarterly dividend of $0.01 per common share. The dividend is payable November 30, 2011 to shareholders of record on November 21, 2011. Shares added 1.52 percent, or $0.25, to trade at $16.67.

Orchids Paper Products Co. (AMEX: TIS), an integrated manufacturer of tissue paper products serving the private label consumer market, today announced that it has approved an increase in its quarterly cash dividend from $0.10 per outstanding share to $0.20 per outstanding share of the Company's common stock. The increased dividend will be effective for the dividend payable on December 21, 2011, to stockholders of record on December 5, 2011. Shares added 2.53 percent, or $0.32, to trade at $13.

Viacom Inc. (NYSE: VIA), one of the world's premier entertainment brands that connect with audiences through compelling content across television, motion picture, online and mobile platforms in more than 160 countries and territories, declared a quarterly cash dividend of $0.25 per share on both its Class A and Class B common stock. The dividend will be payable on January 2, 2012 to stockholders of record on December 15, 2011. Shares rose 2.70 percent, or $1.33, to trade at $50.61.

Hudson Valley Holding Corp. (NYSE: HVB), the parent company of Hudson Valley Bank, declared a 10 percent common stock dividend for shareholders of record as of close of business on November 23, 2011. This is the 28th consecutive year that a stock dividend or?stock split?has been declared by the company. Shares were trading at $19.87, with ! zero per cent change on its last close.

Community Partners Bancorp. (Nasdaq: CPBC), the holding company for Two River Community Bank, announced that the Board of Directors of the Company approved a 3 percent stock dividend.

The dividend will be payable on December 30, 2011 to shareholders of record as of December 13, 2011. Shares were trading at $4.75, with zero percent change on its last close.

Parkway Properties, Inc. (NYSE: PKY), a self-administered real estate investment trust specializing in the operation, leasing, acquisition, and ownership of office properties, declared a quarterly dividend of $0.075 per share payable on December 28, 2011, to shareholders of record of?Common Stock?on December 14, 2011. ?This dividend is the 101st consecutive quarterly distribution to?Parkway's?shareholders of?Common Stock?and represents an annualized dividend rate of $0.30 per share. Shares were down 2 percent, or $0.24, to trade at $11.76.

Broadcom Corp. (Nasdaq: BRCM), a global leader and innovator in semiconductor solutions for wired and wireless communications, today announced it will pay its next quarterly cash dividend of $.09 per share to holders of the Company's common stock. The dividend will be paid to shareholders of record of the Company's Class A and Class B common stock at the close of business on December 19, 2011. Shares added 0.82 percent, or $0.28, to trade at $34.33.

Merck & Co. (NYSE: MRK), which provides various health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products, declared a quarterly dividend of $0.42 per share, or $1.68 annualized. This is a 10.5 percent increase from the prior dividend of $0.38. ?T he dividend will be payable on January 9, 2012, to stockholders of record on December 15, 2011, with an ex-dividend date of December 13, 2011. Shares added 2.34 percent, or $0.79, to trade at $34.58.

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