Pier 1 Imports (NYS: PIR) has been one of the market's biggest winners since its shares bottomed out at $0.10 three years ago. On Thursday, the home-furnishings retailer reinitiated its dividend. The same Pier 1 that hadn't shelled out quarterly distributions since 2006 will now be rewarding investors with $0.04 a share every three months.
It's a modest sum, but can you imagine the lucky investors who snapped up the stock in March 2009, when it was trading for as little as a dime? Those shareholders are not only sitting on a 180-bagger right now, but they'll now also be making back their original investment every three quarters!
Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.
NVIDIA (NAS: NVDA) has a new believer. Cantor Fitzgerald initiated coverage of the graphics-chip giant with a "buy" rating and $20 price target. Looking good, Nvidia.
Quepasa (ASE: QPSA) is going in for a name change. The social-discovery specialist behind myYearbook and its namesake social-networking website will change its corporate moniker to MeetMe later this year. If that doesn't work, it can always be an online dating website with that name.
Sirius XM Radio (NAS: SIRI) has been volatile in recent days. The stock was initially climbing on the prospects that Liberty Media (NAS: LMCA) would add to its 40% stake in the company, but the shares went the other way when an analyst argued that Liberty is unlikely to pay up to grow its stake. I guess there's static even on satellite radio.
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At the time thisarticle was published Motley Fool newsletter serviceshave recommended buying shares of NVIDIA and writing puts on NVIDIA. The Motley Fool has adisclosure policy. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.Longtime Fool contributorRick Munarrizcalls them as he sees them. He owns shares of Liberty Media and is also part of theRule Breakersnewsletter research team, seeking out tomorrow's ultimate growth stocks a day early.
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