posted by Yahoo! News Search Results for dividends on May 28
LONDON (SHARECAST) - Gervais Williams of Gartmore wants more AIM companies to pay dividends. Those that already do he wants to pay a greater proportion of their profits to shareholders.Archive for May, 2009
posted by Jessica Hall on May 28
Private equity firm The Carlyle Group gave a blunt assessment of 2008, when a financial crisis pulled three of its portfolio companies — German auto parts maker Edscha, energy company SemGroup
and Hawaiian Telcom — into bankruptcy protection or administration.
In its annual report, Carlyle told investors “the year 2008 was a humbling experience for us and most of the financial services industry. After several years of unprecedented growth, product innovation, geographic expansion, capital deployment and investment gains, our world changed dramatically.”
Going forward, Carlyle takes a cautious view.
“In 2008, the financial landscape change — and it will remain changed for the foreseeable future. Operating conditions for our portfolio companies will remain challenging. Transactions will be fewer and smaller. More equity will be required and debt terms will be less favorable. And hold periods will increase while returns will decrease.”
Click here to see the full Carlyle Group annual report.
posted by Jui Chakravorty on May 28
What’s surprising: Talks for General Motors Corp’s Opel failed to yield a deal.
What’s not-so-surprising: GM needs cash. Again.
Talks that ran all through Wednesday night to sell Opel to one of four final bidders narrowed the race to two but failed in sealing a deal. German ministers, emerging in the early hours of Thursday morning after more than 12 hours of talks, blamed GM and the U.S. Treasury for the failure.
Why? Because GM, the ministers say, shocked participants by announcing it needed 300 million euros ($415 million) more in short-term cash from the German government to keep Opel operating.
Italian automaker Fiat and Canadian auto parts supplier Magna remain in the race to buy Opel. Belgian private equity firm RHJ International is out. China’s Beijing Automotive Industry Corp was not present at the meeting but the option for it to return with a more detailed offer remained open.
Meanwhile, GM, which has lost $82 billion in the past four years and has received $19.4 billion in government funding since the beginning of this year. It has also said it would likely need $7.6 billion from the U.S. Treasury after June 1. Buy GM cars or not, they sure are getting your money.
posted by Yahoo! News Search Results for dividends on May 28
LIGATT Security International CEO Gregory Evans announced today that the company will be one of the first Over-The-Counter companies to offer dividends to shareholders. In order to maximize shareholder value and focus on its core business strategy, LIGATT Security International will begin offering dividends to shareholders planned for 4th quarter 2009.This strategy comes at a time of the fastest ...posted by Yahoo! News Search Results for dividends on May 28
Banco de Oro Unibank, Inc.(BDO) has declared cash dividends of P0.28 per common share. This would sum up to about P644 million, the bank having 2.3 billion outstanding shares listed on the local bourse.posted by Yahoo! News Search Results for dividends on May 28
MONTREAL, QUEBEC-- - National Bank of Canada today announces amendments to its Dividend Reinvestment and Share Purchase Plan . The Bank now offers a 2% discount from the average subscription price paid upon the reinvestment in Common Shares issued from treasury of dividends paid on Common Shares and First Preferred Shares in the share capital of the Bank held by participants in the Plan.posted by Yahoo! News Search Results for dividends on May 28
The Toronto-Dominion Bank today announced that a dividend in an amount of sixty-one cents per fully paid common share in the capital stock of the Bank has been declared for the quarter ending July 31, 2009, payable on and after July 31, 2009, to shareholders of record at the close of business on July 6, 2009.posted by Yahoo! News Search Results for dividends on May 28
MONTREAL, QUEBEC--(Marketwire - May 28, 2009) - National Bank of Canada's (TSX:NA) Board of Directors declared yesterday a dividend of $0.62 per common share for the quarter ending July 31, 2009, payable August 1, 2009 to common shareholders of record on June 25, 2009. The Board also declared quarterly dividends on series of first preferred shares, payable on August 15, 2009 to shareholders of ...posted by Yahoo! News Search Results for dividends on May 28
MONTREAL, QUEBEC-- - National Bank of Canada's Board of Directors declared yesterday a dividend of $0.62 per common share for the quarter ending July 31, 2009, payable August 1, 2009 to common shareholders of record on June 25, 2009.posted by Douwe Miedema on May 28
Opel remains the biggest story of the day. Marathon talks to shield it from a looming bankruptcy ended with no results, a deal is now expected by Friday. In another bankruptcy-related story, Nortel Networks is looking for a buyer for its majority stake in a South Korean joint venture with LG Electronics. For today’s top headlines on deals, click here.
This is what we found of interest in the newspapers:
* Fortress Investment Group, a listed private equity and hedge fund company, is nearing an agreement to inject $800 million in fresh capital into First Southern, a Florida bank, with other investors, the Financial Times said.
* Eircom Holdings has started detailed discussions with three potential bidders to sell its 57 percent stake in Eircom, the former Irish state-owned telecoms company, the Financial Times said.
* Citigroup Inc is in early negotiations with the U.S. Securities and Exchange Commission (SEC) to settle a probe into whether it misled investors by not properly disclosing its troubled mortgage assets, the Wall Street Journal said. Read a Reuters story here.
* Reinsurer Swiss Re is in talks with India’s Religare Enterprises to form a joint venture health insurance company in India, the Economic Times said on Thursday. Reuters story here.
* Investment bank Morgan Stanley has presented a recapitalisation proposal to Australian miner OZ Minerals Ltd, giving it an alternative to its planned takeover by China’s Minmetals, the Australian Financial Review said on Thursday. Read a Reuters story here.
