posted by Yahoo! News Search Results for dividends on Jul 30
TORONTO, ONTARIO--(Marketwire - July 30, 2009) - 5Banc Split Inc. (TSX:FBS.B)(TSX:FBS.PR.B) announced today that it has declared a quarterly dividend on its Preferred Shares of $0.11875 per Preferred Share and on its Capital Shares of $0.05 per Capital Share. The Capital Share dividend has been reinstated due to improved market conditions for the underlying portfolio securities. The dividends on ...Archive for July, 2009
posted by Michael Erman on Jul 30
Duquesne Capital Management, Alpha Natural Resources largest shareholder, has been working to scuttle the company’s takeover of Foundation Coal for the past two weeks. In perhaps its last at shot at swaying shareholders before tomorrow morning’s vote on the deal, Duquesne released its latest reason investors should oppose the deal on Thursday: the payout Alpha Chairman and CEO Michael Quillen will receive if the deal goes through.
Duquesne, which is run by financier Stanley Druckenmiller, has already said it believes the proposed deal will hurt Alpha shareholders financially. It believes the merged company would lower Alpha’s relative exposure to more profitable metallurgical coal and international thermal coal markets.
Now, it raises the issueof the payout and the fact that Quillen , who will be staying on as chairman of the merged company, would be treated as if he had been terminated without cause.
Duquesne says Quillen would receive close to $15 million in shares and cash if the deal were to go through, based on sttock prices at Wednesday’s close. But Alpha says that Duquesne has exaggerated the payout.
“We view the Duquesne statements regarding Mr. Quillen’s compensation as misleading,” an Alpha spokesman said. “The compensation arrangements are fully disclosed in the proxy on page 78. Duquesne seems to imply that all compensation is payable upon consummation of the merger. In fact, as described in the proxy, the vast majority of compensation will be dependent upon Mr. Quillen’s continued employment with the Company and with the Company meeting performance goals over the next three years.??”
We’ll find out tomorrow whether Duquesne has been able to gain any traction with other shareholders.
posted by Yahoo! News Search Results for dividends on Jul 30
The actual July 2009 S&P 500 payments are 32% off the July 2008 payment, and the worst July since 2002 Year-to-date S&P 500 holders have been paid $29.5 billion less than last year and we estimate that for all of 2009 it will be $61.5 billion less If there is light at the end of the tunnel, my hope at this point is that it is not a another train, heading for us in Q4 when companies finalize ...posted by Jonathan Spicer on Jul 30
Duncan Niederauer, the head of New York Stock Exchange operator NYSE Euronext, opened the company’s quarterly earnings conference call with this riddle on Thursday:“What do Rich Repetto, Carlos Delgado, and Jose Reyes have in common? …They are all on the disabled list as a result of baseball-related injuries.”
“So, Rich, I heard you hurt yourself at Yankee Stadium the other night and I hope you’ve recovered,” the CEO continued. ”I was pleased to hear that while you were crashing into the wall you managed to hold on to the ball and make the catch in spite of being knocked unconscious. Congratulations. Hopefully you’ll be back in the lineup sooner than Delgado and Reyes.”
Repetto, the popular financial analyst at Sandler O’Neill, wasn’t pinch hitting for the New York Mets. Nor the Yankees for that matter. And turns out he didn’t actually crash into a wall. But he was playing shortstop when those attending a corporate event last week decided to play a little pick-up softball game in the outfield, after taking a tour of the new Yankee Stadium.
Corporate types set up a makeshift diamond in the outfield (the sandy infield was off-limits), taking advantage of a Yankees roadtrip. Repetto, who played ball in high school, says he made a couple of plays earlier in the game. So when a blooper soared just over his head, he backpeddled, dove backward and secured the out — “just before landing straight on my head,” he said afterward.
The stock analyst was unconscious for about 10 seconds, and was very groggy upon recovery, before a paramedic accompanied him to a Bronx hospital. “It’s kind of a joke now, but it wasn’t funny at the time,” Repetto said.
posted by Yahoo! News Search Results for dividends on Jul 30
SYRACUSE, N.Y.----Niagara Mohawk Power Corp., a subsidiary of National Grid plc , announced that its Board of Directors has declared dividends at the following rates for all series of its preferred stock.posted by Yahoo! News Search Results for dividends on Jul 30
Payouts down 21 per cent so farposted by Yahoo! News Search Results for dividends on Jul 30
Board Approves Dividend of $0.38 Per Common Shareposted by Yahoo! News Search Results for dividends on Jul 30
CYCLE & Carriage Bintang Bhd (CCB)( 2925 ) , Malaysia's largest dealer for Mercedes Benz vehicles, plans to pay shareholders RM90.7 million in special dividends as it now has room to return excess funds.posted by Yahoo! News Search Results for dividends on Jul 30
PARAMUS, N.J.----VORNADO REALTY TRUST today announced that its Board of Trustees has declared the following quarterly preferred dividends: Series A Convertible $ .8125000 per share Series E Cumulative Redeemable $ .4375000 per share Series F and H Cumulative Redeemable $ .4218750 per share Series G and I Cumulative Redeemable $ .4140625 per shareposted by Yahoo! News Search Results for dividends on Jul 30
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