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New Residential shares are surging over 7% in Thursday's pre-market trading, after the company’s board announced a 50% hike in its quarterly dividend to $0.15 per share. This marks the company's second consecutive dividend increase this year. The new dividend will be payable on Oct. 30 to shareholders of record on Oct. 5.In June, New Residential Investment (NRZ), which provides capital and services to the mortgage and financial services industry, raised its quarterly dividend by 100% to $0.10 per share. The back-to-back dividend increase came after the company had to slash its dividend by 90% in late March from $0.50 per share down to $0.05.On Sept. 15, the company said “it has priced its previously announced [on Sept. 10] offering of $550 million aggregate principal amount of 6.250% senior unsecured notes due 2025.” On Sept. 11, B. Riley FBR analyst Timothy P. Hayes also expected “the coupon to be significantly lower than...
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep......
Another 870,000 Americans filed for first-time unemployment benefits last week, unexpectedly rising slightly from the prior week to reaffirm a slowdown in the U.S. economic recovery....
The domino effect applies to Wall street, too. Shares of Plug Power (PLUG) trended down on Wednesday along with its brethren in the renewable energy segment, seemingly after Tesla’s Battery Day failed to deliver the goods. Nevertheless, it is a minor setback in what has been a breakout year for the fuel cell pioneer. Shares are up by a magnificent 286% so far, driven by outstanding earnings beats and investors’ insatiable hunger for alternative energy stocks.However, the drop just goes to show how correlated stock market moves can be. As in tandem with the tilt to the downside, the company actually had some good news yesterday.Plug Power announced a partnership with fuel logistics company Universal Hydrogen. The two will collaborate on building a propulsion system to power commercial aircrafts with hydrogen fuel cells. The end game is to certify and send to the skies the world’s first 2MW hydrogen-electric aircraft powertrain.More...
VANCOUVER, Sept. 24, 2020 /CNW/ - Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) ("Taseko" or the "Company") is pleased to announce that its Gibraltar Mine has been awarded the prestigious Jake McDonald Annual Award for Metal Mine Reclamation from the British Columbia Technical and Research Committee on Reclamation ("TRCR")....
Deere & Company (NYSE:DE) stock is about to trade ex-dividend in 4 days. Ex-dividend means that investors that......
It looks like Franklin Resources, Inc. (NYSE:BEN) is about to go ex-dividend in the next four days. Investors can......
