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Dynagas LNG’s stock plunges after dividend cut

“Shares of Dynagas LNG Partners LP DLNG, +0.47% plunged 20% toward a 2-year low in premarket trade Wednesday, to pace all the decliners ahead of the open, after the operator of liquefied natural gas (LNG) carriers slashed its dividend by over 40%” writes Reporter Editor for marketwatch.com. “This decision by our board of directors to reduce the level of the partnership’s quarterly common unit distribution is necessary to align the partnership’s distribution level with its capacity to generate cash flow in the long term,” said Chief Executive Tony Lauritzen.He said…

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Costco upgraded by Wells Fargo, predicts special dividend soon

“Wells Fargo raised its rating for Costco shares to outperform from market perform, citing the company’s financial benefits from tax reform” writes Tae Kim for cnbc.com. Costco shares will thrive this year due to larger than expected capital return to shareholders, according to one Wall Street firm.”The potential for the declaration of a special dividend sooner than expected could represent another catalyst for the stock.”. The company’s stock rose 2.4 percent Monday after the report.He predicts Costco’s cash position will rise faster than previous years due to the benefits from…

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GBP News 

Live: May embarks on tour of UK in single day to mark a year until Brexit

“ducked questions about whether there would be a “Brexit dividend” for the NHS as her UK tour arrived in the North-East” writes Lizzy Buchan for independent.co.uk. The prime minister said that after Brexit the UK would no longer be sending “vast sums of money” to Brussels, making cash available for national priorities like health.On the prospects for a Brexit dividend, Ms May said: “Of course when we leave the European Union we will no longer be sending vast sums of money year in, year out.In an interview with the BBC,…

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News 

Movado beats profit and sales expectations, boosts dividend 54%

“Separately, the company said it will raise its quarterly dividend by 54% to 20 cents share from 13 cents a share” writes Reporter Editor for marketwatch.com. The luxury watch maker said revenue rose 14.1% to $149.2 million, above the FactSet consensus of $132.6 million, with same-store sales for the Movado company stores up 6.4%.The new dividend will be payable April 25 to shareholders of record on April 11. Source: marketwatch.com Share This:

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Ted Baker 2018 profit up, but warns on challenges

“Ted Baker PLC (TED.LN) said Thursday that fiscal 2018 pretax profit increased 12%, but it also warned that trading conditions will remain challenging in the markets it operates in” writes Maryam Cockar for marketwatch.com. Ted Baker said it anticipates further growth in the wholesale division, which should result in high single-digit sales growth in constant currency in the coming period.FTSE 250-listed Ted Baker lifted the final dividend to 43.50 pence a share from 38.80 pence, bringing the full-year dividend up to 60.10 pence from 53.60 pence.Revenue increased 11%, or 9.6%…

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Kroger shares tick higher on $1 billion buyback authorization

“KR, +0.81% shares rose in the extended session Thursday after the supermarket operator said it will buy back up to $1 billion in shares and hopes to raise its dividend in the future” writes Wallace Witkowski for marketwatch.com. Kroger shares advanced 1.3% after hours, following a 0.8% rise to close the regular session at $23.63.The company said the $1 billion authorization supplements the $76 million remaining on its previous authorization. Kroger also declared its usual a 12.5-cents-a-share dividend, and said it expects “to have an increasing dividend over time” subject…

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Surging copper helps Antofagasta pay bumper dividend  

“A jump in the price of copper has helped Chilean mining group Antofagasta pay a bumper dividend and slash its debt pile to virtually nil” writes Jon Yeomans for telegraph.co.uk. The red metal, prized for its conductivity and thermal properties, climbed 27pc in 2017, driving profits higher at Antofagasta and allowing it to fund a 177pc jump in its full-year dividend.Antofagasta is now generating so much cash from its four mines in Chile that – in addition to the dividend boost – it was able to lop $458m off its…

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DSW’s stock drops after sales miss, downbeat outlook

“Revenue rose to $720.0 million from $674.6 million, below the FactSet consensus of $728.2 million, while same-store sales growth of 1.3% beat expectations of a 1.2% rise” writes Reporter Editor for marketwatch.com. Separately, the company raised its quarterly dividend by 25% to 25 cents a share, with the new dividend payable April 6 to shareholders of record on March 23.For 2018, DSW expects “revenue growth to decrease by 1% to 3%,” following 2017 growth of 3.3%, and while the FactSet consensus of $2.85 billion implies a rise of 1.8%.DSW, +2.73%…

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Satellite giant Inmarsat cuts dividend to fund in-flight Wi-Fi investment

“British satellite giant Inmarsat plans to slash its dividend to help fund its bet on providing in-flight wifi services” writes Ryan Bourne for telegraph.co.uk. The service’s popularity helped Inmarsat’s aviation division grow by more than third in 2017, driving up group revenues 5.4pc to $1.4bn (£1bn).But its bottom line suffered as it increased investment in the service and its back office infrastructure by around $65m and its enterprise division grappled with a decline in satellite phone sales.After paying an annual dividend of 33.62 cents per share this year the firm plans to…

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American Eagle’s stock surges after sales beat, upbeat outlook and raised dividend

“AEO, -10.26% rallied 3.1% in premarket trade Thursday, after the apparel retailer reported a fiscal fourth-quarter profit that matched expectations but beat on sales, provided an upbeat outlook and raised its dividend” writes Reporter Editor for marketwatch.com. Separately, the company raised its quarterly dividend by 10% to 13.75 cents a share, to be payable April 27 to shareholders of record on April 13. Source: marketwatch.com Share This:

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