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What General Electric investors want from CEO on Thursday

“Culp has a chance to attract more investors by providing greater clarity on GE’s strategy when he and other GE leaders lay out their 2019 financial forecast on Thursday” writes Midwest Communications Inc for 95kqds.com. GE’s power unit has cut 12,000 jobs and 30 percent of facility space but plans to spend more on restructuring this year, he added.NEW YORK (Reuters) – Portfolio manager Michael Kon began buying General Electric Co shares about a year ago and got more last fall after GE Chief Executive Larry Culp outlined plans to…

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Adidas lifts dividend after swinging to profit

“Adidas AG (ADS.XE) said Wednesday that it swung to a profit in the fourth quarter and raised its dividend for the year by nearly a third” writes Max Bernhard for marketwatch.com. It expects profit from continuing operations to rise between 10% and 14%.Adidas said it will propose a dividend of EUR3.35 a share, a 29% increase from the previous year.The German sporting-goods company said the net profit for the period was 108 million euros ($121.8 million), compared with a loss of EUR41 million a year earlier.For 2019, the company said…

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Inditex posts profit rise, dividend lifted

“Spain’s Inditex (ITX.MC) said Wednesday that net profit for fiscal 2018 rose, and raised its dividend for the year” writes Max Bernhard for marketwatch.com. The company, which owns the Zara chain of stores, said net profit for the year ended Jan. 31 was 3.44 billion euros ($3.88 billion) compared with EUR3.37 billion a year earlier.The company said it plans to pay a dividend of EUR0.88 a share, up from EUR0.75 a share the previous year. Source: marketwatch.com

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Applied Materials raises quarterly cash dividend to 21 cents a share from 20 cents

“AMAT, -1.31% said Friday it’s raising its quarterly cash dividend to 21 cents from 20 cents a share” writes Ciara Linnane for marketwatch.com. The new dividend will be payable June 13 to shareholders of record as of May 23.Shares fell 1.3% in premarket trade, and are down 36.7% in the last 12 months, while the S&P 500 SPX, -0.81% has gained 0.4%. Source: marketwatch.com

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Kohl’s stock shoots up after earnings beat, surprise same-store sales growth

“KSS, +7.42% hiked up 5.3% in premarket trade Tuesday, after the department store chain reported fiscal fourth-quarter results that beat expectations, boosted by surprise growth in same-store sales, and raised its dividend by 9.8%” writes Reporter Editor for marketwatch.com. The stock has edged up 0.6% over the past 12 months, while the S&P 500 SPX, +0.01% has gained 2.6%. Source: marketwatch.com

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Exclusive: Huawei plans billions in dividends for staff despite row with U.S. – sources

“That implies 20.3 billion shares currently outstanding, which would translate to a cash dividend of 21.3 billion yuan ($3.2 billion)” writes Midwest Communications Inc for 95kqds.com. The cash dividend can be as much as annual salary or even more, the sources said.According to the Securities Times report, its total dividend payout for 2017 was 16.8 billion yuan, equivalent to 35 percent of net profit.The company, which made a net profit of 47.5 billion yuan in 2017, is due to announce figures for last year in late March. Source: 95kqds.com

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RSA Insurance profit falls on London market losses

“RSA Insurance Group PLC (RSA.LN) said Thursday that underlying profit fell in 2018 after its London Market business was hit by large losses” writes Adam Clark for marketwatch.com. RSA said its underwriting profit fell 33% to GBP250 million, largely due to losses in the London business.The FTSE 100 insurer made an underlying pretax profit of 492 million pounds ($654 million), down from GBP620 million in 2017.On a statutory basis, pretax profit rose 7% to GBP480 million. Source: marketwatch.com

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Rio Tinto to pay special dividend as profit jumps

“SYDNEY–Rio Tinto PLC (RIO.LN) said it will pay a special dividend worth US$4 billion as it recorded a 56% rise in annual net profit” writes Rhiannon Hoyle for marketwatch.com. The world’s second-biggest miner by market value on Wednesday reported a net profit of US$13.64 billion for 2018, up from a profit of US$8.76 billion a year earlier.Rio Tinto, one of the world’s top iron-ore suppliers, said profit before one-off items was up 2% at US$8.81 billion underpinned by steady prices for commodities such as iron ore. Source: marketwatch.com

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California wants Silicon Valley to pay you a data dividend

“Another reason to pay attention to Newsom’s dividend talk: California, the home of Silicon Valley, has some of country’s most advanced data privacy laws” writes Laura Hautala for cnet.com. “We fully support the Governor’s data dividend proposal and expect to introduce legislation that reflects that in the coming weeks.”. After California’s data privacy law passed, major tech companies including Facebook and Google asked federal lawmakers to pass a privacy law to create a national standard.Otherwise, a data dividend “may create perverse incentives without ultimately addressing consumers’ privacy concerns.”. It isn’t…

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UBS to stick to dividend, capital returns plan after French verdict

“LONDON (Reuters) – UBS plans to stick to its proposed dividend for 2018 despite a 4.5 billion euro ($5.10 billion) hit from a French tax ruling that the bank has appealed, CEO Sergio Ermotti said on Friday” reports businessinsider.com. “There is no intention to deviate from our proposed 2018 dividend of 0.70 Swiss francs ($0.6994) per share,” Ermotti said in a call discussing the ruling’s implications with investors and analysts. “In respect to the outlook for our capital returns beyond the financial year 2018, we remain committed to our policy,”…

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