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Daily Dividend Report: UBSI, SIX, CINF, WLK, EPR

“EPR Properties (EPR) announced that its Board of Trustees has declared its monthly cash dividend to common shareholders” writes Bnk Invest for nasdaq.com. The dividend of $0.375 per common share is payable December 16, 2019 to shareholders of record on November 29, 2019.Cincinnati Financial Corporation (CINF) declared a 56-cents-per-share regular quarterly cash dividend.Westlake Chemical Corporation (WLK) declared today a regular dividend distribution of $0.2625 per share for the third quarter of 2019.United Bankshares (UBSI) announced that its Board of Directors declared a fourth quarter dividend of $0.35 per share for…

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Six Flags bumps up dividend by a penny, to yield more than 7.4%

“Based on Friday’s stock closing price of $44.60, the new annual dividend rate of $3.32 a share implies a dividend yield of 7.44%, which is nearly 4-times the implied yield for the S&P 500 SPX, +0.95% of 1.90%, according to FactSet” writes Reporter Editor for marketwatch.com. The stock, which slipped 0.5% in premarket trading, has dropped 20.6% over the past three months, while the S&P 500 has gained 8.0%.The theme park company’s new dividend will be payable Dec. 9 to shareholders of record on Nov. 29.SIX, -0.67% said Monday it…

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USA Today owner Gannett finalizes deal to become nation’s largest newspaper publisher

“Joining Reed, who is chairman, are former gambling executive Kevin Sheehan, marketing executive Mayur Gupta, finance executive Theodore Janulis, Gannett Chairman John Jeffry Louis, marketing executive Maria Miller, marketing consultant Debra Sandler, former footwear executive Laurence Tarica and Barbara Wall, chief legal officer at Gannett” writes Reporter Covering Economic for washingtonpost.com. Gannett has been pushing to bring in digital advertising and subscription revenue, but Arthur said both firms missed his most recent revenue targets.Gannett was last on the Fortune 500 list in 2014, and in the past two years, the…

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Management Board and Supervisory Board of comdirect voice opinion about Commerzbank offer

“The Management Board and the Supervisory Board believe that the amount of the offer price is adequate” reports financefeeds.com. The Management Board and the Supervisory Board of comdirect bank today published their Joint Reasoned Statement on the public takeover offer made by Commerzbank to the shareholders of comdirect.The Management Board and the Supervisory Board can comprehend some of the strategic motives of the bidder.The Management Board and the Supervisory Board acknowledge that the Offer provides to short-term oriented comdirect shareholders the opportunity of a quick and safe realisation of value and recommend…

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£4.9 billion bid battle for Just Eat heats up as Naspers changes deal terms

“But it said it would now accept the approval of 75% of Just Eat shareholders, compared with the 90% it previously said it needed” writes Lina Saigol for marketwatch.com. The bid battle for Just Eat, the U.K. food-delivery company, heated up on Monday after South African tech conglomerate Naspers changed the terms of its £4.9 billion hostile bid to try to secure the backing of shareholders.The board of Just Eat has rebuffed the Prosus offer, claiming it “significantly undervalued” the U.K. company.Takeaway last week also tweaked the terms of its…

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A former WeWork employee is suing over Adam Neumann’s $1.7 billion golden parachute

“A former employee is taking WeWork to court over cofounder Adam Neumann’s reported $1.7 billion golden parachute” writes Finanzen Net Gmbh for businessinsider.com. Neumann’s reported leaving package is “substantially unfair” and would cause “significant damage” to minority shareholders as the value of their stock and stock options has been “eviscerated due to Neumann’s wrongdoing,” the lawsuit claims. Source: businessinsider.com

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LSE investors to vote on Refinitiv deal on November 26

“(Reuters) – London Stock Exchange Group Plc said on Wednesday its shareholders would vote on Nov. 26 on whether to approve its $27 billion deal to buy data provider Refinitiv” writes Midwest Communications Inc for 95kqds.com. The LSE agreed to buy the financial information provider in August, in a deal aimed at offering trading across regions and currencies. The deal was announced 10 months after a Blackstone-led.  Source: 95kqds.com

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SEC proposes limits on shareholder campaigns — a win for CEOs

“Proxy advisory firms would generally be required to share recommendations twice with management before shareholders could see them, according to an SEC official” writes Bloomberg Delivers Business for latimes.com. The Securities and Exchange Commission proposed changes Tuesday that would rein in proxy advisory firms and make it easier for companies to block submissions from newer stockholders who don’t own many shares.U.S. business titans are a step closer to victory in a long fight to overhaul corporate voting rules that they say subject them to unfair shareholder campaigns.The agency also calls…

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Danske Bank sees profit at lower end of range as money laundering probes continue

“Danske Bank AS on Friday reported a 23% rise in third-quarter net profit on lower costs, but warned that it now expects net profit for the year to be at the lower end of its guided range” writes Dominic Chopping for marketwatch.com. Danske reiterated its full-year guidance for net profit of DKK13 billion-DKK15 billion but said it now expects to land towards the lower end of that range.The Copenhagen-based bank was expected to deliver a net profit of DKK2.91 billion, according to a poll of analysts provided by FactSet.Vogelzang said…

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Grubhub cuts revenue outlook, shares tumble

“Shares in Grubhub plunged 43% Tuesday after it sharply cut its revenue expectations for the year and warned of intense competition” writes Joe Henricksen for suntimes.com. Grubhub, facing significant pressure from new rivals including UberEats, DoorDash and PostMates, cut its fourth-quarter revenue projections to between $315 million and $335 million.It is the worst single-day decline for shares since the company went public almost six years ago. Source: suntimes.com

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