My Bet On Fannie Aug 30, 2008
But it can't pay dividends on the common while the preferred dividend is suspended. At a price of $12 its current yield is 17. (Forbes)
Moody's Cuts Fannie, Freddie Ratings Aug 23, 2008
It noted a worse and "more volatile" performance in Fannie and Freddie's mortgage portfolio than Moody's expected could lead to the firms breaching their capital requirements that govern their ability to pay a preferred dividend ... If a capital injection results in the subordination of the preferred stock, or in any missed preferred dividends, then Moody's would cut the preferred-stock rating further. (SmartMoney)
Fannie Mae posts 4th straight loss Aug 8, 2008
3-billion (U.S.), excluding preferred dividend payments, or $2 ... 95-billion, before preferred dividend payments, or $1 ... 57 per share before preferred dividend payments, in the first quarter of 2008. (Globe and Mail -- Business)
Mid-America Reports Second Quarter Results Aug 1, 2008
---------------------------------------------------------------------- CONSOLIDATED STATEMENTS OF OPERATIONS ---------------------------------------------------------------------- (in thousands except per share data) ---------------------------------------------------------------------- Three months ended Six months ended June 30, June 30, ----------------------------------------------- 2008 2007 2008 2007 --------- ----------- ---------- ---------- Property revenues $92,773 $86,779 $184,889... (PR Newswire)
Chi Mei Optoelectronics Announces Unaudited Second Quarter 2008 Jul 31, 2008
1% -- Notes (1) Including TFT-LCD related subsidiaries: NBCMO, NBCME, NHCMO, NHCME, CMOJ and CHE (2) EBITDA = Operation Income + Depreciation ization (3) Net income before preferred dividend (4) Calculation of basic EPS is after preferred dividend and based on weighted average of outstanding common shares (5) All figures are unaudited, prepared by Chi Mei Optoelectronics CMO with TFT Subsidiaries (1) 1H08 Income Statement -- YoY Comparison NT$ million % % YoY% Except Per Share Data 1H08 Revenue... (PR Newswire)
Freddie Mac strikes back Jul 19, 2008
By diluting the stake of existing shareholders and saddling the company with costly preferred dividend obligations, raising capital could be costly for Freddie (, ) and its shareholders, who have seen the value of their investments drop 75% over the past year ... Freddie's preferred dividend tab tripled from a year ago in the first quarter, to $272 million. (CNNMoney.com)
ATSI Communications posts record revenues at the voice carrier Jun 18, 2008
ATSI's management decided to reverse a previous preferred dividend of $600,000 in a move that allowed the company to avoid a loss for the quarter, according to a spokesman for the company. ATSI is a global Voice over Internet Protocol (VoIP) carrier that serves voice markets in Asia, Europe, the Middle East and Latin America, with an emphasis on Mexico. (San Antonio Business Journal, TX)
China Wind Systems, Inc. Reports First Quarter 2008 Results May 16, 2008
9 million non-cash deemed preferred dividend, totaled $(4 ... 3 million and a deemed preferred dividend of $2 ... 3 million and a deemed preferred dividend of $2. (PR Newswire)
FirstService Reports Fourth Quarter and Year-End Results May 15, 2008
23 per common share pro forma impact of the preferred dividends on prior period results ... 09 per common share pro forma impact of the preferred dividends on prior period results ... In addition, the Company is presenting the pro forma impact of the preferred dividends on comparative periods. (Primezone Releases)
AEGON N.V.: Strong Underlying Performance (Up 9%); Net Income Affected by Market Conditions May 7, 2008
31 Dec. 31 2008 2007 EUR millions Shareholders' equity at January 1 15,151 18,605 Net income 153 2,551 Movements in foreign currency translations (1,066) (1,445) reserve Movements in revaluation reserves (1,510) (2,164) Total recognized net income for the period (2,423) (1,058) Dividends paid on ordinary shares 0 (583) Preferred dividend 0 (85) Repurchased and sold own shares (73) (1,438) Coupons on perpetuals (net of tax) (46) (175) Other changes (12) (115) Shareholders' equity at end of period... (PR Newswire)
Fannie Mae posts $2.51 billion loss May 6, 2008
Fannie Mae posted a net loss, after payment of preferred dividends, of $2 ... A year earlier, just before the slump in the housing market torpedoed mortgage and credit markets, Fannie posted a profit, after preferred dividend payments, of $826 million, or 85 cents per share. (International Herald Tribune -- Business)
It's a gusher for Exxon Mobil May 2, 2008
Profit climbed to $745 million, or 51 cents per share, after preferred dividend payments in the quarter ended March 29, up from $405. 4 million, or 43 cents per share, in the prior year, the Woonsocket-based company said. (Boston Globe)
CVS Caremark 1Q profit rises as sales climb May 2, 2008
Profit climbed to $745 million, or 51 cents per share, after preferred dividend payments in the quarter ended March 29, up from $405 ... preferred dividend payments. (Yahoo News -- Pharmaceutical Industry News)
Detailed Terms of Sasol Inzalo Black Economic Empowerment ('BEE') Transaction and Withdrawal of Cautionary Announcement Mar 25, 2008
The Sasol Preferred Ordinary Shares will carry a cumulative preferred dividend right during the term of the Transaction, as follows: -- R16,00 per annum for each of the three years ending 30 June 2011; -- R22,00 per annum for the next three years until 30 June 2014; and -- R28,00 per annum for the last four years until 30 June 2018 ... The preferred dividend right of the Sasol Preferred Ordinary Shares will rank ahead of the dividend rights of the Sasol ordinary shares and Sasol BEE Ordinary... (PR Newswire)
Businesses Deliver Solid Underlying Growth and No Material Impairments to AEGON's Investments in 2007 Mar 6, 2008
86 (21) *) As adjusted for the retrospective application of the accounting change (see other explanatory notes) CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY amounts in millions At At Dec. 31 Dec. 31 2007 2006 *) EUR EUR Shareholders' equity at January 1 - as reported 19,276 Effect of change in accounting principles (net of income tax of EUR 236) (561) Shareholders' equity at January 1 - adjusted 18,605 18,715 Net income 2,551 3,169 Movements in foreign currency translations reserve... (PR Newswire)
ROE and the Basic DuPont Model Jan 16, 2008
Return on Owner s Equity = Net Income Preferred Dividend / Average Common Equity. Note that the rate of return on owner s equity reflects the company s overall business and financial risk, typically assumed by common shareholders. (Suite101.com)
EastGroup Properties Announces 2008 Earnings Guidance Jan 9, 2008
If redeemed, the original issuance costs of $674,000 would be reported similarly to a preferred dividend and would reduce net income and FFO available to common stockholders by that amount. The redemption and related costs are not included in guidance for 2008. (PR Newswire)
Edge Petroleum Announces Preferred Dividend Dec 20, 2007
You no longer need to remember symbols. Simply type in a company name or stock symbol for instant results. (Primezone Releases)
/FIRST ADD -- LNTH001 -- AEGON N.V. EARNINGS/ Nov 8, 2007
33 (20) *) As adjusted for the retrospective application of the accounting change (see other explanatory notes) CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY amounts in millions At At At Sept. 30 Sept. 30 Dec. 31 2007 2006*) 2006*) EUR EUR EUR Shareholders' equity at January 1 - as reported 19,276 19,276 Effect of change in accounting principles (net of income tax of EUR 236) (561) (561) Shareholders' equity at January 1 - adjusted 18,605 18,715 18,715 Net income 1,903 2,289 3,169... (PR Newswire)
Otter Tail Corporation Announces Third Quarter Earnings and Maintains 2007 Earnings Guidance; Board of Directors Declares Dividend Nov 2, 2007
Consolidated Statements of Income, Consolidated Balance Sheets - Assets, Consolidated Balance Sheets - Liabilities and Equity Otter Tail Corporation Consolidated Statements of Income For the three and nine months ended September 30, 2007 and 2006 In thousands, except share and per share amounts (not audited) Quarter Ended Year-to-date September 30, September 30, 2007 2006 2007 2006 Operating revenues by segment: Electric $72,110 $71,206 $232,662 $227,308 Plastics 36,975 45,941 114,319 136,731... (PR Newswire)
Sasol Announces South Africa's Single Largest Broad-Based BEE Ownership Transaction Sep 10, 2007
It is intended that these shares will carry a fixed cumulative preferred dividend right for a period of ten years. This fixed preferred dividend right will rank ahead of the dividend rights of existing ordinary shares ... In all respects, other than the fixed preferred dividend rights, the preferred ordinary shares will rank equal to the existing Sasol ordinary shares. (PR Newswire)
BRE Properties Declares Common Dividends Aug 16, 2007
75% Series C preferred dividend and the 6. 75% Series D preferred dividend. (PR Newswire)
Matt Krantz on stocks Aug 16, 2007
If companies have enough money to pay the preferred dividend, they must do so ... At the same time, preferred stocks are stocks, in that the companies may suspend the preferred dividend if they hit tough times. (USA Today -- Money)
VCG Holding Corp. Announces Record Second Quarter Results Aug 15, 2007
5 Preferred Dividend 447,256 -- N/A Net income applicable to common shareholders $ 455,513 $ 2,752,203 504 ... 17 Preferred Dividend (0. (Yahoo! Wire -- Entertainment News)
Otter Tail Corporation Announces Strong Second Quarter Earnings and Maintains 2007 Earnings Guidance; Board of Directors Declares Dividend Aug 7, 2007
Consolidated Statements of Income, Consolidated Balance Sheets -- Assets, Consolidated Balance Sheets -- Liabilities and Equity Otter Tail Corporation Consolidated Statements of Income For the three and six months ended June 30, 2007 and 2006 In thousands, except share and per share amounts (not audited) Quarter Ended June 30, Year-to-date June 30, 2007 2006 2007 2006 Operating revenues by segment: Electric $70,572 $73,518 $160,552 $156,102 Plastics 39,525 52,685 77,344 90,790 Manufacturing... (PR Newswire)
Arbor Realty Trust Announces Commitment to Fund Preferred Equity Investment in $8 Billion Purchase of Extended Stay Hotel Portfolio by the Lightstone Group Jun 7, 2007
The senior preferred equity will have a liquidation preference of $210 million, a 12% preferred dividend rate per annum (of which 10% will be paid currently and 2% will be permitted to accumulate) payable monthly, and will entitle the holders to receive a residual profits interest in the acquiror. The senior preferred equity (other than the residual profits interest) will be redeemable by the acquiror at any time, subject to certain limitations. (PR Newswire)
United Fuel & Energy Reports Results for the First Quarter of 2007 May 16, 2007
The company completed a preferred stock offering in April 2006 and therefore there were no preferred dividends in the first quarter of 2006 ... 7 million Preferred Dividend 1. (PR Newswire)
VCG Holding Corp. Announces Net Income for First Quarter 2007 up over 163% over Same Period 2006 May 16, 2007
9 Preferred Dividend 238,310 -- Net income applicable to common shareholders $ 146,960 $ 1,012,853 587 ... 07 Preferred Dividend (0. (Yahoo! Wire -- Entertainment News)
John Hancock Advisers Releases Portfolio Information for Closed-End Funds May 10, 2007
John Hancock Patriot Premium Dividend Fund I (NYSE: ) John Hancock Patriot Premium Dividend Fund II (NYSE: ) John Hancock Patriot Select Dividend Trust (NYSE: ) John Hancock Patriot Global Dividend Fund (NYSE: ) John Hancock Patriot Preferred Dividend Fund (NYSE: ) John Hancock Preferred Income Fund (NYSE: ) John Hancock Preferred Income Fund II (NYSE: ) John Hancock Preferred Income Fund III (NYSE: ) John Hancock Tax-Advantaged Dividend Income Fund (NYSE: ) John Hancock Investors Trust (NYSE: )... (PR Newswire)
AEGON Continues Strong Profitable Growth of New Business May 9, 2007
THE HAGUE, Netherlands, May 9 /PRNewswire-FirstCall/ -- VALUE OF NEW BUSINESS FOR Q1 2007 INCREASES to EUR 232 MILLION - Broad based contribution to Value of New Business growth; AEGON UK leads growth with 77%(i) increase in VNB - AEGON's (LSE: AGN , NYSE: AEG) internal rate of return increases to 17. 7% in the first quarter of 2006 - The internal rate of return in AEGON The Netherlands meets the internal hurdle rate NEW LIFE SALES(1) INCREASE 20%; total deposits increased by 21% - Record sales... (PR Newswire)
Otter Tail Corporation Announces First Quarter Earnings; Maintains 2007 Earnings Guidance May 8, 2007
Consolidated Statements of Income, Consolidated Balance Sheets - Assets, Consolidated Balance Sheets - Liabilities and Equity Otter Tail Corporation Consolidated Statements of Income For the three months ended March 31, 2007 and 2006 In thousands, except share and per share amounts (not audited) Quarter Ended March 31, 2007 2006 Operating revenues by segment: Electric $89,980 $82,584 Plastics 37,819 38,105 Manufacturing 86,225 68,257 Health services 32,963 32,076 Food ingredient processing... (PR Newswire)
John Hancock Advisers Releases: Three John Hancock Patriot Closed-End Funds' Shareholders Approve Reorganizations; One Meeting Adjourned for Further Voting May 3, 2007
Today, John Hancock Advisers announced the completion of shareholder meetings approving the reorganizations for the following funds: -- John Hancock Patriot Preferred Dividend Fund (NYSE: ) -- John Hancock Patriot Global Dividend Fund (NYSE: ) -- John Hancock Patriot Premium Dividend Fund I (NYSE: ) Subject to the satisfaction of certain conditions, the reorganizations of the acquired funds into PDT are expected to close on the following dates: -- PPF -- Tuesday, May 29, 2007 -- PGD -- Monday,... (PR Newswire)
John Hancock Advisers Declares Monthly Dividends May 2, 2007
BOSTON, May 1 /PRNewswire-FirstCall/ -- Nine John Hancock closed-end funds declared their monthly dividends today as follows: Declaration Date: May 1, 2007 Ex Date: May 9, 2007 Record Date: May 11, 2007 Payable Date: May 31, 2007* *Payable date for John Hancock Patriot Preferred Dividend Fund will be May 29, 2007 ... 25% - PPF Patriot Preferred Dividend Fund $0. (PR Newswire)
FFI Reports Second Quarter Operating Results Apr 14, 2007
" Holding Company and Corporate Analysis ess Outlook Holding Company and other expenses increased as a result of negative claims experience within the Company's self-insured health program, increases in executive compensation, increased interest and preferred dividend costs. Fisbeck concluded by saying, "as a result of the strategic initiatives mentioned above, I believe we will have positive operating results for the remainder of fiscal 2007," stated Fisbeck. "Our focus for the remainder of... (PR Newswire)
VCG Holding Corp. Announces Net Income up over 169% over 2005 and Updated Earnings Guidance Apr 4, 2007
$160,000 in offering costs included in the preferred dividend ... 2 Preferred Dividend 1,685,730 878,843 Net (loss) applicable to common shareholders $(1,271,251) $ 236,833 Net Income (loss) per share $ 0 ... 17 Preferred Dividend (0. (Yahoo! Wire -- Entertainment News)
Saul Centers Declares Quarterly Dividends Mar 15, 2007
The preferred dividend will be paid April 13, 2007 to holders of record on April 3, 2007. Saul Centers is a self-managed, self-administered equity real estate investment trust headquartered in Bethesda, Maryland. (PR Newswire)
AEGON Achieves Strong Growth in 2006 Mar 8, 2007
THE HAGUE, Netherlands, March 8 /PRNewswire-FirstCall/ -- - Solid financial performance - Net income increased 2% for the full year; operating earnings up 32% - Value of new business increased 41% totaling EUR 775 million, ahead of target to double VNB by 2010 - New life sales1) increased 20% with record sales in the UK and Poland. Sales in the Americas and Netherlands return to growth - year marked by successful expansion - Global pension capability expanded with new pension initiatives in... (PR Newswire)
HomeBanc Corp. Reports Fourth Quarter and Full Year 2006 Results and Update on 2007 Strategic Plans Feb 27, 2007
Series A Preferred Dividend HomeBanc also announced the regular quarterly dividend of $0. 625 per share on its 10% Series A Cumulative Redeemable Preferred Stock for the quarter ending March 31, 2007. (PR Newswire)
Pacific Gas and Electric Company Declares Preferred Stock Dividends Feb 23, 2007
In order to be considered a shareholder of record for the preferred dividend payments, investors must have purchased the stock at least three trading days before the applicable record date. Pacific Gas and Electric Company will pay dividends on its eight series of preferred stock as follows: First Preferred Stock, Quarterly Dividend to be Paid $25 Par Value Per Share Redeemable 5. (PR Newswire)
Stocks to Watch, Feb. 22 Feb 22, 2007
85 million preferred dividend. The Nashville, Tenn. (Fox News)
IPC Holdings, Ltd. Reports Fourth Quarter 2006 Results, Increases Quarterly Dividend By 25%, and Announces Estimate of Loss Range from Winter Storm Kyrill of $35 Million - $45 Million Feb 21, 2007
Quarter ended December 31, Year ended December 31, 2006 2005 2006 2005 (unaudited) (unaudited) (unaudited) (expressed in thousands of U.S. Dollars, except per share amounts) NET OPERATING INCOME (LOSS) $ 97,045 $ (68,459) $ 382,500 $(612,843) Net realized gains (losses) on investments 11,106 (6,376) 12,085 (10,556) NET INCOME (LOSS) $ 108,151 $ (74,835) $ 394,585 $(623,399) Preferred dividend 4,235 2,664 17,176 2,664 NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS $ 103,916 $ (77,499) $... (PR Newswire)
NHP Reports 2006 Earnings Up $0.09 Per Share, $1 Billion of Investments & 2007 Guidance Feb 14, 2007
79 Weighted average shares outstanding 85,499 67,765 77,879 67,446 NATIONWIDE HEALTH PROPERTIES, INC. RECONCILIATION OF NET INCOME TO FUNDS FROM OPERATIONS DECEMBER 31, 2006 (IN THOUSANDS EXCEPT PER SHARE AMOUNTS) Three Months Ended Twelve Months Ended December 31, December 31, 2006 2005 2006 2005 Net income $102,757 $23,883 $185,577 $69,941 Preferred stock dividends (3,791) (3,791) (15,163) (15,622) Preferred stock redemption charge -- -- -- (795) Real estate related depreciation and... (PR Newswire)
Otter Tail Corporation Reports Record Revenues, Earnings Per Share of $1.70 for 2006; Board Approves Dividend Increase Feb 6, 2007
Consolidated Statements of Income, Consolidated Balance Sheets - Assets, Consolidated Balance Sheets - Liabilities and Equity Otter Tail Corporation Consolidated Statements of Income For the three and twelve months ended December 31, 2006 and 2005 In thousands, except share and per share amounts Quarter Ended Year to date - December 31, December 31, 2006 2005 2006 2005 Operating revenues by segment: Electric $78,706 $79,582 $306,014 $312,985 Plastics 26,404 44,927 163,135 158,548 Manufacturing... (PR Newswire)
Raytheon income up in 4th quarter Feb 3, 2007
Results included preferred dividend payments of $3. 6 million. (Boston Globe)
Vectren Corporation Reports Fiscal 2006 Results Feb 1, 2007
1 MINORITY INTEREST PREFERRED DIVIDEND REQUIREMENT OF SUBSIDIARIES 0. 1 0. (PR Newswire)
CVS profit lifted by generic drug sales Feb 1, 2007
Results included preferred dividend payments of $3 ... Results included preferred dividend payments of $14. (Globe and Mail -- Business)
