Thursday, July 12, 2012

Stocks Making News (PSLV, SAP, PG, JCP, PAYX)

Sprott Physical Silver Trust ETV (NYSEARCA:PSLV) shares declined 5.05% to $10.90 in the morning hour after the trust announced that it has priced its follow-on offering of 18,100,000 transferable, redeemable units of the Trust ("Units") at a price of US$11.05 per Unit. As part of the Offering, the Trust has granted the underwriters an over-allotment option to purchase up to 2,715,000 additional Units. The gross proceeds from the Offering will be US$200,005,000 (US$230,005,750 if the underwriters exercise in full the over-allotment option).

SAP AG (ADR) (NYSE:SAP) stock gained 2.77% to $58.30 in the early hour after the company’s second-quarter operating profit rose 7% on the year, beating analysts' estimates. Second-quarter license sales increased 26% to 1.06 billion ($1.3 billion), above the EUR985 million analysts expected. The company said operating profit rose to EUR920 million from EUR860 million a year earlier. Analysts earlier this month forecast second-quarter operating profit of EUR880 million. The company plans to release its full second-quarter results on July 24.

The Procter & Gamble Company (NYSE:PG) stock increased 3.31% to $63.43 in the morning hour. On July 10, 2012, the company announced that its Board of Directors declared a quarterly dividend of $0.562 per share on the Common Stock and on the Series A and Series B ESOP Convertible Class A Preferred Stock of the Company, payable on or after August 15, 2012 to Common Stock and Series A and Series B ESOP Convertible Class A Preferred Stock shareholders of record at the close of business on July 20, 2012.

J.C. Penney Company, Inc. (NYSE:JCP) shares fell 1.08% to $20.08 in the early hour after Standard & Poor's Ratings Services said that it has lowered its corporate credit rating on department store chain J.C. Penney to 'B+' from 'BB-'. Simultaneously, S&P removed all ratings from CreditWatch with negative implications, where they were placed on May 17. The outlook is negative. S&P said the ratings on J.C. Penney reflect its assessment that the company's business risk profile is weak and its financial risk profile is highly leveraged.

Paychex, Inc. (NASDAQ:PAYX) shares declined 0.98% to $31.34 in the morning hour after the company announced that the Board of Directors have declared a regular quarterly dividend of $.32 per share payable August 15, 2012 to shareholders of record August 1, 2012.

1 comment:

  1. A dividend is an amount of money paid by a corporation to its shareholders. Dividends are paid with after tax money.

    preferred dividend


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