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