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June 16, 2010 | Los Angeles Times
BP Chairman Carl-Henric Svanberg said today that the oil company's board of directors has decided not to pay any more dividends this year. BP has been under intense pressure from the Obama administration to cut or eliminate the $10.5 billion it distributes to shareholders. Svanberg, speaking to reporters outside the White House following a meeting with President Obama, didn't say how long the dividend would be suspended.
March 26, 2014 | By Jim Puzzanghera and E. Scott Reckard
WASHINGTON - Federal regulators rejected plans by Citigroup Inc. and four other large U.S. banks for dividend payments and stock buybacks after the latest round of stress tests. The results raised concerns about weaknesses in the risk-planning processes of Citi and three of the banks, the Federal Reserve said Wednesday. It was the second time in three years that Citi failed a federal stress test. Citi's chief executive, Michael Corbat, said he was "deeply disappointed" by the Fed's findings, asserting that the nation's third-largest bank by assets was "one of the best-capitalized financial institutions in the world.
April 19, 2011
Goldman Sachs took a hit to its first quarter earnings after paying dividends to billionaire investor Warren Buffett's company, which invested $5 billion in the bank at the height of the financial crisis in 2008. The investment bank's first-quarter income fell 72 percent to $908 million after it paid $1.64 billion in dividends to Berkshire Hathaway Inc. Goldman Sachs Group Inc. said its revenue fell 7 percent to $11.9 billion on weakness in some of its core businesses including stock and bond trading and advising clients.
March 24, 2014
The company: Tilly's Inc. Headquarters: Irvine Ticker: TLYS Employees: 1,200 Leadership: Daniel Griesemer, 54, chief executive since 2011 Fiscal 2013 revenue: $495.8 million Fiscal 2013 net income: $18.1 million Stock price: $12.53 at Friday's close 52-week range: $10.59 to $17.35 P/E ratio: 15, based on estimated 2014 earnings Quarterly dividend: none
January 10, 2013 | By Jerry Hirsch
Ford Motor Co. declared a first-quarter dividend of $0.10 per share, double the quarterly dividend it paid last year. The automaker had only reinstated paying dividends last year as preserved cash to survive the recession and U.S. auto industry restructuring of recent years. “Our ability to double our dividend in one year is a testament to our One Ford plan, which has enabled us to maintain a solid balance sheet, while at the same time growing our business to provide our shareholders with more return on their investments,” said Bob Shanks, Ford's chief financial officer.
June 16, 2010 | By Walter Hamilton and Tom Petruno, Los Angeles Times
The threat of a reduction in the dividend paid by energy giant BP is bringing up bad memories for investors who have suffered similar cuts by other once-reliable companies in the last decade. Under pressure from the Obama administration to show it can foot the bill for the oil spill cleanup in the Gulf of Mexico, BP is contemplating slashing or even suspending the $10.5 billion a year it currently distributes to its shareholders. A decision could come Wednesday after company executives meet with the president.
March 23, 2011 | By Rick Rothacker
Bank of America Corp. revealed Wednesday that the Federal Reserve rejected its plan for a modest dividend increase in the second half of the year, even as other large banks are raising dividends in the first half of the year. The bank, based in Charlotte, said in a securities filing that it would continue to work with the Fed and planned to submit a revised capital plan that would again call for a modest increase in the quarterly dividend, now at 1 cent a share. A spokesman said BofA would resubmit its proposal in "the coming months.
March 19, 2012 | By David Sarno
Apple Inc. said today it will begin spending part of its nearly $100-billion cash stockpile on a quarterly dividend, as well as a three-year stock buyback program. The company said it will pay shareholders $2.65 per share each quarter beginning in Apple's fiscal fourth quarter, which starts July 1. The company said it hopes the dividend will make Apple stock a more attractive investment to wider base of investors, including those looking to make regular income from owning the stock.
July 24, 2012 | By Salvador Rodriguez
Apple Inc.announced it would pay a dividend of $2.65 per share on Aug. 16. The company made the announcement during its fiscal third-quarter earnings call Tuesday afternoon, saying the dividends will go to Apple stockholders of record on the close of business Aug. 13. “We're continuing to invest in the growth of our business and are pleased to be declaring a dividend of $2.65 per share,” Peter Oppenheimer, Apple's chief financial officer, ...
March 19, 2011 | By Jim Puzzanghera, Los Angeles Times
The Federal Reserve is letting some of the nation's 19 largest banks increase or restart dividend payments, freeing them from restrictions in place since early 2009. The Fed's decision came after it completed a second round of extensive "stress tests" on the banks to determine whether they could release some of their capital reserves and still withstand future economic shocks. Some of the banks, such as Wells Fargo & Co. in San Francisco and JPMorgan Chase & Co. in New York, quickly announced increases in dividends following the Fed's statement Friday.
March 10, 2014
The company: AMN Healthcare Services Inc. Headquarters: San Diego Ticker: AHS Employees: 1,900 Leadership: Susan R. Salka, 49, chief executive since 2005 2013 revenue: $1 billion 2013 net income: $32.9 million Stock price: $14.47 at Friday's close 52-week range : $11.30 to $16.20 P/E ratio: 20, based on estimated 2014 earnings Quarterly dividend: none
March 2, 2014
The company: William Lyon Homes Headquarters: Newport Beach Ticker: WLH Employees: 225 Leadership: Bill H. Lyon, 39, chief executive since March 2013 2013 revenue: $573 million 2013 net income: $128 million Stock price: $30.93 at Friday's close 52-week range: $10.31 to $34.98 P/E ratio: 16, based on estimated 2014 earnings Dividend: none
February 18, 2014 | By Robert Channick
In spinning off its publishing business, Tribune Co. will pick up a dividend that could be about $325 million from the new public company, which would consist of the Los Angeles Times, the Chicago Tribune and six other daily newspapers. Although the exact amount won't be determined until the separation agreement is final, expected in midyear, Tribune has indicated that the dividend it would receive from Tribune Publishing Co. would be worth about $325 million. That figure is contained in a document related to Tribune's purchase in December of a group of television stations.
January 2, 2014 | By Jim Puzzanghera
WASHINGTON - Federal officials swooped in to rescue mortgage finance giants Fannie Mae and Freddie Mac in 2008 with the largest of all the financial crisis bailouts - a combined $187.5 billion - because they were considered too big to fail. Now, despite bipartisan support to shut them down, Fannie and Freddie may prove to be too profitable to close. Fannie and Freddie play a vital role in the mortgage market by purchasing or guaranteeing more than 6 in 10 new loans. And the housing market's recovery has reversed the finances of the once-private companies, now wards of the U.S. government.
December 30, 2013
The company: Jacobs Engineering Group Inc. Headquarters: Pasadena Ticker: JEC Employees: 48,600 Leadership: Craig L. Martin, chief executive since 2006 Fiscal 2013 revenue: $11.8 billion Fiscal 2013 net income: $423 million Stock price: $61.73 at Friday's close 52-week range: $41.50 to $64.27 P/E ratio: 17, based on estimated fiscal 2014 earnings Quarterly dividend: none
December 16, 2013
The company: Reliance Steel & Aluminum Co. Headquarters: Los Angeles Ticker: RS Employees: 14,000 Leadership: David Hannah, chief executive since 1999 2012 revenue: $8.4 billion 2012 net income: $404 million Stock price: $72.34 at Friday's close 52-week range: $59.16 to $76.78 P/E ratio: 17, based on estimated 2013 earnings Quarterly dividend: 33 cents, a current yield of 1.8%
June 11, 2008 | From Bloomberg News
Goldman Sachs Group Inc., Citigroup Inc. and Bank of America Corp. may announce "dramatic" dividend cuts, according to a Deutsche Bank analysis of options trading and prices. "The option market is pricing in a dividend cut for virtually every major U.S. financial services company," derivatives strategists Scott Weiner and Chris Hauck wrote. Goldman, the world's biggest securities firm, may reduce its dividend by 26 cents to 9 cents. Bank of America, the second-largest U.S. bank by assets, may cut its dividend by 26 cents to 38 cents.
March 21, 2012 | By Jessica Guynn, Los Angeles Times
Dave Whitby bought his first shares of Apple Inc. stock in 2005 for $52 each. The 64-year-old database consultant has been buying shares ever since. Last year he sold enough for a big down payment on a new home in Altadena. Whitby is one of a fervent band of Apple faithful who for years have been accumulating small stakes in Apple. They bought shares as they bought Apple's popular devices that, like its stock, keep shattering sales records. Now Apple is the world's most valuable company and ranks as one the most profitable investments of the last decade.
December 15, 2013 | By David P. Barash
On Dec. 1, 1948 - 65 years ago this month - Jose Figueres, then president of Costa Rica, made a fiery and eloquent speech, after which he took a sledgehammer and bashed a hole in a huge stone wall at the nation's military headquarters, Cuartel Bellavista. Its imposing towers and massive gates had loomed over the capital city of San Jose since 1917, the country's premier symbol of military power and the home of the "Tico" military establishment. Figueres was not just being a showman; he was announcing something truly extraordinary: Henceforth, Costa Rica would take the almost unheard-of step of renouncing its military.
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