Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
(IMO) With the stock price drop and volume increase + the insiders have the report and we don`t/check this link often,and trust no one.
http://www.canadianinsider.com/node/7?menu_tickersearch=AMY+|+American+Manganese
(RTTNews) - Anixter International Inc. (AXE: News ) said its net income for the first quarter improved to $55.6 million or $1.62 per share from $40.9 million or $1.13 per share in the prior year.
Net sales for the quarter advanced to $1.52 billion from $1.47 billion in the previous year.
Analysts polled by Thomson Reuters expected the company to report earnings of $1.42 per share on revenues of $1.53 billion for the quarter. Analysts' estimates typically exclude special items.
Separately, Anixter announced that its Board of Directors declared the payment of a special dividend to shareholders of $4.50 per common share, or a total cash outlay of approximately $150 million. The special dividend is payable on May 31, 2012 to shareholders of record on May 16, 2012.
A non chemical hornet nest destroyer
http://www.liveleak.com/view?i=58a_1334208978
It`s a system to pay large stockholders (insiders) and pay a small amount in taxes.I was hoping apple would lay a giant golden dividend egg but they think that billions in the bank are better for the company.
The special dividends are to cheat the tax`s owed (IMO)
G&K Services Declares Special Cash Dividend of $6.00 Per Share
Announces 50 Percent Increase to Regular Quarterly Cash Dividend
MINNEAPOLIS, Apr 04, 2012 (BUSINESS WIRE) -- --Company Will Pursue Opportunistic Share Repurchases
--Delivers Significant Shareholder Value and Maintains Operating Flexibility
G&K Services, Inc. GKSR +7.29% announced today that its Board of Directors declared a special cash dividend of $6.00 per share, payable on April 27, 2012 to shareholders of record at the close of business on April 13, 2012. The stock will begin to trade ex-dividend on April 11, 2012.
Additionally, G&K’s Board of Directors announced a 50 percent increase in the company’s regular quarterly cash dividend to $0.195 per share. This is G&K’s seventh consecutive year with a dividend increase.
Finally, the company will also opportunistically pursue open market share repurchases as another option to improve shareholder returns. The company has approximately $58 million remaining under its existing share repurchase authorization.
“Our Game Plan is working,” said Douglas A. Milroy, Chief Executive Officer. “Since its introduction in fiscal 2010, we’ve restored organic growth, significantly expanded operating margins, produced strong cash flow, and retired over $100 million in debt. Our improved performance gives us the confidence to increase shareholder returns through today’s actions.”
G&K Services Declares Special Cash Dividend of $6.00 Per Share
Announces 50 Percent Increase to Regular Quarterly Cash Dividend
MINNEAPOLIS, Apr 04, 2012 (BUSINESS WIRE) -- --Company Will Pursue Opportunistic Share Repurchases
--Delivers Significant Shareholder Value and Maintains Operating Flexibility
G&K Services, Inc. GKSR +7.29% announced today that its Board of Directors declared a special cash dividend of $6.00 per share, payable on April 27, 2012 to shareholders of record at the close of business on April 13, 2012. The stock will begin to trade ex-dividend on April 11, 2012.
Additionally, G&K’s Board of Directors announced a 50 percent increase in the company’s regular quarterly cash dividend to $0.195 per share. This is G&K’s seventh consecutive year with a dividend increase.
Finally, the company will also opportunistically pursue open market share repurchases as another option to improve shareholder returns. The company has approximately $58 million remaining under its existing share repurchase authorization.
“Our Game Plan is working,” said Douglas A. Milroy, Chief Executive Officer. “Since its introduction in fiscal 2010, we’ve restored organic growth, significantly expanded operating margins, produced strong cash flow, and retired over $100 million in debt. Our improved performance gives us the confidence to increase shareholder returns through today’s actions.”
Loral Declares Dividend of $13.60 per Share
Dividend Payable April 20, 2012 to Shareholders of Record as of April 10, 2012
NEW YORK, NY, Mar 28, 2012 (MARKETWIRE via COMTEX) -- Loral Space & Communications Inc. LORL -0.38% today announced that its Board of Directors has declared a special dividend of $13.60 per share for an aggregate dividend of up to $421 million. The dividend is payable on April 20, 2012 to holders of record of Loral voting and non-voting common stock as of April 10, 2012. As of March 27, 2012, there were outstanding 21,117,311 shares of Loral voting common stock and 9,505,673 shares of Loral non-voting stock.
Loral's declaration of this special dividend is a direct result of Telesat's completion today of a refinancing and recapitalization transaction which resulted in a dividend from Telesat to Loral. As part of the transaction, Telesat entered into a new credit agreement that replaced its existing credit agreement and increased its indebtedness by approximately $490 million. Commenting on Telesat's refinancing, Michael B. Targoff, Chief Executive Officer of Loral, said: "I am particularly gratified that Telesat was able to raise approximately $2.5 billion of bank financing with an average annual interest rate of approximately 4.4%, another testament to the strength of the Telesat business."
In addition, the Board of Directors and shareholders of Telesat approved payments to Telesat's option holders and distributions to Telesat's shareholders of CAD 705 million in the aggregate, of which a total of CAD 420 million will be paid to Loral. The distributions by Telesat to its shareholders were authorized to be paid in two tranches; the first tranche was paid by Telesat on March 28, 2012, the closing date of the transaction, with Loral receiving CAD 375 million, and the second tranche is planned for payment in the third quarter of 2012 with Loral to receive CAD 45 million. The dividend to be paid to Loral's shareholders approximates the full amount of both dividend tranches to be received by Loral from Telesat. Pending receipt of the second tranche from Telesat, Loral will use its available cash balance to fund the difference between the Loral dividend being paid and the proceeds received from Telesat.
Regarding the dividend, Mr. Targoff said: "Our investment in Telesat has provided Loral with handsome book returns and growth since our acquisition. Receipt of this significant dividend from Telesat is a partial realization of this investment, and we are pleased to be able to share that with Loral's shareholders."
About Loral Space & Communications Inc. Loral Space & Communications is a satellite communications company. It is a world-class leader in the design and manufacture of satellites and satellite systems for commercial and government applications including fixed satellite services, direct-to-home television, broadband communications, wireless telephony, weather monitoring and air traffic management. Loral also owns 64 percent of Telesat Canada, a global operator of telecommunications and direct broadcast satellites used to distribute video entertainment programming, broadband data, and provide access to Internet services and other value-added communications services. For more information, visit Loral's web site at www.loral.com . LORL-F
Loral Declares Dividend of $13.60 per Share
Dividend Payable April 20, 2012 to Shareholders of Record as of April 10, 2012
NEW YORK, NY, Mar 28, 2012 (MARKETWIRE via COMTEX) -- Loral Space & Communications Inc. LORL -0.38% today announced that its Board of Directors has declared a special dividend of $13.60 per share for an aggregate dividend of up to $421 million. The dividend is payable on April 20, 2012 to holders of record of Loral voting and non-voting common stock as of April 10, 2012. As of March 27, 2012, there were outstanding 21,117,311 shares of Loral voting common stock and 9,505,673 shares of Loral non-voting stock.
Loral's declaration of this special dividend is a direct result of Telesat's completion today of a refinancing and recapitalization transaction which resulted in a dividend from Telesat to Loral. As part of the transaction, Telesat entered into a new credit agreement that replaced its existing credit agreement and increased its indebtedness by approximately $490 million. Commenting on Telesat's refinancing, Michael B. Targoff, Chief Executive Officer of Loral, said: "I am particularly gratified that Telesat was able to raise approximately $2.5 billion of bank financing with an average annual interest rate of approximately 4.4%, another testament to the strength of the Telesat business."
In addition, the Board of Directors and shareholders of Telesat approved payments to Telesat's option holders and distributions to Telesat's shareholders of CAD 705 million in the aggregate, of which a total of CAD 420 million will be paid to Loral. The distributions by Telesat to its shareholders were authorized to be paid in two tranches; the first tranche was paid by Telesat on March 28, 2012, the closing date of the transaction, with Loral receiving CAD 375 million, and the second tranche is planned for payment in the third quarter of 2012 with Loral to receive CAD 45 million. The dividend to be paid to Loral's shareholders approximates the full amount of both dividend tranches to be received by Loral from Telesat. Pending receipt of the second tranche from Telesat, Loral will use its available cash balance to fund the difference between the Loral dividend being paid and the proceeds received from Telesat.
Regarding the dividend, Mr. Targoff said: "Our investment in Telesat has provided Loral with handsome book returns and growth since our acquisition. Receipt of this significant dividend from Telesat is a partial realization of this investment, and we are pleased to be able to share that with Loral's shareholders."
About Loral Space & Communications Inc. Loral Space & Communications is a satellite communications company. It is a world-class leader in the design and manufacture of satellites and satellite systems for commercial and government applications including fixed satellite services, direct-to-home television, broadband communications, wireless telephony, weather monitoring and air traffic management. Loral also owns 64 percent of Telesat Canada, a global operator of telecommunications and direct broadcast satellites used to distribute video entertainment programming, broadband data, and provide access to Internet services and other value-added communications services. For more information, visit Loral's web site at www.loral.com . LORL-F
Good quality post,just facts ,as ugly as the are.I hope it`s a wakeup call that no one likes delays.
This is not my first startup miner stock,it`s just leaving us feeling played.
If you find out it`s going to be late again ,man-up and say so not wait until the last week when everyones glued to the news !!
This is chicken s---
ALERT ! Armstrong World Industries Declares Special Cash Dividend
LANCASTER, Pa., March 23, 2012 /PRNewswire via COMTEX/ -- Armstrong World Industries, Inc. AWI +0.11% today announced that its board of directors has declared a special cash dividend of $8.55 per share. The dividend will be paid on April 10, 2012 to shareholders of record as of April 3, 2012. The ex-dividend date will be March 30, 2012. The dividend will be funded in part by surplus cash on the Company's balance sheet, and in part by the additional $250 million of debt that the Company successfully issued in the term loan B market via an expansion of its existing senior credit facility from $1.05 billion to $1.3 billion.
10% special dividend Mar 20, 2012 (GlobeNewswire via COMTEX) -- P.A.M. Transportation Services, Inc. PTSI -2.03% today announced its Board of Directors has approved a special one-time dividend of $1.00 per share. The dividend is payable on April 9, 2012 to stockholders of record at the close of business on March 30, 2012. A total of approximately $8.7 million will be paid on the Company's 8.7 million outstanding shares of common stock as a result of the special dividend.
P.A.M. Transportation Services, Inc. is a leading truckload dry van carrier transporting general commodities throughout the continental United States, as well as in the Canadian provinces of Ontario and Quebec. The Company also provides transportation services in Mexico through its gateways in Laredo and El Paso, Texas under agreements with Mexican carriers.
The PAM Transportation Services, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5148
"The field trip will be open to the public."
Nothing like seeing upclose with the company,s OK
March 19, 2012 /PRNewswire via COMTEX/ -- Universal Truckload Services, Inc. UACL +1.60% today announced its Board of Directors has approved a special cash dividend of $1.00 per share. The dividend is payable on April 5, 2012 to stockholders of record at the close of business on March 26, 2012. A total of approximately $15.5 million will be paid on the Company's 15.5 million outstanding shares of common stock as a result of the special dividend.
On WatchSAN FRANCISCO (MarketWatch) — Apple Inc. plans to host a special call with investors early Monday morning to announce a decision about the use of a massive cash hoard that was near $100 billion at the end of last year.
Reuters
Tim Cook, left, with the late Apple CEO and co-founder Steve Jobs at an event on July 16, 2010. Jobs was dismissive of paying a dividend, but Cook says he is “not religious” about the issue. Apple will hold a special call on Monday morning.
In a brief statement issued Sunday, Apple AAPL +2.94% said that Chief Executive Officer Tim Cook and Chief Financial Officer Peter Oppenheimer will host the call, to begin at 9 a.m. Eastern time. The purpose of the call will be “to announce the outcome of the company’s discussions concerning its cash balance,” the statement read.
The company added that it will “not be providing an update on the current quarter nor will any topics be discussed other than cash.”
Among other topics of interest might have been the success of the launch of the new iPad, which hit stores in the U.S. and nine other countries Friday.
Apple’s large cash balance has been a growing topic of interest for investors, with many calling on the company to consider a dividend. The company’s cash, short-term equivalents and long-term investments totaled $97.6 billion at the conclusion of its most recently reported quarter on Dec. 31.
Apple paid a quarterly dividend for an eight-year period that ended in late 1995 — prior to the return of co-founder Steve Jobs, who took back the CEO post at the company nearly until his death late last year from cancer.
Jobs was famously cool to the idea of dividends. At a shareholder meeting in February 2010, Jobs said dividends do not increase the value of the company for shareholders. At the time, the company’s cash balance was around the $40 billion mark. See previous story on Jobs's comments about Apple's cash.
“Which would you rather have us be: a company with our stock price and $40 billion in the bank or a company with our stock price and no cash in the bank?” he asked at the meeting.
Tim Cook, who took over the CEO post shortly before Jobs’s death, has said he is “not religious” one way or another about dividends, and has recently maintained that the company’s board of directors has been studying the topic of its use of cash.
Domino's issues special dividend, shares rise
ANN ARBOR, Mich. — Domino's Pizza Inc.'s shares jumped in after-hours trading Friday after it announced that it completed its recapitalization plan and is issuing a $3-per-share special dividend.
Domino's recapitalization plan included the placement of a $1.675 billion securitized debt facility, which replaces an earlier higher-interest debt facility. That lowered its interest payments and gave it a fixed interest rate for the next seven years. It also includes an available revolver, which gives the company more financial flexibility.
The private placement deal includes $1.575 billion of senior fixed notes and $100 million of variable funding senior notes. The company will use the proceeds to repay outstanding notes and accrued interest. The remainder will be used for the dividend.
The special dividend will be paid April 2 to shareholders of record as of March 26.
Domino's also said that it may buy back more of its shares. It has $82.3 million remaining under an existing $200 million repurchase program.
$2.00 dividendPerfect World Announces A $2.00 Per Share Dividend On Record Q4 2011 Earnings
March 16, 2012
For investors in Perfect World (PWRD), its stock performance has been far from anything close to resembling the company's namesake in the past year. At one point, the company's U.S. listed shares had fallen over 60% from valuations at the start of 2011. Much of the poor performance simply mirrored investor fears over Chinese companies after fraud allegations surfaced on a number of names. Panic may have peaked after PWRD shares dropped as much as 30% in a single day after an anonymous blogger in China accused the company and its CEO of fraud prompting a quick formal corporate response. At least in the near term, investors may catch a break after Perfect World announced its fourth quarter 2011 earnings report which not only exceeded Wall Street consensus but also included an announcement of a $2.00 per share special dividend.
I sure hope the million dollar check clears ontime,it`s been a long dry spell for good news.
Thanks for the info/do you think the upcoming report costs are in the filings? Anyway this year should define timelines with the report release and getting our own report from the posters who said they would snoop-around the area and talk to the locals.
So what`s your best guess on cash left ?
(LOL) sulphur is what I concluded also,anything of value is long gone from the dump.
EV Battery Might Triple Electric Car Range
Charles Murray, Senior Technical Editor, Electronics & Test
3/6/2012 12 comments
A startup company has created a low-cost electric car battery with an energy density they say is almost three times as high as that of the Nissan Leaf battery.
California-based Envia Systems said that in tests performed under the sponsorship of the US Advanced Research Projects Agency, its new battery achieved energy densities of about 400Wh/kg. If the company is able to carry its battery's energy levels forward to high production volumes, it could enable creation of electric cars with a 300-mile all-electric range. What's more, Envia said it could create the new battery for less than half the cost of existing technology....
...Envia's technology could potentially change all that, boosting EV range to as much as 300 miles, while cutting battery costs to between $125/kWh and $150/kWh. The company's engineers accomplished that by creating their own anode, cathode, and electrolyte. The anode is made from a silicon-carbon composite, while the cathode uses a high ratio of manganese, with lower percentages of cobalt and nickel. The use of manganese is said to be particularly interesting to automakers because it is inexpensive...
http://www.designnews.com/author.asp?section_id=1366&doc_id=240075
KDN reminder; Kaydon Corporation Announces Ex-Dividend date of March 27, 2012 for Special Cash Dividend so you need to buy before that date to get the big special dividend.
http://finance.yahoo.com/news/kaydon-corporation-announces-ex-dividend-000000668.html
11 High-Yield Stocks Going Ex-Dividend In The Coming Week (March 05-11, 2012)
http://seekingalpha.com/article/409831-11-high-yield-stocks-going-ex-dividend-in-the-coming-week-march-05-11-2012?source=yahoo
Note;no exdividend date so far
Sara Lee (NYSE: SLE has received a Private Letter Ruling and is now able to provide additional details about the spin-off of its international Coffee & Tea business.
The spin-off is expected to be completed by the end of June 2012. Post spin-off, the Coffee & Tea business will be domiciled as a new publicly traded company incorporated in the Netherlands.
"We are very pleased to reach this major milestone in our spin-off process and to provide our shareholders with additional news about the domiciling of the Coffee & Tea company and the payment of the $3.00 dividend," said Sara Lee Executive Chairman Jan Bennink. "With over 250 years of history, the Coffee & Tea business has solid market positions and deep roots in many European markets. Domiciling Coffee & Tea in the Netherlands allows management to be close to its key Western European markets and effectively manage its global portfolio."
Additional Spin-Off Details
In order to execute the spin-off and domiciliation, Sara Lee will take the following steps. First, Sara Lee will spin-off all of the shares of its U.S. subsidiary that holds its Coffee & Tea business. Immediately after this spin-off occurs, the U.S. subsidiary will pay a $3.00 special dividend to Sara Lee shareholders. Sara Lee expects that this dividend will be eligible for qualified dividend treatment. Subsequently, a new Dutch company will be established as the parent company for the Coffee & Tea business and its shares will be distributed to Sara Lee shareholders. The U.S. Coffee & Tea company will become a subsidiary of the Dutch public parent and a holding company for the Coffee and Tea operations.
As a consequence of the spin-off and subject to final approval of the spin by the Board, Sara Lee expects to release approximately $700 million of deferred tax liabilities currently on its balance sheet. This reversal is expected to occur in the fiscal quarter of the spin-off.
The Private Letter Ruling confirms that key requirements for tax-free treatment of the spin will be satisfied. Since the IRS does not rule on certain elements of the spin, the company expects to receive an opinion of counsel that those additional elements should be satisfied.
The domiciliation of the Coffee & Tea business in the Netherlands is expected to result in U.S. shareholders incurring U.S. tax on any gain attributable to their Coffee & Tea shares. Sara Lee will provide further guidance to its U.S. shareholders on how this gain is computed closer to the date of the spin-off.
Coffee & Tea Company Intends to Move its Headquarters to Amsterdam
The Coffee & Tea business also intends to move its operating headquarters from Utrecht to Amsterdam in the second half of calendar year 2012. Amsterdam was chosen as the location for the new headquarters in the Netherlands due to its central location and accessibility to an international labor market.
Read more: http://www.benzinga.com/news/12/03/2391708/sara-lee-pending-spin-off-3-00-special-dividend-to-be-paid-immediately-after-the-#ixzz1ny5odAle
Clear Channel Outdoor’s board declared a special dividend of about $6.08 a share on Class A and Class B stock, payable March 15 to stockholders of record as of March 12. The San Antonio-based company CCO +10.51% said the total about to be distributed via the special dividend will amount to nearly $2.17 billion. Payment of the dividend is subject to completion of a private offering of $1.93 billion of 7.625% Series B senior subordinated notes due 2020 and $275 million of 7.625% Series A senior subordinated notes due 2020. Closing is scheduled for March 15, Clear Channel Outdoor said.
Feb 29, 2012 (BUSINESS WIRE) -- Kaydon Corporation (NYSE:KDN) today announced that the New York Stock Exchange has established March 27, 2012, as the ex-dividend date for its $10.50 per common share special dividend recently declared
Some communication would be expected from a public company but these guys just hibernate.
ANN ARBOR, Mich., Feb 24, 2012 (BUSINESS WIRE) -- Kaydon Corporation KDN +6.76% today announced that, on February 22, 2012, its Board of Directors declared a special cash dividend of $10.50 per share to be paid to shareholders of record as of March 5, 2012 with a payment date of March 26, 2012. The Company will fund the $337 million special dividend through available cash balances and committed bank credit availability.
James O'Leary, Chairman and Chief Executive Officer commented, "In an unprecedented and prolonged period of historically low interest rates, this new capital structure and significant return to our shareholders is both the appropriate corporate finance decision and right strategic action for Kaydon. Our long stated goal is to deliver increasing value to our shareholders in the most efficient and effective way possible. This transaction achieves this in a meaningful way, lowering our overall cost of capital without impairing our ability to grow the Company, both organically and through acquisition.
The big unanswered question is "what`s in it for us calvf shareholders"?
I think that larry`s overambitious unattainable timeframes are keeping buying volumes low and the wait and see crowd will just do that (wait and see)
If you look at the P/E it`s not a cheap stock but it`s got a great growth %.
Just buy any dips is my plan FWIW
This would be a big step forward if it is approved,bankers would like it very much.
It`s safe to buy in the 3`s (IMO)
Feb 13, 2012 (GlobeNewswire via COMTEX) -- Cabot Microelectronics Corporation CCMP +0.41% , the world's leading supplier of chemical mechanical planarization (CMP) polishing slurries and a growing CMP pad supplier to the semiconductor industry, today announced that its Board of Directors has declared a special cash dividend of $15 per share, or approximately $345 million in total, payable to shareholders of record on February 23, 2012, that will be paid on March 1, 2012. Approximately half of the special cash dividend, along with related fees, will be funded from the company's available cash balance, and the remainder will be funded from a new five-year secured credit facility, which the company executed today.
Under the terms of the new secured credit facility, the company has arranged a $175 million term loan facility that will be fully drawn to pay the special cash dividend, and a $100 million revolving credit facility, which the company expects to be initially undrawn. The term loan will bear interest at LIBOR plus 150 to 200 basis points and the revolving credit facility provides for a non-use fee of 25 to 35 basis points, both depending upon the company's leverage ratio. The company expects to incur approximately $3 million of financing-related expense through the remainder of its fiscal year 2012, including interest and amortized financing fees.
The company's declaration of the special cash dividend follows the announcement on December 13, 2011 of its new capital management initiative, intended to provide additional value to its stockholders, which includes a leveraged recapitalization with the special cash dividend. At $15 per share, the special cash dividend represents approximately 30 percent of the company's closing stock price today. Pursuant to the rules of the Nasdaq stock market, when a dividend is declared in an amount that exceeds 25 percent of a company's stock price, Nasdaq must determine the date on which that company's shares will begin to trade without the dividend, or ex-dividend. Applying this rule to Cabot Microelectronics' declaration of its special cash dividend, Nasdaq has advised the company that the ex-dividend date has been set as March 2, 2012, which is the first business day following the payable date for the special cash dividend.
Deutsche Boerse Board Proposes To Increase Dividend
(RTTNews.com) - Deutsche Boerse AG (DBOEF.PK) announced that the Executive Board of Deutsche Boerse AG proposes a dividend distribution totalling 3.30 Euro per share.
The company stated that the dividend is composed of two parts - a regular dividend of 2.30 Euro, an increase of 10 percent compared to the previous year, and a special dividend of 1.00 Euro. The distribution proposal is subject to the approval of the Supervisory Board in its next meeting in March 2012 as well as the approval of the shareholders of Deutsche Boerse AG and payable immediately after the shareholder meeting on 16 May 2012.
In addition, the Executive Board plans for share buybacks of up to 200 million Euro in the second half of 2012.
For comments and feedback: contact editorial@rttnews.com
What shorts ? No shorts
http://otcbb.com/asp/OTCE_Short_Interest.asp
Back to the 30s;he does poorly on timeframes (IMO) I just hope he can get funding for a startup or it`s just a lot of talk.