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Mid Penn Bancorp, Inc. Reports First Quarter Earnings and Declares Dividend

Benzinga

With the success of the first quarter, the Board announced a quarterly cash dividend of $0.20 of tangible shareholders' equity (1) at March 31, 2023. million; Return on average assets was 1.01%; Return on average equity of 8.91% and return on average tangible common equity (1) of 11.97% for the quarter ended March 31, 2023.

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How ESG Ratings Can Affect a Firm’s Cost of Equity

Reynolds Holding

trillion in 2016. 2019) , for example, strong ESG performance correlates positively with higher equity returns and a reduction in downside risk. In a new paper, we address the impact of ESG ratings on a firm’s financial performance by studying how those ratings affect the cost of equity (COE). trillion in 2020 from $22.8

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Tesla's Trillion Dollar Moment: A Valuation Revisit!

Musings on Markets

If you are interested, you can see my valuations from 2014 , 2016 and 2017. In this post , I argued that one of the key dividing lines between the two groups was flexibility , with companies with more flexible investing, financing and dividend policies winning out over companies with more rigidity on those dimensions.

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Last Week in Payroll: Backup Withholding

ThomsonReuters

The Tax Equity and Fiscal Responsibility Act of 1982 and Interest and Dividend Compliance Act of 1983 requires payers to backup withhold tax from certain reportable payments. TIGTA issued a prior report on backup withholding issues in 2016. The IRS’s most recent estimate of the tax gap was $441 billion. Federal News.

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Eastland Redux: Do Close Corporation Shareholders Have a Direct Claim Against Directors For Taking Disguised Distributions?

Farrel Fritz

The first argument, which the majority rejected, is that the business judgment rule bars judicial scrutiny of the board’s discretionary authority to declare dividends. The Majority Opinion The majority opinion addressed two separate arguments raised by the defendants for dismissal of the fiduciary breach claim.

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Can the World’s Least Profitable Carmaker Turnaround?

Andrew Stolz

It raises $1bn new capital through the private equity fund TPG Rise Climate for a 11% stake. Given its losses over the past years, it did not pay out any dividends since 2016. We assume that there will be no dividends at least for the next 3 years. No dividend policy requires return generation from price.

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Triton International to be Acquired by Brookfield Infrastructure in a $13.3 Billion Take-Private Transaction

Benzinga

("BIP") (NYSE: BIP , TSX: BIP ), through its subsidiary Brookfield Infrastructure Corporation ("BIPC") and its institutional partners (collectively, "Brookfield Infrastructure"), jointly announce a definitive agreement for Triton to be acquired in a cash and stock transaction valuing the Company's common equity at approximately $4.7