Harvard Corporate Governance

SEPTEMBER 19, 2023

Warrick, on Tuesday, September 19, 2023 Editor's Note: Demetrius A. Share buybacks and dividend increases may help to restore a share price depressed by a short attack, but there is a risk that these may be seen as superficial defensive moves that do not address fundamental questions about the business. Posted by Richard J.

Dividends 246

Dividends 246

Harvard Corporate Governance

MARCH 28, 2023

Posted by Brian Tayan (Stanford University), on Tuesday, March 28, 2023 Editor's Note: Brian Tayan is a researcher with the Corporate Governance Research Initiative at Stanford Graduate School of Business. This post is based on a recent paper by Mr. Tayan, Andrew Baker, David Larcker , and Derek Zaba. more…)

Dividends 255

Dividends Marketability 255

Harvard Corporate Governance

OCTOBER 27, 2023

Osterrieder (University of Twente), on Friday, October 27, 2023 Editor's Note: Michael Seigne is the Founder of Candor Partners Limited, and Joerg R. Posted by Michael Seigne (Candor Partners Limited), and Joerg R. Osterrieder is Professor of Finance and Artificial Intelligence at the University of Twente.

Dividends 162

Dividends Finance Equity 162

Business Wire M&A

MAY 9, 2023

(NYSE: BRMK) (“Broadmark” or the “Company”), a specialty real estate finance company, announced today that its Board of Directors has declared a cash dividend of $0.035 per share of common stock for May 2023. The dividend will be payable on May 30, 2023 to stockholders of record as of May 24, 2023.

Dividends 40

Dividends Finance 40

Benzinga

AUGUST 21, 2023

Greenlight has also issued a third seven-figure dividend to its shareholders, following the first-ever issuance of a dividend by an MSO in April of this year. In 2023, Greenlight has returned consecutive dividends that amount to over 13% of. of cultivation and manufacturing space in 6 states.

Dividends 52

Dividends Marketability 52

Brian DeChesare

JANUARY 4, 2023

As an example of this last problem, consider two “value” funds: the Vanguard International High Dividend Yield Index Fund and the International Value Fund. They both invest in large-cap foreign stocks, but the “High Dividend Yield” fund was down by 7% for the year, while the value one was down by 12%.

Marketability 98

Marketability Start-ups Treasury Dividends 98

Harvard Corporate Governance

AUGUST 29, 2023

Posted by Martin Lipton, Wachtell Lipton Rosen & Katz, on Tuesday, August 29, 2023 Editor's Note: Martin Lipton is a founding partner of Wachtell, Lipton, Rosen & Katz, specializing in mergers and acquisitions and matters affecting corporate policy and strategy. Rosenblum , Karessa L.

Dividends 188

Dividends Marketability 188

Benzinga

APRIL 26, 2023

and 0.91%, Respectively, Excluding Non-Recurring Expenses First Quarter 2023 Loan Growth of $22.1 Non-performing Assets were 0.14% of Total Assets at March 31, 2023 Common Equity Tier 1 and Tangible Common Equity Ratio of 12.16% and 7.63%, Respectively, at March 31, 2023 1 LAKEVILLE, Conn., million, or 1.8% million, or $0.52

Dividends 40

Dividends Banking Equity Book Value 40

Musings on Markets

JULY 17, 2023

I am just not good at it, and the first six months of 2023 illustrate why market timing is often the impossible dream, something that every investor aspires to be successful at, but very few succeed on a consistent basis. Markets, as is their wont, live to surprise, and the first six months of 2023 has wrong-footed the experts (again).

Marketability 96

Marketability Risk Premium Start-ups Treasury 96

Benzinga

JANUARY 12, 2024

BlackRock Inc (NYSE: BLK ) reported Q4 FY23 revenue growth of 7% Y/Y to $4.631 billion, marginally above the consensus of $4.627 billion. Investment advisory, administration fees, and securities lending revenues increased to $3.61 billion from $3.40

Dividends 52

Dividends Beta Technology Marketability 52

Musings on Markets

JANUARY 21, 2023

The first is the dividends you receive, while you hold stocks, a cash flow stream that provides a measure of stability to investors who seek it. After a year of being pummeled by markets, what are investors pricing stocks to make in 2023 and beyond? Actual Returns Your returns on equities come in one of two forms.

Equity 72

Equity Risk Premium Start-ups Dividends 72

Auto Dealer Valuation Insights

AUGUST 18, 2023

In Part 1: Upstream themes from Q1 2023 Earnings Calls, notable themes included a divide on whether dividends or buybacks are the best means to return capital to shareholders and management’s reactions to a decline in strip prices, as well as highlighting inventory in the favorable Permian and Eagle Ford plays.

Dividends 52

Dividends 52

Business Wire M&A

MARCH 13, 2023

PHILADELPHIA--(BUSINESS WIRE)--Today, Delaware Investments Dividend and Income Fund, Inc. Fund shar

Dividends 40

Dividends 40

Musings on Markets

DECEMBER 21, 2022

Starting in late January 2023, I will be back in the classroom, teaching valuation and corporate finance to the MBAs and valuation to the undergraduates, and these classes will continue through May 2023. The class starts with a question of what the end game should be for a business (profitability, value, social good?),

Corporate Finance 91

Corporate Finance Finance Start-ups Marketability 91

Benzinga

OCTOBER 6, 2023

Special dividend estimated to be $1.5118 per share Payment of special dividend conditioned upon closing of merger, which is subject to stockholder approval BOSTON, Oct. 06, 2023 (GLOBE NEWSWIRE) -- Talaris Therapeutics, Inc. The Special Dividend will not exceed an amount equal to $67.5

Dividends 40

Dividends Banking Marketability 40

Benzinga

DECEMBER 29, 2023

29, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- ILUS International Inc. An update is provided on several matters of importance for Shareholders including the acquisition, an associated dividend for ILUS Shareholders, merger agreement negotiations, subsidiaries, and financing. NEW YORK, NY, Dec.

Dividends 40

Dividends Finance Equity Technology 40

Auto Dealer Valuation Insights

MAY 22, 2023

While some operators advocated for stock buybacks, others leaned towards dividends. As in prior quarters, shareholder returns took center stage during these discussions, with varying opinions emerging on the most effective method of returning capital.

Dividends 52

Dividends 52

Benzinga

JUNE 28, 2022

per share, structured as a cash dividend to Spirit shareholders promptly following the Spirit shareholder vote approving the combination between Spirit and JetBlue (subject to CARES Act limitations).” ” Hayes insisted the upgraded offer results in a “superior all-cash price of at least $33.50

Dividends 98

Dividends 98

Benzinga

MAY 9, 2023

Nexstar Media Group, Inc (NASDAQ: NXST ) reported a Q1 2023 net revenue growth of 3.9% billion, beating the consensus of $1.24 Revenues from Television Advertising declined 6% Y/Y to $425 million, comprising Core Advertising revenue that fell 2.6% Y/Y to $417 million and a 66.7% Y/Y decline in Political Advertising revenue to $8 million.

Dividends 52

Dividends Equity Marketability 52

Benzinga

MARCH 5, 2024

pence per share in cash along with a special dividend per share of 2.5 pence in place of a final dividend for the year ended December 31, 2023. As per the terms, Spirent shareholders will receive 172.5 Full story available on Benzinga.com

Dividends 59

Dividends Technology Equity 59

Benzinga

APRIL 28, 2023

April 28, 2023 (GLOBE NEWSWIRE) -- Mid Penn Bancorp, Inc. NASDAQ: MPB ) ("Mid Penn"), the parent company of Mid Penn Bank (the "Bank") and MPB Financial Services, LLC, today reported net income available to common shareholders ("earnings") for the quarter ended March 31, 2023 of $11.2 HARRISBURG, Pa.,

Dividends 40

Dividends Banking Book Value Equity 40

Benzinga

NOVEMBER 9, 2023

CPI's Electron Device Business generated approximately $300 million in revenue for its fiscal year ended September 30, 2023. CPI's Electron Device Business manufactures electronic components and subsystems primarily serving the aerospace and defense market. "This business fits. Full story available on Benzinga.com

Dividends 52

Dividends Marketability Equity 52

Benzinga

JULY 25, 2024

per basic and diluted share, for the three months ended June 30, 2023. per basic and diluted share, for the six months ended June 30, 2023. million for the respective 2023 periods. and 16.7%, respectively, versus the same period in 2023. per basic and diluted share, for the three months ended June 30, 2023.

Dividends 45

Dividends Book Value Equity Banking 45

Musings on Markets

JANUARY 17, 2024

Heading into 2023, US equities looked like they were heading into a sea of troubles, with inflation out of control and a recession on the horizon. In that post, I noted that if inflation subsided quickly, and the economy stayed out of a recession, stocks had upside, and that is the scenario that played out in 2023.

Risk Premium 77

Risk Premium Start-ups Equity Treasury 77

Global Finance

JULY 23, 2024

Significantly, Mizuho CEO Masahiro Kihara said the bank will either pass on the proceeds from its sales of equity holdings to investors as dividends or invest them in growth-directed activities, and Sumitomo Mitsui aims to reduce the market value of its equity holdings to less than 20% of the value of its consolidated net assets.

Price to Book 107

Price to Book Banking Dividends Equity 107

Business Wire M&A

APRIL 17, 2023

The distribution follows the pre-merger distribution, announced on April 3, 2023. NEW YORK--(BUSINESS WIRE)--Nuveen today announced that the Nuveen Municipal Credit Income Fund (NYSE: NZF) has declared a post-merger distribution.

Dividends 52

Dividends 52

Essentials of Corporate Finance

AUGUST 10, 2022

As we showed in the text, dividends and stock repurchases affect a company and investors in much the same way. The tax may push companies toward dividends, although since the new tax wouldn't take effect until 2023, analysts are expecting large repurchases to be completed by the end of 2022.

Dividends 52

Dividends 52

Musings on Markets

MAY 7, 2023

The first was that banks were run by sensible people , who paid out what they could afford to in dividends, neither holding back on paying dividends nor paying too much in dividends. Note the differences between the bank FCFE and bank dividend discount models.

Banking 64

Banking Price to Book Dividends Book Value 64

Benzinga

FEBRUARY 29, 2024

Full Year 2023 Highlights 1 Revenues of $763.8 million one-time special dividend payment, $59.0 million acquisition of Infinite ID Fourth Quarter 2023 Highlights 1 Revenues of $202.6 Full Year 2023 Highlights 1 Revenues of $763.8 million one-time special dividend payment, $59.0 million Net Income of $37.3

EBITDA 40

EBITDA Dividends Technology Total Shareholder Return 40

Benzinga

JANUARY 22, 2024

Barrick denies this claim, stating that Barceló’s last visit to Panama was in early 2023 for a mining conference. This setback led to the suspension of dividends, voluntary retirements and contributed to. Full story available on Benzinga.com

Dividends 52

Dividends Marketability 52

Global Finance

OCTOBER 6, 2024

trillion worldwide in 2022, according to the 2023 Global Wellness Economy Monitor report, which predicted it will enjoy a compound annual growth rate of 8.6% Bhutan now allows foreign investors to repatriate dividends, and the limit on leases of state land was extended this year from 30 years to 99. of GDP in 2023.

Banking 119

Banking Dividends Marketability Finance 119

Benzinga

JULY 19, 2023

billion if the transaction is terminated after August 29, 2023, and to $4.5 billion if the transaction is terminated after September 15, 2023. The terms of the agreement include an increase in the termination fee payable to Activision Blizzard from $3.0 billion to $3.5 Full story available on Benzinga.com

Dividends 98

Dividends 98

Benzinga

MAY 4, 2023

May 04, 2023 (GLOBE NEWSWIRE) -- Kimball International, Inc. NASDAQ: KBAL ) today announced results for the third quarter ended March 31, 2023. Selected Financial Highlights: Third Quarter FY 2023 Net sales of $166.1 Overview Third Quarter Fiscal 2023 Results Third quarter 2023 consolidated net sales were $166.1

EBITDA 40

EBITDA Marketability Dividends Equity 40

Musings on Markets

MARCH 8, 2023

This is the last of my data update posts for 2023, and in this one, I will focus on dividends and buybacks, perhaps the most most misunderstood and misplayed element of corporate finance. Viewed in that context, dividends as just as integral to a business, as the investing and financing decisions.

Dividends 94

Dividends Start-ups Corporate Finance Finance 94

Valutico

OCTOBER 1, 2022

The company published its Q2 2023 financial results this week. dividend yield and an ongoing share buyback program. . Given the stable dividend payout ratio of ~65%, we also performed utilized a Dividend Discount Model with a Cost of Equity of 6.3% A WACC of 5.7%

Discounted Cash Flow 52

Discounted Cash Flow Dividends Market Capitalization Marketability 52

Global Finance

DECEMBER 3, 2024

We have seen GDP rise by 6% in 2023 and 6.4% Manufacturing has seen a significant boost, contributing over $55 billion to the economy in 2023. From 2017 to 2023, we attracted $9.7 billion has been invested by international companies in cement plants, glass factories, and rolling mills between 2017 and 2023.

Start-ups 115

Start-ups Finance Dividends Marketability 115

ThomsonReuters

FEBRUARY 9, 2024

Tax policy impact: The No Capital Gains Allowance for American Adversaries Act proposes significant changes to tax treatment for gains and dividends derived from specified countries of concern. What does this mean for my firm? Tax firms must stay informed about these potential amendments to advise clients effectively.

Compliance 110

Compliance Dividends Technology Accounting Firms 110