Industry News

Realty Income Corporation revealed on Thursday that its board of directors authorised a monthly income class F preferred stock dividend of USD0.138021 per share. The dividend will be paid on 15 September 2016 to shareholders of record as of 1 September 2016. Also, the company said that the annual dividend rate is USD1.65625 per share."/>
Realty Income declares preferred stock dividend of USD0.138021 per share for September 2016
Monogram Residential Trust Inc declared on Thursday that its board of directors approved a common stock cash dividend of USD0.075 per share for the third quarter of 2016.. Shareholders of record at the close of business on 30 September 2016 will receive the dividend payment on 7 October 2016.. A real estate investment trust, Monogram Residential invests in, develops and operates quality multifamily communities; and invests in stabilised operating properties and properties..."/>
Monogram Residential Trust announces dividend of USD0.075 per share for Q3 2016
Wells Financial Corp declared on Thursday that its board of directors approved a cash dividend of USD0.25 per share for the quarter. All stockholders of record as of the close of business on 2 September 2016 will be paid the dividend on 16 September 2016.. Wells Financial operates as the bank holding company of Wells Federal Bank that offers various banking products and services."/>
Wells Financial announces dividend of USD0.25 per share for quarter
Cathay General Bancorp approved a common stock cash dividend of USD0.18 per share, the company revealed on Thursday. This dividend will be paid on 12 September 2016 to stockholders of record at the close of business on 1 September 2016.. Cathay General Bancorp is the parent of Cathay Bank, a California state-chartered bank founded in 1962 that offers various commercial banking products and services in the US."/>
Cathay General Bancorp announces dividend of USD0.18 per share
Top NBFCs preferred bets in financial space [Mint, New Delhi]
Lewis Rice forms estate plan firm [St. Louis Post-Dispatch]
State Bank of India on Thursday approved the scheme for merger with State Bank of Bikaner& Jaipur, State Bank of Mysore, State Bank of Travancore and Bharatiya Mahila Bank. According to the plan approved by the board of India's largest lender, investors in SBBJ holding 10 shares will get 28 shares of SBI. Investors in SBM and SBT holding 10 shares will get 22 SBI shares each."/>
SBI board approves swap ratio for merger with associated banks [Mint, New Delhi]
Ujjivan Financial Services Ltd.. The stocks of Equitas and Ujjivan have moved up by a mouth-watering 63.5% and 115%, respectively, from their issue prices."/>
RBL Bank IPO: Slimmer chances of a listing pop [Mint, New Delhi]
The spectrum puzzle [Mint, New Delhi]
State Bank of India on Thursday cleared the proposed merger of five associate banks and Bharatiya Mahila Bank with itself, taking one step closer to creating the first Indian lender to rank among the world's top 50.. India's largest lender also approved the share swap ratio for merging three associates--State Bank of Bikaner and Jaipur, State Bank of Mysore and State Bank of Travancore-- and BMB. Swap ratios for State Bank of Hyderabad and State Bank of..."/>
SBI board clears merger with associate banks [Mint, New Delhi]
Ujjivan Financial Services Ltd. Both have risen by a mouth-watering 63.5% and 115%, respectively, from their issue prices. Naturally then, there will be a fair bit of anticipation for the forthcoming initial public offering of RBL Bank Ltd. Will its IPO be as successful?"/>
RBL Bank IPO: Slimmer chances of a listing pop [Mint, New Delhi]
Synovus Financial Corp. said Thursday it has entered an agreement to acquire a specialty finance company based in Atlanta, in a deal valued at $30 million initially, with possible revenue incentives to the selling shareholders in the coming years. The Columbus-based bank, parent company of Columbus Bank and Trust, said it expects to complete its purchase of Entaire early in the fourth quarter of this year, which would mean sometime in October. The acquisition is subject to..."/>
Synovus to purchase Atlanta-based specialty lender for $30 million-plus [Columbus Ledger-Enquirer, Ga.]

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