Industry News

ZAIS Financial Corp. has declared a cash dividend of USD0.40 per share of the company's common stock and OP unit for the three months ended June 30, 2016, maintaining the dividend level from prior quarters, the company said. The dividend was paid on July 15, 2016 to stockholders and OP unit holders of record as of the close of business on June 30, 2016.. ZAIS Financial Corp. is a REIT that invests in a diversified portfolio of residential mortgage assets, other..."/>
ZAIS Financial reports quarterly dividend
Valley National Bancorp has reported it elected to prepay all USD405 million of its Federal Home Loan Bank borrowings contractually maturing in 2018, the company said. Valley said it refinanced the 2018 debt, with a total average cost of 3.69 percent, into a new five-year FHLB borrowing with an effective average interest rate of 2.51 percent, which includes amortization of prepayment penalties totaling USD20.0 million. In August, Valley terminated a fair value interest rate..."/>
Valley National Bancorp reports USD405m debt modification
First Bancorp, has expanded its business banking solutions to offer SBA 7 a, USDA and 504 loans to small business owners throughout the United States, the company said. With a retail branch network in the Carolinas, First Bank's entrance into SBA lending allows the company to better serve its existing communities as well as develop a national footprint to offer loan products that help small business owners who may not qualify for..."/>
First Bank launches national SBA lending division
SunTrust Banks, Inc. has approved an increase in the dividend on SunTrust common stock to USD0.26 per share, the company said. The dividend is payable on September 15, 2016, to shareholders of record at the close of business on August 31, 2016. The previous quarterly dividend was USD0.24."/>
SunTrust increases common stock dividend
CyrusOne Inc announced on Wednesday the pricing of its public offering of 6,800,000 shares of its common stock at a price to the public of USD50.50 per share. Of this offering, 3,400,000 shares were offered directly by CyrusOne, and 3,400,000 shares were offered, at the request of CyrusOne, by the forward purchaser or its affiliate, in connection with the forward sale agreement,. Also, the underwriters have been granted an option to purchase up to 1,020,000 additional shares of..."/>
CyrusOne prices public offering of 6.8 million shares of common stock at USD50.50 per share
CNO Financial Group Inc approved a quarterly cash dividend of USD0.08 per share on the company's common shares, it declared on Wednesday. Shareholders of record at the close of business on 9 September 2016 will receive the dividend payment on 23 September 2016.. CNO through its subsidiaries, develops, markets and administers health insurance, annuity, individual life insurance and other insurance products for senior and middle-income markets in the..."/>
CNO Financial announces dividend of USD0.08 per share for quarter
Renasant Corporation authorised a quarterly cash dividend of USD0.18 per share, the company disclosed on Wednesday. Shareholders of record as of 14 September 2016, will receive the dividend payment on 30 September 2016.. Renasant operates as the holding company of Renasant Bank, a 112- year-old financial services institution."/>
Renasant's board authorises dividend of USD0.18 per share
Aon plc today announced that Jin-Yong Cai, Partner at TPG Capital, has been appointed to the Company's Board of Directors effective August 10, 2016. Cai, a proven leader in the financial industry and in global economic development, will also serve on Aon's Finance and Organization and Compensation Committees. "We are pleased to welcome Jin-Yong Cai to Aon's Board," said Lester B. Knight III, Chairman of the Company's Board of Directors."/>
Aon Announces Board Change
Sun Life Financial Inc reported on Wednesday that its board of directors approved a quarterly common stock dividend of USD0.405 per share, unchanged from the previous quarter. Additionally, the board authorised quarterly dividends on the company's class A non-cumulative preferred shares of several series. A dividend of USD0.296875 per share was declared on series 1; USD0.30 per share on series 2; USD0.278125 per share on series 3; USD0.278125 per share on series 4; USD0.28125..."/>
Sun Life Financial announces common and preferred share quarterly dividends
Digital Realty Trust Inc announced on Wednesday that its board of directors approved cash dividends on its common and five series of cumulative redeemable preferred stock for the third quarter of 2016.. A cash dividend of USD0.88 per share on the company's common stock will be paid to all holders of record as of the close of business on 15 September 2016, on 30 September 2016.. Also, a cash dividend of USD0.43750 per share to holders of record of the company's 7.000% series E;..."/>
Digital Realty announces common and preferred stock dividends for quarter
S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets. Refinery throughput in June averaged 11.01 million b/d, data from the China's National Bureau of Statistics..."/>
Platts China Oil Analytics: China Oil Demand Little Changed Year over Year in June
Bank of Baroda on Thursday said its net profit for the June quarter fell 59.74% from a year ago due to higher provisions and lower net interest income. Net profit for the quarter was Rs.423.62 crore as compared to Rs.1, 052.15 crore a year ago. According to a poll of 26 Bloomberg analysts, the bank was expected to post net profit of Rs.398.40 crore."/>
Bank of Baroda Q1 profit falls 59.74% to Rs423 crore [Mint, New Delhi]
Dilip Buildcon Ltd rose 9.6% on its debut on Thursday after its Rs.664 crore initial public offering saw nearly 21 times subscription last week. At 12.17 pm, Dilip Buildcon shares were up 12.6% at Rs.246.60 apiece on the BSE, from its issue price of Rs.219 per share. They had opened at Rs.240, and touched a high and low of Rs.253.95 and Rs.239.25, respectively."/>
Dilip Buildcon shares rise 9% on stock market debut [Mint, New Delhi]
Mint, New Delhi, Ragini Bhuyan column [Mint, New Delhi]
Crisil Ratings said in its latest report. "But things could change if course-correction remains tardy," the report warned. Crisil said it has rated 283 pharmaceutical companies, 55% of which have an international presence."/>
Most drug makers hold on to their credit ratings despite FDA scrutiny [Mint, New Delhi]
Tata Chemicals stock gained 8.77% on BSE on Wednesday after the company agreed to sell its urea business for Rs.2, 670 crore. The price is lower than the $1 billion or Rs.6, 600 crore it was reportedly seeking for the whole fertilizer business a year ago. The sale does not include the complex fertilizers business."/>
Tata Chemicals offloads an underperforming asset [Mint, New Delhi]
Macquarie Infrastructure and Real Assets, an arm of Australia's Macquarie Group Ltd, and realty firm Tata Housing Development Co. Ltd are close to setting up a joint investment platform to invest about Rs.2, 000 crore in residential projects, said three people familiar with the negotiations. This will be one of the largest investment partnerships in residential real estate in India between a global investor and a developer. Out of the Rs.2, 000 crore equity..."/>
Macquarie Infrastructure, Tata Housing to partner for Rs2,000 crore projects [Mint, New Delhi]

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