On Wednesday, Shares of Citigroup Inc. (NYSE:C), gained 0.80% to $55.68.
The Preferred Stock Committee of the Board of Directors of Citigroup Inc. declared dividends on Citigroup’s preferred stock as follows:
8.125% Non-Cumulative Preferred Stock, Series AA, payable August 17, 2015, to holders of record on August 5, 2015. Holders of depositary receipts, each representing one-thousandth of a full preferred share, will be paid $0.5078125 for each receipt held.
– 5.950% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series A, payable July 30, 2015, to holders of record on July 20, 2015. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $29.75 for each receipt held.
– 5.90% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series B, payable August 17, 2015, to holders of record on August 5, 2015. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $29.50 for each receipt held.
– 5.800% Noncumulative Preferred Stock, Series C, payable July 22, 2015, to holders of record on July 11, 2015. Holders of depositary receipts, each representing one-thousandth of a full preferred share, will be paid $0.3625 for each receipt held.
– 7.125% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series J, payable September 30, 2015, to holders of record on September 18, 2015. Holders of depositary receipts, each representing one-thousandth of a full preferred share, will be paid $0.4453125 for each receipt held.
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
Shares of Ballard Power Systems Inc. (NASDAQ:BLDP), declined -17.70% to $1.72, during its last trading session.
Ballard Power Systems, has declared that it has priced an underwritten offering of 8,125,000 common shares at a price of U.S. $1.60 per share, for gross Offering proceeds of about U.S. $13.0 million .
The net proceeds to Ballard from the Offering are predictable to be about U.S. $11.8 million , after deducting underwriting discounts, commissions and other estimated Offering expenses. The Offering is predictable to close on or about July 7, 2015 , subject to customary closing conditions.
Ballard has also granted the underwriters of the Offering a 30-day option to purchase up to an additional 15% of the common shares offered in the Offering to cover overallotments, if any.
Cowen and Company is acting as the sole bookrunner for the Offering. Roth Capital Partners, Lake Street Capital Markets and H.C. Wainwright & Co. are acting as co-managers for the Offering.
Ballard Power Systems Inc. engages in the development and commercialization of proton exchange membrane fuel cells worldwide. The company is primarily involved in the design, development, manufacture, sale, and service of fuel cell stacks, modules, and systems for various applications.
Finally, ConAgra Foods, Inc. (NYSE:CAG), ended its last trade with 2.01% gain, and closed at $44.60, hitting its highest level.
ConAgra Foods, stated results for the fiscal 2015 fourth quarter ended May 31, 2015. Highlights:
- Diluted EPS from ongoing operations of $0.47 per share as stated, vs. a loss of $(0.95) a year ago. After adjusting for items impacting comparability, diluted EPS of $0.59 this quarter was ahead of $0.55 a year ago, as predictable. An extra week in the fourth quarter of fiscal 2015 favorably influenced current-quarter amounts.
- Consumer Foods and Commercial Foods posted operating profit growth after adjusting for items impacting comparability, and counting the benefit of the extra week.
- Private Brands posted an operating profit decline after adjusting for items impacting comparability, and counting the benefit of the extra week.
- The company repaid about $1.1 billion of debt in fiscal 2015, resulting in cumulative debt reduction of about $2.1 billion since the completion of the Ralcorp transaction, which exceeded the $2.0 billion aim.
- The company plans to exit the Private Brands operations.
- The company’s new plans for creating long-term value center on a more aggressive approach to cost reduction, growing consumer brands (Consumer Foods segment) and Lamb Weston (within the Commercial Foods segment), in addition to balanced capital allocation. Details to be shared at an investor event later this year.
ConAgra Foods, Inc. operates as a food company primarily in North America. The company operates through three segments: Consumer Foods, Commercial Foods, and Private Brands. The Consumer Foods segment provides branded food products in various categories, such as meals, entrees, condiments, sides, snacks, and desserts to various retail channels, such as grocery and convenience stores across frozen, refrigerated, and shelf-stable temperature classes.
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