On Wednesday, Shares of United Parcel Service, Inc. (NYSE:UPS), lost -0.17% to $102.81.
The UPS, declared a regular quarterly dividend of $0.73 per share on all outstanding Class A and Class B shares.
The dividend is payable September 1, 2015, to shareowners of record on August 17, 2015.
Earlier this year, the UPS Board raised the regular quarterly dividend by 9% to the current level of $0.73 per share. The company has paid either stock or cash dividends every year since 1955 and has more than quadrupled its dividend since it went public at the end of 1999.
United Parcel Service, Inc., a package delivery company, provides transportation, logistics, and financial services in the United States and internationally. It operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.
Shares of CubeSmart (NYSE:CUBE), inclined 1.03% to $26.38, during its last trading session.
CubeSmart, declared that its Board of Trustees declared a quarterly dividend of $0.16 per common share for the period ending September 30, 2015. The dividend is payable on October 15, 2015 to common shareholders of record on October 1, 2015. The Board of Trustees also declared a quarterly dividend of $0.484375 for the 7.75% Series A Cumulative Redeemable Preferred Shares payable on October 15, 2015 to holders of record on October 1, 2015.
CubeSmart is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It engages in ownership, operation, acquisition and development of self-storage facilities. The firm was formerly known as U-Store-It Trust. CubeSmart was founded in July 2004 and is based in Malvern, Pennsylvania.
At the end of Wednesday’s trade, Shares of Dunkin Brands Group Inc (NASDAQ:DNKN), gained 0.12% to $52.11.
Dunkin’ Donuts, declared the signing of a multi-unit store development agreement with existing franchise group, Panama City Donut Network, LLC, to develop two Dunkin’ Donuts restaurants in Baton Rouge and its surrounding areas. The first restaurant is planned to open in Fall 2016 with the other new location planned to open in the following year.
Led by Vik Patel, this team will manage and oversee the operations for each Dunkin’ Donuts restaurant. Patel, a franchisee with Dunkin’ Donuts for nine years, presently operates 27 restaurants in Florida and two in Alabama. With this agreement, the group also purchased three existing restaurants in Baton Rouge.
“We are excited to expand the brands’ presence in Louisiana and play an important role in the daily lives of people who live, work and visit here,” said Vik Patel, Dunkin’ Donuts franchisee. “We have a passion and loyalty for the brand and look forward to opening our restaurants in the years to come.”
Franchise opportunities still remain accessible throughout Louisiana in Alexandria, Baton Rouge, Lafayette, Lake Charles, Monroe and New Orleans. To assist fuel growth in Louisiana, special development incentives are accessible which comprise reduced royalty fees for three years and up to $5,000 in local store marketing support for timely openings.
Dunkin Brands Group, Inc., together with its auxiliaries, develops, franchises, and licenses quick service restaurants under the Dunkin Donuts and Baskin-Robbins brands worldwide.
Finally, Oclaro, Inc. (NASDAQ:OCLR), ended its last trade with 3.33% gain, and closed at $2.79.
Oclaro, declared the financial results for its fourth quarter and fiscal year 2015, which ended June 27, 2015.
“Our fourth quarter results demonstrate the noteworthy progress we made over the preceding period and highlight how far we have come in just twelve months. We have improved Adjusted EBITDA by $31 million since last year, driven primarily by our cost cutting, operational improvements, and strong 100G product lines,” said Greg Dougherty, Chief Executive Officer, Oclaro. “By ongoing to build on our 100G product success, for both client and line side applications, we believe we can generate the sales growth necessary to meet our objective of becoming profitable on a non-GAAP operating basis during fiscal year 2016.”
Results for the Fourth Quarter of Fiscal 2015
- Revenues were $82.2 million for the fourth quarter of fiscal 2015, contrast with revenues of $83.0 million in the third quarter of fiscal 2015.
- GAAP gross margin was 19.3% for the fourth quarter of fiscal 2015, contrast with a GAAP gross margin of 15.3% in the third quarter of fiscal 2015.
- Non-GAAP gross margin was 19.9% for the fourth quarter of fiscal 2015, contrast with a non-GAAP gross margin of 15.8% in the third quarter of fiscal 2015.
- GAAP operating loss was $8.4 million for the fourth quarter of fiscal 2015. This compares with a GAAP operating loss of $13.4 million for the third quarter of fiscal 2015.
- Non-GAAP operating loss was $5.4 million for the fourth quarter of fiscal 2015, contrast with a non-GAAP operating loss of $9.5 million in the third quarter of fiscal 2015.
- GAAP net loss for the fourth quarter of fiscal 2015 was $11.4 million. This compares with a GAAP net loss of $10.2 million in the third quarter of fiscal 2015.
- Non-GAAP net loss for the fourth quarter of fiscal 2015 was $6.6 million. This compares with a non-GAAP net loss of $9.6 million in the third quarter of fiscal 2015.
- Adjusted EBITDA was negative $1.2 million for the fourth quarter of fiscal 2015, contrast with negative $5.3 million in the third quarter of fiscal 2015.
- Cash, cash equivalents, restricted cash, and short-term investments were $115.1 million at June 27, 2015.
Oclaro, Inc. designs, manufactures, and markets lasers and optical components, modules, and subsystems for the optical communications, industrial, and consumer laser markets worldwide. The company’s products generate, detect, combine, and separate light signals in telecom networks.
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