On Monday, in the course of current trade, Shares of Wells Fargo & Company (NYSE:WFC), dropped -0.11%, and is now trading at $56.55.
Wells Fargo & Company, declared that its board of directors has declared a quarterly dividend on its 6.375% cumulative perpetual preferred stock, Series A. The dividend is equal to $0.3984375 per share of Series A preferred stock.
The dividend is payable on June 30, 2015, to holders of record as of the close of business on June 15, 2015. Wells Fargo Real Estate Investment Corporation is an indirect partner of Wells Fargo & Company and is qualified as a real estate investment trust for federal income tax purposes.
Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, in addition to time deposits and remittances.
During an Afternoon trade, Shares of DAVIDsTEA Inc. (NASDAQ:DTEA), surged 8.24%, and is now trading at $29.23, hitting its highest level, following its IPO..
DAVIDsTEA declared its initial public offering of 5.1 million shares at $19 per share yesterday. It raised about $91 million through the offering, which contains a 30-day option to purchase up an additional 765,000 shares at the initial public offering price, less underwriting discounts and commissions, the company said.
Founded in 2008, DAVIDsTEA has grown from a Canadian based company to a global franchise in North America with more than 150 retail outlets. DAVIDsTEA offers over 150 types of tea, counting exclusive blends, limited edition seasonal collections, traditional straight teas and exotic infusions from around the globe.
Shares of Zumiez, Inc. (NASDAQ:ZUMZ), during its Monday’s current trading session fell -1.54%, and is now trading at $23.63, hitting its lowest level.
Zumiez declared that administration will present at the William Blair 35th Annual Growth Stock Conference in Chicago, IL and the Piper Jaffray 35th Annual Consumer Conference in New York, NY. The William Blair presentation is planned for Tuesday, June 9, 2015 at 9:30 am Central Time and the Piper Jaffray presentation is planned for Wednesday, June 10, 2015 at 2:20 pm Eastern Time.
Zumiez Inc. operates as a multi-channel specialty retailer of apparel, footwear, accessories and hardgoods. The company’s stores focuses on the skateboarding, snowboarding, surfing, motocross, and bicycle motocross for young men and women. Its hardgoods comprise skateboards, snowboards, bindings, components, and other equipment.
Finally, Lannett Company, Inc. (NYSE:LCI), lost -0.02% Monday.
Lannett Company, declared that it has accomplished the acquisition of privately held, Silarx Pharmaceuticals, Inc. and a related real estate entity, a manufacturer and marketer of liquid generic pharmaceutical products. As formerly declared, Lannett signed the agreement to acquire Silarx on May 15, 2015.
“Having invested time and resources in evaluating a number of potential acquisitions, we are extremely happy that Silarx is now part of our company. Recently, we are a larger, more diverse and more capable organization,” said Arthur Bedrosian, chief executive officer of Lannett. “The acquisition brings a high quality, talented work force that we intend to retain and an FDA-approved manufacturing facility into which we can quickly enhance utilization. Silarx also adds an exciting pipeline that comprises four Abbreviated New Drug Applications (ANDAs) with Paragraph 4 certification pending at the FDA and a number of complementary products.”
Lannett Company, Inc. develops, manufactures, packages, markets, and distributes generic versions of branded pharmaceutical products in the United States. It offers solid oral, extended release, topical, and oral solution finished dosage forms of drugs that address a range of therapeutic areas.
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