On Monday, in the course of current trade, Shares of Capital One Financial Corp. (NYSE:COF), dropped -0.36%, and is now trading at $81.03.
Capital One Financial Corporation, declared a quarterly dividend of $0.40 per share payable August 20, 2015 to stockholders of record as of August 10, 2015. The company has declared dividends on its common stock every quarter since it became an independent company on February 28, 1995. Dividends declared by the company are eligible for direct reinvestment in the company’s common stock under its Dividend Reinvestment and Stock Purchase Plan.
The company also declared a quarterly dividend on the outstanding shares of its 6.00% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B (the “Series B Preferred Stock”). Each outstanding share of the Series B Preferred Stock is represented by depositary shares, each representing a 1/40th interest in a share of Series B Preferred Stock. The dividend of $15.00 per share (equivalent to $0.375 per outstanding depositary share) will be paid on September 1, 2015 to stockholders of record at the close of business on August 17, 2015.
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association (COBNA); and Capital One, National Association (CONA), which provide various financial products and services in the United States, the United Kingdom, and Canada.
During mid-morning trade, Shares of MBIA Inc. (NYSE:MBI), climbed 0.34%, and is now trading at $5.97.
MBIA, declared that Keith D. Curry (60) was elected to the Company’s Board of Directors in accordance with the board’s power under MBIA Inc.’s by-laws to fill interim vacancies. Since February of 2006, Mr. Curry has been a city council member in Newport Beach, California where he served as mayor in 2010 and 2013.
In May of 2011, Mr. Curry stepped down as a managing director of Public Financial Administration Inc. (“PFM”), the nation’s largest public finance advisory organization, after a 24-year career in public finance. While at PFM, Mr. Curry served as a member of the firm’s board of directors, planned planning committee, head of the Western States practice, head of the national Transportation Practice, and head of the Environmental Finance practice. He advised on more than $15 billion in public finance transactions at PFM. From October 2004 to October 2006, he served as President of the National Association of Independent Public Finance Advisors and testified before Congress on issues of financial industry regulation and consumer protections.
MBIA Inc. provides financial guarantee insurance services to public finance markets in the United States and internationally. The company operates through U.S. Public Finance Insurance, and International and Structured Finance Insurance segments.
Shares of Union Pacific Corporation (NYSE:UNP), during its Monday’s current trading session fell -0.67%, and is now trading at $96.95.
Affirming its commitment to protecting the environment now and for future generations, Union Pacific presented climate change data to CDP and outlined initiatives and investments to reduce greenhouse gas emissions. For the second time, the company also stated on its water consumption and responsible administration of this resource in CDP’s water questionnaire.
The seventh annual public disclosure details Union Pacific’s actions to continuously improve environmental performance, counting:
- Investing in locomotive technology to support the rail industry’s move toward the U.S. EPA’s Tier 4 air emissions standards.
- Managing infrastructure, equipment and operations through training and awareness to enhance fuel efficiency.
- Creating a multi-disciplinary fuel conservation team, focused, in part, on addressing locomotive fuel, the company’s largest greenhouse gas source.
Union Pacific Corporation, through its partner, Union Pacific Railroad Company, operates railroads in the United States. The company offers freight transportation services for agricultural products, counting grains, commodities produced from grains, and food and beverage products; automotive products, such as finished vehicles and automotive parts; and chemicals compriseing of industrial chemicals, plastics, crude oil, liquid petroleum gases, fertilizers, soda ash, sodium products, and phosphorus rock and sulfur products.
Finally, Avolon Holdings Ltd (NYSE:AVOL), gained 0.31% Monday.
Avolon, declared the commencement of a cash tender offer by Bohai Leasing Co., Ltd. for 20% of the issued and outstanding common shares of Avolon at a price of US$26 per share following a Plan TO and related Offer to Purchase to be filed with the Securities and Exchange Commission (“SEC”) on July 31, 2015. The Offer is being made following the Investment and Tender Offer Agreement, dated July 14, 2015 between Avolon, Bohai and an indirect wholly owned partner of Bohai.
A Tender Offer Solicitation/Recommendation Statement on Plan 14D-9 to be filed by Avolon with the SEC recently will state that Avolon has also received a non-binding unsolicited offer from an independent third party to acquire 100% of the issued and outstanding common shares of Avolon at a price of US$30 per share.
Avolon Holdings Limited acquires, manages, leases, and sells commercial jet aircraft to various airlines and lessees in the United States and internationally. The company also acts as a servicer for third party aircraft owners.
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