On Wednesday, Wal-Mart Stores, Inc. (NYSE:WMT)’s shares inclined 1.32% to $71.86.
Western Alliance Bancorporation (WAL) today completed its merger with Bridge Capital Holdings ( BBNK). Bridge Bank, National Association, the operating subsidiary of Bridge Capital Holdings, has been merged with and into Western Alliance Bank, the principal operating subsidiary of Western Alliance Bancorporation. Offices of Bridge Bank will continue to use the Bridge Bank name as a division of Western Alliance Bank.
The combined company has approximately $13 billion in assets and 48 offices, with banking divisions based in California, Arizona and Nevada, as well as specialized banking services throughout the U.S.
Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It accepts various deposit products, counting checking accounts, savings accounts, and money market accounts, in addition to fixed-rate and fixed maturity retail certificates of deposit. It also offers commercial and industrial loan products comprising working capital lines of credit, inventory and accounts receivable lines, mortgage warehouse lines, equipment loans and leases, and other commercial loans; commercial real estate loans, which are secured by apartment buildings, professional offices, industrial facilities, retail centers, and other commercial properties; construction and land development loans for multi-family apartment projects, industrial/warehouse properties, office buildings, retail centers, and medical facilities; and consumer loans.
Travelers Companies Inc (NYSE:TRV)’s shares gained 2.75% to $99.32.
Travelers Companies Inc (TRV) will review its second quarter 2015 results at 9 a.m. ET on Tuesday, July 21, following the release of results earlier that morning.
The Travelers Companies, Inc., through its auxiliaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the Unites states and internationally. It operates in three segments: Business and International Insurance; Bond & Specialty Insurance; and Personal Insurance.
At the end of Wednesday’s trade, Key Energy Services, Inc. (NYSE:KEG)‘s shares dipped -11.39% to $1.60.
Key Energy Services, Inc. (KEG) declared that Robert Drummond, age 54, has joined the Company as President and Chief Operating Officer, effective right away. Mr. Drummond was formerly employed by Schlumberger for 31 years, serving in various positions of increasing responsibility counting administration, business development and operations. He most recently served as President of Schlumberger Limited’s North American business unit.
With Mr. Drummond assuming the position of President, Richard J. “Dick” Alario will remain Key’s Chairman and Chief Executive Officer.
Key Energy Services, Inc. operates as an onshore rig-based well servicing contractor in the United States and internationally. It offers rig-based services, counting the maintenance, workover, and recompletion of existing oil wells; completion of newly-drilled wells; and plugging and abandonment of wells at the end of their lives, in addition to specialty drilling services to oil and natural gas producers.
Kroger Co (NYSE:KR), ended its Wednesday’s trading session with 0.99% gain, and closed at $73.23.
Kroger Co (KR) declared that its Board of Directors approved a 13.5 percent enhance to the company’s quarterly dividend, a two-for-one split of its common shares, and a new $500 million share repurchase program.
13.5% Quarterly Dividend Enhance
Kroger’s Board raised the quarterly dividend to 21 cents per share on a pre-split basis. Because the dividend will be paid after the stock split is effective, shareholders of record as of the close of business on August 14, 2015 will be paid 10.5 cents per split-adjusted share on September 1, 2015.
Kroger has delivered double-digit compound growth in its dividend since it was reinstated in 2006. The company continues to expect an increasing dividend over time.
2-for-1 Stock Split
Kroger’s Board approved a two-for-one split of its common shares. On or about July 13, 2015, each shareholder of record as of the close of business on July 6, 2015 will receive a dividend of one common share for each common share held. Based on the net number of common shares outstanding as of May 23, 2015, the stock split will enhance the net number of common shares outstanding from about 481 million to 962 million.
This is the fifth stock split in Kroger’s history. The stock split formerly in 1979, 1986, 1997 and 1999.
The Kroger Co., together with its auxiliaries, operates as a retailer in the United States and internationally. It also manufactures and processes food for sale in its supermarkets. The company operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, in addition to meat, dairy, baked goods, and fresh produce items.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
