On Thursday, T-Mobile US Inc (NYSE:TMUS)’s shares inclined 0.69% to $39.30.
T-Mobile US Inc (TMUS) promised to take on a wireless industry that’d grown too fat to give a damn about its customers. Since then, the Un-carrier™ has eliminated the worst of the carrier abuses with an aggressive drumbeat of industry-rocking moves—and Americans have responded by making T-Mobile America’s fastest growing wireless company. But the company isn’t stopping there. T-Mobile is rolling out a series of epic updates to some of its wildly popular Un-carrier moves this summer and calling it ‘Un-carrier Amped!’ So today, the company kicked things off in a big way by amping up Un-carrier 2.0, its groundbreaking JUMP!® program, and introducing the industry’s lowest monthly cost to get an iPhone 6 when you trade-in your smartphone.
T-Mobile US, Inc., together with its auxiliaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, such as smartphones, tablets, and other mobile communication devices, in addition to accessories, which are manufactured by various suppliers. It offers services, devices, and accessories through its owned and operated retail stores, in addition to through its Websites.
Phillips 66 (NYSE:PSX)’s shares dropped -0.38% to $78.89.
Phillips 66(PSX) will release its second-quarter 2015 financial results Friday, July 31, at 8 a.m. EDT. Later that day, Phillips 66 executive administration will host a conference call webcast at noon EDT to talk about the company’s second-quarter performance and provide an update on planned initiatives.
Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks to its refineries and other locations; and delivers refined and specialty products, in addition to provides storage services for crude oil and petroleum products.
At the end of Thursday’s trade, ARMOUR Residential REIT, Inc. (NYSE:ARR)‘s shares dipped -1.01% to $2.95.
ARMOUR Residential REIT, Inc. (ARR) declared that it anticipates to enhance common stock dividends in Q3 2015 and that it’s Board of Directors has approved a reverse stock split of ARMOUR’s outstanding shares of common stock at a ratio of one-for-eight.
One-for-Eight Reverse Stock Split
The reverse stock split is planned to take effect at about 5:00 p.m. Eastern Time on July 31, 2015 (the “Effective Time”). At the Effective Time, every eight issued and outstanding shares of common stock of the Company will be converted into one share of common stock of the Company. In addition, at the Effective Time, the number of authorized shares of common stock will also be reduced on a one-for-eight basis. The par value of each share of common stock will remain unchanged. Trading in ARMOUR’s common stock on a split adjusted basis is predictable to start at the market open on August 3, 2015. ARMOUR’s common stock will continue trading on the NYSE under the symbol “ARR” but will be assigned a new CUSIP number. The Company believes that existing stockholders will benefit from the ability to attract a broader range of investors as a result of the reverse stock split and a higher per share stock price. In this regard, the Company notes that the average book value of ARMOUR’s common stock over the last five trading sessions was about $4.00 per share, which is about 28% above last night’s closing price of $2.87.
Q3 2015 Common Stock Dividends
The Board of Directors of ARMOUR recently declared the Company’s predictable third quarter 2015 cash dividend rates per common share as set forth below.
| Month | Dividend | Holder of Record Date | Payment Date |
| July 2015 | $0.04 | July 15, 2015 | July 27, 2015 |
| August 2015 | $0.33 | August 17, 2015 | August 27, 2015 |
| September 2015 | $0.33 | September 15, 2015 | September 28, 2015 |
The predictable July 2015 dividend rate of $0.04 per common share, which is the same as the Q2 2015 dividend rate, does not reflect the effect of the reverse stock split and would be equivalent to $0.32 per common share on a basis reflecting the one-for-eight reverse stock split. After the completion of the reverse stock split on July 31, 2015, ARMOUR’s August 2015 and September 2015 dividend rates are predictable to be set at $0.33 per share. As a result, the aggregate dividends per common share that ARMOUR anticipates to pay in Q3 2015 is an enhance over the aggregate dividends per common share that the Company paid in Q2 2015.
ARMOUR Residential REIT, Inc. invests in and manages a portfolio of residential mortgage backed securities in the United States. The company is managed by ARMOUR Capital Administration LP. Its securities portfolio primarily comprises of agency securities backed by fixed rate, hybrid adjustable rate, and adjustable rate home loans, in addition to unsecured notes and bonds issued by the government-sponsored entities and the United States treasuries; and money market instruments.
Hartford Financial Services Group Inc (NYSE:HIG), ended its Thursday’s trading session with -1.04% loss, and closed at $41.83.
Most midsize business leaders view a data breach among their top risks and a majority consider IT security ‘very important’ when selecting a supplier, according to The Hartford’s survey of midsize business owners and C-level executives. They have good reason to be concerned: 43 percent had experienced a data breach in the prior three years, and 13 percent have had a supplier’s data breach impact their business information.
The Hartford survey found most midsize business leaders (82 percent) consider a data breach at least a minor risk to their business. Nearly one-third (32 percent) view it as a major risk.
Recognizing the data risks involving suppliers, more than half of the midsize business leaders (53 percent) surveyed consider IT security and data protection practices very important when selecting a supplier. By comparison, 36 percent consider a supplier’s contingency planning and 28 percent view a supplier’s location relative to their business as very important.
The Hartford Financial Services Group, Inc., through its auxiliaries, provides insurance and financial services to individual and business customers primarily in the United States. The company’s Commercial Lines segment offers workers compensation, property, automobile, marine, umbrella, liability, and livestock coverage’s, in addition to customized insurance products and risk administration services, counting professional liability, bond, and specialty casualty coverage’s.
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