On Friday, Shares of Avis Budget Group Inc. (NASDAQ:CAR), dropped -3.45% to $48.91.
Avis Budget Group Inc., declared that it has signed a multi-year preferred partnership agreement with JetBlue Airways (JBLU). The new agreement significantly expands the existing marketing affiliation between the two companies, under which Avis Budget Group has served as a partner within JetBlue’s TrueBlue loyalty rewards program.
Under the new agreement, Avis Budget Group will promote its Avis Car Rental, Budget Car Rental and Payless Car Rental brands, products and services in addition to money-saving offers directly to JetBlue customers and TrueBlue members. TrueBlue members and those with Mosaic status will have the opportunity to earn TrueBlue points when renting from Avis, Budget and Payless. The three rental brands will also be featured on JetBlue’s online booking channel located at www.jetblue.com so that travelers can conveniently make car rental reservations when purchasing airline tickets.
Avis Budget Group, together with its auxiliaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers worldwide. The company has three segments: North America, International, and Truck Rental.
Shares of Invesco Mortgage Capital Inc (NYSE:IVR), climbed 0.82% to $15.93.
Invesco Mortgage Capital Inc, declared that its Board of Directors declared quarterly dividends on shares of its common stock and Series A and Series B preferred stock.
Common Stock Dividend
The Company’s Board of Directors declared a cash dividend of $0.45 per share of common stock for the second quarter of 2015. The dividend will be paid on July 28, 2015 to stockholders of record on June 26, 2015, with an ex-dividend date of June 24, 2015.
Series A Preferred Stock Dividend
The Board of Directors declared a quarterly cash dividend on its 7.75% Series A Preferred Stock of $0.4844 per share. The dividend will be paid on July 27, 2015 to stockholders of record on July 1, 2015.
Series B Preferred Stock Dividend
The Board of Directors also declared a quarterly cash dividend on its 7.75% Fixed-to-Floating Series B Preferred Stock of $0.4844 per share. The dividend will be paid on September 28, 2015 to stockholders of record on September 5, 2015.
Invesco Mortgage Capital Inc., a real estate investment trust, focuses on investing in, financing, and managing residential and commercial mortgage-backed securities and mortgage loans.
Finally, Supercom Ltd (NASDAQ:SPCB), gained 0.33% to $12.29.
Supercom Ltd, declared the pricing of an underwritten public offering of 2,100,000 shares of its ordinary shares at a price to the public of $12.00 per share for total gross proceeds, before underwriting commissions and offering expenses, of $25,200,000. The offering is predictable to close on or about June 23, 2015, subject to customary closing conditions. SuperCom has granted the underwriters a 30-day option to purchase up to 315,000 additional shares of ordinary shares to cover overallotments, if any.
Cowen and Company, LLC is acting as sole book-runner for the offering, and B. Riley & Co., LLC, Craig-Hallum Capital Group LLC and Feltl and Company, Inc. are acting as co-managers.
SuperCom Ltd. provides traditional and digital identity solutions to governments, and private and public organizations worldwide. The company offers real-time positioning, tracking, monitoring, and verification solutions enabled by its PureRF wireless hybrid suite of products and technologies that are connected to a Web-based interactive interface.
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