On Friday, Kohl’s Corporation (NYSE:KSS)’s shares declined -2.68% to $52.30.
Kohl’s Department Stores ( KSS) declared the donation of $3 million over three years to the American Cancer Society to continue Kohl’s support of the fight against breast cancer. The donation will also launch the brand-new Kohl’s Healthy Families program in southeast Wisconsin, dedicated to providing information and resources on the prevention, diagnosis and treatment of cancer through three core components – assisting families stay well, get well and fight back.
The donation will fund the following elements of the new Kohl’s Healthy Families program:
- Stay Well – Families will have access to lifesaving educational tools to assist them stay well through prevention and early detection of cancer. Initiatives will also offer resources to schools to implement a structured curriculum focused on healthy eating and physical activity, in addition to assist create wellness policies through the completion of a needs assessment and development of an action plan to bring wellness changes to area schools.
- Get Well – Patients will receive support after a breast cancer diagnosis by working directly with medical professionals to design and take part in customized nutrition and physical activity programs to meet each patient’s specific health needs and aims. Additionally, patients and their loved ones will find comfort in educational materials catered to understanding and coping with any cancer diagnosis.
Kohl’s Corporation operates department stores in the United States. It offers private label, exclusive, and national brand apparel, footwear, accessories, beauty, and home products to children, men, and women customers. The company also sells its products online at Kohls.com and through mobile devices.
Skechers USA Inc (NYSE:SKX)’s shares dropped -4.24% to $140.67.
SKECHERS USA, Inc. (SKX), a global leader in footwear, declared that its Board of Directors has approved a three-for-one split of the Company’s Class A and Class B common stock that will be distributed in the form of a stock dividend.
The stock split is subject to stockholder approval of an amendment to the Company’s Certificate of Incorporation to enhance the authorized number of Class A and Class B shares. The stockholder vote is predictable to take place at a special meeting of stockholders presently planned for September 24, 2015. If the Company’s stockholders approve the authorization of additional shares, the stock dividend will be distributed to the stockholders of record as of the close of business on October 2, 2015, with a payment date of October 15, 2015.
Skechers U.S.A., Inc. designs, develops, markets, and distributes footwear for men, women, and children, in addition to performance footwear for men and women under the Skechers GO brand name worldwide. It operates through four segments: Domestic Wholesale Sales, International Wholesale Sales, Retail Sales, and E-commerce Sales. The company offers casual footwear, counting boots, shoes, and sandals for men, in addition to oxfords and slip-ons, lug outsole and fashion boots, and casual sandals for women; dress casuals, seasonal sandals and boots, and relaxed fit casuals for men and women; casual fusion line for young men and women under the Skechers USA brand.
At the end of Friday’s trade, Invesco Mortgage Capital Inc (NYSE:IVR)‘s shares dipped -0.94% to $13.71.
Invesco Mortgage Capital Inc. (IVR) declared financial results for the quarter ended June 30, 2015, reporting core earnings* of $0.41 per common share and book value per diluted common share** of $18.62. Second quarter core earnings reflect lower interest income and contribution to earnings from unmerged real estate joint ventures relative to first quarter 2015. Interest income was primarily influenced by faster prepayment speeds, higher amortization, and reinvestment of principal repayments into assets with lower yields.
During the second quarter of 2015, the Company reinvested cash flow into Agency Hybrid ARMs and closed two commercial real estate loans totaling $71 million. “We believe our company is well positioned for the current market environment and to benefit from improving real estate fundamentals,” said Mr. King.
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. It invests in residential mortgage-backed securities for which a U.S. government agency guarantees payments of principal and interest on the securities; residential mortgage-backed securities that are not issued or guaranteed by a U.S. government agency; commercial mortgage-backed securities; residential and commercial mortgage loans; and other real estate-related financing arrangements.
Interpublic Group of Companies Inc (NYSE:IPG), ended its Friday’s trading session with -3.11% loss, and closed at $19.61.
Interpublic Group (IPG) declared that the company`s Board of Directors has declared a quarterly dividend on IPG common stock of $0.12 per share, payable on September 15, 2015 to holders of record at the close of business on September 1, 2015.
The Interpublic Group of Companies, Inc. provides advertising and marketing services. The company operates in two segments, Integrated Agency Netoperates and Constituency Administration Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.
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