On Thursday, Shares of Inotek Pharmaceuticals Corp (NASDAQ:ITEK), gained 5.70% to $14.27.
Inotek Pharmaceuticals Corporation, declared that $20,970,000 of its 5.0% Convertible Senior Notes due 2020 maturing February 15, 2020 have been converted into shares of common stock of the Company. The 2020 Notes converted into about 3.86 million shares, counting about 3.33 million shares underlying the 2020 Notes and about 0.53 million shares issued following the interest make-whole provision, which the Company elected to settle in shares. As a result of these conversions, Inotek has $30,000 of its 2020 Notes outstanding.
Inotek Pharmaceuticals Corporation, a clinical-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of therapies for glaucoma. The company’s lead product candidate comprises Trabodenoson, an adenosine mimetic that has accomplished Phase II clinical trials for lowering IOP by restoring the eye’s natural pressure control mechanism, in addition to for optic neuropathy.
Shares of Pitney Bowes Inc. (NYSE:PBI), declined -0.89% to $21.24, during its last trading session.
Pitney Bowes Inc., declared that its Board of Directors has declared a quarterly cash dividend on the company’s common stock of $0.1875 per share. The dividend will be paid on September 11, 2015, to stockholders of record on August 21, 2015.
In addition, a quarterly cash dividend of $0.53 per share on the company’s $2.12 convertible preference stock, will be paid on October 1, 2015, to stockholders of record on September 11, 2015, and a quarterly cash dividend of $0.50 per share on the company’s 4 percent convertible cumulative preferred stock will be paid on November 1, 2015, to stockholders of record on October 15, 2015.
Pitney Bowes Inc. provides technology products and solutions in the United States and internationally. The company operates through Small and Medium Business Solutions, Enterprise Business Solutions, and Digital Commerce Solutions segments.
Finally, MDU Resources Group Inc (NYSE:MDU), ended its last trade with -2.49% loss, and closed at $18.38.
The MDU Resources Group declared quarterly dividends on the company’s common and preferred stock.
The dividend for common stock is 18.25 cents per share, unchanged from the previous quarter. Dividends for preferred stock are:
- $1.12-1/2 per share on 4.50 percent Series Preferred
- $1.17-1/2 per share on 4.70 percent Series Preferred
- $1.27-1/2 per share on 5.10 percent Series Preferred
- The dividends are payable Oct. 1, 2015, to stockholders of record Sept. 10, 2015.
MDU Resources Group, Inc., a member of the S&P MidCap 400 index, provides value-added natural resource products and related services that are essential to energy and transportation infrastructure, counting regulated utilities and pipelines, construction materials and services, and exploration and production.
MDU Resources Group, Inc. operates as a diversified natural resource company in the United States. The company’s Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming.
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.
