On Friday, Shares of Wells Fargo & Co (NYSE:WFC), lost -2.14% to $51.31.
Wells Fargo Real Estate Investment Corporation (NYSE: WFE Pr A) declared that its board of directors has declared a quarterly dividend on its 6.375% cumulative perpetual preferred stock, Series A. The dividend is equal to $0.3984375 per share of Series A preferred stock.
The dividend is payable on Sept. 30, 2015, to holders of record as of the close of business on Sept. 15, 2015. Wells Fargo Real Estate Investment Corporation is an indirect partner of Wells Fargo & Company and is qualified as a real estate investment trust for federal income tax purposes.
Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, in addition to time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards.
Shares of H & R Block Inc (NYSE:HRB), inclined 0.37% to $35.33, during its last trading session.
H & R Block Inc, declared that it is commencing its formerly declared “modified Dutch auction” tender offer for up to $1,500,000,000 of its common stock at a price per share not less than $32.25 and not greater than $37.00. The tender offer will expire at 5:00 P.M., New York City time, on Friday, October 2, 2015, unless extended by the company. Tenders of shares must be made on or preceding to the expiration of the tender offer and may be withdrawn at any time preceding to the expiration of the tender offer, in each case, in accordance with the procedures described in the tender offer materials.
H&R Block anticipates to fund the purchase of shares in the tender offer with a combination of available cash, borrowings under a new credit agreement (the “2015 Credit Facility”) that its wholly owned partner, Block Financial LLC (“Block Financial”), intends to enter into preceding to the consummation of the tender offer (and that will be guaranteed by H&R Block) and/or proceeds of incremental debt Block Financial may issue preceding to the consummation of the tender offer. The tender offer will not be conditioned upon any minimum number of shares being tendered, but will be subject to certain other conditions, counting the condition that Block Financial enter into the 2015 Credit Facility and the availability of funds thereunder that, together with other available funds, are sufficient to fund the purchase of shares in the tender offer.
H&R Block, Inc., through its auxiliaries, provides tax preparation, banking, and other services to the general public primarily in the United States, Canada, and Australia.
Finally, VeriFone Systems Inc (NYSE:PAY), ended its last trade with -4.72% loss, and closed at $29.58.
VeriFone Systems, Inc., the global leader in secure electronic payment solutions, declared financial results for the three months ended July 31, 2015. GAAP and non-GAAP net revenues for the quarter were $510 million, contrast to $476 million a year ago, a 7% improvement, and an 18% improvement on a constant currency basis. GAAP net income per diluted share for the quarter was $0.08, contrast to a net loss of $0.26 a year ago. Non-GAAP net income per diluted share was $0.47, contrast to $0.40 a year ago, a 18% improvement.
Q3 was a record quarter for Verifone, said Paul Galant, Chief Executive Officer of Verifone. We saw the first half-billion-dollar revenue quarter in the companys history; grew our non-GAAP earnings per share by 18 percent over last year; and outpaced both market expectations and the industry. In addition, we will start to launch our next generation solutions at the end of this year. As we continue to make the turn from mostly shipping terminals to delivering fully integrated solutions, our next-generation of connected devices, services, and digital commerce applications will drive unprecedented value for our clients, and long-term growth for Verifone.
Financial and Business Highlights
- Achieved record North America net revenues for the third successive quarter driven by security needs and EMV migration, and raised demand for Petroleum, Media, and our Payment as a Service offerings
- Grew share in Europe, with six European markets achieving double-digit revenue gains on a year-over-year constant currency basis
- Grew Asia Pacific business by 11 percent sequentially; designated accomplished leaders for the Asia Pacific region; and achieved important NCCA certification for our China partner
- Improved net revenues in Latin America 8 percent sequentially and launched next-generation global gateway offering in Mexico
- Expanded footprint of connected devices to build an integrated network for delivering payment services and digital commerce applications, counting targeted media, loyalty, and offers
- Awarded mobile POS business of a top four U.S. wireless carrier to deploy the O/S agnostic e355 in all of its retail stores
- Signed more than 25 U.S. merchants for Secure Commerce Architecture, expanding EMV compliance and device connectivity
- Raised media revenues and grew global installed base of our taxi and fuel dispenser consumer-facing media screens
VeriFone Systems, Inc. designs, markets, and services electronic payment solutions at the point of sale (POS) worldwide. It provides countertop electronic payment systems that accept card payment options, such as NFC, mobile wallets, chip and PIN, and contactless payments, in addition to support credit and debit card, EBT, EMV, and other PIN-based transactions; and a portfolio of application libraries and development tools.
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