On Friday, Manulife Financial Corporation (USA) (NYSE:MFC)’s shares declined -1.48% to $18.64.
Manulife Financial Corporation (USA) (MFC) declared its intention to redeem all of its outstanding 14,000,000 Non-cumulative Class A Shares, Series 1 (“Series 1 Preferred Shares”) for cash on June 19, 2015. The Series 1 Preferred Shares (MFC-PA.TO) are redeemable at Manulife’s option on June 19, 2015, at a redemption price per Series 1 Preferred Share equal to C$25.00 for an aggregate total of C$350 million. Formal notice will be delivered to holders of Series 1 Preferred Shares in accordance with the terms outlined in the share provisions for the Series 1 Preferred Shares.
Separately from the redemption price, the final quarterly dividend of C$0.25625 per Series 1 Preferred Share will be paid in the usual manner on June 19, 2015 to shareholders of record on May 20, 2015. After the Series 1 Preferred Shares are redeemed, holders of Series 1 Preferred Shares will cease to be entitled to distributions of dividends and will not be entitled to exercise any rights as holders other than to receive the redemption price.
Manulife Financial Corporation, together with its auxiliaries, provides financial protection and wealth administration products and services to individual, corporate, and business customers primarily in Asia, Canada, and the United States. It offers various individual life and health insurance, and individual and group long-term care insurance products through insurance agents, brokers, banks, financial planners, and direct marketing.
Plug Power Inc (NASDAQ:PLUG)’s shares dropped -1.53% to $2.58.
Plug Power Inc (PLUG) declares a big box retailer as their recent new customer receiving a comprehensive GenKey hydrogen and fuel cell system to power their material handling fleet in its new distribution warehouse constructed in Troy Township near Toledo, Ohio.
The GenKey installation is fully deployed, counting 177 GenDrive units that will power a mix of class-2 and class-3 lift and reach trucks, a GenFuel hydrogen fuel supply and storage infrastructure, and a GenCare maintenance contract. This site is the first to deploy Plug Power’s outdoor skid, the newest GenFuel enhancement. Bringing the skid in-house gives Plug Power greater quality control and positively influences the Company’s gross margin roadmap.
Most importantly, this new big box retail customer has more than 100 distribution centers in North America. Plug Power is presently in talk aboutions with this partner for future deployments across their network. This represents a key base-customer, critical to Plug Power’s growth strategy and incredibly influential in regards to the Company’s revenue, bookings and shipments.
Plug Power Inc., an alternative energy technology provider, engages in the design, development, manufacture, and commercialization of fuel cell systems for the industrial off-road markets worldwide. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies.
At the end of Friday’s trade, Mobile TeleSystems OJSC (ADR) (NYSE:MBT)‘s shares dipped -1.49% to $11.23.
Mobile TeleSystems OJSC (ADR) (MBT) declares its unaudited IFRS financial results for the three months ended March 31, 2015.
Key Financial Highlights of Q1 2015
- Merged group revenue raised 2.7% y-o-y to RUB 100.2 bln
- Total revenue in Russia rose 3.6% y-o-y to RUB 90.4 bln
- Mobile service revenue in Russia improved 3.9% y-o-y to RUB 70.5 billion
- Data traffic revenue in Russia grew 26.0% y-o-y to RUB 18.1 bln
- Handset sales raised 1.2% y-o-y to RUB 6.3 bln
- Group Adjusted OBDA down 2.0% to RUB 41.3 bln
- OIBDA in Russia rose 0.9% y-o-y to RUB 38.2 bln
Key Corporate and Industry Highlights
- Won a tender for a nationwide license for the provision of 3G telecommunications services in the 1950-1965 MHz/2140-2155 MHz in Ukraine. The cost of the license amounted to UAH 2.7 bln.
- Launched LTE network in the 1800 MHz range in Moscow and LTE network in the 800 MHz range throughout the Moscow region
- Launched LTE network in the 1800 MHz range in Saint Petersburg and the Leningrad Region
- Launched LTE network in the 1800 MHz range in the Krasnodar region in southern Russia
- Annual dividend recommendation by the MTS Board of RUB 19.56 per ordinary MTS share (RUB 39.12 per ADR), or a total of RUB 40.419 bln based on the full-year 2014 financial results, upon acceptance by the AGM and completion of this payment, MTS will have paid out up to RUB 53.2 bln rubles based on fiscal year 2014 financial results
Mobile TeleSystems OJSC provides telecommunication services in Russia and the Commonwealth of Independent States. It offers a range of mobile and fixed line voice and data telecommunications services, counting data transfer, broadband, pay-TV, and various value-added services, in addition to sells equipment and accessories.
Martin Marietta Materials, Inc. (NYSE:MLM), ended its Friday’s trading session with -1.49% loss, and closed at $152.30.
Anne H. Lloyd, Executive Vice President and Chief Financial Officer of Martin Marietta Materials, Inc. (MLM) declared that the Board of Directors has declared a regular quarterly cash dividend of $0.40 (forty cents) per share on the Corporation’s common stock. This dividend, which represents a cash dividend of $1.60 per share on an annualized basis, is payable June 30, 2015, to shareholders of record at the close of business on June 1, 2015.
Martin Marietta Materials, Inc., together with its auxiliaries, supplies aggregates products and heavy building materials for the construction industry in the United States and internationally. It operates through Mid-America Group, Southeast Group, West Group, Cement, and Magnesia Specialties segments.
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