On Friday, Shares of Procter & Gamble Co (NYSE:PG), gained 0.85% to $74.90. 9.58 million shares of the company were exchanged.
The Board of Directors of The Procter & Gamble Company (PG) declared a quarterly dividend of $0.6629 per share on the Common Stock and on the Series A and Series B ESOP Convertible Class A Preferred Stock of the Company, payable on or after November 16, 2015, to Common Stock shareholders of record at the close of business on October 23, 2015, and to Series A and Series B Preferred Stock shareholders of record at the start of business on October 23, 2015.
The dividend was declared during P&G’s annual shareholder meeting in Cincinnati. P&G has been paying a dividend for 125 successive years since its incorporation in 1890 and has raised its dividend for 59 successive years.
The Procter & Gamble Company, together with its auxiliaries, manufactures and sells branded consumer packaged products worldwide. It operates through five segments: Beauty, Hair and Personal Care; Grooming; Health Care; Fabric Care and Home Care; and Baby, Feminine and Family Care.
Shares of Coach Inc (NYSE:COH), declined -0.57% to $29.69, during its last trading session.
Coach, Inc. (COH) declared a strengthening of its brand communications organization with two key appointments focused on elevating the brand message globally.
Caroline Deroche Pasquier will join Coach as Senior Vice President, Global Public Relations and Communications, effective in early calendar 2016, reporting to both Victor Luis and Stuart Vevers, Executive Creative Director. In her role, Ms. Pasquier will be responsible for defining and driving the global public relations and brand communications strategy, partnering with leaders throughout the organization to create and deliver a comprising and cohesive brand story, in support of Coach’s modern luxury positioning.
Ms. Pasquier joins Coach from LVMH, where she has been the Worldwide Communication Director for Givenchy. At Givenchy, she has been responsible for managing press, media, celebrity influencers and events counting the organization and administration of the fashion shows across all collections. Proceeding to Givenchy, Ms. Pasquier was the International Press and Public Relations Director for the Louis Vuitton brand and started her career in worldwide press for Yves Saint Laurent.
Coach, Inc. provides luxury accessories and lifestyle collections in the United States. The company offers handbags, rings, charms, small leather goods, and novelty accessories for women; and business cases, computer bags, messenger-style bags, totes, wallets, card cases, belts, and time administration and electronic accessories for men.
Finally, Shares of LendingClub Corp (NYSE:LC), ended its last trade with -3.95% loss, and closed at $14.36.
Lending Club (LC), the world’s largest online marketplace connecting borrowers and investors, has rolled out a new multi-draw line of credit product, giving small businesses convenient and flexible access to affordable credit.
Lending Club had been beta-testing a multi-draw line of credit product over the last few months with a short list of select business partners counting Ingram Micro Inc., the world’s leading technology distributor, to fine tune the experience.
Lending Club launched a term loan for small businesses in 2014. The line of credit is similar in that businesses can visit lendingclub.com/business to apply for a line of credit and see if they qualify in minutes, with no impact to their credit score. As with the term loan, to qualify, they must have been in business for two years and be able to show revenue of at least $75,000 annually. What sets the line of credit apart is instead of receiving a lump sum all at once, and paying interest on it from the starting, business owners can draw what they need at that time, thus potentially reducing their interest cost. There are no fees or costs to open the line, which ranges from $5,000 to $300,000. Instead, businesses pay a 1-2% fee when they draw on the line. Lending Club piloted the product with Alibaba.com and Ingram Micro customers, and is now making it accessible to all qualified small businesses. Interest rates start at 6%.
LendingClub Corporation operates as an online marketplace for connecting borrowers and investors in the United States. Its marketplace facilitates various types of loan products for consumers and small businesses, counting unsecured personal loans, super prime consumer loans, unsecured education and patient finance loans, and unsecured small business loans.
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