On Tuesday, Fastenal Company (NASDAQ:FAST)’s shares surged 4.44% to $41.79, as Fastenal stated the results of the quarter ended March 31, 2015.
On April 13, FAST stated its board of directors declared a dividend of $0.28 per share to be paid in cash on May 26, 2015 to shareholders of record at the close of business on April 28, 2015.
Fastenal began paying annual dividends in 1991, semi-annual dividends in 2003, and then expanded to quarterly dividends in 2011. Our board of directors intends to continue paying quarterly dividends, offered that any future determination as to payment of dividends will depend upon the financial condition and results of operations of the Company and such other factors as are deemed relevant by the board of directors, such as revenue tax rates related to dividends.
Fastenal Company, together with its auxiliaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. The company offers fasteners, and other industrial and construction supplies primarily under the Fastenal name.
Vale S.A. (NYSE:VALE)’s shares gained 4.43% to $6.13, during the last trading session on Tuesday, as Brazilian iron ore exports rose to a three-month high.
The South American nation, which accounts for about 25% of the global market share of iron ore’s trade volume, exported 30.8 million tons of iron ore in March 2015, a three-month high.
This figure marks a raise of 6.3 million tons year-over-year and a 21.9% raise month-over-month. Raised volumes from Vale, the major iron ore exporter from Brazil.
Vale S.A., together with its auxiliaries, engages in the research, production, and sale of iron ore and pellets, nickel, fertilizer, copper, coal, manganese, ferroalloys, cobalt, platinum group metals, and precious metals in Brazil and internationally. Its Bulk Material segment produces and extracts iron ore and pellet.
At the end of Tuesday’s trade, LendingClub Corporation (NYSE:LC)’s shares gained 4.21% to $18.80, as LC and Citi, (NYSE:C) are launching a pioneering new partnership with Varadero Capital L.P., an alternative administration firm focused on specialized credit investments, to facilitate up to $150 million in loans designed to provide more affordable credit to underserved borrowers and communities.
Citi Community Capital is the group within Citi that focuses on providing community development loans and investments that assist meet the credit needs of communities and which receive consideration under the Community Reinvestment Act (CRA).
All qualifying loans will be issued by WebBank, a Utah-chartered Industrial Bank, and purchased by Varadero Capital through a credit facility offered by Citibank.
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.
Finally, Precision Drilling Corporation (NYSE:PDS), ended its Tuesday’s trading session with 4.15% gain, and closed at $7.27, as PDS intends to release its 2015 first quarter results before the market opens on Monday, April 27, 2015 and has planned a conference call and webcast to start promptly at 12:00 Noon MT (2:00 p.m. ET) on the same day.
Precision Drilling Corporation provides oil and natural gas drilling and related services and products. The company operates through two segments, Contract Drilling Services; and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry.
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