During Wednesday’s Current trade, Shares of Eastman Chemical Company (NYSE:EMN), lost -0.28% to $77.41.
The board of directors of Eastman Chemical Company (EMN) has declared a quarterly cash dividend of $0.40 per share on the company`s common stock.
The dividend is payable Oct. 1, 2015, to stockholders of record as of Sept. 14, 2015.
Eastman Chemical Company, a specialty chemical company, manufactures and sells materials, chemicals, and fibers in the United States and internationally. The company’s Additives & Functional Products segment offers solvents, such as specialty coalescents and ketones and esters, glycol ethers, and alcohol solvents; cellulose and polyester-based specialty polymers, and paint additives; insoluble sulfur products; antidegradants; hydrocarbon resins; specialty intermediates, performance products, and formic acid; and alkylamine derivatives.
Shares of DHT Holdings Inc (NYSE:DHT), declined -3.46% to $7.25, during its current trading session.
DHT Holdings, Inc. (DHT) declared second quarter 2015 results
Highlights of the quarter:
- EBITDA for the quarter of $49.5 million. Net income for the quarter of $22.2 million ($0.24 per basic share).
- The Company’s VLCCs operating in the spot market achieved time charter equivalent earnings of $52,300 per day in the second quarter of 2015.
- On July 22, 2015 the Company declared a new policy regarding dividend and capital allocation. As a result of the current tanker market, DHT intends to return at least 60% of its ordinary net income (adjusted for extraordinary items) to shareholders. Further, DHT intends to use a noteworthyamount of surplus cash flow after returning such capital to shareholders to delever its balance sheet.
- In accordance with the new dividend policy the Company will pay a dividend of $0.15 per common share for the quarter payable on August 20, 2015 for shareholders of record as of August 12, 2015.
DHT Holdings, Inc. operates crude oil tankers in Bermuda. As of March 10, 2015, its fleet comprised of 18 crude oil tankers, counting 14 very large crude carriers, 2 Suezmax tankers, and 2 Aframax tankers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.
Axovant Sciences Ltd (NYSE:AXON), during its Wednesday’s current trading session gained 6.75% to $12.26.
Axovant Sciences Ltd. ( AXON), a leading clinical-stage biopharmaceutical company focused on the treatment of dementia, reports financial results for the first fiscal quarter ended June 30, 2015.
Cash totaled $331.1 million at June 30, 2015, and net cash used in operating activities was $4.5 million for the quarter. The gross proceeds of Axovant’s initial public offering (IPO) on the New York Stock Exchange (NYSE) in June 2015 were $362.3 million, preceding to underwriting discounts and commissions and offering expenses of $27.7 million.
For the first fiscal quarter ended June 30, 2015, research and development expenses for the period were $10.6 million, of which $8.0 million was attributable to non-cash, share-based compensation expense. General and administrative expenses for the period were $17.4 million, of which $14.3 million was attributable to non-cash, share-based compensation expense. Net loss for the quarter was $28.1 million, or $(0.35) per share.
Axovant Sciences Ltd., a clinical-stage biopharmaceutical company, focuses on the acquisition, development, and commercialization of therapeutics for the treatment of neurodegenerative disorders. It develops RVT-101, a product candidate that plans to commence a Phase III pivotal program for the treatment of Alzheimer’s disease and other forms of dementia.
Finally, Apartment Investment and Administration Co (NYSE:AIV), gained 0.15%, to $39.69.
Apartment Investment and Administration Company (AIV) declared second quarter 2015 results and raised full year 2015 earnings guidance.
Pro forma FFO (per diluted common share) - Year-over-year, second quarter Pro forma FFO raised 8% as a result of: strong Property Net Operating Income growth; raised contribution from redevelopment and acquisition communities; lower interest expense due to lower debt balances; higher income tax benefit due to recognition of historic tax credits related to Aimco’s Park Towne Place redevelopment; and higher non-recurring income. These enhances were partially offset by the loss of income from apartment communities that were sold and higher preferred stock dividends attributable to Aimco’s second quarter 2014 offering of its Class A Preferred Stock.
Adjusted Funds from Operations (per diluted common share) - Year-over-year, second quarter AFFO raised 5% as a result of higher Pro forma FFO, offset somewhat by the timing of Capital Replacement spending during 2015. As Aimco concentrates its investment capital in higher-quality, higher price point apartment communities, its free cash flow margin is increasing
Apartment Investment and Administration Company is a real estate investment trust. The firm engages in the acquisition, ownership, administration, and redevelopment of apartment properties. It invests in real estate markets of United States. The firm primarily invests in apartment properties.
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