On Friday, TCF Financial Corporation (NYSE:TCB)’s shares declined -1.02% to $15.61.
The Board of Directors of TCF Financial Corporation (TCB) declared quarterly cash dividends on TCF’s common shares, 7.50% Series A Non-Cumulative Perpetual Preferred Stock and 6.45% Series B Non-Cumulative Perpetual Preferred Stock.
A quarterly cash dividend of $0.05 per common share is payable on September 1, 2015 to stockholders of record at the close of business on August 14, 2015. At June 30, 2015, there were 169.1 million common shares outstanding listed on the New York Stock Exchange under the symbol TCB.
A quarterly cash dividend of $0.46875 per depositary share is payable on September 1, 2015 to holders of record of the depositary shares, representing a 1/1,000th interest in a share of the 7.50% Series A Non- Cumulative Perpetual Preferred Stock, at the close of business on August 14, 2015.
TCF Financial Corporation operates as the bank holding company for TCF National Bank that provides various retail and commercial banking products and services. The company’s Lending segment offers retail lending services, counting consumer loans for personal, family, and household purposes, such as home purchases, debt consolidation, and financing of home improvements.
Liberty All-Star Equity Fund (NYSE:USA)’s shares dropped -3.28% to $5.31.
The Board of Trustees of Liberty All-Star Equity Fund (USA) has declared a distribution of $0.14 per share payable on September 14, 2015 to shareholders of record on July 31, 2015 (ex-dividend date of July 29, 2015). This distribution is in accordance with the Fund’s current distribution policy of paying distributions on its shares totaling about 8 percent of its net asset value per year, payable in four quarterly installments of 2.0 percent. A portion of the distribution may be treated as paid from sources other than net income, counting but not limited to short-term capital gain, long-term capital gain and return of capital. The final determination of the source of all distributions in 2015 for tax reporting purposes, counting the percentage of qualified dividend income, will be made after year-end.
At the end of Friday’s trade, Paragon Offshore PLC (NYSE:PGN)‘s shares surged 10.21% to $0.697.
Paragon Offshore plc (PGN) stated second quarter 2015 net income of $47.3 million, or $0.51 per diluted share as contrast to second quarter 2014 net income of $95.0 million, or $1.12 per diluted share. Results for the quarter comprise a $4.1 million, or $0.04 per diluted share, loss on the sale of an asset and a $1.7 million, or $0.02 per diluted share, non-cash impairment charge related to assets which the company formerly declared it had decided to retire from service. Not taking into account the above charges, Paragon’s adjusted net income (see Reconciliation of GAAP to Non-GAAP Financial Measures Table for a reconciliation to net income) was $53.1 million, or $0.57 per diluted share.
Paragon Offshore plc, together with its auxiliaries, provides offshore drilling rigs. The company is involved in contracting its rigs, related equipment, and work crews to conduct oil and gas drilling and workover operations for its exploration and production customers on a day rate basis. Its drilling fleet comprises of 34 jackups and 6 floaters, counting 4 drillships and 2 semisubmersibles.
Akorn, Inc. (NASDAQ:AKRX), ended its Friday’s trading session with -3.03% loss, and closed at $40.26.
Akorn, Inc. (AKRX) declared that, as predictable, it has received a notice from the NASDAQ Staff stating that the Company is not in compliance with NASDAQ Listing Rule 5250(c)(1) because the company has not yet filed its Form 10-Q for the quarter ended June 30, 2015, which was due on August 10, 2015.
On April 24, 2015, Akorn declared that it will restate its formerly issued financial statements for the annual period ended December 31, 2014 and the quarterly periods ended June 30, 2014, September 30, 2014 and December 31, 2014 due to errors identified during the first quarter 2015 financial review process. The errors will be corrected through amendments to the Forms 10-Q for the fiscal quarters ended June 30, 2014 and September 30, 2014 and the Form 10-K for the year ended December 31, 2014. The amended forms will be filed preceding to the filing of Akorn’s Forms 10-Q for the fiscal quarters ended March 31, 2015 and June 30, 2015.
Akorn, Inc. develops, manufactures, and markets generic and branded prescription pharmaceuticals, in addition to animal and over-the-counter (OTC) consumer health products in the United States and internationally. It operates through two segments, Prescription Pharmaceuticals and Consumer Health. The Prescription Pharmaceuticals segment markets generic and branded ophthalmics, injectables, oral liquids, otics, topical, inhalants, and nasal sprays.
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