On Tuesday, Shares of Viacom, Inc. (NASDAQ:VIAB), gained 0.59% to $40.98.
Viacom Inc., declared that on Tuesday, February 9, 2016, it will issue financial results for the quarter ending December 31, 2015. The Company will conduct a conference call at 8:30 a.m. (ET), following the release of its earnings declaration.
Viacom, Inc. operates as an entertainment content company in the United States and internationally. The company creates television programs, motion pictures, short-form content, applications, games, consumer products, social media, and other entertainment content. It operates through two segments, Media Networks and Filmed Entertainment.
Shares of The Western Union Company (NYSE:WU), inclined 0.53% to $18.08, during its last trading session.
The Western Union Company, declared the launch of new transactional websites in Bulgaria, Croatia, Romania and Slovenia. With these new introductions, Western Union now has online transactional services in 33 countries, enabling consumers to send money to more than 200 countries and territories.
“Western Union continues to expand its online transactional network worldwide,” said Khalid Fellahi, senior vice president and general manager, Western Union. “From this foundation, we believe we are very competitive, offering a strong value proposition and a global scale.”
The Western Union Company provides money movement and payment services worldwide. The company operates in three segments: Consumer-to-Consumer, Consumer-to-Business, and Business Solutions. The Consumer-to-Consumer segment offers cash money transfer services involving walk-in agent locations. This segment provides various options for sending and receiving funds, counting walk-in and telephone money transfer, online money transfer, and account based money transfer services through a network of third-party agents using multi-currency and real-time money transfer processing systems.
Finally, Teekay Tankers Ltd. (NYSE:TNK), ended its last trade with -5.22% loss, and closed at $7.27.
Teekay Tankers Ltd., declared that its Board of Directors has approved a new dividend policy, effective right away, under which the Company intends to pay out 30 to 50 percent of its quarterly adjusted net income(1), with a minimum quarterly dividend of $0.03 per share, subject to any reserves determined to be required by the Company’s Board of Directors. The new dividend policy will provide investors the opportunity to more directly take part in the earnings from the tanker market while also enable the Company to further strengthen its balance sheet.
Based on the Company’s estimated results for the fourth quarter of 2015, the Company’s Board of Directors has declared a fourth quarter cash dividend of $0.12 per share, representing a 400 percent improvement from the previous fixed dividend of $0.03 per share. The cash dividend is payable on February 12, 2016 to all shareholders of record as at February 2, 2016.
Teekay Tankers also declared recently that it has secured a new $900 million long-term debt facility that will mature in January 2021. The new facility will be used to refinance 36 of the Company’s existing vessels, counting the recently-attained vessels that are secured by the Company’s two bridge loan facilities which mature in early-2016, and the Company’s main corporate revolving credit facility that matures in 2017. The new facility comprises both a term loan and a revolving credit facility component, which will stretch out the Company’s debt maturity profile in addition to provide financial flexibility. The facility, which was led by Nordea and ABN AMRO, is predictable to be accomplished in January 2016 subject to final documentation.
Teekay Tankers Ltd. is engaged in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers worldwide. As of August 18, 2015, it owned a fleet of 44 double-hull tankers, counting 22 Suezmax tankers, 12 Aframax tankers, 7 LR2 product tankers, and 3 Medium-Range (MR) product tankers, in addition to 11 time charter-in tankers.
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