During Friday’s current trade, Ford Motor Co. (NYSE:F)’s shares gained 0.22%, and is now trading at $15.99, after the Board of Directors of Ford Motor Company declared a second quarter dividend of $0.15 per share on the company’s outstanding Class B and ordinary stock.
This is the same level of dividend paid in the first quarter of 2015, and is a 20 percent raise from quarterly dividends paid in 2014.
The second quarter dividend is payable on June 1, 2015 to shareholders of record at the close of business on May 1, 2015.
Ford Motor Company manufactures and distributes automobiles worldwide. The company operates through two sectors, Automotive and Financial Services. The Automotive sector develops, manufactures, distributes, and services vehicles, parts, and accessories.
During an early morning trade, General Motors Company (NYSE:GM)’s shares climbed 0.61%, and is now trading at $36.51, as General Motors has named Dhivya Suryadevara GM vice president, Finance and Treasurer, effective July 1, replacing Niharika Taskar Ramdev, who has been named chief financial officer for GM International. Suryadevara will retain her current responsibilities as CEO and chief investment officer of GM Asset Administration.
Suryadevara will direct GM’s global treasury operations, counting capital planning, capital market activities, worldwide banking and take part in business development, risk administration and investor relations. Taskar Ramdev will lead the finance team for GM International, GM’s operating segment which generates $14 billion in proceed and comprises nearly 100 markets outside of China, counting India, Africa and the Middle East.
Suryadevara was named chief investment officer of GM Asset Administration in July 2013, with responsibility for about $80 billion in assets across GM defined benefit plans. She was formerly managing director of investment strategy and fixed revenue for GM Asset Administration, where she was responsible for investment strategy and asset allocation for GM’s pension plans. She also led the plan’s fixed revenue and de-risking efforts counting in-plan initiatives and lump sum and annuitization transactions. Suryadevara began her GM career in 2004 in treasury.
Taskar Ramdev was named vice president, Finance and Treasurer in April 2014, and was formerly chief financial officer for GM’s Global Purchasing and Supply Chain operation, a position she held since August 2011. She has held several leadership roles in GM, counting assistant treasurer for GM and regional treasurer for GM International Operations. Taskar Ramdev joined GM in 1996.
General Motors Company designs, builds, and sells cars, crossovers, trucks, and automobile parts worldwide. It operates through GM North America, GM Europe, GM International Operations, GM South America, and GM Financial segments.
Cisco Systems, Inc. (NASDAQ:CSCO), during its Friday’s current trading session gained 0.56%, and is now trading at $27.78, as Cisco showcases New Generation of virtualized video solutions at NAB 2015.
Yvette Kanouff, senior vice president and general manager, Cisco Service Provider Video Software and Solutions quoted:
“We feel strongly that all-IP, fully virtualized, secure and open solutions are the future of video processing, and we are investing to make these realities. At last year’s NAB, Cisco showcased its revolutionary Virtualized Video Processing (V2P) platform, designed to make it easier for media and entertainment companies to create new video workflows with software, on demand. Reacting to our customers’ top concerns this year, we are integrating end-to-end security into our architecture, expanding it with a wealth of new virtualized functions, integrating it with the Intercloud and proving the value of our open orchestration framework by integrating third-party applications from some real industry powerhouses.”
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking products and services related to the communications and information technology industry worldwide.
Finally, Citrix Systems, Inc. (NASDAQ:CTXS), lost -3.05% Friday, as Citrix declared preliminary results for the first quarter of fiscal year 2015 ended March 31, 2015.
Proceed for the quarter is predictable to be in the range of $755 million to $760 million, below the company’s guidance of $780 million to $790 million. Net revenue for the first quarter of fiscal year 2015 per diluted share is predictable to be in the range of $0.15 to $0.17 contrast to guidance of $0.20 to $0.22 per diluted share. Non-GAAP net revenue for the first quarter of fiscal year 2015 per diluted share is predictable to be in the range of $0.63 to $0.65, contrast to guidance of $0.70 to $0.72 per diluted share. Non-GAAP net revenue per diluted share excludes the effects of amortization of attained intangible assets, stock-based compensation expenses, charges related to amortization of debt discount and restructuring programs in addition to a benefit from a formerly revealed patent lawsuit, and the tax effects related to these items.
These preliminary, unaudited results are based on administration’s initial review of operations for the quarter ended March 31, 2015, and remains subject to change based on administration’s ongoing review of the first quarter results.
Citrix will report final results for the first quarter of fiscal year 2015 in its regularly planned earnings release and conference call on Wednesday, April 22, 2015 after market close. A news release will be issued at about 4:05 p.m. ET and the conference call will start at 4:45 p.m. ET to talk about financial results, quarterly highlights and business outlook.
Citrix Systems, Inc. provides virtualization, mobility administration, networking, and Software as a Service solutions worldwide. The company’s Enterprise and Service Provider division offers XenMobile Enterprise, a solution to manage mobile devices, apps, and data; XenDesktop, a desktop virtualization system that gives customers the flexibility to deliver desktops and applications as cloud services; Citrix XenApp that allows Windows applications to be delivered as cloud services to Android and iOS mobile devices, Macs, PCs, and thin clients; and Citrix Workspace Suite, a business mobility solution that delivers the user experience for any app or desktop.
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