Workflow
Cash Dividend
icon
Search documents
Kamada Updates on Withholding Tax Procedures on Previously Announced Cash Dividend to Shareholders
Globenewswire· 2026-03-31 11:00
Core Viewpoint - Kamada Ltd. has received a tax ruling from the Israel Tax Authority regarding a cash dividend of $0.25 per share, totaling approximately $14.4 million, which is set to be paid on April 7, 2026, to shareholders of record as of March 23, 2026 [1] Tax Ruling and Dividend Details - The tax ruling allows eligible Nasdaq shareholders from countries with a tax treaty with Israel to benefit from a reduced withholding tax rate on the dividend [2] - Israeli corporate shareholders may qualify for an exemption from Israeli withholding tax under the ruling [2][6] Withholding Tax Procedures - The current Israeli withholding tax rate is 30% for substantial shareholders and 25% for other shareholders [5] - On the payment date, 25% of the dividend will be withheld and remitted to the tax agent, with the remaining 75% distributed to shareholders [6] - Nasdaq shareholders must submit required documentation to the tax agent by May 9, 2026, to claim the reduced withholding tax rate [6][9] Documentation Requirements - Required documentation includes bank account details, identification, proof of residency, and declarations regarding share ownership and tax residency [6][7] - Non-Israeli corporate shareholders must provide additional documentation regarding their shareholders or partners [7][13] Company Overview - Kamada Ltd. is a global biopharmaceutical company focused on rare and serious conditions, with a portfolio of FDA-approved specialty plasma-derived products [11] - The company aims for growth through organic expansion, distribution partnerships, plasma collection operations, and potential mergers and acquisitions [11]
Tuniu Announces Plan to Implement ADS Ratio Change and Declares Cash Dividend
Prnewswire· 2026-03-20 10:00
Core Viewpoint - Tuniu Corporation plans to change the ratio of its American depositary shares (ADSs) from one ADS representing three Class A ordinary shares to one ADS representing thirty Class A ordinary shares, effective around April 22, 2026, and has declared a cash dividend of approximately US$13 million [1][2][6]. ADS Ratio Change - The ADS Ratio Change will effectively act as a one-for-ten reverse ADS split for existing ADS holders [2]. - Upon the Effective Date, ADS holders will exchange every ten existing ADSs for one new ADS, with JPMorgan Chase Bank, N.A. managing the exchange [3]. - No fractional new ADSs will be issued; instead, fractional entitlements will be aggregated and sold, with net cash proceeds distributed to ADS holders [4]. - The trading price of the Company's ADSs is expected to increase proportionately after the ADS Ratio Change, although no assurance can be given regarding the exact price increase [5]. Cash Dividend Declaration - The board of directors has approved a cash dividend of approximately US$13 million, payable to holders of ordinary shares and ADSs of record as of May 4, 2026 [6]. - The dividend for ordinary shares will be US$0.0399 per share, with payments expected around May 14, 2026, while the per ADS dividend will be disclosed after the ADS Ratio Change [6].
Subsea7 - key information relating to the proposed cash dividend to be paid by Subsea 7 S.A.
Globenewswire· 2026-02-26 07:16
Core Viewpoint - Subsea 7 S.A. announced a proposed total cash dividend of NOK 13.00 per share, amounting to approximately $400 million, to be distributed in May 2026 [1]. Dividend Details - The proposed dividend consists of an annual dividend of approximately $350 million to be recommended at the annual general meeting (AGM) on 12 May 2026 and an interim dividend of approximately $50 million approved by the Board [1][5]. - Key dates include the last day including right on 19 May 2026 for common shareholders and 20 May 2026 for ADR holders, with the ex-date on 20 May 2026 for common shareholders and 21 May 2026 for ADR holders [5]. - The record date is set for 21 May 2026, and the payment date is scheduled for 28 May 2026 [5].
Universal Insurance Holdings(UVE) - 2025 Q4 - Earnings Call Transcript
2026-02-25 16:02
Financial Data and Key Metrics Changes - Adjusted diluted earnings per common share increased to $2.17 from $0.25 in the prior year quarter, primarily due to a lower net loss ratio and higher net premiums earned and net investment income [4] - Core revenue reached $403.6 million, up 4.4% year-over-year, driven by higher net premiums earned and net investment income [4] - Direct premiums written were $483.7 million, reflecting a 2.7% increase from the prior year quarter, with an 18.2% growth in other states, partially offset by a 3.1% decrease in Florida [4] Business Line Data and Key Metrics Changes - Direct premiums earned amounted to $538 million, up 3.6% year-over-year, indicating growth in direct premiums written over the past 12 months [5] - Net premiums earned were $363.4 million, up 4.3% from the prior year quarter, attributed to higher direct premiums earned and a lower ceded premium ratio [5] - The net combined ratio improved to 87.5%, down 20.4 points compared to the prior year quarter, due to a lower net loss ratio [5] Market Data and Key Metrics Changes - The net loss ratio decreased to 61.3%, down 21 points from the prior year quarter, reflecting better current accident year results [5] - The net expense ratio increased to 26.2%, up 0.6 points from 25.6% in the prior year quarter, driven by higher other operating costs [6] Company Strategy and Development Direction - The company is negotiating its 2026 reinsurance program, with a substantial portion of its first event catastrophe tower already placed [3] - The company is optimistic about the competitive environment, citing favorable relationships with agency forces and positive market trends [9] - The company plans to continue analyzing markets for profitability, with a focus on Florida, where positive developments have been observed [9][11] Management's Comments on Operating Environment and Future Outlook - Management highlighted the benefits of Florida's legislative reforms, which have stabilized the market and benefited all stakeholders [3] - The company anticipates modest declines in rates but emphasizes that a decrease in rates does not necessarily lead to a decrease in earnings [10] - Management expressed confidence in the current operating environment, noting improved retention rates and the potential for reduced reinsurance costs [11] Other Important Information - The company repurchased approximately 210,000 shares at a cost of $6.9 million during the fourth quarter [6] - A new share repurchase program was announced, allowing for the repurchase of up to $20 million of outstanding shares through January 2028 [6] - A quarterly cash dividend of $0.16 per common share was declared, payable on March 13, 2026 [7] Q&A Session Summary Question: Competitive environment and price declines - Management views the competitive environment as favorable, with positive market trends and strong agency relationships [9] Question: Regulatory environment and affordability issues - Management credited Florida's legislative actions for the current favorable position of the industry and indicated ongoing actuarial studies for rate adjustments [10][11]
Universal Insurance Holdings(UVE) - 2025 Q4 - Earnings Call Transcript
2026-02-25 16:02
Financial Data and Key Metrics Changes - Adjusted diluted earnings per common share increased to $2.17 from $0.25 in the prior year quarter, primarily due to a lower net loss ratio and higher net premiums earned and net investment income [4] - Core revenue reached $403.6 million, up 4.4% year-over-year, driven by higher net premiums earned and net investment income [4] - Direct premiums written were $483.7 million, reflecting a 2.7% increase from the prior year quarter, with an 18.2% growth in other states, partially offset by a 3.1% decrease in Florida [4] Business Line Data and Key Metrics Changes - Direct premiums earned totaled $538 million, up 3.6% year-over-year, indicating growth in direct premiums written over the past 12 months [5] - Net premiums earned were $363.4 million, up 4.3% from the prior year quarter, attributed to higher direct premiums earned and a lower ceded premium ratio [5] - The net combined ratio improved to 87.5%, down 20.4 points compared to the prior year quarter, due to a lower net loss ratio [5] Market Data and Key Metrics Changes - The net loss ratio decreased to 61.3%, down 21 points from the prior year quarter, reflecting better current accident year results [5] - The net expense ratio increased to 26.2%, up 0.6 points from 25.6% in the prior year quarter, driven by higher other operating costs [6] Company Strategy and Development Direction - The company is negotiating its 2026 reinsurance program, with a substantial portion of its first event catastrophe tower already placed [3] - The company is optimistic about the competitive environment, citing favorable relationships with agency forces and positive market trends [9] - The company plans to continue analyzing markets for profitability, with a focus on Florida, where positive developments have been observed [9][11] Management's Comments on Operating Environment and Future Outlook - Management highlighted the benefits of Florida's legislative reforms, which have stabilized the market and benefited all stakeholders [3] - The company anticipates that favorable legislation and reduced severity and frequency of claims will continue to create a positive environment [10][11] - Management expressed confidence in the company's capital position and reserves, stating they are the strongest in the company's history [3] Other Important Information - The company repurchased approximately 210,000 shares at a cost of $6.9 million during the fourth quarter [6] - A new share repurchase program was announced, allowing for the repurchase of up to $20 million of outstanding shares through January 2028 [6] - A quarterly cash dividend of $0.16 per common share was declared, payable on March 13, 2026 [7] Q&A Session Summary Question: Competitive environment and price declines - Management views the competitive environment as favorable, with positive market trends and increased business across opened markets [9] Question: Regulatory environment and affordability issues - Management credited Florida's legislative actions for the current favorable position of the industry and indicated that a decrease in rates does not necessarily lead to decreased earnings [10][11]
Pinnacle Bankshares Corporation Announces Quarterly Cash Dividend of 28 Cents per Share & Approval of Stock Repurchase Plan
Globenewswire· 2026-02-13 19:00
Core Viewpoint - Pinnacle Bankshares Corporation announced a cash dividend of $0.28 per share and a stock repurchase plan of up to $3.5 million, reflecting its commitment to enhancing shareholder returns [1][2][3]. Dividend Announcement - The cash dividend of $0.28 per share is consistent with the previous quarter's dividend and marks the fifty-fourth consecutive quarter of declared dividends [2]. Stock Repurchase Plan - The Board approved a Stock Repurchase Plan allowing the repurchase of up to $3,500,000 of the Company's outstanding common shares through December 31, 2026 [3]. - The repurchase may occur through various methods, including open market purchases and block trades, depending on market conditions and other factors [3]. - The plan can be suspended or modified at any time, and the Company is not obligated to repurchase any specific amount of its common stock [3]. Company Overview - Pinnacle Bankshares Corporation operates as a community banking organization in Central and Southern Virginia, serving multiple counties and cities with a total of nineteen branches [4]. - First National Bank, the subsidiary of Pinnacle, has been in operation for 118 years and continues to expand its services, including a new full-service branch opened in January 2026 [4].
The Andersons, Inc. Declares Cash Dividend for Second Quarter 2026
Prnewswire· 2026-02-12 21:05
Core Viewpoint - The Andersons, Inc. has declared a cash dividend of $0.20 per share for the second quarter of 2026, marking its 118th consecutive quarterly cash dividend since its Nasdaq listing in February 1996 [1]. Company Overview - The Andersons, Inc. operates as a North American agriculture and renewable fuels company, emphasizing extraordinary service to customers, employee development, community support, and increasing company value [1].
Hanmi Financial Increases Cash Dividend 4% to $0.28 per share and Expands Repurchase Authorization
Globenewswire· 2026-01-29 13:00
Core Viewpoint - Hanmi Financial Corporation has declared a cash dividend of $0.28 per share for the first quarter of 2026, representing a 4% increase from the previous quarter, and has expanded its share repurchase authorization to approximately 2.3 million shares, reflecting confidence in its financial strength and commitment to enhancing stockholder returns [1][2]. Dividend Announcement - The cash dividend of $0.28 per share will be paid on February 25, 2026, to stockholders of record as of February 9, 2026 [1]. - This dividend increase indicates the Board's confidence in the company's financial outlook [2]. Share Repurchase Program - The company has expanded its share repurchase authorization by 1.5 million shares, bringing the total repurchase capacity to approximately 2.3 million shares, which is about 7.8% of shares outstanding as of December 31, 2025 [2]. - The repurchase program allows for shares to be bought back in the open market or through private transactions, and management will decide on repurchases based on market conditions and other factors [3][4]. Company Overview - Hanmi Financial Corporation is headquartered in Los Angeles, California, and owns Hanmi Bank, which serves multi-ethnic communities through a network of 32 full-service branches and additional loan production offices across several states [5]. - The bank specializes in real estate, commercial, SBA, and trade finance lending to small and middle-market businesses [5].
Arthur J. Gallagher & Co. Increases Cash Dividend to $0.70 per Share
Prnewswire· 2026-01-28 21:15
Group 1 - Arthur J. Gallagher & Co. declared a quarterly cash dividend of $0.70 per share, which is a $0.05 increase from the previous quarter's dividend [1] - The dividend will be payable on March 20, 2026, to stockholders of record as of March 6, 2026 [1] Group 2 - Arthur J. Gallagher & Co. is a global insurance brokerage, risk management, and consulting services firm headquartered in Rolling Meadows, Illinois [2] - The company operates in approximately 130 countries worldwide through its owned operations and a network of correspondent brokers and consultants [2]
JE Cleantech Holdings Limited Announces Declaration of Cash Dividend
Globenewswire· 2026-01-05 13:00
Core Viewpoint - JE Cleantech Holdings Limited has announced a cash dividend of US$0.44 per ordinary share following the successful sale of its leasehold industrial property, resulting in a net gain of approximately US$2.85 million over the net book value [1]. Group 1: Company Announcement - The Board of Directors of JE Cleantech Holdings Limited approved a cash dividend of US$0.44 per ordinary share [1]. - The dividend is payable to shareholders of record at the close of business on January 21, 2026, with the expected payment date around January 28, 2026 [1]. - The recent sale of the leasehold industrial property located at 17 Woodlands Sector 1, Singapore, contributed to a net gain of approximately US$2.85 million [1]. Group 2: Company Overview - JE Cleantech Holdings Limited is based in Singapore and primarily engaged in the sale of cleaning systems and other equipment [2]. - The company also provides centralized dishwashing and ancillary services [2]. - For more information, the company can be contacted via their website or provided contact details [2].