Versatile News at Street: Regions Financial (NYSE:RF), The Travelers Companies (NYSE:TRV), ONEOK (NYSE:OKE)
Regions Financial Corporation (NYSE:RF) has 1205.26 million outstanding shares and its share price finished at $13.64 by moving up 2.10% in last traded session. The Regions Financial Corporation (RF) BOD declared the following cash dividends on its common shares, Series A preferred shares, and Series B preferred shares: A quarterly cash dividend of $0.07 per common share, an increase of 7.7 percent or $0.005, payable on June 30, 2017, to stockholders of record at the close of business on June 9, 2017. The dividend is being paid pursuant to Regions’ 2016 capital plan that was not objected to by the Federal Reserve.
A quarterly cash dividend of $15.9375 per share (equivalent to approximately $0.398438 per depositary share) on the 6.375% Non-Cumulative Perpetual Preferred Stock, Series A, payable on June 15, 2017, to stockholders of record at the close of business on June 1, 2017. A quarterly cash dividend of $15.9375 per share (equivalent to approximately $0.398438 per depositary share) on the 6.375% Non-Cumulative Perpetual Preferred Stock, Series B, payable on June 15, 2017, to stockholders of record at the close of business on June 1, 2017.
As the returns are concern, return on equity was recorded 6.70% and firm surged its return on investment of 13.50% while its return on asset stayed at 0.90%. How Outside Factors Effects on Stocks Performance? Find Facts Here
The Travelers Companies, Inc. (NYSE:TRV) finished at $118.88 with shares dropped -1.26%. The Travelers Companies, Inc. (TRV) reported that its net income of $617 million, or $2.17 per diluted share, for the quarter ended March 31, 2017, compared to $691 million, or $2.30 per diluted share, in the prior year quarter.
Core income in the current quarter was $614 million, or $2.16 per diluted share, compared to $698 million, or $2.33 per diluted share, in the prior year quarter. Net and core income in both the current and prior year quarters were impacted by important catastrophe losses of $226 million after-tax ($347 million pre-tax) and $207 million after-tax ($318 million pre-tax), respectively.
The decreases from the prior year quarter were primarily driven by lower net favorable prior year reserve development that included a $51 million after-tax ($62 million pre-tax) impact from the UK Ministry of Justice’s recent “Ogden” discount rate adjustment, a lower underlying underwriting gain (i.e., excluding net favorable prior year reserve development and catastrophe losses) and higher catastrophe losses, partially offset by higher net investment income. The current quarter benefited from a $39 million resolution of prior year income tax matters, while the prior year quarter benefited modestly from the favorable settlement of a claims-related legal matter. Per diluted share amounts benefited from the impact of share repurchases. A look on the firm performance, its weekly performance was -2.12%, monthly performance was -2.31%. The stock price is moving down from its 20 days moving average with -1.71% and isolated negatively from 50 days moving average with -1.89%. Why Investors Right to Know NYSE:TRV Performance? Find Out Here
ONEOK, Inc. (NYSE:OKE) shares price slashed -0.24% to close at $53.79. The board of directors of ONEOK, Inc. (OKE) declared that a quarterly dividend of 61.5 cents per share, resulting in an annualized dividend of $2.46 per share. The dividend is payable May 15, 2017, to shareholders of record at the close of business May 1, 2017.
On Feb. 1, 2017, ONEOK and ONEOK Partners (OKS) reported an contract under which ONEOK will acquire all of the outstanding common units of ONEOK Partners it does not already own. Completion of the transaction is expected to occur in the second quarter of 2017.
ONEOK anticipates increasing its first quarterly dividend following the close of the transaction to 74.5 cents per share, or $2.98 on an annualized basis, a 21 percent increase compared with the first-quarter 2017 dividend. Following the initial increase, subsequent annual dividend increases of approximately 9 to 11 percent are expected through 2021. Its return of equity was recorded 151.80% and its return on investment was calculated 11.10%. Its 50-Day moving average was -1.24% and 200-Day moving average was 5.27%. How NYSE:OKE Become Volatile Stock? Read Full Report Here