Las Vegas, NV – March 08, 2014 — (Tech Sonian) – Lorillard Inc. (LO) released that its Board of Directors accepted a 12% increase in the quarterly dividend on its common stock from $0.55 per share to $0.615 per share. The dividend is payable on March 10, 2014 to stockholders of record as of February 28, 2014.
Lorillard Inc. (NYSE:LO) managed to keep its gain at +1.15% on below-normal volume of 4.16 million shares. The stock settled at $52.99 after floating in a range of $52.48 to $53.06. After recent close, it has reached market capitalization of $19.34 billion. Its 52-week range has been $37.95 to $56.85.
What was the Moving Force behind LO On Bullish Run? Read This Research Report on LO
PepsiCo, Inc. (PEP) declared its return to the South by Southwest (SXSW) Music Conference and Festival in Austin, Texas, with its boldest headlining act to date: Lady Gaga. With an elite performance celebrating the multi-platinum-selling artist’s latest album ARTPOP – which debuted at No.1 on the Billboard 200 – and her Born This Way Foundation, Lady Gaga will headline the Doritos #BoldStage on Thursday, March 13.
PepsiCo, Inc. (NYSE:PEP) traded up on a volume of 4.03 million, lower than its standard daily volume. Shares have gained +0.28% to $81.56. Over the last twelve months, the stock has added 7.41% and faced a best price of $87.06.
For How Long PEP will Fight for Profitability? Read This Trend Analysis report
Mattel, Inc. (MAT) and MEGA Brands Inc. (TSX: MB, MB.WT, MB.NT) declared a definitive contract for Mattel’s acquisition, through a wholly-owned subsidiary of Mattel, Inc., of MEGA Brands for US$460 million.
Mattel, Inc. (NASDAQ:MAT) settled -0.50% lower at $37.78 on below-normal volume of 3.90 million shares during the last trading day. The stock has its 12-month high at $48.48 and 52-week low price was $34.98. It traded in a range of $37.53 to $38.34 during the last trading day.
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VF Corp (VFC) reported financial outcome for its fourth quarter and full year finished December 28, 2013. All per share amounts are presented on a diluted basis. “Adjusted amounts” refer to non-GAAP measures that exclude expenses related to the acquisition of the Timberland® and Smartwool® brands (“Timberland”) and the gain on the sale of John Varvatos Enterprises, Inc. (“John Varvatos”) as described in the “Adjusted Amounts” paragraph at the end of this release.
VF Corp (NYSE:VFC) saw its price gain on above-normal volume, as 3.81 million shares changed hands when compared with its average daily volume of 2.73 million shares. The stock was up +2.28% to $61.38. It has gained over the last 12 months, increasing 52.8%.
Why Should Investors Buy VFC After The Recent Gain? Just Go Here and Find Out