Latest news with #financialnews
Zawya
9 hours ago
- Business
- Zawya
Seera's board proposes capital cut to $720mln
Riyadh - The board of directors of Seera Group Holding has recommended an 8.65% capital cut to SAR 2.74 billion from SAR 3 billion, according to a bourse disclosure. The capital reduction will be executed through the cancellation of 25.95 million ordinary treasury shares, including 2.03 million shares allocated to the company's employee share program. Subject to the approvals of the Capital Market Authority (CMA) and the extraordinary general meeting (EGM), the transaction will be implemented at a cancellation rate of 8.65 per 100 shares of the company. It is worth highlighting that the capital reduction has no material impact on Seera's financial position, operations, or regulatory obligations. As of 31 March 2025, the net profits of Seera hit SAR 53 million, marking an annual drop of 13.11% from SAR 61 million.
Yahoo
18 hours ago
- Business
- Yahoo
Owens Corning Declares Second-Quarter 2025 Dividend
TOLEDO, Ohio, June 19, 2025--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.69 per common share. The dividend will be payable on August 7, 2025, to shareholders of record as of July 21, 2025. Future dividend declarations will be made at the discretion of the Board of Directors and will be based on the company's earnings, financial condition, cash requirements, future prospects, and other factors. About Owens Corning Owens Corning is a building products leader committed to building a sustainable future through material innovation. Our products provide durable, sustainable, energy-efficient solutions that leverage our unique capabilities and market-leading positions to help our customers win and grow. We are global in scope, human in scale with more than 25,000 employees in 31 countries dedicated to generating value for our customers and shareholders and making a difference in the communities where we work and live. Founded in 1938 and based in Toledo, Ohio, USA, Owens Corning posted 2024 sales of $11.0 billion. For more information, visit Owens Corning Company News / Owens Corning Investor Relations News View source version on Contacts Media Relations: Megan James419.348.0768 Investor Relations: Amber Wohlfarth419.248.5639 Sign in to access your portfolio
Yahoo
20 hours ago
- Business
- Yahoo
NorthEast Community Bancorp, Inc. Announces Quarterly Cash Dividend
WHITE PLAINS, N.Y., June 19, 2025 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (the 'Company') (Nasdaq: NECB) announced today that its Board of Directors has declared a quarterly cash dividend of $0.20 per common share. The dividend will be paid on or about August 6, 2025 to shareholders of record as of the close of business on July 7, 2025. About NorthEast Community Bancorp, Inc. NorthEast Community Bancorp, headquartered at 325 Hamilton Avenue, White Plains, New York 10601, is the holding company for NorthEast Community Bank, which conducts business through its eleven branch offices located in Bronx, New York, Orange, Rockland, and Sullivan Counties in New York and Essex, Middlesex, and Norfolk Counties in Massachusetts and three loan production offices located in New City, New York, White Plains, New York, and Danvers, Massachusetts. For more information about NorthEast Community Bancorp and NorthEast Community Bank, please visit Cautionary Note About Forward-Looking Statements This press release contains certain forward-looking statements. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as 'believe,' 'expect,' 'anticipate,' 'estimate,' and 'intend' or future or conditional verbs such as 'will,' 'would,' 'should,' 'could,' or 'may.' These statements are based upon the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause actual results to differ materially from expected results include, but are not limited to, changes in market interest rates, regional and national economic conditions (including higher inflation and its impact on regional and national economic conditions), legislative and regulatory changes, monetary and fiscal policies of the United States government, including policies of the United States Treasury and the Federal Reserve Board, the quality and composition of the loan or investment portfolios, demand for loan products, decreases in deposit levels necessitating increased borrowing to fund loans and securities, competition, demand for financial services in NorthEast Community Bank's market area, changes in the real estate market values in NorthEast Community Bank's market area, the impact of failures or disruptions in or breaches of the Company's operational or security systems, data or infrastructure, or those of third parties, including as a result of cyberattacks or campaigns, and changes in relevant accounting principles and guidelines. Additionally, other risks and uncertainties may be described in our annual and quarterly reports filed with the U.S. Securities and Exchange Commission (the 'SEC'), which are available through the SEC's website located at These risks and uncertainties should be considered in evaluating any forward-looking statements and undue reliance should not be placed on such statements. Except as required by applicable law or regulation, the Company does not undertake, and specifically disclaims any obligation, to release publicly the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of the statements or to reflect the occurrence of anticipated or unanticipated events. CONTACT: Kenneth A. Martinek Chairman and Chief Executive Officer PHONE: (914) 684-2500
Yahoo
a day ago
- Business
- Yahoo
NextEra Energy price target lowered to $94 from $95 at Morgan Stanley
Morgan Stanley lowered the firm's price target on NextEra Energy (NEE) to $94 from $95 and keeps an Overweight rating on the shares. The firm is updating its price targets for stocks in the Regulated & Diversified Utilities / IPPs North America sector, noting utilities underperformed the S&P in May, the analyst tells investors. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on NEE: Disclaimer & DisclosureReport an Issue Sunrun to trade toward 'bear case' if SenFin language holds, says Morgan Stanley NextEra Energy Sells Debentures to Strengthen Capital CVX, BP, SHEL: Global Energy Investments to Hit Record $3.3 Trillion in 2025 Trump Trade: U.S. President says China getting 10% tariffs in 'done' deal Trump set to scrap Biden-era power-plant pollution curbs, Bloomberg says
Yahoo
a day ago
- Business
- Yahoo
FirstEnergy price target lowered to $47 from $48 at Morgan Stanley
Morgan Stanley lowered the firm's price target on FirstEnergy (FE) to $47 from $48 and keeps an Overweight rating on the shares. The firm is updating its price targets for stocks in the Regulated & Diversified Utilities / IPPs North America sector, noting utilities underperformed the S&P in May, the analyst tells investors. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on FE: Disclaimer & DisclosureReport an Issue FirstEnergy Completes $2.5 Billion Convertible Note Offering FirstEnergy Announces $2.15 Billion Notes Offering FirstEnergy Announces Convertible Senior Notes Offering FirstEnergy price target raised to $48 from $47 at Morgan Stanley FirstEnergy Confirms Board and Auditor at Annual Meeting Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
