Harvard Corporate Governance

MAY 5, 2023

Securities and Exchange Commission, on Friday, May 5, 2023 Editor's Note: Hester M. May 3, 2023 Thank you, Chair Gensler. To the contrary, they enable companies to return excess cash to shareholders with greater tax-efficiency than dividends. [2] Peirce is a Commissioner at the U.S. Securities and Exchange Commission.

Dividends 263

Dividends Firm Value Equity 263

Benzinga

APRIL 28, 2023

April 28, 2023 (GLOBE NEWSWIRE) -- Mid Penn Bancorp, Inc. NASDAQ: MPB ) ("Mid Penn"), the parent company of Mid Penn Bank (the "Bank") and MPB Financial Services, LLC, today reported net income available to common shareholders ("earnings") for the quarter ended March 31, 2023 of $11.2 HARRISBURG, Pa.,

Dividends 40

Dividends Banking Book Value Equity 40

Brian DeChesare

JANUARY 4, 2023

Just look at the handy chart the Financial Times put together to see the horrifically bad numbers: In January 2022, everything seemed quite frothy, with mega-deals happening left and right and crypto and equity prices still at high levels. Real Estate (Equity Funds + Owned Properties): 15% [Up 5%]. Short-Term U.S.

Marketability 91

Marketability Start-ups Treasury Dividends 91

Benzinga

NOVEMBER 9, 2023

CPI's Electron Device Business generated approximately $300 million in revenue for its fiscal year ended September 30, 2023. CPI's Electron Device Business manufactures electronic components and subsystems primarily serving the aerospace and defense market. "This business fits. Full story available on Benzinga.com

Dividends 52

Dividends Marketability Equity 52

Benzinga

MARCH 5, 2024

pence per share in cash along with a special dividend per share of 2.5 pence in place of a final dividend for the year ended December 31, 2023. As per the terms, Spirent shareholders will receive 172.5 Full story available on Benzinga.com

Dividends 59

Dividends Technology Equity 59

Benzinga

MAY 9, 2023

Nexstar Media Group, Inc (NASDAQ: NXST ) reported a Q1 2023 net revenue growth of 3.9% billion, beating the consensus of $1.24 Revenues from Television Advertising declined 6% Y/Y to $425 million, comprising Core Advertising revenue that fell 2.6% Y/Y to $417 million and a 66.7% Y/Y decline in Political Advertising revenue to $8 million.

Dividends 52

Dividends Equity Marketability 52

Musings on Markets

MARCH 8, 2023

This is the last of my data update posts for 2023, and in this one, I will focus on dividends and buybacks, perhaps the most most misunderstood and misplayed element of corporate finance. Viewed in that context, dividends as just as integral to a business, as the investing and financing decisions.

Dividends 91

Dividends Start-ups Finance Corporate Finance 91

Musings on Markets

MAY 7, 2023

The Intrinsic Value of Bank Equity I am a dabbler in all things valuation-related, and I find the process fascinating, as stories about businesses get translated into valuation inputs, and finally into value. All Equity, All the time! With most non-financial service businesses, you face a choice in how you approach valuation.

Banking 63

Banking Price to Book Dividends Book Value 63

Reynolds Holding

SEPTEMBER 10, 2023

Here, we discuss several ways in which the proposed guidelines could have particular significance for private-equity sponsored acquisitions. Any of the proposed guidelines could be relevant to a transaction involving private equity, depending on the facts of the particular deal. Serial Acquisitions.

Equity 40

Equity Private Equity Firm Dividends Marketability 40

Benzinga

FEBRUARY 29, 2024

Full Year 2023 Highlights 1 Revenues of $763.8 million one-time special dividend payment, $59.0 million acquisition of Infinite ID Fourth Quarter 2023 Highlights 1 Revenues of $202.6 Full Year 2023 Highlights 1 Revenues of $763.8 million one-time special dividend payment, $59.0 million Net Income of $37.3

EBITDA 40

EBITDA Dividends Technology Total Shareholder Return 40

Musings on Markets

DECEMBER 21, 2022

Starting in late January 2023, I will be back in the classroom, teaching valuation and corporate finance to the MBAs and valuation to the undergraduates, and these classes will continue through May 2023. The class starts with a question of what the end game should be for a business (profitability, value, social good?),

Corporate Finance 89

Corporate Finance Finance Start-ups Marketability 89

Brian DeChesare

JANUARY 3, 2024

The markets in 2023 were almost a complete reversal of 2022, and hardly anyone – me included – saw it coming. and far too little in equities. When the markets rallied after the initial COVID sell-off in March 2020, I put more cash into equities and real estate. But my real estate investment funds were down ~10% , which hurt.

Marketability 59

Marketability Start-ups Equity Dividends 59

Valutico

MARCH 20, 2023

HSBC Holdings plc Weekly Valuation – Valutico | 20 March 2023 Link to the valuation Context The past weeks, the financial market was rattled by the collapse of Silicon Valley Bank, the go-to bank for tech startups, serving half of America’s venture capital-backed tech firms. HSBC is also planning a special dividend of $0.21

Dividends 52

Dividends Banking Equity Market Capitalization 52

Benzinga

APRIL 19, 2023

Kuwaiti Dinar (approximately $6.53) per share, subject to a reduction by the amount of any dividends received by the KIPCO Sellers after January 1, 2023 (the " Transaction "). Following the closing of the Transaction, Fairfax's equity interest in GIG will increase from 43.69% to 90.01%.

Dividends 40

Dividends Equity 40

Valutico

MARCH 28, 2023

UBS Group AG Weekly Valuation – Valutico | 28 March 2023 Link to the valuation Context In recent days, the financial markets have experienced increased turmoil, causing growing concerns about financial stability. As of now, UBS is offering a dividend of USD 0.55 per common stock, with a dividend yield of 2.70%.

Banking 52

Banking Dividends Equity Marketability 52

Benzinga

APRIL 23, 2024

per share cash dividend declared _ (1) A reconciliation of GAAP net income to FFO is provided at the end of this press release. per diluted share, for the three months ended March 31, 2023. per diluted share for the first quarter of 2023. million for the first quarter of 2023. per share cash dividend.

Dividends 40

Dividends Intangible Assets EBITDA Start-ups 40

Benzinga

MARCH 28, 2024

("IFH") (OTCQX: IFHI ) today announced that they have entered into a definitive merger agreement under which CBNK will acquire IFH in a cash and stock transaction valued at $66 million, exclusive of the value of a dividend to be received by IFH shareholders at or immediately prior to closing. and Capital Bank. and Capital Bank.

Banking 40

Banking Dividends Book Value Equity 40

Harvard Corporate Governance

OCTOBER 7, 2022

How the SEC’s Executive Compensation Disclosure Rule Could Impact the 2023 Proxy Season. Tags: Dividends , Equity-based compensation , Extraordinary transactions , Mergers & acquisitions , Repurchases , SEC rulemaking , Stakeholders , Taxation. Stock Buyback Tax Raises Questions as to Application and Practical Effect.

Compliance 189

Compliance Dividends Banking Equity 189

Reynolds Holding

NOVEMBER 30, 2023

On November 21, 2023, the staff of the Securities and Exchange Commission’s (SEC’s) Division of Corporation Finance issued eight new Compliance & Disclosure Interpretations (C&DIs), and revised two previously issued C&DIs, relating to the final pay-versus-performance (PVP) disclosure rules adopted last year.

Compliance 40

Compliance Total Shareholder Return Dividends Market Capitalization 40

Benzinga

MAY 4, 2023

May 04, 2023 (GLOBE NEWSWIRE) -- Kimball International, Inc. NASDAQ: KBAL ) today announced results for the third quarter ended March 31, 2023. Selected Financial Highlights: Third Quarter FY 2023 Net sales of $166.1 Overview Third Quarter Fiscal 2023 Results Third quarter 2023 consolidated net sales were $166.1

EBITDA 40

EBITDA Marketability Dividends Equity 40

Farrel Fritz

JANUARY 22, 2024

Equity dilution is another common method by which those in control of a corporation or LLC attempt to squeeze out a minority owner. Dilution and Excessive Compensation Challenges to dilutive equity awards commonly focus on equity that the company elects to award its employees or officers as compensation.

Equity 59

Equity Dividends Appraisal Marketability 59

Reynolds Holding

DECEMBER 10, 2023

As a capital allocation decision, share buybacks intersect all three of the main corporate finance activities of investing, financing, and dividends [1]. Buybacks for Financing A company can alter the debt-to-equity ratio of its capital structure by issuing debt and/or buying back shares. No, that risks massive regret. Of course not.

Dividends 45

Dividends Total Shareholder Return Corporate Finance Finance 45

Valutico

OCTOBER 1, 2022

The company published its Q2 2023 financial results this week. dividend yield and an ongoing share buyback program. . Given the stable dividend payout ratio of ~65%, we also performed utilized a Dividend Discount Model with a Cost of Equity of 6.3% A WACC of 5.7%

Discounted Cash Flow 52

Discounted Cash Flow Dividends Market Capitalization Marketability 52

Benzinga

JUNE 14, 2023

crude oil export terminal by capacity and accounted for approximately 12% of the United States' total crude oil exports in 2023 year-to-date 7. The Terminal achieved record volumes of over 670,000 bbl/d of oil in March 2023. billion in cash (the "Transaction"), subject to closing adjustments.

Dividends 40

Dividends Equity Finance EBITDA 40

Benzinga

FEBRUARY 1, 2023

Revised transaction structure results in ADES acquiring 100% of the equity interests of Arq Limited subsidiaries in exchange for issuance of preferred shares Final ownership terms results in legacy ADES shareholders retaining 59% of the outstanding equity GREENWOOD VILLAGE, Colo., per share. million term debt facility.

Dividends 40

Dividends Equity Marketability 40

Musings on Markets

JANUARY 21, 2023

In this post, I will begin by chronicling the damage done to equities during 2022, before putting the year in historical context, and then examine how developments during the year have affected expectations for the future. Actual Returns Your returns on equities come in one of two forms. Stocks: The What? at the start of that year.

Equity 70

Equity Risk Premium Start-ups Dividends 70

Musings on Markets

JANUARY 19, 2022

If equity markets surprised us with their resilience in 2020, not just weathering a pandemic for the ages, but prospering in its midst, US equity markets, in particular, managed to find light even in the darkest news stories, and continued their rise through 2021. The year that was.

Risk Premium 80

Risk Premium Risk-free Rate Start-ups Equity 80

Musings on Markets

JANUARY 28, 2024

In my last data updates for this year, I looked first at how equity markets rebounded in 2023 , driven by a stronger-than-expected economy and inflation coming down, and then at how interest rates mirrored this rebound. Globally, health care has the highest percentage of money-losing companies and utilities have the lowest.

Risk Premium 93

Risk Premium Beta Start-ups Equity 93

Chris Mercer

FEBRUARY 14, 2024

What would you (or a court) say if I created a guideline public company group for a valuation as of December 31, 2023, consisting of companies that existed twenty years ago, and based my analysis on multiples calculated as of December 31, 2003 ? The pricing and multiples from 2003 have no bearing on the value of my private company in 2023.

Marketability 52

Marketability Dividends Appraisal Business Valuation 52

Valutico

MARCH 1, 2023

Weekly Valuation – Valutico | 1 March 2023 Link to valuation About BP BP, a multinational oil and gas company, headquartered in London, is one of the largest oil and gas producers in the world. Furthermore, the company increased dividends by 10% and announced that it will buy back GBP 2.3 (USD billion worth of shares.

Discounted Cash Flow 52

Discounted Cash Flow Net Debt EBIT Equity 52

Benzinga

NOVEMBER 7, 2023

07, 2023 (GLOBE NEWSWIRE) -- MidCap Financial Investment Corporation (NASDAQ: MFIC ), Apollo Senior Floating Rate Fund Inc. vi In addition, following the closing of the Merger(s), as applicable, MFIC will pay a cash dividend of $0.20 Billion of Total Investments and $1.4 Billion of Net Assets i NEW YORK, Nov.

Dividends 40

Dividends Marketability Equity Market Capitalization 40

Benzinga

DECEMBER 11, 2023

11, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY ) today announced it entered into a purchase agreement to acquire Midland-based oil and gas producer CrownRock L.P., billion of common equity and the assumption of CrownRock's $1.2 Acquisition, valued at approximately $12.0 billion of new debt, the issuance of approximately $1.7

Dividends 40

Dividends Finance Equity 40

Musings on Markets

AUGUST 5, 2023

If you have been reading my posts, you know that I have an obsession with equity risk premiums, which I believe lie at the center of almost every substantive debate in markets and investing. How, you may ask, can equity risk premiums be that divergent, and does that imply that anything goes?

Risk Premium 78

Risk Premium Equity Start-ups Treasury 78

Musings on Markets

SEPTEMBER 27, 2022

In a third post on July 1, 2022 , I pointed to inflation as a key culprit in the retreat of risk capital, i.e., capital invested in the riskiest segments of every market, and presented evidence of the impact on risk premiums (bond default spreads and equity risk premiums) in markets. from what it was on January 1.

Risk Premium 74

Risk Premium Treasury Start-ups Equity 74

Reynolds Holding

APRIL 10, 2024

The rapid escalation in uninsured deposit runs in March 2023 led to chaotic intervention with potentially severe fiscal implications. 2023 ; Dewatripont et al., Current preventive tools at prevention like suspending dividend payments offer little immediate relief while sending a signal about bank losses, thus triggering a run.

Banking 59

Banking Going Concern Value Dividends Marketability 59

Benzinga

JULY 12, 2022

Capital Power will finance the transaction using cash on hand and its credit facilities and will not need to access the equity markets to finance the transaction. On the strength of the contracted cash flows from this acquisition, we are increasing our annual dividend growth guidance to 6% through 2025 from the previous 5%.

Dividends 40

Dividends Finance EBITDA Equity 40

Benzinga

FEBRUARY 15, 2023

15, 2023 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. per share cash dividend paid _ (1) A reconciliation of GAAP net income to Funds From Operations (FFO) is provided at the end of this press release. DIVIDEND SUMMARY On December 29, 2022, ROIC distributed a $0.15 per share cash dividend. SAN DIEGO, Feb.

Dividends 40

Dividends EBITDA Intangible Assets Equity 40