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$WRB said its BoD has voted to increase the cash dividend to an annual rate of 52 cents per share, representing an 8% increase from the present rate. The first quarterly dividend at the new rate of 13 cents per share will be paid on July 5, 2016 to stockholders of record at the close of business on June 15, 2016.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.