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$CGI's BoD approved a dividend of $0.02 per share for 1Q17, payable Oct. 21 to shareholders of record on Oct. 7. In 4Q16, tax rate was 29.1% versus 35.4% in 4Q15, due to higher percentage of income being generated from Canada and Mexico in 2016 at lower effective tax rate. Company expects effective tax rate to be 35-37% in subsequent quarters.
Biodefense therapeutics firm $PIP announced an all-stock merger with biotech Altimmune. The respective boards of the two companies unanimously approved the merger.
$YHOO is reporting today after market close. Nobody cares about this stock.