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For the first time since 2010, $SEE said its BoD approved an increase in its quarterly dividend by 23% to $0.16 per share. The company also repurchased 0.7MM shares of its common stock for about $32MM in 1Q16. The average diluted shares outstanding as of March 31, 2016 were 197MM, down from 212MM shares as of March 31, 2015.
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.