raised the quarterly dividend on the company’s common stock from $0.34 per
share to $0.36 per share, which is equivalent to an annual rate of $1.44 per
share. The Board declared the 1Q17 common stock dividend payable April 20,
2017, to shareholders of record on March 15, 2017.
Apparel retailer $LB 4Q16 net income decreased marginally by 1% to $631.7MM, or $2.18 per share, compared to $636MM, or $2.15 per share in 4Q15. Net sales rose 2% YoY to $4.5Bil. Excluding items, $LB earned $2.03 per share, down 6%.
that Brad Grey will step down from his role as Chairman and CEO of Paramount
Pictures. The company is commencing a comprehensive search to identify a
successor, and Mr. Grey will remain at Paramount for a period to support the
$O expects 2017 funds from operations per share of $3.00-3.06, an increase of 4.2-6.3% over 2016 FFO per share of $2.88. This is based on EPS range of $1.27-1.33, plus estimated real estate depreciation of $1.80 per share, and reduced by potential estimated gains on sales of investment properties of $0.07 per share.
$O reported a rise in 4Q16 earnings driven by higher revenue. Net income rose to $85.67MM or $0.33 per share from $76.17MM or $0.31 per share last year. Revenue grew to $287.84MM from $263.67MM. Funds from operations per share increased to $0.77 from $0.71 and adjusted FFO per share grew to $0.75 from $0.68.