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$RRC said its net cash from operating activities fell 44% to $168MM in 4Q15. BoD declared 1Q16 quarterly dividend of $0.02 per share versus previous dividend of $0.04 per share. The reduced dividend is payable on March 31, and will provide about $13.6MM of additional cash flow on an annualized basis.
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.