Financial institution $CFG said its BoD has declared a semi-annual dividend of $27.50 per share on its 5.500% Fixed-to-Floating Preferred Stock, Series A. The dividend is payable Oct. 6, 2016 to shareholders of record on Sept. 21, 2016.
$COF believes that it will deliver solid EPS growth in 2017 due to the strong growth over the last two years, assuming no substantial change in the broader credit and economic cycles. The company expects revenue to grow and drive growth in pre-provision earnings.
$TXN's gross profit in 4Q16 was $2.13Bil or 62.5% of revenue. The increase was mainly due to higher revenue and lower manufacturing cost. Operating expenses were $754MM or 22.1% of revenue, while operating profit was $1.32Bil, up 15% YoverY.
$PVH has agreed to acquire the licensed Tommy Hilfiger men’s
tailored clothing business for North America from Marcraft Clothes, Inc. $PVH will acquire certain assets related to
the licensed business and the license agreement would be terminated effective
December 31, 2017. Terms of the transaction were not disclosed.