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$CFG said plan was designed to continue to provide attractive returns to its shareholders and prudently optimize capital structure. Proposed quarterly dividends of $0.12 per share through end of 2016 and common share repurchases of up to $690MM, an increase of 38% over 2015. The potential to raise quarterly dividends to $0.14 per share in 2017.
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.