Real estate investment trust $O, also known as The Monthly Dividend Company, said that its Board of Directors have declared a hike in the monthly cash dividend to $0.191 per share from $0.1905 per share, that is payable on Jan. 15, 2016 to shareholders of record as of Jan. 4, 2016.
$HVT reported 4Q16 sales growth of about 1.1% over the same period last year and comparable store sales growth of 1.4%. Written sales are up about 4.5% over the previous year period and written comparable store sales are up about 4.7%.
$BF.A$BF.B said the company is comfortable with the Tequila portfolio currently. On pricing, the company added that the pricing in US and Mexico is holding steady. The company also commented that Tequila, and especially El Jimador and Herradura brands, have grown their sales mainly through volume and not through pricing.
$DIOD sees 4Q16 revenue to be impacted by as much as $10MM, with revised revenue range for such quarter now being $222-238MM. Gross margin is also expected to be cut by about 3% to 29.2% of revenue, plus or minus 1%. Non-GAAP operating expenses of 23.5% of revenue, plus or minus 1%, and weighted shares to calculate EPS of 49.5MM remain unchanged.
$DIOD said its wafer fab in Lee's Summit, MO (KFAB) experienced a fire in its wet etch wafer fabrication area on Nov. 18, 2016. Due to the fire, all production in KFAB has been temporarily suspended. Repair plans have been submitted to landlord and to city for approval. Once approval is received, $DIOD expects repairs to take 1-3 days.