NEW YORK, April 23, 2013 -Bestdarnpennystocks.com, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Metlife Inc, RadioShack Corporation, Wal-Mart Stores.
Life insurer Metlife Inc(NYSE:MET) said on Tuesday it has raised its dividend pay-out 49 percent for the first time since 2007. The quarterly dividend of 27.5 cents per share is payable June 13 to shareholders of record as of May 9, the New York- based insurer said today in a statement. The previous pay-out was 18.5 cents. The rise in dividend comes right after the company's exit from banking limited oversight from the Federal Reserve.
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The company said that it was returning capital to shareholders after scaling back the U.S. oversight that had frustrated Chief Executive Officer Steven Kandarian’s plans for buybacks and a dividend boost.
The insurer exited bank status in February after reaching deals for the sale of deposits and reverse-mortgage and home- loan units. “This action by our board makes our dividend more competitive,” Kandarian said in the statement.
MetLife’s annual dividend has been 74 cents a share since 2007 and the insurer last authorized a buyback in 2008. The company switched to a quarterly payment this year.
Shares of MET rose 6.20% to $38.01.
RadioShack Corporation(NYSE:RSH)’s first quarter loss widened to $43.3 million disappointing analysts who had expected better results.
The company's loss amounted to 43 cents per share, compared with a loss of $8 million, or 8 cents per share, in the same quarter last year. Excluding losses from the company's Target mobile centers, which all closed by the end of the quarter, RadioShack's loss amounted to 35 cents per share.
What Should Be The Fair Value Of RSH After The Solid Earnings? Get Free Report Here http://www.bestdamnpennystocks.com/google/s/2/?code=RSH (OR Just copy and paste the link)Wall Street was actually looking for a profit of 3 cents, and a lot more revenue than the $849 million RadioShack reported Tuesday, which was a 7 percent decline from last year. Wall Street had expected total revenue of $1.3 billion.
Wal-Mart Stores, Inc.(NYSE:WMT) has said that the members of its board's audit committee were paid more for the extra work they had to take on in handling an ongoing foreign bribery investigation.
In November 2011, Wal-Mart had begun its own probe into violations of the U.S. Foreign Corrupt Practices Act, and the manner of handling the matter by the company.
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A year ago, the New York Times published a report that said that Wal-Mart had intentionally hushed an early internal probe into allegations that Wal-Mart de Mexico officials had paid bribes to build stores in Mexico.
The audit committee met 15 times in fiscal 2013 and its members were paid an additional $60,000 fee, while the committee's chairman, Christopher Williams, received $85,000 as fee.
The company spent $157 million last year on the probe of bribery allegations in Mexico, Brazil, China and India, and on improving its compliance programs. In a separate bit of news, three board members will not stand for re-election at the company's June 7 annual meeting. James Breyer, the board's presiding director, and M. Michele Burns are leaving the board after serving for more than 10 years. Also, Arne Sorenson has decided to focus on his role as CEO of Marriott International Inc.
In addition, there are groups demanding the removal of Chief Executive Mike Duke and Chairman Rob Walton from the board.
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