Special dividend

Albertsons Companies Issues Statement Regarding the Denial of a Request for Preliminary Injunction by the Attorney General of the State of Washington and Extension of the Temporary Restraining Order on its Special Dividend Payment

Retrieved on: 
Saturday, December 10, 2022
Legal, Other Retail, Supermarket, Specialty, Professional Services, Food, Beverage, Organic Food, Retail, District court, Person, Risk, Hart–Scott–Rodino Antitrust Improvements Act, Albertsons, Douglas v. U.S. District Court ex rel Talk America, Kroger, PST, NYSE, Special dividend, ACI, Attorney, Security (finance)

The Washington State Court has extended the existing temporary restraining order (TRO) until 4:30 p.m. PST on December 19, 2022, to give the Attorney General of the State of Washington an opportunity to appeal todays ruling.

Key Points: 
  • The Washington State Court has extended the existing temporary restraining order (TRO) until 4:30 p.m. PST on December 19, 2022, to give the Attorney General of the State of Washington an opportunity to appeal todays ruling.
  • Albertsons Cos. awaits a ruling on the request for a preliminary injunction filed December 1, 2022, by the California, Illinois and District of Columbia Attorneys General against the payment of the Special Dividend.
  • On November 8, 2022, the U.S. District Court for the District of Columbia denied their request for a temporary restraining order against the payment of the Special Dividend.
  • The forward-looking statements include our current expectations, assumptions, estimates and projections about the Special Dividend and the payment thereof.

CBL Properties Declares Special Common Stock Dividend of $2.20 Per Common Share, Payable All in Cash

Retrieved on: 
Tuesday, November 29, 2022
Commercial Building & Real Estate, Construction & Property, Department Stores, Finance, Other Retail, REIT, Professional Services, Retail, Other Construction & Property, Result, Financial condition report, Conversation, CBL, Analysis, Security (finance), NYSE, Special dividend, CBL Properties, Holding company

CBL Properties (NYSE:CBL) today announced that its Board of Directors has declared a special dividend of $2.20 per share of common stock, payable all in cash.

Key Points: 
  • CBL Properties (NYSE:CBL) today announced that its Board of Directors has declared a special dividend of $2.20 per share of common stock, payable all in cash.
  • The Special Dividend is payable on January 18, 2023, to stockholders of record as of the close of business on December 12, 2022.
  • The special dividend equates to an aggregate cash amount of approximately $70.0 million.
  • We are pleased to further demonstrate our commitment to creating and returning stockholder value through this special all cash dividend, said Stephen D. Lebovitz, chief executive officer of CBL Properties.

Albertsons Companies Issues Statement Regarding the Further Delay of the Washington State Court’s Hearing on its Special Dividend Payment

Retrieved on: 
Wednesday, November 16, 2022
Supermarket, Retail, Legal, Professional Services, Risk, TRO, Albertsons, NYSE, State, Person, Special dividend, ACI, Hearing, Security (finance)

Albertsons Companies (NYSE: ACI) (Albertsons Cos. or the Company) today announced that the Washington State Court has postponed the date of the hearing regarding the temporary restraining order (TRO) granted to the State of Washington until December 9, 2022.

Key Points: 
  • Albertsons Companies (NYSE: ACI) (Albertsons Cos. or the Company) today announced that the Washington State Court has postponed the date of the hearing regarding the temporary restraining order (TRO) granted to the State of Washington until December 9, 2022.
  • Albertsons Cos. continues to believe that the claim brought by the State of Washington is meritless and provides no legal basis for canceling or postponing a dividend that has been duly and unanimously approved by Albertsons Cos. fully informed Board of Directors.
  • The forward-looking statements include our current expectations, assumptions, estimates and projections about the Special Dividend and the payment thereof.
  • Forward-looking statements contained in this press release reflect our view only as of the date of this press release.

PFSweb Announces Updated Ex-Dividend Date for Special Dividend

Retrieved on: 
Friday, November 11, 2022
Health, Date, Company, NASDAQ, Dividend, Special dividend, Ex-dividend date, DTC, GLOBE, PFSweb, Solution, Name, E-commerce, BPO, B2B, Time, Champion, Special, Jewellery, PFS, Holding company, Nasdaq

IRVING, Texas, Nov. 11, 2022 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ: PFSW) (the "Company") today announced that, in connection with the Company's recently announced special cash dividend of $4.50 per share (the "Special Dividend"), Nasdaq has determined that the ex-dividend date for the Special Dividend will be December 16, 2022 (the Ex-Dividend Date) in lieu of the November 30, 2022 date previously announced by the Company.

Key Points: 
  • IRVING, Texas, Nov. 11, 2022 (GLOBE NEWSWIRE) -- PFSweb, Inc. (NASDAQ: PFSW) (the "Company") today announced that, in connection with the Company's recently announced special cash dividend of $4.50 per share (the "Special Dividend"), Nasdaq has determined that the ex-dividend date for the Special Dividend will be December 16, 2022 (the Ex-Dividend Date) in lieu of the November 30, 2022 date previously announced by the Company.
  • Thus, the Companys shares will trade with this due bill and the assignment of the right to receive the Special Dividendduring the Dividend Right Period until the Ex-Dividend Date of December 16, 2022, the first business day after the payment date.
  • Stockholders who sell their shares during the Dividend Right Period and prior to the Ex-Dividend Date will be selling their right to the Special Dividend, and such stockholder will not be entitled to receive the Special Dividend.
  • Due bills obligate a seller of shares to deliver the Special Dividend payable on such shares to the buyer and holder of the shares as of the payment date (the Dividend Right).

Growing Preference for Online Shopping Invigorate the E-Commerce Industry

Retrieved on: 
Friday, November 11, 2022
Economics, TMI, NASDAQ, Board, Human, Social, Goal, EBAY, Offer, BigCommerce, Growth, Policy, Industry, Company, Treasury, Special dividend, Leg, Research, BIGC, COVID-19, Privacy policy, News, Bias, Disclosure, Social media, EBay, Lead, SF Express, RMB, MNI - Market News, Efficiency, Snap, Financial News, Contextual advertising, Marketing, Snap Inc., Ecosystem, Habit, Privacy, Advertising, Editorial, COVID, Use, Partnership, NYSE, Cargo, Online shopping, Public relations, Politics

NEW YORK, Nov. 11, 2022 /PRNewswire/ -- China's logistics and shipping industry has been growing at a rapid, yet steady pace for decades. However, the COVID-19 pandemic has accelerated development of the industry even further. In recent years, major shifts in shipping and logistics have started to take place. For example, according to McKinsey Insights, recent e-commerce patterns are fueling demand for air freight, an often-underappreciated value driver in the logistics sector. Traditionally, e-commerce supply chains relied mostly on maritime shipping to transport products in bulk to destination countries in advance, before local express providers take over the final leg of the delivery to the end customer. More recently though, there has been a shift in the industry, which is due to digital advances in e-commerce. These advances have empowered mass customization, especially in fast fashion, in what is termed the "direct line" model. This refers to transporting products in bulk via air freight to local postal companies in the final destination, empowering swift last-mile deliveries to the final customers. In fact, many Chinese companies including JD Logistics, Cainiao, SF Express, and YTO Express are actively growing their freighter fleets. This is a sign that the direct-line model is gradually replacing traditional postal and express delivery. Between 2016 and 2020, the demand for direct-line delivery has risen by 84%. Jowell Global Ltd. (NASDAQ: JWEL), ZTO Express (Cayman) Inc. (NYSE: ZTO), Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN), BigCommerce Holdings, Inc. (NASDAQ: BIGC), eBay Inc. (NASDAQ: EBAY)

Key Points: 
  • More recently though, there has been a shift in the industry, which is due to digital advances in e-commerce.
  • In fact, many Chinese companies including JD Logistics, Cainiao, SF Express, and YTO Express are actively growing their freighter fleets.
  • The e-commerce market is driven, in large part, by the increasing preference for online shopping as well as the growing influence of social networking platforms on shopping habits.
  • In addition, the growing trend of private-label services and direct to consumer-based business models are also impacting the outlook for market growth.

Growing Preference for Online Shopping Invigorate the E-Commerce Industry

Retrieved on: 
Friday, November 11, 2022
Economics, TMI, NASDAQ, Board, Human, Social, Goal, EBAY, Offer, BigCommerce, Growth, Policy, Industry, Company, Treasury, Special dividend, Leg, Research, BIGC, COVID-19, Privacy policy, News, Bias, Disclosure, Social media, EBay, Lead, SF Express, RMB, MNI - Market News, Efficiency, Snap, Financial News, Contextual advertising, Marketing, Snap Inc., Ecosystem, Habit, Privacy, Advertising, Editorial, COVID, Use, Partnership, NYSE, Cargo, Online shopping, Public relations, Politics

NEW YORK, Nov. 11, 2022 /PRNewswire/ -- China's logistics and shipping industry has been growing at a rapid, yet steady pace for decades. However, the COVID-19 pandemic has accelerated development of the industry even further. In recent years, major shifts in shipping and logistics have started to take place. For example, according to McKinsey Insights, recent e-commerce patterns are fueling demand for air freight, an often-underappreciated value driver in the logistics sector. Traditionally, e-commerce supply chains relied mostly on maritime shipping to transport products in bulk to destination countries in advance, before local express providers take over the final leg of the delivery to the end customer. More recently though, there has been a shift in the industry, which is due to digital advances in e-commerce. These advances have empowered mass customization, especially in fast fashion, in what is termed the "direct line" model. This refers to transporting products in bulk via air freight to local postal companies in the final destination, empowering swift last-mile deliveries to the final customers. In fact, many Chinese companies including JD Logistics, Cainiao, SF Express, and YTO Express are actively growing their freighter fleets. This is a sign that the direct-line model is gradually replacing traditional postal and express delivery. Between 2016 and 2020, the demand for direct-line delivery has risen by 84%. Jowell Global Ltd. (NASDAQ: JWEL), ZTO Express (Cayman) Inc. (NYSE: ZTO), Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN), BigCommerce Holdings, Inc. (NASDAQ: BIGC), eBay Inc. (NASDAQ: EBAY)

Key Points: 
  • More recently though, there has been a shift in the industry, which is due to digital advances in e-commerce.
  • In fact, many Chinese companies including JD Logistics, Cainiao, SF Express, and YTO Express are actively growing their freighter fleets.
  • The e-commerce market is driven, in large part, by the increasing preference for online shopping as well as the growing influence of social networking platforms on shopping habits.
  • In addition, the growing trend of private-label services and direct to consumer-based business models are also impacting the outlook for market growth.

Albertsons Companies Issues Statement Regarding the Delay of the Washington State Court’s Hearing on its Special Dividend Payment

Retrieved on: 
Friday, November 11, 2022
Supermarket, Retail, Legal, Professional Services, ACI, Forward-looking statement, State, Special dividend, Hearing, NYSE, Albertsons, Risk, TRO, Person, SEC, Board of directors, Company, Security (finance)

Albertsons Companies (NYSE: ACI) (Albertsons Cos. or the Company) today announced that the Washington State Court has postponed the date of the hearing regarding the temporary restraining order (TRO) granted to the State of Washington.

Key Points: 
  • Albertsons Companies (NYSE: ACI) (Albertsons Cos. or the Company) today announced that the Washington State Court has postponed the date of the hearing regarding the temporary restraining order (TRO) granted to the State of Washington.
  • The TRO restrains the Company from paying the previously announced $6.85 per share Special Dividend (the Special Dividend) to stockholders of record as of the close of business on October 24, 2022.
  • The hearing is scheduled to take place Wednesday, Nov. 16 and Thursday, Nov. 17, and the TRO remains in effect.
  • The forward-looking statements include our current expectations, assumptions, estimates and projections about the Special Dividend and the payment thereof.

Albertsons Cos. Issues Statement Regarding U.S. District Court for District of Columbia’s Ruling to Deny Request by California, Illinois and District of Columbia Attorneys General for Temporary Restraining Order Against its Special Dividend Payment

Retrieved on: 
Wednesday, November 9, 2022
Professional Services, Public Policy, Government, Retail, State, Local, Legal, Supermarket, Food, Beverage, ACI, Forward-looking statement, Special dividend, NYSE, Kroger, Albertsons, Risk, Board, Person, SEC, District, Board of directors, Douglas v. U.S. District Court ex rel Talk America, Time, Company, District court, Growth, Security (finance)

This order, which restrains the Company from paying the Special Dividend, remains in effect until November 10, 2022, unless within that time, an order is entered extending or dismissing the temporary restraining order.

Key Points: 
  • This order, which restrains the Company from paying the Special Dividend, remains in effect until November 10, 2022, unless within that time, an order is entered extending or dismissing the temporary restraining order.
  • Albertsons Cos. is confident that it will continue to make strategic progress following the payment of the Special Dividend, given its strong cash flows and low debt profile.
  • The forward-looking statements include our current expectations, assumptions, estimates and projections about the Special Dividend and the payment thereof.
  • Forward-looking statements contained in this press release reflect our view only as of the date of this press release.

John B. Sanfilippo & Son, Inc. Declares $1.00 Per Share Special Dividend

Retrieved on: 
Thursday, November 3, 2022
Marketing, Supermarket, Packaging, Convenience Store, Communications, Food, Beverage, Manufacturing, Retail, Company, Nutrition facts label, XV, Board, Nut, Intellectual property, Safety, Transport, COVID-19, Weather, Special dividend, Ix, Packager, NASDAQ, Infection, Board of directors, Common stock, Phrase, Technology, Climate change, Quarantine, Holding company, Southern Style

The Special Dividend will return approximately $11.7 million to JBSS stockholders.

Key Points: 
  • The Special Dividend will return approximately $11.7 million to JBSS stockholders.
  • The Special Dividend will be paid on December 21, 2022, to stockholders of record as of the close of business on December 2, 2022.
  • We are pleased to announce the $1.00 per share Special Dividend, stated Jeffrey T. Sanfilippo, Chairman and Chief Executive Officer.
  • Our financial performance over the last several quarters have provided us the opportunity to declare the Special Dividend to be paid in the second quarter of fiscal 2023.

Albertsons Companies Announces Special Dividend in Connection with Signing of Merger Agreement

Retrieved on: 
Friday, October 14, 2022
Food, Beverage, Health, Retail, Pharmaceutical, Supermarket, U.S. Securities and Exchange Commission, Special dividend, Haggen, SEC, Pharmacy, Tripura Merger Agreement, Shaw's and Star Market, NYSE, Pavilion, Annual report, District, Food Lover's Market, Investor, Albertsons, Randalls, Acme, Kroger, Company, Board, Safeway, Jewel (supermarket), Food, Thumb, Plan, Board of directors, ACI, Kings Food Markets, COVID-19, Star Market, Bookkeeping, Mergers and acquisitions, United Supermarkets

Albertsons Companies, Inc. (NYSE: ACI) (the Company) today announced its Board of Directors has declared a special cash dividend of $6.85 per share of Class A common stock (the Special Dividend).

Key Points: 
  • Albertsons Companies, Inc. (NYSE: ACI) (the Company) today announced its Board of Directors has declared a special cash dividend of $6.85 per share of Class A common stock (the Special Dividend).
  • The Special Dividend is payable on November 7, 2022, to stockholders of record as of the close of business on October 24, 2022.
  • The Special Dividend has been declared in connection with the Company entering into an Agreement and Plan of Merger, dated October 13, 2022 by and among the Company, The Kroger Co. and Kettle Merger Sub, Inc. (the Merger Agreement).
  • Details regarding the Merger Agreement and the transactions contemplated by the Merger Agreement can be found in the combined press release issued by the Company and The Kroger Co. on October 14, 2022.