Boston, MA 05/21/2014 (wallstreetpr) – Molson Coors Brewing Company (NYSE:TAP) has announced a quarterly dividend of $0.37 per share of its Class A and B common stock. It will distribute the dividend on June 16, to shareholders of record as of May 30. The company also announced C$0.40 per share in dividend for its Class A and Class B exchangeable shareholders. TAP will distribute the latter dividend on the same date as the former. The company recently issued quarterly earnings that saw it positing EPS of $0.55, ahead of the consensus estimate at $0.35. However, its revenue fell short of expectation in 1Q2014 as the company reported $816 million, against the consensus estimate of $818.43 million.
If you acquired units of Sabine Royalty Trust (NYSE:SBR) on or before May 15, 2014, look forward to a cash dividend award on May 29. The company declared a cash dividend of $0.398 per unit. The company has a good history of a cash dividend and aims to return more value to its shareholders as it continues to improve performance. In addition to attracting higher revenue growth, the company promised to look into its operations to identify new and more opportunities through which it can make cost-savings.
Amkor Technology, Inc. (NASDAQ:AMKR), a provider of outsourced semiconductor packaging solution, saw its board member Winston Churchill sell his shares on open market transaction last Friday. The insider unloaded 1,526 shares at an average price of $9.20 and generated about $14,039 in proceeds. The director retained a bigger portion of his stockholding in the company.
The insider trading at Amkor comes a time when the company issued a positive outlook of its business. It expects strong demand for its solutions in the anticipated robust semiconductor industry thanks to the big demand of Smartphone’s and tablets around the world. Amkor Technology, Inc. (NASDAQ:AMKR) recently declared 1Q2014 earnings that saw it report earnings of 9 cents per share ahead of the consensus estimate of 8 cents. The stock carries a consensus “buy” rating and 12-month price target of $8.16 per share.
