Day: November 21, 2019

MOOREFIELD, W.Va., Nov. 21, 2019 (GLOBE NEWSWIRE) — Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces its Board of Directors recently declared a fourth quarter 2019 dividend of $0.15 per share payable on December 31, 2019 to common shareholders of record as of the close of business on December 16, 2019.Summit Financial Group, Inc. is a $2.3 billion financial holding company headquartered in Moorefield, West Virginia. Summit provides community banking services primarily in the Eastern Panhandle and Southern regions of West Virginia and the Northern, Shenandoah Valley and Southwestern regions of Virginia, through its bank subsidiary, Summit Community Bank, Inc., which operates thirty-two banking locations.Teresa Ely, Director of Shareholder RelationsTelephone:        (304) 530-0526Email:               tely@su...

WESTFORD, Mass., Nov. 21, 2019 (GLOBE NEWSWIRE) — Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has approved a quarterly cash dividend to stockholders of $0.23 per share to be paid on February 6, 2020 to stockholders of record as of the close of business on January 9, 2020. Future declarations of dividends are subject to Board approval and may be adjusted as business needs or market conditions change.Kadant Inc. is a global supplier of high-value, critical components and engineered systems used in process industries worldwide. Our products, technologies, and services play an integral role in enhancing process efficiency, optimizing energy utilization, and maximizing productivity in resource-intensive industries. Kadant is based in Westford, Massachusetts, with approximately 2,800 employees in 20 countries worldwide....

Financial Highlights:Fiscal 2019 consolidated sales of $1.54 billion; $392.4 million for 4th quarterCompany targets growth for fiscal 20204th quarter debt reduction of $39 millionEstimated annual savings from cost reduction project of at least $25 million4th quarter goodwill write-down of $78 millionPITTSBURGH, Nov. 21, 2019 (GLOBE NEWSWIRE) — Matthews International Corporation (NASDAQ GSM: MATW) today announced financial results for its fiscal 2019 fourth quarter and fiscal year ended September 30, 2019.In discussing the Company’s results for the quarter, Joseph C. Bartolacci, President and Chief Executive Officer, stated: “We closed out fiscal 2019 consistent with the preliminary estimates provided on November 8, 2019.  Unfavorable currency rate changes and a brand client account loss early in the fiscal year continued to unfavorably...

HAMILTON, BERMUDA, November 21, 2019 – DHT Holdings, Inc. (NYSE:DHT) (“DHT”) today announced the closing of the previously announced registered underwritten public offering of 14,680,880 shares of DHT common stock held by BW Group Limited (“BW Group”).  DHT did not offer any shares in or receive any proceeds from the offering. The total number of shares of DHT common stock outstanding did not change as a result of the offering.The offering represented approximately 10% of the outstanding shares of DHT common stock.  BW Group holds 34,159,674 shares, or approximately 23.3% of the outstanding shares of DHT common stock, following the transaction.Following the completion of the offering, BW Group Chairman Andreas Sohmen-Pao commented:“BW Group merged its VLCC fleet with DHT in 2017 with a view to supporting consolidation and building a stronger...

INDIANAPOLIS, Nov. 21, 2019 (GLOBE NEWSWIRE) — Kite Realty Group Trust (NYSE:KRG) announced today that its Board of Trustees declared a quarterly cash distribution of $0.3175 per common share for the quarter ending December 31, 2019. This distribution will be paid on or about December 27, 2019, to shareholders of record as of December 20, 2019.About Kite Realty Group TrustKite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to retailers in desirable markets through our portfolio of neighborhood, community, and lifestyle centers. Using operational, development, and redevelopment expertise, we continuously optimize our portfolio to maximize value and return to our shareholders. As of September...

SUNNYVALE, Calif., Nov. 21, 2019 (GLOBE NEWSWIRE) — Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, today announced participation in the following investor conferences.Credit Suisse 23rd Annual Technology Conference, Scottsdale, ArizonaManagement is scheduled to meet with investors December 3, 2019.UBS Global TMT Conference, New York, New YorkManagement is scheduled to meet with investors December 10, 2019 and present at 3:30 p.m. Eastern time. The presentation will be webcast as live audio and available for replay from the Events & Presentation page of the Investor Relations section of Ooma’s website, https://investors.ooma.com/investors/events-and-presentations/.  About OomaOoma (NYSE: OOMA) creates powerful connected experiences for businesses and consumers, delivered from its smart...

CALGARY, Alberta, Nov. 21, 2019 (GLOBE NEWSWIRE) — Founders Advantage Capital Corp. (TSX-V: FCF) (“FAC” or the “Corporation”) is pleased to report its financial results for the three and nine months ended September 30, 2019 (“Q3-2019”).  For complete information, readers should refer to the consolidated financial statements and management discussion and analysis which are available on SEDAR at www.sedar.com and on the Corporation’s website at www.advantagecapital.ca.  All amounts are presented in Canadian dollars unless otherwise stated. 

SUNNYVALE, Calif., Nov. 21, 2019 (GLOBE NEWSWIRE) — Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, today released financial results for the third quarter fiscal 2020 ended October 31, 2019.Third Quarter Fiscal 2020 Financial HighlightsRevenue: Total revenue was $39.6 million, up 21% year-over-year. Subscription and services revenue increased to $36.5 million and was 92% of total revenue, driven by 24% year-over-year growth in combined Ooma Business and Ooma Residential services.Net Income/Loss: GAAP net loss was $6.8 million, or $0.32 per basic and diluted share, compared to GAAP net loss of $3.5 million, or $0.18 per basic and diluted share, in the third quarter fiscal 2019. GAAP net loss includes a $3.1 million charge relating to certain restructuring activities taken at the end of the quarter....

VERO BEACH, Florida, Nov. 21, 2019 (GLOBE NEWSWIRE) — ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PB) (“ARMOUR” or the “Company”) today announced the December 2019 cash dividend for the Company’s Common Stock, which maintains the current monthly dividend rate of $0.17 per Common share.December 2019 Common Stock Dividend InformationCertain Tax MattersARMOUR has elected to be taxed as a real estate investment trust (“REIT”) for U.S. Federal income tax purposes. In order to maintain this tax status, ARMOUR is required to timely distribute substantially all of its ordinary REIT taxable income. Dividends paid in excess of current tax earnings and profits for the year will generally not be taxable to common stockholders.About ARMOUR Residential REIT, Inc.ARMOUR invests primarily in fixed rate residential, adjustable rate and hybrid...

MATAWAN, N.J., Nov. 21, 2019 (GLOBE NEWSWIRE) — Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the fourth quarter and fiscal year ended October 31, 2019 the morning of Thursday, December 5, 2019. The Company will webcast its fourth quarter earnings conference call at 11:00 a.m. (ET) on Thursday, December 5, 2019.The conference call and accompanying slide presentation will be webcast live through the “Investor Relations” section of Hovnanian Enterprises’ website at http://www.khov.com. It is suggested that participants access the webcast event page at least five minutes before the live event. For those who are not available to listen to the live webcast, an archive of the broadcast will be available under the “Past Events” section of the “Investor Relations” page on the...