Day: January 28, 2022

SmartFinancial Increases Quarterly Cash Dividend by 17%

SmartFinancial Increases Quarterly Cash Dividend by 17%

KNOXVILLE, Tenn., Jan. 28, 2022 (GLOBE NEWSWIRE) — SmartFinancial, Inc. (“SmartFinancial”) (Nasdaq: SMBK), the parent company for SmartBank, announced that on January 27, 2022, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.07 per share of SmartFinancial common stock payable on February 28, 2022, to shareholders of record as of the close of business on February 11, 2022. The $0.07 per share quarterly dividend represents a 17% increase over SmartFinancial’s prior quarterly dividend declared in October 2021 of $0.06 per share. About SmartFinancial, Inc. SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with branches across Tennessee, Alabama, and the Florida Panhandle. Recruiting...

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TAAT™ Embraces B2B Events in Q1 2022 Based on Success with Trade Shows in 2021

TAAT™ Embraces B2B Events in Q1 2022 Based on Success with Trade Shows in 2021

Picture 1 TAAT™ is currently exhibiting at the Tobacco Plus Expo (“TPE”), a tobacco industry event being held at the Las Vegas Convention Center. On January 26, 2022, the Company sponsored the TPE “Industry Night Party” at the Sahara casino resort, where tobacco industry attendees and exhibitors had the opportunity to network in an outdoor nightlife setting. LAS VEGAS and VANCOUVER, British Columbia, Jan. 28, 2022 (GLOBE NEWSWIRE) — TAAT™ GLOBAL ALTERNATIVES INC. (CSE: TAAT) (OTCQX: TOBAF) (FRANKFURT: 2TP) (the “Company” or “TAAT™”) is pleased to announce that it is hosting trade show exhibits more frequently in calendar Q1 2022 based on the impressive yield of new wholesaler relationships and first-time purchase orders from trade shows in the second half of 2021. In its August 6, 2021 press release, the Company...

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Credicorp Ltd.: Credicorp’s Earnings Release and Conference Call 4Q21

Credicorp Ltd.: Credicorp’s Earnings Release and Conference Call 4Q21

Lima, Jan. 28, 2022 (GLOBE NEWSWIRE) — Lima, PERU, January 28, 2022 – Credicorp Ltd. announces to its shareholders and the market that its 4Q21 Earnings Release Report will be released on Monday February 07, 2022 after market close. Credicorp’s Webcast / Conference Call to discuss such results, will be held on Tuesday February 08, 2022 at 9:30 am ET (9:30 am Lima, Peru time). The call will be host by: Gianfranco Ferrari – CEO, Cesar Rios – Chief Financial Officer, Francesca Raffo – Chief Innovation Officer, Reynaldo Llosa – Chief Risk Officer, Diego Cavero – Head of Universal Banking, Cesar Rivera – Head of Insurance and Pensions and Investor Relations Team. We encourage participants to pre-register for the listen-only webcast presentation using the following link: https://dpregister.com/sreg/10163110/f0c1ec1a46 Callers...

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FAT Brands Inc. Announces First Quarter Cash Dividend on Class A Common Stock and Class B Common Stock

FAT Brands Inc. Announces First Quarter Cash Dividend on Class A Common Stock and Class B Common Stock

Los Angeles, CA, Jan. 28, 2022 (GLOBE NEWSWIRE) — FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT), a leading global franchising company and parent company of iconic brands including Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Twin Peaks, Fazoli’s and 11 other restaurant concepts, announced today that its Board of Directors has declared the Company’s fiscal 2022 first quarter cash dividend of $0.13 per share on each outstanding share of Class A common stock and Class B common stock. The dividend is payable on March 1, 2022 to holders of record of Class A common stock and Class B common stock as of the close of business on February 15, 2022. The declaration and payment of future dividends, as well as the amounts thereof, are subject to the discretion of the Company’s Board of Directors. The amount...

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Northrim BanCorp, Inc. Expands Stock Repurchase Program

Northrim BanCorp, Inc. Expands Stock Repurchase Program

ANCHORAGE, Alaska, Jan. 28, 2022 (GLOBE NEWSWIRE) — Northrim BanCorp, Inc. (NASDAQ:NRIM) today announced that its Board of Directors has authorized for repurchase up to an additional 300,000 shares of its common stock, or approximately 5% of the currently issued and outstanding shares. Prior to the increase, no shares remained available for repurchase under Northrim’s stock repurchase program. “Northrim’s stock repurchase program has helped to build long-term value for our shareholders and we feel that it continues to be an excellent use of capital to continue building on that value,” stated Jed Ballard, Chief Financial Officer. “This addition to our previous repurchase authorization allows us to buy back up to an additional $13 million in stock based on current market pricing. Since inception of the stock repurchase plan, we have...

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Northrim BanCorp Earns $8.1 Million, or $1.31 Per Diluted Share, in Fourth Quarter 2021, and $37.5 Million, or $6.00 Per Diluted Share, for the Year 2021

Northrim BanCorp Earns $8.1 Million, or $1.31 Per Diluted Share, in Fourth Quarter 2021, and $37.5 Million, or $6.00 Per Diluted Share, for the Year 2021

ANCHORAGE, Alaska, Jan. 28, 2022 (GLOBE NEWSWIRE) — Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $8.11 million, or $1.31 per diluted share, in the fourth quarter of 2021, compared to $8.88 million, or $1.42 per diluted share, in the third quarter of 2021, and $10.10 million, or $1.59 per diluted share, in the fourth quarter a year ago.   Fourth quarter 2021 profitability was fueled by core loan growth, fee and interest income from the Small Business Administration’s (“SBA”) Paycheck Protection Program (“PPP”) loans, and an increase in the net interest margin as compared to the preceding quarter. Also benefiting fourth quarter 2021 results was a $1.08 million benefit to the provision for credit losses, reflecting the strengthening economic...

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MONMOUTH REAL ESTATE ANNOUNCES NEW ACQUISITION IN THE BIRMINGHAM, AL MSA

MONMOUTH REAL ESTATE ANNOUNCES NEW ACQUISITION IN THE BIRMINGHAM, AL MSA

Holmdel, New Jersey, Jan. 28, 2022 (GLOBE NEWSWIRE) — Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the acquisition of a new 530,000 square foot Class A distribution center located at 11146 Will Walker Road, Vance, AL at a purchase price of $51.7 million. The property is net-leased for 10 years to Mercedes Benz US International, Inc., an Alabama corporation. The building is situated on approximately 53.5 acres representing a land to building ratio of over four times providing for future expansion capacity. The fully-airconditioned building will serve Mercedes’ new electric vehicle assembly line. Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. We specialize in single tenant, net-leased industrial properties, subject to long-term leases,...

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RPT Realty Announces Tax Reporting Information For Its 2021 Dividend Distributions

RPT Realty Announces Tax Reporting Information For Its 2021 Dividend Distributions

NEW YORK, Jan. 28, 2022 (GLOBE NEWSWIRE) — RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today tax reporting information for the 2021 dividend distributions on its common and preferred shares. The January 4, 2021 preferred share distribution is included in the tax allocations for 2021. The January 3, 2022 common and preferred share distributions will be included in the tax allocations for 2022. The tax reporting information as it will be reported on the Form 1099-DIV, on a per share basis, is as follows: Common Shares (NYSE: RPT); CUSIP #’s 74971D 101, 751452103 and 751452202 Declaration Date Record Date Payable Date Gross Distribution per share Total Ordinary Dividend Qualified Dividend1 Total Capital Gain Distribution Return of Capital2 Section 199A Dividend3 2/11/2021 3/19/2021 4/1/2021 $0.075000 $0.014872 $0.003025 $0.000000 $0.060128 $0.011847 4/28/2021 6/18/2021 7/1/2021 $0.075000 $0.014872 $0.003025 $0.000000 $0.060128 $0.011847 7/27/2021 9/20/2021 10/1/2021 $0.120000 $0.023795 $0.004839 $0.000000 $0.096205 $0.018956                       Total $0.270000 $0.053539 $0.010889 $0.000000 $0.216461 $0.042650       100.0000% 19.8293%   0.0000% 80.1707%                     Preferred...

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Arbor Realty Trust Announces Tax Treatment of 2021 Dividends

Arbor Realty Trust Announces Tax Treatment of 2021 Dividends

UNIONDALE, N.Y., Jan. 28, 2022 (GLOBE NEWSWIRE) — Arbor Realty Trust, Inc. (NYSE: ABR), today announced the tax treatment of its 2021 dividend distributions for common and preferred shares of beneficial interest. For tax reporting purposes, 100% of the distributions paid on Arbor Realty Trust common stock during 2021 will be classified as dividend income. The 2021 taxable distributions with respect to Arbor Realty Trust’s common stock traded under ticker symbol ABR are summarized as follows:                       Common Shares (CUSIP #038923108) Record Date   Payment Date   Total Distribution Per Share   Non-Qualified Dividend (1)   Qualified Dividend   Capital Gain Distribution 3/3/2021   3/19/2021   $0.33   $0.33   $0.00   $0.00 5/21/2021   6/1/2021     0.34     0.34     0.00     0.00 8/16/2021   8/31/2021     0.35     0.35     0.00     0.00 11/15/2021   11/30/2021     0.36     0.36     0.00     0.00         $1.38   $1.38   $0.00   $0.00                       The...

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UFP Industries announces quarterly dividend of $0.20 per share

UFP Industries announces quarterly dividend of $0.20 per share

– dividend represents a 33 percent increase over 2021 – GRAND RAPIDS, Mich., Jan. 28, 2022 (GLOBE NEWSWIRE) — On January 27, 2022, the Board of Directors of UFP Industries, Inc. (Nasdaq: UFPI) approved a quarterly dividend payment of $0.20 per share, a 33 percent increase over the quarterly dividend of 15 cents paid last year. The dividend is payable on March 15, 2022, to shareholders of record on March 1, 2022. “This enhanced dividend is the result of UFP’s strong performance and the confidence we have in our future,” said Chairman William G. Currie. “Because of our strong cash flow, we can continue to invest in growing our company to achieve greater returns while sharing our success with shareholders by paying these dividends. We are grateful to our shareholders, many of whom are employees, for making our success...

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