Day: July 25, 2022

BRAINTREE, Mass., July 25, 2022 (GLOBE NEWSWIRE) — Altra Industrial Motion Corp. (Nasdaq: AIMC), a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced that its Board of Directors has approved the payment of a quarterly cash dividend of $0.09 per share for the third quarter of 2022. The third quarter 2022 dividend is the forty-second consecutive dividend in the Company’s history. The dividend will be paid on October 4, 2022 to shareholders of record as of the close of business on September 16, 2022. Future declarations of quarterly cash dividends are subject to approval by the Board of Directors and to the Board’s continuing determination that the declaration of dividends is in the best interests of Altra’s shareholders and is in compliance with all...

ROCKVILLE, Md., July 25, 2022 (GLOBE NEWSWIRE) — Capital Bancorp, Inc. (NASDAQ: CBNK) (“Company”), the holding company of Capital Bank (“Bank”), announced today that its Board of Directors has declared a cash dividend on its common stock of $0.06 per share. The dividend is payable on August 24, 2022 to shareholders of record as of August 8, 2022. The Company also announced today that it had received a non-objection letter from the Federal Reserve Bank of Richmond to allow the Board to authorize management to repurchase its common stock. Under the new repurchase program, management is authorized to repurchase up to $10.0 million, or approximately 3.1% of the 14.0 million outstanding shares of the Company’s common stock. The program may be limited or terminated at any time without prior notice. The program will expire on December...

OTTAWA, July 25, 2022 (GLOBE NEWSWIRE) — Effective July 1, 2022, Westboro Mortgage Investment Fund has increased the monthly distribution per eligible Class F unit from $0.064/Unit to $0.066/Unit. This increase provides for a non-compounded annualized return of 7.92%, or if the investor opted to reinvest distributions (DRIP), a compounded annualized return of 8.21%. This is the fund’s third consecutive monthly increase to the investor distribution. The impressive performance of the Westboro Mortgage Investment Fund is a direct result of our long-standing and strong broker-client relationships; client-centric team culture; best-in-class underwriting practices; and an increasing interest rate environment. “We currently observe a healthy and robust alternative mortgage market. As referenced in the media recently, the increasing interest...

Sprague announces a cash distribution of $0.4338 per unit PORTSMOUTH, N.H., July 25, 2022 (GLOBE NEWSWIRE) — Sprague Resources LP (“Sprague” or the “Partnership”) (NYSE: SRLP) announced today that the Board of Directors of its general partner, Sprague Resources GP LLC (the “General Partner”), declared a cash distribution of $0.4338 per unit ($1.73 per unit on an annualized basis) for the quarter ended June 30, 2022, and is equal to the previous quarter’s distribution.   The announced distribution will be paid on Wednesday, August 10, 2022, to unitholders of record as of the close of business on Friday, August 5, 2022. As announced and described in our Form 8-K filing with the Securities and Exchange Commission on June 2, 2022, Sprague, and its general partner, Sprague Resources GP LLC, entered into an Agreement and Plan of Merger...