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Transcontinental Inc. Announces Results for the Third Quarter of Fiscal 2024

HighlightsRevenues of $700.0 million for the quarter ended July 28, 2024; operating earnings of $69.2 million; and net earnings attributable to shareholders of the Corporation of $43.6 million ($0.50 per share). Adjusted operating earnings before depreciation and amortization(1) of $121.0 million for the quarter ended July 28, 2024; adjusted operating earnings(1) of $84.2 million; and adjusted net earnings attributable to shareholders of the Corporation(1) of $51.4 million ($0.60 per share). Growth in adjusted operating earnings before depreciation and amortization(1) of 12.1%, with an increase of 20.6% in the Packaging Sector and of 12.4% in the Retail Services and Printing Sector. Sale of a building for an amount of $7.1 million. Repurchase of 1.2 million shares during the quarter ended July 28, 2024, for a total consideration of $17.7...

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Omega Flex, Inc. Announces Regular Quarterly Dividend for the Third Quarter 2024

EXTON, Pa., Sept. 11, 2024 (GLOBE NEWSWIRE) — Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announced that the Board of Directors declared a regular quarterly dividend of $0.34 per share payable on October 8, 2024, to shareholders of record on September 26, 2024. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend. INFORMATION CONCERNING FORWARD-LOOKING STATEMENTS – This press release contains forward-looking statements, which are subject to inherent uncertainties which are difficult...

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One Liberty Properties Announces 127th Consecutive Quarterly Dividend

– Increased or Maintained Dividend for Over 30 Consecutive Years – GREAT NECK, N.Y., Sept. 11, 2024 (GLOBE NEWSWIRE) — One Liberty Properties, Inc. (NYSE: OLP) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.45 per share. The dividend is payable on October 2, 2024 to stockholders of record at the close of business on September 24, 2024, and represents One Liberty’s 127th consecutive quarterly dividend. One Liberty has increased or maintained its dividend for over 30 consecutive years. About One Liberty Properties, Inc: One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial properties. Many of these...

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Advent Convertible and Income Fund (NYSE: AVK) Announces Terms of Rights Offering and Declares October Distribution

NEW YORK, Sept. 10, 2024 (GLOBE NEWSWIRE) — The board of trustees (the “Board”) of Advent Convertible and Income Fund (NYSE: AVK) (the “Fund”) has approved the terms of the issuance of transferable rights (“Rights”) to the holders of the Fund’s common shares (the “Common Shareholders”) of beneficial interest, par value $0.001 per share (“Common Shares”), as of the record date, entitling the holders of those Rights to subscribe for Common Shares (the “Offer”). The Board, based on the recommendations and presentations of the Fund’s investment adviser, Advent Capital Management, LLC (“Advent” or the “Adviser”), and others, has determined that it is in the best interests of the Fund and the Common Shareholders to conduct the Offer and thereby to increase the assets of the Fund available for investment. In making this determination,...

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Genco Shipping & Trading Limited Enhances Dividend Policy to Increase Cash Distributable to Shareholders

Removes Drydocking Capex Line Item from Dividend Calculation NEW YORK, Sept. 10, 2024 (GLOBE NEWSWIRE) — Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced the removal of the drydocking capex line item from its formula used to calculate its quarterly dividend. This will increase the amount of cash available for distribution to shareholders beginning in the third quarter of 2024. The amount available for quarterly dividends is to be calculated based on the following updated formula, commencing in Q3 2024:       Dividend calculation    Net revenue    Less: operating expenses    Operating cash flow    Less: voluntary quarterly reserve    Cash flow distributable as dividends       The...

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AmpliTech Group Announces Pricing of $1.0 Million Registered Direct Offering, Priced At-The-Market

HAUPPAUGE, N.Y., Sept. 09, 2024 (GLOBE NEWSWIRE) — AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW) (the “Company”), a designer, developer, and manufacturer of state-of-the-art signal processing components for satellite, Public and Private 5G, and other communications networks, including the design of complete 5G/6G systems and a global distributor of packages and lids for integrated circuits assembly, today announced that it has entered into a securities purchase agreement with a single institutional investor to purchase 1,369,488 shares of common stock at an offering price of $0.7302 per share, in a registered direct offering priced at-the-market. The gross proceeds to the Company from the registered direct offering are estimated to be approximately $1.0 million before deducting the placement agent’s fees and other estimated offering...

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The Keg Royalties Income Fund announces September 2024 cash distribution

VANCOUVER, British Columbia, Sept. 09, 2024 (GLOBE NEWSWIRE) — The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) today announced that its September 2024 distribution of $0.0946 per unit has been declared and is payable to unitholders of record as at September 21, 2024. The September 2024 distribution will be paid on September 30, 2024. The Fund is a limited purpose, open-ended trust established under the laws of the Province of Ontario that, through The Keg Rights Limited Partnership, a subsidiary of the Fund, owns certain trademarks and other related intellectual property used by Keg Restaurants Ltd. (“KRL”). In exchange for use of those trademarks, KRL pays the Fund a royalty of 4% of gross sales of Keg restaurants included in the royalty pool. With approximately 10,000 employees, over 100 restaurants and annual system...

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Priority Income Fund Announces 11.7% Annualized Total Cash Distribution Rate (on Class R Offering Price) with “Bonus” and “Base” Common Shareholder Distributions for September through November 2024 and Declaration of Preferred Stock Distributions for September 2024

NEW YORK, Sept. 09, 2024 (GLOBE NEWSWIRE) — Priority Income Fund, Inc. (“Priority Income Fund” or the “Fund”) announced today that the Fund’s Board of Directors has declared monthly cash “base” and “bonus” common shareholder distributions for September 2024, October 2024 and November 2024. The annualized total cash distribution is $1.34016 per share (11.7% annualized rate for Class R and 12.6% annualized rate for Class I), for distributions with record dates between September 10, 2024 and November 5, 2024 based on the current Class R offering price of $11.43 per common share and the current Class I offering price of $10.66 per common share. The cash “base” distribution will have monthly record dates and will be payable monthly to common stockholders of record at the close of business each month. These declared distributions equal...

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Espey Increases and Declares Regular Quarterly Dividend of $0.25 Per Share

SARATOGA SPRINGS, N.Y., Sept. 09, 2024 (GLOBE NEWSWIRE) — The Board of Directors of Espey Mfg. & Electronics Corp. (NYSE AMERICAN: ESP) has declared a regular quarterly dividend of $0.25 per share, a 25% increase over the prior dividend. The dividend will be payable on September 27, 2024 to all shareholders of record on September 20, 2024. Espey’s primary business is the development, design, and production of specialized military and industrial power supplies/transformers. The Company can be found on the Internet at www.espey.com.   For further information, contact Ms. Katrina Sparano at invest@espey.com. Certain statements in this press release are “forward-looking statements” and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking...

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Shell plc Second Quarter 2024 Euro and GBP Equivalent Dividend Payments

SHELL PLC SECOND QUARTER 2024 EURO AND GBP EQUIVALENT DIVIDEND PAYMENTS September 9, 2024 The Board of Shell plc today announced the pounds sterling and euro equivalent dividend payments in respect of the second quarter 2024 interim dividend, which was announced on August 1, 2024 at US$0.344 per ordinary share. Shareholders have been able to elect to receive their dividends in US dollars, euros or pounds sterling. Holders of ordinary shares who have validly submitted US dollars, euros or pounds sterling currency elections by September 2, 2024 will be entitled to a dividend of US$0.344, €0.3102 or 26.15p per ordinary share, respectively. Absent any valid election to the contrary, persons holding their ordinary shares through Euroclear Nederland will receive their dividends in euros at the euro rate per ordinary share shown above. Absent...

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