Nathan's Famous Inc. (NATH, Financial)
Shares of Nathan's Famous Inc. (NATH, Financial)Â surged in extended-hours trading on Tuesday, following the announcement that its board of directors has authorized and declared a special cash dividend of $25.00 on each outstanding share of common stock and unvested restricted common stock, payable March 27, 2015, to shareholders of record as of March 20, 2015
Pursuant to NASDAQ rules, when a dividend is declared in a per share amount that exceeds 25% of a company's stock price, the date on which that company's shares will begin to trade without the dividend, or ex-dividend, is the first business day following the payable date.
NATH expects, in accordance with this rule, that the ex-dividend date as set by NASDAQ will be March 30, 2015, the first business day following the payable date for the dividend. NATH stockholders of record on the record date who sell their shares prior to the ex-dividend date will not receive the special cash dividend.
NATH urges stockholders to consult their tax advisor regarding the U.S. federal, state, local and foreign income and other tax consequences to them, in light of their particular investment or tax circumstances, of acquiring, holding and disposing of NATH common stock.
NATH operates in the foodservice industry and currently distributes its products in 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, the Cayman Islands and ten foreign countries through its restaurant system, foodservice sales programs and product licensing activities.
More about Nathan's Famous Inc. (NATH, Financial) at www.nathansfamous.com
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Covenant Transportation Group, Inc. (CVTI, Financial)
The price of Covenant Transportation Group, Inc. (CVTI, Financial)Â stock climbed more than 6% in after-hours trading on Tuesday, after the company said that it has experienced year-over-year improvements in its operating results for the two months ended February 28, 2015, and these improvements have continued into March.
For the first quarter 2015, CVTI expects consolidated earnings to be in the range of $0.24 to $0.30 per diluted share, compared to a consolidated loss of ($0.09) per diluted share. The forecast exceeds the Capital IQ Consensus Estimate of $0.15 per share for the period
According to CVTI, its outlook for the remainder of fiscal 2015 is increasingly more favorable.
CVTI is the holding company for several transportation providers that offer premium transportation services for customers throughout the United States.
More about Covenant Transportation Group, Inc. (CVTI, Financial) at www.covenanttransport.com
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New Jersey Resources Corp. (NJR, Financial)
After the closing bell on Tuesday, New Jersey Resources Corp. (NJR, Financial)Â reported an increase in guidance, due primarily to continued better-than-anticipated results at NJR Energy Services, NJR’s wholesale provider of physical natural gas services.
For fiscal 2015, NJR has raised its net financial earnings guidance to a split-adjusted range of $1.60 to $1.70 per basic share, from the previously announced range of $1.45 to $1.55 per basic share. NJR’s principal subsidiary New Jersey Natural Gas is expected to be the largest contributor, which has shown strong results.
NJR provides safe and reliable natural gas and clean energy services, including transportation, distribution and asset management.
More about New Jersey Resources Corp. (NJR, Financial) at www.njresources.com
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Crown Equity Holdings Inc. (CRWE, Financial)
CRWE provides marketing solutions that boost customer awareness and merchant visibility on the Internet. The company is currently developing its CRWE Network (www.CRWE-PR.com), a growing network of community targeted sites.
It has recently included San Marcos, California ( www.sanmarcos.crwe-pr.com ) into the CRWE Network.
San Marcos is a city in the North County section of San Diego County, California. It is home to the local campus of California State University (Cal State) and also to Palomar College.
The City of San Marcos had an estimated population in 2013 (U.S. Census Bureau) of 89,387, and represents an important marketplace for the CRWE Network, which business model is based on selling advertising to businesses targeting both locally and nationally.
The CRWE Network has reached the 1,487th community website in the U.S. and includes coverage in California, Mississippi, Michigan, Florida, Nevada and New York, as well as across 10 provinces in Canada.
The company’s division CRWE Tube (www.crwetube.com) is expected to be integrated in all the CRWE Network
More about Crown Equity Holdings Inc. (CRWE, Financial) at www.crownequityholdings.com
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