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In 2Q16, $PLCE returned about $39MM to shareholders through repurchase of 454,711 shares and quarterly dividend of $0.20 per share. YTD, company returned about $86MM. At end 2Q16, about $192MM remained available for future repurchase. Also, BoD authorized a quarterly dividend of $0.20 per share payable Oct. 6 to holders of record on Sept. 16.
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.