FBR & Co.'s board OKs special $7.61 dividend

Posted May 19, 2017 4:32 pm by Comments

Investment bank FBR & Co. said late Friday its board of directors has declared a special cash dividend of $7.61 per common share. That special dividend is in connection with FBR’s merger with B. Riley Financial Inc. , announced in February, and it is contingent upon the closing of the merger. The dividend is payable June 1 to shareholders of record May 30. Shares of FBR were flat in after-hours trading after ending the regular session down 0.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

...[Read the Rest] Source: Marketwatch

Leave a Reply

Your email address will not be published. Required fields are marked *