Dominion (D)
Directors Helen Dragas, Michael Szymanczyk, Mark Kington and Pamela Royal each received 34 shares valued at $59.31 per share as part of a directors compensation plan.
Genworth (GNW)
Kevin Schneider, an executive vice president, acquired 5,000 shares at no cost through the vesting of previously awarded restricted shares.
Media General (MEG)
The company entered into a new credit agreement valued at $945 million. The company said the refinancing was made possible by its pending merger with Young Broadcasting and significantly lowers the cost of its debt. It expects the merger will result in cost savings of nearly $29 million for the combined company. As of March 31, 2013, Media General’s outstanding debt was $601 million, and Young’s was $132 million. RBC Capital Markets led the refinancing for Media General.
MeadWestvaco (MWV)
Richard Mears, chief information officer, sold a total of 3,000 shares in several transactions totaling approximately $106,000.
Universal Corp. (UVV)
The company declared a quarterly dividend of $0.50 per share of common stock, payable Nov. 12 to shareholders of record at the close of business on Oct. 15.
It also declared a quarterly dividend of $16.87 per share on its Series B Preferred Stock, payable Sept. 16, to shareholders of record as of 5 p.m. on Sept. 1.
Universal announced a joint venture to begin producing liquid nicotine. The deal with Avoca Inc. will allow it to try to capitalize on the growing electronic cigarette market. The two companies creatd AmericNic Inc. as part of the deal. It’s expected to begin production of liquid nicotine before the end of the year.
Xenith Bankshares (XBKS)
The parent of Xenith Bank said it has adopted a share repurchase program for the potential to buy back up to 210,000 shares of its common stock, or approximately 2 percent of its currently outstanding shares.
Dominion (D)
Directors Helen Dragas, Michael Szymanczyk, Mark Kington and Pamela Royal each received 34 shares valued at $59.31 per share as part of a directors compensation plan.
Genworth (GNW)
Kevin Schneider, an executive vice president, acquired 5,000 shares at no cost through the vesting of previously awarded restricted shares.
Media General (MEG)
The company entered into a new credit agreement valued at $945 million. The company said the refinancing was made possible by its pending merger with Young Broadcasting and significantly lowers the cost of its debt. It expects the merger will result in cost savings of nearly $29 million for the combined company. As of March 31, 2013, Media General’s outstanding debt was $601 million, and Young’s was $132 million. RBC Capital Markets led the refinancing for Media General.
MeadWestvaco (MWV)
Richard Mears, chief information officer, sold a total of 3,000 shares in several transactions totaling approximately $106,000.
Universal Corp. (UVV)
The company declared a quarterly dividend of $0.50 per share of common stock, payable Nov. 12 to shareholders of record at the close of business on Oct. 15.
It also declared a quarterly dividend of $16.87 per share on its Series B Preferred Stock, payable Sept. 16, to shareholders of record as of 5 p.m. on Sept. 1.
Universal announced a joint venture to begin producing liquid nicotine. The deal with Avoca Inc. will allow it to try to capitalize on the growing electronic cigarette market. The two companies creatd AmericNic Inc. as part of the deal. It’s expected to begin production of liquid nicotine before the end of the year.
Xenith Bankshares (XBKS)
The parent of Xenith Bank said it has adopted a share repurchase program for the potential to buy back up to 210,000 shares of its common stock, or approximately 2 percent of its currently outstanding shares.