Apple Hospitality REIT (APLE)
The hotel-focused REIT’s board declared a regular monthly cash distribution of 10 cents per common share for the month of January 2016. The distribution is payable on Jan. 19 to shareholders of record as of Jan. 4. Based on a common stock closing price of $20.59 on Dec. 18, the annualized distribution of $1.20 per common share represents an annual yield of approximately 5.8 percent.
The used-vehicle retailer reported its third quarter earnings for 2015. Net earnings for the quarter that ended Nov. 30 totaled $128.2 million, down from $130 million the same three months of 2014. Year-to-date earnings totaled $482.4 million, up from $454.2 million the same time last year.
Eastern Virginia Bankshares (EVBS)
Director Boris Gutin purchased 3,500 shares in seven transactions at an average of $6.60 per share for a total of approximately $23,100. The shares were purchased on behalf of GCP Capital Partners and various related affiliates. GCP is a private equity firm that invested in the bank’s capital raise in 2013.
First Capital Bancorp (FCVA)
Interim CEO Bob Watts sent a letter to the bank’s customers regarding its pending deal to be acquired by Charlotte-based Park Sterling Bank. You can read the letter here.
Directors Yancey Jones and Gerald Yospin exercised options to each acquire 8,500 shares at $3.94 per share for a total for each of them at 33,490.
The packaging giant issued a proxy statement that listed compensations for top executives in fiscal year 2015. CEO Steven Voorhees received a total of $10.09 million, including $1.01 million in salary and $5.61 million in stock awards. Other compensations included option awards, non-equity incentive plan compensation and change in pension value and nonqualified deferred compensation earnings.