Key Developments: Astoria Financial Corp (AF)
10.24USD
24 May 2013
$-0.03 (-0.24%)
$10.27
$10.19
$10.26
$10.19
54,384
615,103
$11.08
$8.36
Latest Key Developments (Source: Significant Developments)
Astoria Financial Corp Declares Quarterly Cash Dividend of $0.04 Per Share
Astoria Financial Corp announced that the Board of Directors of the Company, at its April 17, 2013 meeting, declared a quarterly common cash dividend of $0.04 per share. The dividend is payable on June 1, 2013 to shareholders of record as of May 15, 2013. Full Article
Astoria Financial Corp Completes Sale Of $135 Million Of Depositary Shares Representing Interests In Preferred Stock
Astoria Financial Corp announced the closing of its sale of 5,400,000 depositary shares, each representing a 1/40th interest in a share of its Series C Non-Cumulative Perpetual Preferred Stock, par value $1.00 per share and liquidation preference of $1,000 per share, at an offering price of $25.00 per depositary share, for gross proceeds of $135,000,000. The Company has also granted the underwriters a 30-day option to purchase up to an additional 600,000 depositary shares to cover over-allotments, if any, at the same price, for potential additional gross proceeds of $15,000,000. The Company expects to use the net proceeds of the offering for general corporate purposes, which may include, without limitation, subject to approval from the Board of Governors of the Federal Reserve, redemption of its 9.75% junior subordinated debentures, due November 1, 2029, as well as investments in Astoria Federal as regulatory capital and investments at the holding company level. Barclays Capital Inc., Raymond James & Associates, Inc. and RBC Capital Markets, LLC acted as joint book-running managers for the offering. J.P. Morgan Securities LLC, Credit Suisse (USA) Securities LLC, Sandler O'Neill + Partners, L.P. and Jefferies LLC acted as co-managers for the offering. Arnold & Porter LLP served as outside legal counsel to the Company. Hogan Lovells US LLP served as outside legal counsel to the underwriters. Full Article
Astoria Financial Corp Announces Pricing Of Public Offering Of $135 Million Of Depositary Shares Representing Interests In Preferred Stock
Astoria Financial Corp announced the pricing of an underwritten public offering of 5,400,000 depositary shares, each representing a 1/40th interest in a share of its Series C Non-Cumulative Perpetual Preferred Stock, par value $1.00 per share and liquidation preference of $1,000 per share, at an offering price of $25.00 per depositary share, for gross proceeds of $135,000,000. The Company has also granted the underwriters a 30-day option to purchase up to an additional 600,000 depositary shares to cover over-allotments, if any, at the same price, for potential additional gross proceeds of $15,000,000. Dividends will be payable on the Series C Preferred Stock when, as, and if declared by the board of directors of the Company, on a non-cumulative basis, on January 15, April 15, July 15 and October 15 of each year, beginning on July 15, 2013, at a rate of 6.50% per annum. The Offering is expected to close on or about March 19, 2013, subject to customary closing conditions. The Company intends to use the net proceeds for general corporate purposes, which may include, without limitation, subject to approval from the Board of Governors of the Federal Reserve, redemption of its 9.75% junior subordinated debentures, due November 1, 2029, as well as investments in Astoria Federal as regulatory capital and investments at the holding company level. Full Article
Astoria Financial Corp Declares Quarterly Cash Dividend of $0.04 Per Share
Astoria Financial Corp announced that the Board of Directors of the Company, at its January 23, 2013 meeting, declared a quarterly cash dividend of $0.04 per common share. The dividend is payable on March 1, 2013 to shareholders of record as of February 15, 2013. Full Article
Astoria Financial Corp Declares Quarterly Cash Dividend Of $0.04 Per Share
Astoria Financial Corp announced that the Board of Directors of the Company, at its October 17, 2012 meeting, has declared a quarterly cash dividend of $0.04 per common share. The dividend is payable on December 1, 2012 to shareholders of record as of November 15, 2012. Full Article
Astoria Financial Corporation Declares Quarterly Cash Dividend Of $0.04 Per Share
Astoria Financial Corporation announced that it has declared a quarterly cash dividend of $0.04 per common share. The dividend is payable on September 1, 2012 to shareholders of record as of August 15, 2012. Full Article
Astoria Financial Corporation Announces Resignation Of George L. Engelke, Jr. As Chairman And Appointment Of Ralph F. Palleschi As Non-Executive Chairman
Astoria Financial Corporation announced the resignation of George L. Engelke, Jr., 73, non-executive Chairman, from the Board of Directors of the Company and Astoria Federal, effective upon the close of business on June 20, 2012. The Company also announced that Ralph F. Palleschi, presiding director, has been appointed non-executive Chairman of both organizations, effective June 21, 2012. Full Article
Astoria Financial Corporation Completes Sale Of $250 Million Of Senior Notes
Astoria Financial Corporation announced the closing of its sale of $250 million aggregate principal amount of 5.000% Senior Notes due 2017. The Company expects to use the net proceeds of the offering to repay its 5.75% Senior Notes due 2012. Jefferies & Company, Inc. and Sandler O'Neill + Partners, L.P. acted as joint book-running managers for the offering. Barclays Capital Inc., Evercore Partners and RBC Capital Markets, LLC acted as co-managers for the offering. Arnold & Porter LLP served as outside legal counsel to the Company. Hogan Lovells US LLP served as outside legal counsel to the underwriters. Full Article
Astoria Financial Corporation Prices $250 Million, 5.00% Senior Notes Offering
Astoria Financial Corporation announced that it priced an underwritten public offering of $250 million of 5.00% Senior Notes due June 19, 2017. The Company expects to use the net proceeds from the offering to repay its 5.75% Senior Notes due 2012. Jefferies & Company, Inc. and Sandler O'Neill + Partners, L.P. are acting as joint book-running managers for the offering. Barclays Capital Inc., Evercore Partners and RBC Capital Markets, LLC are acting as co-managers. Arnold & Porter LLP served as outside legal counsel to the Company. Hogan Lovells US LLP served as outside legal counsel to the underwriters. Full Article
Astoria Financial Corporation Declares Quarterly Cash Dividend
Astoria Financial Corporation announced that Board of Directors of the Company, at its April 18, 2012 meeting, declared a quarterly cash dividend of $0.04 per common share. The dividend is payable on June 1, 2012 to shareholders of record as of May 15, 2012. Full Article
Fitch rates Astoria Financial Corporation's preferred issuance 'B'
March 15 - (The following statement was released by the rating agency) Fitch Ratings has assigned a 'B' rating to Astoria Financial Corporation's (AF) $135 million non-cumulative perpetual preferred issuance. Fitch's current Long-term Issuer Default Rating and Viability Rating (VR) for AF are 'BBB-' and 'bbb-', respectively; the Rating Outlook is Stable. The securities will bear an annual coupon of 6.50%, payable quarterly. The securities are perpetual but callable in 2018. The proc
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