Key Developments: Genworth MI Canada Inc (GMICF.PK)
24.90USD
10 May 2013
$1.27 (+5.38%)
$23.63
$24.89
$24.92
$24.89
2,000
752
$24.95
$16.45
Latest Key Developments (Source: Significant Developments)
Genworth MI Canada Inc Announces Dividend Payment In Second Quarter 2013
Genworth MI Canada Inc announced that it has authorized and declared a dividend of $0.32 per common share for the second quarter of 2013. This dividend will be paid on May 31, 2013, to shareholders of record at the close of business on May 15, 2013. Full Article
Genworth MI Canada Inc Declares Dividend
Genworth MI Canada Inc announced that its Board of Directors approved a dividend payment of $0.32 per common share, payable on March 1, 2013 to shareholders of record at the close of business on February 15, 2013. Full Article
Genworth MI Canada Inc Announces 10% Dividend Increase In Fourth Quarter 2012
Genworth MI Canada Inc announced that it has authorized and declared a dividend of $0.32 per common share from the prior quarter dividend of $0.29 per common share for the fourth quarter of 2012. This dividend represents a $0.03 increase per common share and will be paid on November 30, 2012, to shareholders of record at the close of business on November 15, 2012. Full Article
Genworth MI Canada Inc Announces Dividend for Third Quarter 2012
Genworth MI Canada Inc announced that it has authorized and declared a shareholder dividend of $0.29 per common share for the third quarter of 2012. This dividend will be paid on August 31, 2012, to shareholders of record at the close of business on August 15, 2012. Full Article
Genworth MI Canada Inc Declares Dividend
Genworth MI Canada Inc announced that its Board of Directors approved a dividend of $0.29 per common share, payable on June 1, 2012, to shareholders of record at the close of business on May 15, 2012. Full Article
Genworth MI Canada Inc Declares Dividend
Genworth MI Canada Inc announced that its Board of Directors approved a dividend of $0.29 per common share, payable on December 1, 2011, to shareholders of record at the close of business on November 15, 2011. This dividend payment represents an increase of 12% from its prior quarterly dividend of $0.26 per common share. In conjunction with the payment of the common share dividend on December 1, 2011, the Company will also pay a special dividend of $0.50 per common share to shareholders of record at the close of business on November 15, 2011. Full Article
Genworth MI Canada Inc Declares Dividend
Genworth MI Canada Inc announced that its Board of Directors approved a $0.26 per common share dividend, payable on September 1, 2011 to shareholders of record at the close of business on August 15, 2011. Full Article
Genworth MI Canada Inc Issues Q2 2011 Earnings Guidance
Genworth MI Canada Inc announced that for second quarter of 2011, it expects net income in the range of $81 million to $83 million or $0.77 to $0.79 per diluted common share (EPS) and net operating income of $80 million to $82 million or $0.76 to $0.78 per diluted common share. According to I/B/E/S Estimates, analysts were expecting the Company to report net profit of $83 million, EBIT of $121.24 million and EPS of $0.78 for second quarter of 2011. Full Article
Genworth MI Canada Inc Announces Completion Of Substantial Issuer Bid
Genworth MI Canada Inc announced that it has taken up and paid for 6,153,846 common shares at a price of CAD26.00 per common share under the Company's substantial issuer bid to repurchase up to CAD160 million of its common shares. The shares purchased represent approximately 5.87% of the common shares currently outstanding. Shareholders had the opportunity under the terms of the bid to tender shares until June 27, 2011 through a Dutch auction process, at a price of their choice between CAD26.00 and CAD29.00. The auction process was oversubscribed. As a result, shareholders who made an auction tender at a price of CAD26.00 had approximately 88.39% of their shares purchased by the Company. However, under the terms of the bid, odd lots submitted at or below that price were purchased in their totality and adjustments were made to avoid creation of fractional shares. Shareholders who made a proportional tender had 5.87% of their shares purchased by the Company. Payment and settlement will be effected by the Canadian Depository for Securities in accordance with its settlement procedures commencing on or about June 30, 2011. Full Article
Genworth MI Canada Inc Announces Preliminary Results Of Substantial Issuer Bid
Genworth MI Canada Inc announced the preliminary results of its substantial issuer bid to purchase for cancellation up to CAD160 million worth of its common shares. The offer to purchase expired at 5:00 p.m. EDT on June 27, 2011. The Company has determined that, in accordance with the terms of the bid, it expects to take up approximately 6.2 million shares at a purchase price of CAD26.00 per share. These shares represent approximately 5.87% of the common shares currently outstanding. After giving effect to the repurchase, the number of common shares outstanding would amount to approximately 98.6 million (undiluted). Under the terms of the bid, shareholders had the opportunity to tender shares, through a Dutch auction process, at a price of their choice between CAD26.00 and CAD29.00. More than 17.4 million common shares were validly tendered to the bid and not withdrawn pursuant to auction tenders, of which approximately 2.6 million shares are expected to be taken up and purchased. Since the bid was oversubscribed, shareholders who tendered shares pursuant to an auction tender will have the number of shares purchased prorated following the determination of the final results of the substantial issuer bid. The Company currently expects that shareholders who made an auction tender at CAD26.00 will have approximately 88% of their tendered shares purchased by the Company. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
