Companhia Energetica Minas Gerais (ADR) (NYSE: CIG) shares declined 4.08% to $10.98 in the early hour. The company announced that on December 20, 2012 its Board of Directors approved extraordinary dividends in the amount of BRL 1,600,000,000, corresponding to BRL 1.876492593 per share, to be paid in two installments. The first installment, of BRL 1,200,000,000, corresponding to BRL 1.407369445 per share, will be paid out until January 15, 2013 and the second one of BRl 400,000,000, corresponding to BRL 0.469123148 per share, will be paid out until June 30, 2013.
Central European Distribution Corp (NASDAQ: CEDC) shares declined 6.22% to $2.11. The company has rejected a proposal made by RTL and its principal equityholder, Mr. Tariko, to provide the Issuer with access to interim and permanent capital, to bolster the Issuer’s leadership, and to support its operational needs. The Proposal was conditioned on the Issuer promptly holding its long overdue 2012 annual stockholders’ meeting, nominating a slate for the Board of Directors of the Issuer which would include a majority satisfactory to RTL, and providing responsibility for operational and financial management to Mr. Tariko that would enable him to address the Issuer’s well known challenges.
PositiveID Corporation(OTC: PSID) stock dropped 4.76% to $0.0200. The company announced it has entered into a license agreement and a teaming agreement with The Boeing Company ("Boeing"), including a license fee to PositiveID of $2.5 million.
The license agreement provides Boeing the exclusive license to manufacture and sell PositiveID's M-BAND (Microfluidics-based Bioagent Networked Detector) airborne bio-threat detector for the U.S. Department of Homeland Security's ("DHS") BioWatch Generation 3 opportunity, as well as other opportunities (government or commercial) that may arise in the North American market.
Apollo Residential Mortgage Inc (NYSE:AMTG) stock dropped 3.64% to $20.10. The company has announced an ex-dividend date of December 27, 2012 and a cash dividend payment of $1.05 per share scheduled for January 31, 2013. Shareholders who purchased AMTG stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 23.53% increase over the prior quarter.
Radian Group Inc.(NYSE:RDN) shares climbed 0.53% to $5.67. Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc., announced that on December 20, 2012, Freddie Mac agreed to extend its approval of Radian Mortgage Assurance Inc. (RMAI), a wholly owned subsidiary of Radian Guaranty, as a limited eligible mortgage insurer for an additional one-year period that will expire on December 31, 2013. As previously disclosed, RMAI maintains a similar approval for the same time period from Fannie Mae.
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