The Company satisfied the Maryland Dividend Requirement
as of June 29, 2012.
6 million, before a small charge for a dividend requirement
in the 1997 quarter.
The after-tax contribution to Windstream's cash flow by the directory business is somewhat less and the effect of its loss on free cash flow will be mitigated by lower interest expense as well as a reduced dividend requirement
The conversion will reduce Comstock's annual preferred stock dividend requirement
This was before the dividend requirement
on the preferred stock or a loss of $485,062 or $0.
CONSOLIDATED CONDENSED EARNINGS SUMMARY For the 3 months ended December 31, 1996 1995 REVENUES 7,280,529 5,695,414 COST AND EXPENSES 7,227,594 5,752,338 PRETAX INCOME (LOSS) 52,935 (56,924) INCOME TAX EXPENSE (BENEFIT) 21,169 (21,180) NET EARNINGS (LOSS) 31,766 (35,744) PREFERRED STOCK DIVIDEND REQUIREMENT
30,547 29,100 NET EARNINGS (LOSS) APPLICABLE TO COMMON SHARES 1,219 (64,844)
Increased interest expense on working capital and financed capital equipment purchases and higher foreign income taxes reduced the operating income to a net loss of $1,193,000 before the preferred dividend requirement
Relative to its equity, NFI's sizable retained interest portfolio is a key earnings driver and source of liquidity to fund its operations and dividend requirement
The Board noted that the dividend requirement
over the next five years would be nearly $250 million.
Overall, the company's dividend requirement
will decrease, as the dividend savings resulting from the Series F call more than offset the increase in the common dividend, resulting in more cash available for other corporate purposes and greater financial flexibility.
Partially offsetting these strengths is AHL's operational concentration in credit insurance products, the challenges inherent in the credit insurance market and high dividend requirements
to Citigroup, Inc.
Net income (before dividend requirements
on preferred stock) for the 2005 third quarter was $820,629 compared to net income (before dividend requirements
on preferred stock) of $1,037,664 for the same period of 2004 due to a higher income tax expense in the current year and the benefit from a net operating loss carry-forward in the comparable quarter a year ago.