Orlando, FL -- (SBWIRE) -- 10/21/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Sunedison Inc (NYSE:SUNE), People's United Financial, Inc. (NASDAQ:PBCT).
Sunedison Inc (NYSE:SUNE) shares increased 5.07% to $9.74. The company on Oct. 4 announced that on September 30, 2013, its wholly owned subsidiary, SunEdison Singapore, Pte. Ltd. (formerly known as MEMC Singapore Pte. Ltd.), and Gintech Energy Corporation ("Gintech"), have terminated a long-term solar wafer supply agreement.
Under the terms of the supply agreement, originally executed on October 25, 2006 and last amended on April 19, 2011, SunEdison was to supply Gintech with solar wafers for a 10-year period on a take or pay basis beginning in the second half of 2007. As part of the original supply agreement, Gintech advanced funds to SunEdison in the form of an interest-free loan or security deposit.
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People's United Financial, Inc. (NASDAQ:PBCT) stock declined 4.64% to $14.37. The company on Oct. 17 reported net income of $58.5 million, or $0.19 per share, for the third quarter of 2013, compared to $62.2 million, or $0.18 per share, for the third quarter of 2012, and $62.1 million, or $0.20 per share, for the second quarter of 2013. Operating earnings were $60.8 million, or $0.20 per share, for the third quarter of 2013, compared to $64.4 million, or $0.19 per share, for the third quarter of 2012, and $62.4 million, or $0.20 per share, for the second quarter of 2013.
Additionally, the Company's Board of Directors declared a $0.1625 per share quarterly dividend, payable November 15, 2013 to shareholders of record on November 1, 2013. Based on the closing stock price on October 16, 2013, the dividend yield on People's United Financial common stock is 4.4 percent.
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