Orlando, FL -- (SBWIRE) -- 09/23/2013 -- 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 Darden Restaurants, Inc. (NYSE:DRI), Chimera Investment Corporation (NYSE:CIM).
Darden Restaurants, Inc. (NYSE:DRI) stock dropped 7.14% to $45.78. The company on Sept. 20 said its fiscal first-quarter earnings fell a worse-than-expected 37% as food, beverage and labor costs continued to rise and the company's biggest chain posted a significant drop in same-restaurant sales.
For the period ended Aug. 25, Darden reported a profit of $70.2 million, or 53 cents a share, down from $110.8 million, or 85 cents a share, a year earlier. Sales grew 6.1% to $2.16 billion, aided by the addition of 46 Yard House restaurants. Analysts were expecting a profit of 70 cents a share and sales of $2.2 billion.
Additionally, the company declared a quarterly dividend on September 20. Shareholders of record on Thursday, October 10th will be given a dividend of $0.55 per share on Friday, November 1st. This represents a $2.20 dividend on an annualized basis and a yield of 4.46%.
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Chimera Investment Corporation (NYSE:CIM) shares declined 0.66% to $3.03. The company on Sept. 3 announced that it has received an extension for continued listing and trading of the Company’s stock on the New York Stock Exchange (NYSE).
The extension granted by the NYSE, which is subject to review by the NYSE on an ongoing basis, provides the Company until January 31, 2014 to file its 2012 Annual Report on Form 10-K with the Securities and Exchange Commission. During the extension period, trading of the Company’s shares on the NYSE will remain unaffected.
Additionally, the Board of Directors of Chimera Investment Corporation (CIM) on August 23 declared the third quarter 2013 common stock cash dividend of $0.09 per common share. This dividend is payable October 31, 2013, to common shareholders of record on October 4, 2013. The ex-dividend date is October 2, 2013.
Is CIM going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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