Verizon Communications Inc. (NYSE:VZ) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -1.30% to $49.94. Verizon (VZ) declared that it is seizing the opportunity by building one of the largest 5G proving grounds in the world with collaboration from Cisco (CSCO). As a member of the Verizon 5G Technology Forum, Cisco will help Verizon drive 5G innovation around the network and provide services needed to help enable their joint enterprise and SMB consumers to receive the best connectivity experience that 5G can offer. The share price of VZ attracts active investors, as stock price of week volatility recorded 1.36%. The stock is going forward to its 52-week low with 9.70% and lagging behind from its 52-week high price with -9.46%.
Kindred Healthcare, Inc. (NYSE:KND) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 0.99% to close at $7.68 with the total traded volume of 211307 shares. Kindred Healthcare, Inc. (KND) disclosed that its BOD permitted payment of a cash dividend of $0.12 per common share to its common shareholders. The dividend will be paid on March 31, 2017 to common shareholders of record as of the close of business on March 13, 2017. The Kindred Board of Directors has determined that trading levels of the Company’s common stock do not sufficiently reflect the value of the Company’s quarterly cash dividend.
Following the payment of the quarterly cash dividend mentioned above, the Kindred Board of Directors has determined to discontinue the Company’s quarterly cash dividend on its common stock and redirect the funds to repay debt and invest in growth.Kindred also reported that its Board of Directors has authorized payment in cash of the slated March 1, 2017 installment payment of $18.75 per share of the Company’s Mandatory Redeemable Preferred Stock, Series A. The installment payment will be paid on March 1, 2017 to the preferred shareholders of record as of 5:00 p.m., New York City time, on February 15, 2017. The firm has institutional ownership of 95.20%, while insider ownership included 1.70%. Its price to sales ratio ended at 0.09. KND attains analyst recommendation of 3.20 with week’s performance of 5.56%.