Market Newsdesk

PHOENIX, Jan. 6, 2021 /PRNewswire/ — (NASDAQ: RDFN) — RedfinNow announced it has launched in the Phoenix metro area, giving homeowners a convenient new way to sell. RedfinNow is the iBuying service from Redfin (www.redfin.com), the technology-powered real estate brokerage. Sellers can request a cash offer for their home directly from RedfinNow and sell without the hassle of fixing up their homes or clearing out for open houses and private showings.

“RedfinNow provides a safe and convenient way for people to get a competitive cash offer for their home and sell without having to stress about getting their home ready or having strangers come through,” said Jason Aleem, vice president of RedfinNow. “In a red-hot housing market like Phoenix, RedfinNow is a great solution for people who need the cash from their current home to make a winning offer on their next. We let sellers choose their closing date, so they have the money to complete their purchase and only have to move once.”

RedfinNow complements Redfin’s full-service brokerage by giving sellers the option of either selling on the open market with a local Redfin agent or selling directly to RedfinNow. Redfin’s real estate agents, who have been helping clients buy and sell homes in Phoenix since 2010, provide a full-service offering for a listing fee as low as 1%. 

“Giving sellers the option to compare a cash offer with a brokered sale is part of our mission to redefine real estate in the consumer’s favor,” said Aleem. “For sellers who value convenience, certainty and speed, RedfinNow is often the best choice. Sellers who want to get top dollar at the lowest fee will often choose to list with a Redfin agent.”

To request a cash offer, homeowners simply visit www.redfin.com/now, type in their address to see if their home is eligible, and provide some basic information about their home. Sellers can pick their closing date between 10 and 60 days from accepting their offer.

Once RedfinNow owns a home, it makes updates and then lists the home for sale on the open market. Redfin makes it easy for buyers to safely tour RedfinNow listings without an appointment. Buyers can unlock the door of most RedfinNow homes with the Redfin app and self-tour seven days a week, from 8 am to 8 pm, with or without an agent.

Redfin makes it easy for buyers to safely tour RedfinNow-owned homes without having to contact an agent. Buyers can unlock the door of most RedfinNow listings with the Redfin app and self-tour seven days a week from 8 am to 8 pm, no appointment needed. RedfinNow listings also have an immersive 3D walkthrough that lets buyers explore homes online.

In late 2020, RedfinNow launched in San Francisco and Seattle. It is now available in every major metro area of California, including the Inland Empire, Los Angeles, Orange County, Palm Springs, Sacramento and San Diego, as well as several markets in Texas and Colorado.

To learn more about RedfinNow and to request an offer for your home, visit www.redfin.com/now.

About Redfin
Redfin (www.redfin.com) is a technology-powered residential real estate company, redefining real estate in the consumer’s favor in a commission-driven industry. We do this by integrating every step of the home buying and selling process and pairing our own agents with our own technology, creating a service that is faster, better and costs less. We offer brokerage, iBuying, mortgage, and title services, and we also run the country’s #1 nationwide brokerage website, offering a host of online tools to consumers, including the Redfin Estimate. We represent people buying and selling homes in over 90 markets in the United States and Canada. Since our launch in 2006, we have saved our customers over $800 million and we’ve helped them buy or sell more than 235,000 homes worth more than $115 billion.

For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin’s press release distribution list, email [email protected]. To view Redfin’s press center, click here.

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SOURCE Redfin

NEW YORK, Jan. 6, 2021 /PRNewswire/ — S&P Dow Jones Indices announced today that indicated dividend net changes (increases less decreases) for U.S. domestic common stocks increased $9.5 billionduring Q4 2020, compared to a decline of $2.3 billion in Q3 2020, and a gain of $10.6 billion in Q4 2019.

For Q4 2020, aggregate increases amounted to $13.9 billion, up 64.2% from the $8.4 billion increase of Q3 2020 and up 15.7%, from Q4 2019’s $12.0 billion. Aggregate dividend cuts decreased 59.8% to $4.3 billion from Q3 2020’s $10.8 billion in cuts, and was up 221% from the $1.3 billion in cuts for Q4 2019.

For 2020, the net dividend rate fell $40.5 billion, compared to a gain of $45.4 billion for 2019, as increases were $41.4 billion versus $56.6 billion, and decreases were $82.2 billion compared to $11.1 billion for 2019.  

“Many companies have stabilized their operations and sales and are returning cash flow to the dividend market,” said Howard Silverblatt, Senior Index Analyst at S&P Dow Jones Indices. Silverblatt continued, “some issues which had suspended their payments after the start of COVID, have resumed payments. The $13.9 billion in Q4 increases represented a 15.7% increase over the pre-COVID Q4 2019 period. For the year, the $82.2 billion in cuts and suspensions took their toll but now appear to have mostly abated as increases of $41.4 billion helped limit the damage. Looking ahead to 2021, absent a failure on the COVID treatment side, dividends should be impressive with the S&P 500 expected to post a new record payment.”

S&P 500 Dividends

On a per share basis, S&P 500 Q4 2020 dividend payments for the S&P 500 increased 4.8% to $14.64 from Q3 2020’s $13.97 and down 3.8% from Q4 2019’s $15.21 payment. On an aggregate basis, index components paid $121.6 billion in dividends in the quarter, up from $115.5 billion in Q3 2020 and down from $126.4 billion of Q4 2019.  For 2020, the index set a record payment of $58.28 per share, slightly up from the prior record of 2019’s $58.24, with an aggregate $483.2 billion to shareholders, compared to $485.5 billion.

Additional findings from S&P Dow Jones Indices’ quarterly analysis of U.S. dividend activity include:

Dividend Increases (defined as either an increase or initiation in dividend payments):

• 620 dividend increases were reported during Q4 2020 compared to 686 during Q4 2019, a 9.6% year-over-year decline.
• Total dividend increases were $13.9 billion for the period, up from $12.0 billion for Q4 2019.
• For the full 2020 period, 1,901 issues increased their payments, the lowest since 2010, compared to 2,381 issues for the prior period, a 20.2% decrease.
• Total dividend increases for 2020 were $41.4 billion for the year, down from $56.6 billion for 2019.

Dividend Decreases (defined as either a decrease or suspension in dividend payments):

• 57 issues decreased dividends during Q4 2020, compared to 74 during Q4 2019, a 23.0% year-over-year decrease.
• Dividend decreases were $4.3 billion for the period, down from $1.3 billion for Q4 2019.
• For the full 2020 period, 932 issues decreased their dividend payments, compared to 338 decreases during the prior period, a 176% increase.
• Dividend decreases were $82.2 billion for 2020, up from $11.1 billion for the prior period.

Non-S&P 500 domestic common issues (for issues yielding 10% or less):

• The percentage of non-S&P 500 domestic dividend-paying common issues decreased to 22.8% in Q4 2020, down from 23.4% in Q3 2020, and down from 28.0% in Q4 2019.
• The weighted indicate dividend yield for paying issues was 2.58% in Q4 2020, down from 2.76% in Q3 2020, and down from 3.30% for Q4 2019. The average indicated yield decreased to 2.98% for Q4 2020, down from Q3 2020’s 3.29%, and matching the 2.98% for Q4 2019.

Large-, Mid-, and Small-Cap Dividends:

• 385 issues, or 76.2%, within the S&P 500 currently pay a dividend, up from 383 in Q3 2020, as 27 of the 30 members of the Dow Jones Industrial Average^® pay a dividend.
• 60.0% of S&P MidCap 400^®issues now pay a dividend, up from 59.0% for Q3 2020; 46.9% of S&P SmallCap 600^®issues pay a dividend, up from 45.4% in Q3 2020. 
• Yields across market-cap sizes decreased from Q3 2020, as prices continued to set record highs. Large-cap yields decreased to 1.51% (1.68% for Q3 2020 and 1.86% for Q4 2019), mid-caps to 1.27% (1.55% for Q3 2020 and 1.68% for Q4 2019), and small-caps to 1.19% (1.47% for Q3 2020 and 1.56% for Q4 2019).
• The yields across dividend-paying market-size classifications were closer, but varied, with large-caps down to 2.06% (2.26% for Q3 2020 and 2.28 for Q4 2019), mid-caps at 2.20% (2.63% for Q3 2020 and 2.38% for Q4 2019) and small-caps at 2.44% (2.97% for Q3 2020 and 2.64% for Q4 2019). 

For more information about S&P Dow Jones Indices, please visit www.spdji.com.

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit: www.spdji.com.  

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SOURCE S&P Dow Jones Indices

CHICAGO, Jan. 6, 2021 /PRNewswire/ — The Boeing Company [NYSE: BA] will release its financial results for the fourth quarter of 2020 on Wednesday, January 27.

President and Chief Executive Officer David Calhoun and Executive Vice President of Enterprise Operations and Chief Financial Officer Greg Smith will discuss the results and company outlook during a conference call that day at 10:30 a.m. ET.

The event will be webcast at http://services.choruscall.com/links/ba210127.html

The event can also be accessed by dialing 1-877-692-8955 within the U.S. and by dialing 234-720-6979 outside of the U.S. The passcode for both is 8868170.

Individuals should check the webcast site prior to the session to ensure their computers can access the audio stream and slide presentation. Instructions for obtaining the required free downloadable software will be posted on the site.

The Boeing news release and presentation materials will be posted to the Investors section of www.boeing.com prior to the event.

Contact

Investor Relations: 312-544-2140
Communications: [email protected]

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SOURCE Boeing

THOMASVILLE, N.C., Jan. 6, 2021 /PRNewswire/ — Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its fourth quarter and year-end 2020 financial results before opening of trading on Thursday, February 4, 2021.  The Company will also hold a conference call to discuss its financial results and outlook at 10:00 a.m. (Eastern Time) on Thursday, February 4, 2021.

An online, real-time webcast of Old Dominion’s quarterly conference call will be available at www.odfl.com on Thursday, February 4, 2021, at 10:00 a.m. (Eastern Time). The online replay will be available at approximately 1:00 p.m. (Eastern Time) and continue for 30 days.  A telephonic replay of the call will also be available through February 12, 2021, at 719–457–0820, confirmation number 5798600.

Old Dominion Freight Line, Inc. is a leading, less-than-truckload (“LTL”), union-free motor carrier providing regional, inter-regional and national LTL services through a single integrated organization. Our service offerings, which include expedited transportation, are provided through an expansive network of service centers located throughout the continental United States.  Through strategic alliances, the Company also provides LTL services throughout North America.  In addition to its core LTL services, the Company offers a range of value-added services including container drayage, truckload brokerage and supply chain consulting.

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SOURCE Old Dominion Freight Line, Inc.

LOS ANGELES, Jan. 6, 2021 /PRNewswire/ — The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired Biogen, Inc. (“Biogen” or the “Company”) (NASDAQ: BIIB) securities between October 22, 2019 and November 6, 2020, inclusive (the “Class Period”). Biogen investors have until January 12, 2021to file a lead plaintiff motion.

If you are a shareholder who suffered a loss, click here to participate.

On October 22, 2019, the Company announced that it would seek regulatory approval from the U.S. Food and Drug Administration (“FDA”) for aducanumab “based on a new analysis, conducted by Biogen in consultation with the FDA, of a larger dataset from the Phase 3 clinical studies that were discontinued in March 2019 following a futility analysis.” According to Biogen, the new analysis “show[ed] that aducanumab is pharmacologically and clinically active as determined by dose-dependent effects in reducing brain amyloid and in reducing clinical decline as assessed by the pre-specified primary endpoint Clinical Dementia Rating-Sum of Boxes (CDR-SB).”

On November 6, 2020, Reuters reported that an FDA panel found it “cannot ignore unsuccessful trial data on Biogen Alzheimer’s drug.” The panel had also “voted that an earlier-stage study does not offer supportive evidence of Biogen’s application for the drug, aducanumab.”

On this news, the Company’s stock price fell $92.64 per share, or 28%, to close at $236.26 per share on November 9, 2020, thereby injuring investors.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the larger dataset did not provide necessary data regarding aducanumab’s effectiveness; (2) the EMERGE study did not and would not provide necessary data regarding aducanumab’s effectiveness; (3) the PRIME study did not and would not provide necessary data regarding aducanumab’s effectiveness; (4) the data provided by the Company to the FDA’s Peripheral and Central Nervous System Drugs Advisory Committee did not support finding efficacy of aducanumab; and (5) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased Biogen securities during the Class Period, you may move the Court no later than January 12, 2021to ask the Court to appoint you as lead plaintiff.  To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class.  If you purchased Biogen securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com.  If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

 

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SOURCE The Law Offices of Frank R. Cruz, Los Angeles