Shares of Frontier Communications Corp (NASDAQ:FTR) ended Thursday session in red amid volatile trading. The shares closed down -0.04 points or -0.91% at $4.35 with 18.56 million shares getting traded. Post opening the session at $4.40, the shares hit an intraday low of $4.33 and an intraday high of $4.44 and the price vacillated in this range throughout the day. The company has a market cap of $4.93 billion and the numbers of outstanding shares have been calculated to be 1.17 billion shares.
Frontier Communications Corp (FTR) on August 29, 2016 announced that following a public hearing on August 25, the Town of Goshen approved Frontier’s franchise agreement to offer new video services to town residents. The Town of Goshen is the first municipality in New York state to approve a franchise for Frontier to offer video services in its community.
The franchise agreement will now be submitted to the New York Public Service Commission (NY PSC) for review. The NY PSC must issue a Certificate of Confirmation of Franchise before Frontier is authorized to provide service.
“We want to thank Town Supervisor Douglas Bloomfield and the Goshen Town Council for their leadership in establishing the Town of Goshen as the first in New York state to approve Frontier’s video franchise,” said Debbie Bogdanski, General Manager of Frontier’s New York South area. “This important step brings Frontier closer to being able to offer residents our exciting new video service as a competitively priced alternative to cable TV providers.”
Shares of Applied Materials, Inc. (NASDAQ:AMAT) ended Thursday session in green amid volatile trading. The shares closed up +0.72 points or 2.45% at $30.15 with 15.58 million shares getting traded. Post opening the session at $29.58, the shares hit an intraday low of $29.52 and an intraday high of $30.39 and the price vacillated in this range throughout the day. The company has a market cap of $32.36 billion and the numbers of outstanding shares have been calculated to be 1.08 billion shares.
Applied Materials, Inc. (AMAT) on Sept. 08, 2016 announced that its Board of Directors has approved a quarterly cash dividend of $0.10 per share payable on the company’s common stock. The dividend is payable on December 15, 2016 to shareholders of record as of November 25, 2016.