The company also announced a supplemental dividend payment of 50 cents per share Wednesday, in addition to its regular payment of 25 cents, payable June 1.
The telecommunications group released earnings a day ahead of schedule late Wednesday, saying it would scrap the payment of remaining dividends and cancel share buybacks for this year, as profit dropped 14% in the second quarter.
At the moment, the lion's share of the payment model (for content) goes to the device maker.
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The dividend for the 2013 and 2014 financial years is to be adjusted to these plans, with a payment of 50 euro cents per dividend-bearing share planned for both years.
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As you swipe your credit card for lunch today, a few different players will take a piece of your payment before the sandwich shop gets its share.
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It is set up by an insolvency practitioner, who takes a share of the debt repayments by way of payment.
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In the cases in which Belmont is a lead plaintiff, it has said in court documents that it will not accept payment for serving as a representative party on behalf of its class beyond its share of any recovery.
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We're 72% of C2C market share, and we're the largest online payment.
The company said that the return of capital to holders will involve multiple steps, and could also include share repurchases in the open market, privately-negotiated transactions and the payment of dividends.
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Bank of America is clearly not in the mood to just stand by and watch as technology firms like Google, Square, PayPal and LevelUp eat into the market share of banks and credit card companies in the payments market with mobile payment offerings.
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These are a special type of share that pay a regular flat dividend in perpetuity, and which receive their payment in preference to the dividends paid out on ordinary shares.
Debit cards have gained market share in aggregate transaction volume at the expense of credit cards since they offer similar payment convenience and rewards benefits without the interest due on outstanding balances that is typical of credit cards.
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