ARC Document Solutions: Continuing Strong Cash Flows Drive Increase in ARC Quarterly Cash Dividend
SAN RAMON, CA / ACCESSWIRE / February 16, 2021 / ARC Document Solutions, Inc. (NYSE:ARC) on Tuesday announced that its board of directors declared a quarterly cash dividend of $0.02 per share, increasing its previous dividend amount by 100%. The dividend is payable May 31, 2021 to shareholders of record as of April 30, 2021. The ex-dividend date will be April 29, 2021.
This is the second of four quarterly cash dividends planned for 2021 as previously announced on December 11, 2020. Based on the strength and consistency of our cash flows in 2020, we are pleased to announce a significant increase in our quarterly dividend program for 2021, and to reiterate our commitment to returning value to our shareholders, said Suri Suriyakumar, CEO of ARC.
By Reuters Staff
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(Reuters) - Gold and silver mutual funds and ETFs witnessed the biggest outflows in three months in the week ended Feb. 10 as investors put their money into soaring equities and high-yielding bond markets.
FILE PHOTO: Granules of 99.99 percent pure gold and silver are seen in glass jars at the Krastsvetmet non-ferrous metals plant, one of the world s largest producers in the precious metals industry, in the Siberian city of Krasnoyarsk, Russia November 22, 2018. REUTERS/Ilya Naymushin/File Photo
Investors net sold $1.4 billion in precious metal funds in the week ended Feb. 10, according to weekly data available for 338 precious metal funds on Refinitiv Lipper.
Deep-pocketed investors pumped a record $4.2 billion into big technology stocks last week, BofA's flow data showed on Friday, taking advantage of the slight pullback on Wall Street while retail traders were busy buying stocks such as GameStop.