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Dania Beach, Florida-headquartered Chewy operates a well-known e-commerce platform, marketing pet products, supplies as well as medications. Consumers have access to more than 2,000 brands and 45,000 items, including Chewy’s own brands. Its current market capitalization stands at $34 billion.
On March 30, Chewy announced robust Q4 and full-year metrics. The novel coronavirus pandemic provided tailwinds for the group’s sales, which reached $7.15 billion in FY20, up 47% year-over-year (YoY). During the year, this top player in the pet space registered 5.7 million new customers, or pet parents. Now it has more than 19 million shoppers. Quarterly net sales came at $2.04 billion, up 51% YoY. Investors were delighted to see an adjusted profit for the first time. They were expecting a loss as in previous quarters.
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Corning Announces Increase in Quarterly Dividend
Corning IncorporatedFebruary 3, 2021 GMT
CORNING, N.Y. , Feb. 03, 2021 (GLOBE NEWSWIRE) Corning Incorporated’s (NYSE: GLW) Board of Directors declared on Wednesday a quarterly dividend of $0.24 per common share, a 9% increase versus the company’s previous quarterly common stock dividend of $0.22. The 2021 first-quarter dividend will be payable on March 30, 2021, to shareholders of record on Feb. 26, 2021.
Tony Tripeny, executive vice president and chief financial officer, noted, “Our fundamental approach to capital allocation remains the same. We continue to focus our portfolio and utilize our financial strength. We generate strong operating cash flow, and we expect that to continue going forward. We will continue to use our cash to grow, extend our leadership, and reward shareholders. This dividend reflects Corning’s c