Latest news with #shareholderreturns
Globe and Mail
4 hours ago
- Business
- Globe and Mail
Western New England Bancorp, Inc. Announces Completion of 2024 Repurchase Plan
WESTFIELD, Mass., June 03, 2025 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the 'Company' or 'WNEB') (NasdaqGS: WNEB), the holding company for Westfield Bank (the 'Bank'), announced that on May 30, 2025, the Company completed all repurchases under its existing stock repurchase plan (the '2024 Repurchase Plan') at an average price per share of $8.79. The 2024 Repurchase Plan authorized the Company to repurchase a total of 1.0 million shares of the Company's common stock, or approximately 4.6% of the Company's then-outstanding shares of common stock. The Board of Directors authorized the 2024 Repurchase Plan on May 21, 2024. On April 22, 2025, the Board of Directors of the Company authorized a new stock repurchase plan, pursuant to which the Company may repurchase up to 1.0 million shares, or approximately 4.8% of the Company's outstanding shares of common stock, upon the completion of the 2024 Repurchase Plan. James C. Hagan, President and Chief Executive Officer, commented, 'We are pleased to announce the completion of our 2024 Repurchase Plan. We believe that share repurchases are a prudent use of the Company's capital and demonstrate our commitment to effectively manage the Company's capital levels, while increasing total shareholder returns through stock repurchases as well as cash dividends.' The Company may repurchase shares from time to time in open market transactions or through privately negotiated transactions at the Company's discretion or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The amount, timing and nature of any share repurchases will be based on a variety of factors, including the trading price of the Company's common stock, applicable securities laws restrictions, regulatory limitations and market and economic factors. The repurchase program may be modified, suspended or discontinued at any time, at the Company's discretion. About Western New England Bancorp, Inc. Western New England Bancorp, Inc. is a Massachusetts-chartered stock holding company and the parent company of Westfield Bank, CSB Colts, Inc., Elm Street Securities Corporation, WFD Securities, Inc. and WB Real Estate Holdings, LLC. Western New England Bancorp, Inc. and its subsidiaries are headquartered in Westfield, Massachusetts and operate 25 banking offices throughout western Massachusetts and northern Connecticut. To learn more, visit our website at Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to the Company's financial condition, liquidity, results of operations, future performance, and business. Forward-looking statements may be identified by the use of such words as 'believe,' 'expect,' 'anticipate,' 'should,' 'planned,' 'estimated,' and 'potential.' Examples of forward-looking statements include, but are not limited to, estimates with respect to our financial condition, results of operations and business that are subject to various factors which could cause actual results to differ materially from these estimates. Although we believe that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from the results discussed in these forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors discussed under the caption 'Risk Factors' in Western New England Bancorp's Annual Report on Form 10-K for the year ended December 31, 2024 and in its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025. We do not undertake any obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except to the extent required by law.
Yahoo
3 days ago
- Business
- Yahoo
Investing in Servcorp (ASX:SRV) five years ago would have delivered you a 204% gain
When you buy a stock there is always a possibility that it could drop 100%. But on the bright side, if you buy shares in a high quality company at the right price, you can gain well over 100%. For instance, the price of Servcorp Limited (ASX:SRV) stock is up an impressive 125% over the last five years. It's also up 15% in about a month. So let's assess the underlying fundamentals over the last 5 years and see if they've moved in lock-step with shareholder returns. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. Over half a decade, Servcorp managed to grow its earnings per share at 9.9% a year. This EPS growth is slower than the share price growth of 18% per year, over the same period. This suggests that market participants hold the company in higher regard, these days. That's not necessarily surprising considering the five-year track record of earnings growth. You can see below how EPS has changed over time (discover the exact values by clicking on the image). It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business. It might be well worthwhile taking a look at our free report on Servcorp's earnings, revenue and cash flow. As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. We note that for Servcorp the TSR over the last 5 years was 204%, which is better than the share price return mentioned above. This is largely a result of its dividend payments! It's good to see that Servcorp has rewarded shareholders with a total shareholder return of 46% in the last twelve months. And that does include the dividend. That gain is better than the annual TSR over five years, which is 25%. Therefore it seems like sentiment around the company has been positive lately. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Case in point: We've spotted 1 warning sign for Servcorp you should be aware of. If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: most of them are flying under the radar). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Australian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Forbes
4 days ago
- Business
- Forbes
The Basic Corporate Error Of Maximizing Shareholder Returns
Word dividends on calculator display. Payments to shareholders. Profit from trading securities. ... More Business concept. Finance revenue. 3d render Chief executives typically look to improve the fortunes of a company and returns to shareholders. Many take to heart the argument Milton Friedman made in a 1970 New York Times op-ed that the 'social responsibility of business is to increase its profits.' That has been further interpreted as meaning the responsibility to maximize return on investment to shareholders. The presumption has become the foundation of many arguments of what businesses should do, the degree of legal constraints that ought to be taken removed from their behavior, This is both legally incorrect and strategically troubling and mistaken. Experts in corporate governance have, across many years, tried to find a legal basis for the prescription. It has yet to appear. In the 2014 Supreme Court decision in 'Burwell, Secretary of Health and Huma Services, et. al. v. Hobby Lobby Stores,' the Court addressed whether a for-profit corporation could give money to religious causes. 'While it is certainly true that a central objective of for-profit corporations is to make money, modern corporate law does not require for-profit corporations to pursue profit at the expense of everything else, and many do not do so,' Justice Samuel Alito wrote for the Court. Corporate law and governance also recognize that a company's board and executives have duties to the company Are shareholders legally important in a corporate structure? Absolutely. They have rights and corporate law ensures them. The corporation has duties. Harvard Business School Professor Nien-hê Hsieh explains the concept of fiduciary duties to shareholders in an online course. 'Rather than require specific outcomes–such as achieving maximum share price–fiduciary duties are largely about conduct, process, and motivation,' she wrote. A company has the responsibility to provide relevant information about corporate performance, to act in good faith, to act with diligence and prudence. Corporate managers and boards are charged with strategy and operations for the company's benefit, shareholder's benefit being an offshoot just as profit is a result of intelligent business operation that makes customers happy. In basic calculus, math students learn that you cannot maximize for more than one variable at a time. That doesn't mean one factor cannot benefit while another does as well. However, the definition of maximization means that one thing requires precedence over others. Something has to come first; everything becomes subject to that desire. The tenet of shareholder interest maximization would require managers and boards to do things that were detrimental to the success of the company. They would need to consider shortchanging workers, business partners, and customers. Every decision would be based on how to extract more value from every source — actions that would ultimately turn every broader concept of stakeholder into enemies. Many of the best potential employees, partners, and customers would go elsewhere, a terrible outcome for a business. The maximization tenet also assumes that every shareholder has identical interests. This is far from true. It is perfectly possible for a company to have shareholders that vary widely in their investment strategies, like a Warren Buffett looking to hold shares for a long time and see the company develop, and a Carl Icahn who would be comfortable splitting a company up into parts and selling them off to get a quicker return. That's the irony of maximizing shareholder value, because it's impossible. Shareholders have different outlooks, want their investments to do different things, expect increased value through different ways. Why spend time defending and using something that makes no logical or legal sense?
Yahoo
27-05-2025
- Business
- Yahoo
Elis Capital Markets Day 2025
Elis Capital Markets Day 2025 - Uniquely positioned for profitable and sustainable growth A financial strategy focused on enhancing shareholder returns London, 27 May 2025 - Elis, the leading multi-service provider of circular rental solutions for textiles, hygiene and wellness products, is today hosting its 2025 Capital Markets Day in London. During the event, CEO Xavier Martiré and members of the senior leadership team will present the Group's strategic priorities and medium-term financial outlook. After a decade of accelerated development, Elis now operates in 31 countries and offers a resilient, high-margin business model designed to deliver sustainable growth at scale. Xavier Martiré, Chief Executive Officer of Elis, said: 'Our model has never been stronger: profitable, responsible, and proven across a growing number of markets. Over the past decade, Elis has established itself as a truly international platform, capable of delivering strong, resilient performance year after year. The next phase will see an acceleration in the rollout of this strategy, whose success now enables us to enhance returns to shareholders. With unmatched industrial and commercial know-how in our sector, and a proven ability to target and integrate value-creating acquisitions, Elis is ideally positioned to capitalise on the major trends driving growth across our key segments. Our focus in the coming years will be on further deploying this strategy while enhancing shareholder returns. Operational excellence, sustainability and financial discipline will remain the guiding principles behind everything we do.' Medium-term financial objectives Elis announces the following financial objectives for the coming years: Revenue growth of +5% to +6% per year at constant exchange rates, including about +4% organic growth and +1% to +2% from targeted bolt-on acquisitions Average annual EBITDA margin improvement of approximately +20 basis points EBITDA, EBIT, and EPS growth above revenue growth Around €1.5 billion of cumulative free cash flow over 2025–2028, representing a +35% increase compared with the preceding four years In parallel, Elis reaffirms the capital allocation policy announced on March 6, aimed at improving shareholder returns: €50–150 million per year allocated to targeted acquisitions Maintaining investment-grade status and continued deleveraging, limited to about -0.1x per year Remaining cash used primarily to enhance shareholder returns, firstly via the annual ordinary dividend, and then through share buybacks or payment of a special dividend Under this new framework, Elis in March announced a €150 million share buyback program, in addition to a €0.45 dividend per share, up 5% from the previous year. Elis's strategy is built on four key pillars: 1. Sustainable services and promotion of the circular economyElis's circular rental model is central to its value proposition, enabling both operational efficiency and environmental leadership. By controlling the entire product life cycle (selection, use, laundering, repair and recycling), Elis reduces waste, lowers natural resource consumption and supports clients' decarbonisation goals. In 2024, 69% of revenue was aligned with the EU taxonomy, the highest rate in the sector. Since 2007, Elis has reduced water use by 52%, energy by 48% and detergent consumption by 40% per kg of linen processed. The Group's Scope 1–3 carbon targets are validated by SBTi, and Elis is rated A by CDP and Platinum by Ecovadis. 2. Industrial and commercial excellenceElis operates a unique network of around 500 plants and distribution centres. Since 2007, industrial productivity has increased by +45% in flat linen and +58% in workwear, with an additional ~+2% expected annually through ongoing process optimisation. On the commercial side, reorganised field sales structures have accelerated growth in the SME segment. The strategy is supported by structural trends such as tighter hygiene standards, demographic shifts, tourism growth, service professionalisation and rising sustainability expectations. Innovation also plays a central role, from industrial automation and client digitalisation to the development of new offers in specialised segments. 3. Consolidation of existing positionsTaking France as its operational and commercial benchmark, Elis continues to reinforce its presence in key geographies by expanding its range of services to address fully the needs of its four major end markets. The strategy relies on a sales organization capable of serving clients of all sizes. To this end, Elis is also scaling high-value-added services such as Cleanroom and Pest Control, which together generated €320 million in revenue in 2024, with strong double-digit organic growth. This organic growth strategy is complemented by highly value-creating bolt-on acquisitions in existing geographies aimed at consolidating local positions, densifying the logistics network, and introducing new service lines. 4. Network expansionElis applies a disciplined, repeatable model of geographic diversification, entering and scaling in high growth-potential countries where rental-maintenance services are still underdeveloped. In Latin America, Elis has established itself as the undisputed leader. Brazil has achieved significant margin expansion since Elis entered the market just over a decade ago, driven by unmatched national coverage and a favourable outsourcing trend. Elis has since expanded to other countries in the region such as Mexico, where its expertise – unique among local players – has enabled the Group to lead in a fragmented and underdeveloped market. In Europe, the successful acquisition and integration of Berendsen added operations in 13 new countries and rebalanced Elis's product mix toward workwear. The UK turnaround, German network optimization, and robust development in Scandinavia have all contributed to the success of this expansion. In Asia, Malaysia hosts the Group's first regional Cleanroom platform. Looking ahead, Elis will continue to evaluate new geographic opportunities with the primary objective of creating value for shareholders. Event information The Capital Markets Day event will begin today at 11:30 CET / 10:30 BST. Hotel Nobu Portman Square - 22 Portman Square, London W1H 7BG A webcast will be available at the following link: The presentation materials will be available at the following links: and About Elis As the leader in circular services, thanks to a rental-maintenance model optimized by traceability technologies, Elis innovates every day. In its 31 countries, Elis meets the needs of its customers in terms of protection, hygiene, and well-being, while assisting them in achieving their environmental objectives. With unique operational know-how and a profitable organic growth profile, Elis creates sustainable value for its shareholders, customers, employees, and the environment. Contacts Nicolas BuronDirector of Investor Relations, Financing & TreasuryTel: + 33 (0)1 75 49 98 30 - Charline LefaucheuxInvestor Relations Tel: + 33 (0)1 75 49 98 15 - Disclaimer This press release may include data, information and statements relating to estimates, future events, trends, plans, expectations, objectives, outlook and other forward-looking statements relating to the Group's future business, financial condition, results of operations, performance and strategy as they relate to climate objectives, financial targets and other goals set forth therein. Forward-looking statements are not statements of historical fact and may contain the terms 'may', 'might', 'will', 'should', 'could', 'would', 'likely', 'continue', 'aims', 'estimates', 'envisions', 'projects', 'believes', 'intends', 'expects', 'plans', 'seeks', 'targets', 'thinks', or 'anticipates' or words of similar meaning. In addition, the term 'ambition' expresses an outcome desired by the Group, it being specified that the means to be deployed do not depend solely on the Group. Such forward-looking data, information and statements have not been audited by the statutory auditors. These forward-looking data, information and statements are based on data, assumptions and estimates available to the Group as of the date of this press release, and that the Group considers as reasonable as of the date of this press release and which, by nature, involve known and unknown risks and uncertainties. These data, assumptions and estimates may change or be adjusted as a result of uncertainties, some of which are outside the control of the Group, relating particularly to the economic, financial, competitive, regulatory or tax environment or as a result of other factors of which the Group is not aware on the date of this press release. In addition, the materialization of certain risks, especially those described in section 2.3 'Risk factors and internal control' of chapter 2 'Corporate governance' of the Universal Registration Document for the financial year ended December 31, 2024, which is available on Elis's website ( [ may have an impact on the Group's business, financial condition, results of operations, performance, and strategy, notably with respect to these climate-related objectives, financial objectives or other objectives included in this press release. Therefore, the actual achievement of climate-related objectives, financial targets and other goals set forth in this press release may prove to be inaccurate in the future or may differ materially from those expressed or implied in such forward-looking statements. The Group makes no representation and gives no warranty regarding the achievement of any climate objectives, targets and other goals set forth in this press release. Therefore, undue reliance should not be placed on such information and statements. This press release and the information included therein were prepared on the basis of data made available to the Group as of the date of this press release. Unless stated otherwise in this press release, this press release and the information included therein are accurate only as of the date of this press release. The Group assumes no obligation to update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise, except as required by applicable laws and regulations. This press release includes certain non-financial metrics, as well as other non-financial data, all of which are subject to measurement uncertainties resulting from limitations inherent in the nature and the methods used to determine them. These data generally have no standardized meaning and may not be comparable to similarly labelled measures used by other companies. The Group reserves the right to amend, adjust and/or restate the data included in this press release, from time to time, without notice and without explanation. The data included in this press release may be further updated, amended, revised or discontinued in subsequent publications, presentations and/or press releases of Elis, depending on, among other things, the availability, fairness, adequacy, accuracy, reasonableness or completeness of the information, or changes in applicable circumstances, including changes in applicable laws and regulations. This press release may include or refer to information obtained from or established on the basis of various third-party sources. Such information may not have been reviewed, and/or independently verified, by the Group and the Group does not approve or endorse such information by including them or referring to them. Accordingly, the Group does not guarantee the fairness, adequacy, accuracy, reasonableness or completeness of such information, and no representation, warranty or undertaking, express or implied, is made or responsibility or liability is accepted by the Group as to the fairness, adequacy, accuracy, reasonableness or completeness of such information, and the Group shall not be obliged to update or revise such information. Climate-related data and climate-related objectives included in this press release were neither audited nor subject to a limited review by the statutory auditors of the Group. Attachment Elis - CMD 2025 - Press release
Yahoo
26-05-2025
- Business
- Yahoo
Shareholders in Big River Industries (ASX:BRI) are in the red if they invested three years ago
In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But in any portfolio, there are likely to be some stocks that fall short of that benchmark. We regret to report that long term Big River Industries Limited (ASX:BRI) shareholders have had that experience, with the share price dropping 50% in three years, versus a market return of about 27%. It's worthwhile assessing if the company's economics have been moving in lockstep with these underwhelming shareholder returns, or if there is some disparity between the two. So let's do just that. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). Big River Industries saw its share price decline over the three years in which its EPS also dropped, falling to a loss. Extraordinary items contributed to this situation. Since the company has fallen to a loss making position, it's hard to compare the change in EPS with the share price change. However, we can say we'd expect to see a falling share price in this scenario. The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image). This free interactive report on Big River Industries' earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further. When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Big River Industries' TSR for the last 3 years was -40%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return. Investors in Big River Industries had a tough year, with a total loss of 13% (including dividends), against a market gain of about 11%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Longer term investors wouldn't be so upset, since they would have made 1.0%, each year, over five years. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. It's always interesting to track share price performance over the longer term. But to understand Big River Industries better, we need to consider many other factors. Take risks, for example - Big River Industries has 2 warning signs we think you should be aware of. If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Australian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
