Dividends
Provided by: Pokerlistings.com
Dividends and Poker
When playing poker you receive rakeback from the poker
rooms. Meaning part of the poker room earnings go back to the players. Rakeback is a dividend from the poker room to the
player as a loyalty bonus for playing with them.
While Q3 Profits Slide at DISH Network (DISH), Investors Treated With Subscribers Gains and Special Dividend
DISH Network Corporation (Nasdaq: DISH) reported a 13 percent decline in net profit in the third quarter but gained subscribers.
The company showed third-quarter earnings of 41 cents per share, excluding special items, missing the market consensus of 44 cents. Revenue for the quarter was $2.89 billion, which compares to the estimate of $2.93 billion.
The nation's second-largest satellite television provider reported a net profit of $80.5 million, or 18 cents per share, falling 1.5 percent from the year-ago quarter results of $92 million, or 20 cents per share.
The company gained 241,000 new subscribers, driving the company's total users to 13.9 million.
Dish Network stated that it will award a special dividend of $2 per hare. the company did not give a reason for the special dividend.
Hampering Dish Network in the third quarter was the ongoing legal dispute between the Company and TiVo Inc (Nasdaq: TIVO). The lawsuit filed by TiVo, dealing with patent infringement regarding DVR technology, cost Dish Network $132 million in legal expenses in the third quarter.
TiVo has been awarded a total of $400 million so far in damages from the technology patent dispute.
Shares for Dish Network in current market movement are up 5.33 percent, to $20.16. TiVo shares are up 1.19 percent to $11.08.
Related Categories
DividendsEarnings
Stocks Mentioned
Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
