APCapital (ACAP) Tops Q3 EPS by 6c; Reaffirms FY09 Outlook; Raises Dividend
APCapital, Inc. (NASDAQ: ACAP) reports Q3 EPS of $0.91, 6 cents better than the analyst estimate of $0.85.
Reaffirm Annual Guidance for 2009: “If current trends in frequency, severity and pricing remain stable in our book of business throughout the remainder of 2009, we continue to believe that we should report operating earnings for 2009 of at least $3.45 per diluted share, as adjusted for the recent stock split,” said Clinton.
Also today, APCapital’s Board of Directors elected to increase its quarterly cash dividend by 9% to $0.09 per common share payable on December 31, 2009 to shareholders of record on December 11, 2009.
Reaffirm Annual Guidance for 2009: “If current trends in frequency, severity and pricing remain stable in our book of business throughout the remainder of 2009, we continue to believe that we should report operating earnings for 2009 of at least $3.45 per diluted share, as adjusted for the recent stock split,” said Clinton.
Also today, APCapital’s Board of Directors elected to increase its quarterly cash dividend by 9% to $0.09 per common share payable on December 31, 2009 to shareholders of record on December 11, 2009.
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