PDL BioPharma (PDLI) Declares $0.05 Quarterly Dividend; 6.1% Yield

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PDL BioPharma Announces First Quarter 2016 Financial Results

May 4, 2016 4:02 PM EDT

INCLINE VILLAGE, Nev., May 4, 2016 /PRNewswire/ -- PDL BioPharma, Inc. (PDL) (NASDAQ: PDLI) today reported financial results for the first quarter ended March 31, 2016 including:

Total revenues of $103.1 million for the first quarter of 2016. Non-GAAP diluted earnings per share (EPS) of $0.52 increased approximately 11 percent versus the same period in 2015. Non-GAAP net income increased 7 percent to $84.8 million. GAAP diluted EPS of $0.34 decreased by 32 percent compared to the same period of 2015. GAAP net income decreased by 34 percent to $55.9 million.

The... More

PDL BioPharma Announces 2016 Second Quarter Dividend

May 4, 2016 4:01 PM EDT

INCLINE VILLAGE, Nev., May 4, 2016 /PRNewswire/ -- PDL BioPharma, Inc. (NASDAQ: PDLI) today announced that its board of directors has declared a $0.05 per share dividend for the second quarter of 2016.  The cash dividend will be paid on June 13, 2016 to all stockholders who own shares of PDL on June 6, 2016, the record date for the second quarter dividend payment.

Stockholders desiring to purchase shares with rights to the dividend must ensure that their trades are executed prior to the "ex-dividend" date and settled prior to the record date. NASDAQ generally... More