Market Movers: KLA-Tencor Corp (NASDAQ:KLAC), Capital One Financial Corp. (NYSE:COF)

On Thursday, Shares of  KLA-Tencor Corp(NASDAQ:KLAC), added     0.81 % and closed at $71.79 in the last trading session. The last trading range of the stock ranges between $70.37 and $72.40. KLA-Tencor Corporation(R) (KLAC) recently declared that its board of directors has authorized a boost of the level of the company’s quarterly dividend from $0.52 to $0.54 per share. This increase is expected to take effect starting with KLA-Tencor’s quarterly dividend to be declared in November 2016. This represents a four percent increase contrast to the prior quarterly dividend, and is the eighth quarterly dividend increase since KLA-Tencor first instituted its dividend policy in April 2005.

“Recently’s dividend increase reflects the continued strength and sustainability of KLA-Tencor’s cash flow, our confidence in our business model, and our commitment to enhancing stockholder value,” said Rick Wallace, president and chief executive officer of KLA-Tencor.

Capital One Financial Corp.(NYSE:COF), dropped -0.90% and closed at $73.04 in the last trading session. The last trading range of the stock ranges between $72.39 and $73.75. The company’s Market capitalization is $37.89 Billion with the total Outstanding Shares of 505.92 Million. Capital One Financial Corporation (COF) recently declared that it has reached a 10-year program agreement to become the exclusive issuing partner of co-branded credit cards to Cabela’s customers.  This agreement will become effective concurrent with Bass Pro Shops’ completion of its projected acquisition of Cabela’s that also was declared recently.

“This partnership is an appealing planned and financial opportunity, and plays to our strengths in the retail card partnership space,” said Jimmy Cannon, Executive Vice President, Card Partnerships at Capital One. “Brand loyalty has been a hallmark for both Bass Pro Shops and Cabela’s and, together, we are looking forward to building on the strength of those relationships by providing customers with a rewarding experience.”

In connection with the Cabela’s credit card program, Capital One has reached a definitive agreement under which it will acquire the credit card operation from Cabela’s, counting about $5.2 billion in credit card receivables and other assets and about $5 billion in associated funding liabilities.

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