Worth Watching Trader’s Buzzers: SunTrust Banks, Inc. (NYSE:STI), Silver Standard Resources Inc. (USA) (NASDAQ:SSRI)

On Wednesday, Shares of SunTrust Banks, Inc. (NYSE:STI), added 5.57% and closed at $48.14 in the last trading session. The last trading range of the stock ranges between $46.47 and $48.51. The board of directors of SunTrust Banks, Inc. (STI) has declared a regular quarterly cash dividend of $0.26 per common share.  The dividend is payable on December 15, 2016, to shareholders of record at the close of business on November 30, 2016.

The board of directors also declared the following dividends payable in cash on December 15, 2016, to shareholders of record at the close of business on November 30, 2016:

a quarterly cash dividend of $1,011.11* per share on SunTrust’s Perpetual Preferred Stock, Series A;

a quarterly cash dividend of $1,011.11* per share on SunTrust’s Perpetual Preferred Stock, Series B;

a quarterly cash dividend of $1,468.75 per share on SunTrust’s Perpetual Preferred Stock, Series E; and

a semi-annual cash dividend of $2,812.50 per share on SunTrust’s Perpetual Preferred Stock, Series F.

Silver Standard Resources Inc. (USA) (NASDAQ:SSRI), jumped 9.61% and closed at $12.09 in the last trading session. The last trading range of the stock ranges between $11.68 and $12.79. The company’s Market capitalization is $1.42 Billion with the total Outstanding Shares of 119.35 million. Silver Standard Resources Inc. (SSRI) (SSO.TO) (“Silver Standard”) reports merged financial results for the third quarter ended September 30, 2016.

Paul Benson, President and CEO said, “In the third quarter of 2016 we demonstrated raised scale and healthy margin with our record quarterly production, among other operating records. We produced nearly 113,000 gold equivalent ounces at all-in sustaining costs of $940 per ounce, and have improved guidance at our Marigold and Pirquitas mines. Importantly, we continued to drive our Operational Excellence programs, which delivered tangible results at all operations, counting our updated five-year outlook at Marigold, a successful plant trial at Seabee and record production and quarterly throughput at Pirquitas.”

“We further strengthened our balance sheet, which boasts $278 million of cash and cash equivalents and $178 million of marketable securities. Our three cash-flowing mines generated $53 million of operating cash flow, while we continued investing in our future. We also demonstrated once again the value held within our project portfolio with our declared project sales in the latter part of the quarter. The team delivered solid results in the third quarter and we remain focused on generating shareholder value through all parts of our business going forward.”

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