Stocks to Watch – You On Demand Holdings, Meredith Corporation (NYSE:MDP), Lime Energy Co. (NASDAQ:LIME)
Meredith Corporation (NYSE:MDP) increased quarterly Dividend 6.1%. The Board of Directors on Saturday increased its regular quarterly dividend 6.1% to $0.4325 per share, or $1.73 on an annual basis. The new quarterly dividend will be payable on March 14, 2014, to shareholders of record on February 28, 2014. Meredith Corporation (NYSE:MDP) shares are currently trading at $44.25.
You On Demand Holdings, Inc. (NASDAQ:YOD) has announced that C Media and certain additional investors invested $19 million in the Company in exchange for Series E Convertible Preferred Stock. You On Demand Holdings, Inc. (NASDAQ:YOD)’s Media’s purchase of Series E Shares represents the second phase of C Media’s strategic investment in YOU On Demand. The aggregate amount of C Media’s investment in the Company, including its first phase investment, interim contribution, and second phase investment (together with the other purchasers of Series E Shares), is USD $25 million. You On Demand Holdings, Inc. (NASDAQ:YOD) shares fell -4.06% in current session and trading at $2.60
Lime Energy Co. (NASDAQ:LIME) raised $2 million through sale of convertible preferred stock. Lime Energy Co. (NASDAQ:LIME) has entered into a Preferred Stock and Warrant Purchase Agreement with Greener Capital Partners Fund II, L.P. , in which Lime agreed to sell Greener Capital 200,000 shares of its Series B Convertible Preferred Stock (the “Preferred Shares”) and warrants to purchase 282,686 shares of the Lime’s common stock at $2.83 per shares, for a total purchase price of $2 million. The Preferred Shares purchased by Greener Capital are entitled to an accruing dividend of 12.5% per annum of their original issue price, payable semi-annually in arrears. Lime Energy Co. (NASDAQ:LIME) shares in current session trading at $3.00.