Turtle Beach Corp
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Consumer Discretionary : Household Durables | Small Cap Blend
Company profile

Turtle Beach Corporation is an audio technology company. The Company is engaged in developing, commercializing and marketing products under the Turtle Beach and HyperSound brands. Turtle Beach is a provider of headset solutions for use across multiple platforms, including video game and entertainment consoles, handheld consoles, personal computers, tablets and mobile devices. Turtle Beach headsets are distributed across North America, South America, Europe, the Middle East, Africa, Australia and Asia. HyperSound technology is an audio solution that provides a means of projecting sound in a directional manner, without use of speaker arrays, to a specific location creating a precise audio zone.


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Ford's stock falls as dividend likely to be suspended, analyst says

6:30 am ET March 19, 2020 (MarketWatch)

Shares of Ford Motor Co. (F) fell 2.7% in premarket trading Thursday, as Benchmark analyst Michael Ward said he expects the automaker to suspend its dividend in April. Ford pays a quarterly dividend of 15 cents a share, which based on Wednesday's closing price of $4.50 implies a dividend yield of 13.33%, compared with the yield for rival General Motors Co. (GM) of 9.05% and the implied yield for the S&P 500 of 2.54%. "The unlikely events and the financial impact from the coronavirus along with Ford's recent performance, in our view, will result in a suspension of the dividend at the Board meeting in early-April," Ward wrote in a note to clients. Ford and other automakers said this week that assembly plants would be closed (http://www.marketwatch.com/story/detroit-auto-makers-uaw-agree-on-partial-factory-shutdowns-due-to-outbreak-2020-03-17) as a result of the COVID-19 pandemic. Ford's stock has tumbled 43.8% over the past month through Wednesday, while the S&P 500 has shed 29.2%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

March 19, 2020 06:30 ET (10:30 GMT)

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