Content about Stock market

FRISCO, Texas — Specialty pharmacy provider Assured Pharmacy will reduce its stock through a reverse stock split, the company said Thursday.

The company, which trades on the pink sheets but seeks to eventually be listed on a larger exchange, announced that it had filed an amendment to its articles of incorporation whereby it would convert every 180 shares of stock to a single stock, reducing the total number of shares of outstanding common stock from 416,200,000 to 2,321,222, while reducing authorized shares of common stock from 3 billion to 16,666,667.

PITTSBURGH — GNC Holdings on Monday announced, in connection with its previously announced initial public offering, the underwriters have exercised in full their option to purchase from the selling stockholders an additional 3.375 million shares of Class A common stock.

ASHEVILLE, N.C. — The board of directors at regional supermarket chain Ingles Markets declared a cash dividend of 16.5 cents per share of Class A common stock and 15 cents per share on all its Class B common stock.

This is an annual rate of 66 cents and 60 cents per share, respectively. Dividends on both the Class A and Class B common stock are payable April 21, to all shareholders of record on April 7.

PLEASANTON, Calif. — Safeway's board of directors declared a regular quarterly cash dividend of 12 cents per share. The cash dividend will be payable on Jan. 13, 2011, to stockholders of record at the close of business on Dec. 23.

In related news, the retail chain's board also increased the authorized level of the company’s stock repurchase program by $1 billion to $7 billion. Through the end of third quarter 2010, Safeway repurchased approximately $5.2 billion of its stock and had approximately $800 million remaining under its stock repurchase program, Safeway said.

NEW YORK Revlon has announced a regular dividend on its Series A Preferred Stock, payable on Oct. 8, 2010, to holders at the close of business on Sept. 30.

The board of directors declared a regular dividend of $0.167434 per share on the Series A Preferred Stock for the period from July 8, 2010, through Oct. 8, 2010.