ADS - ADS STOCK NEWS

Alliance Data Systems Corporation (NYSE: ADS) has declared a quarterly cash dividend of $0.21 per share on its common stock. The dividend payment date is set for December 18, 2020, with stockholders of record as of November 13, 2020. Alliance Data is a provider of data-driven marketing and payment solutions, serving consumer-based industries globally.

Alliance Data Systems Corporation (NYSE: ADS) will hold a conference call on October 29, 2020, at 8:30 a.m. ET to discuss its Q3 2020 results. The call will feature Ralph Andretta, President and CEO, and Timothy King, CFO. Analysts can pre-register for dial-in details and the call will also be accessible via the internet on the company's website. A replay will be available post-call until November 12, 2020. Alliance Data provides data-driven marketing and payment solutions across various industries.

On October 1, 2020, Alliance Data Systems Corporation (NYSE: ADS) introduced its Enhanced Digital Suite, a collection of marketing and credit applications designed to improve customer acquisition and sales in the growing e-commerce sector. The suite offers a seamless integration, allowing for quick implementation within six weeks. This initiative aims to capitalize on the significant shift towards online shopping, which has seen a ten-year growth in just 90 days. The suite enhances the shopping experience by promoting payment options earlier in the customer journey.

Alliance Data Systems Corporation (NYSE: ADS) announced a proposed offering of $500 million in senior notes due 2026. The offering, subject to market conditions, aims to assist in repaying $493 million of existing term loans under its credit agreement. The senior notes will be unsecured obligations guaranteed by its domestic subsidiaries, paying interest semi-annually. Notably, the notes will not be registered under the Securities Act, limiting their sale in the U.S. This initiative indicates Alliance Data's strategic financial management amid current market conditions.

Alliance Data Systems Corporation (NYSE: ADS) released its Card Services performance metrics for the month and eight months ending August 31, 2020. The average receivables decreased by 13% year over year to $15.2 billion. Net charge-offs for August reached $81.8 million, representing 6.5% of average receivables. The delinquency rate improved to 4.5% from 5.6% the previous year. The changes reflect the impact of COVID-19 forbearance programs offered to cardholders, which may have influenced the delinquency metrics.

Alliance Data Systems Corporation (NYSE: ADS) provided a performance update for its Card Services segment as of July 31, 2020. Average receivables for July 2020 were $15.4 billion, a year-over-year decrease of 11%. Net charge-offs amounted to $92.1 million for the month, with a rate of 7.2% compared to 5.7% in July 2019. The delinquency rate improved to 4.7% from 5.5% in the previous year. These changes may reflect the impact of forbearance programs introduced due to the COVID-19 pandemic.

Alliance Data Systems Corporation (NYSE: ADS) reported its Card Services segment performance for June 2020. Key metrics include an average receivable of $15.6 billion, a year-over-year decline of 9%, and net charge-offs of $96 million in June, which is 7.4% of average receivables. The delinquency rate improved to 4.3% from 5.2% compared to June 2019. The company provided forbearance programs due to COVID-19, potentially affecting delinquency rates. The previous year's net charge-offs were $304.6 million, highlighting a significant reduction.

Alliance Data Systems Corporation (NYSE: ADS) announced it will hold a conference call on July 23, 2020, at 8:30 a.m. ET to discuss its second-quarter 2020 results. The call will be led by Ralph Andretta, President and CEO, alongside Timothy King, Executive Vice President and CFO. Investors can access the call via the company's website and will have accompanying slides. Alliance Data, a provider of data-driven marketing, loyalty, and payment solutions, operates globally and employs over 8,500 associates across more than 50 locations.

Alliance Data Systems Corporation (NYSE: ADS) provided a performance update on its Card Services segment for May 2020. The month ended with average receivables at $15,948,311, reflecting a 4% decline year-over-year. Net charge-offs totaled $105,946, leading to a charge-off rate of 8.0%, higher than 7.2% for the same month last year. Delinquency rates improved slightly to 4.8% from 5.0% in May 2019. The company also implemented forbearance programs in response to COVID-19, which may affect delinquency metrics.