Harbinger Group Q4 Loss Narrows - Quick Facts

(RTTNews) - Harbinger Group Inc. (HRG) reported that its net loss attributable to common and participating preferred stockholders for the fourth quarter of fiscal 2014 was $6.3 million or $0.03 per share, narrower than $202.3 million or $1.45 per share in the year ago quarter.

Consolidated Operating income was $144.9 million compared to $205.4 million in the comparable quarter last year, an increase of 29.5%, due primarily to the impact of the lower investment gains affecting Insurance revenues.

Total Revenues for the quarter were $1.51 billion, up 8%, from $1.50 billion in the prior year period, as increased revenues from the Consumer Products, Asset Management and Corporate and Other segments more than offset declines in Insurance segment revenues, driven primarily by lower investment gains as compared to the Fiscal 2013 quarter, and modestly lower Energy revenues.

Spectrum Brands announced that its Board of Directors declared a quarterly dividend of $0.30 per share on Spectrum Brands' common stock. The newly-declared dividend, which is a regular taxable cash dividend, is payable on December 18, 2014 to all Spectrum Brands' stockholders of record as of the close of business on December 2, 2014.