Dividend News – Sonoran Weekly Review Business News Sat, 23 Apr 2016 00:18:13 +0000 en-US hourly 1 https://wordpress.org/?v=4.4.2 Delek Logistics Partners Boosts Quarterly Dividend 3.4% to $0.61/Share (NYSE:DKL) delek-logistics-partners-boosts-quarterly-dividend-3-4-to-0-61share-nysedkl/ delek-logistics-partners-boosts-quarterly-dividend-3-4-to-0-61share-nysedkl/#respond Sat, 23 Apr 2016 00:13:40 +0000 ?p=51172 Delek Logistics Partners (NYSE:DKL) said after-hours Friday it will distribute a quarterly dividend of $0.61 per share, up 3.4% from the prior quarterly distribution. The dividend is payable on May…

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Delek Logistics Partners (NYSE:DKL) said after-hours Friday it will distribute a quarterly dividend of $0.61 per share, up 3.4% from the prior quarterly distribution. The dividend is payable on May 13 to holders of record on May 5. Shares of the operator of crude oil-related logistics and marketing assets were inactive in recent after-hours. The stock closed in the lower half of the 52-week range of $21.84 to $48.46.

The stock increased 4.82% or $1.5 on April 22, hitting $32.65. About 49,432 shares traded hands or 9.17% up from the average. Delek Logistics Partners LP (NYSE:DKL) has declined 10.87% since September 16, 2015 and is downtrending. It has underperformed by 15.69% the S&P500.

Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products in the United States. It operates in two segments, Pipelines and Transportation, and Wholesale Marketing and Terminalling. The Pipelines and Transportation segment consists of assets, including pipelines and trucks, and ancillary assets that provide crude oil gathering and crude oil, intermediate and finished products transportation, and storage services primarily in support of the Tyler and El Dorado refineries, as well as offers crude oil and other products transportation services to third parties.

This segment operates approximately 400 miles of crude oil transportation pipelines; 366 miles of refined product pipelines; and approximately 600 miles of crude oil gathering and trunk lines with an aggregate of approximately 7.3 million barrels of active shell capacity. The Wholesale Marketing and Terminalling segment offers marketing, transporting, storing, and terminalling refined products and services to independent third parties. Delek Logistics GP, LLC serves as the general partner of the company. Delek Logistics Partners, LP was founded in 2012 and is headquartered in Brentwood, Tennessee.

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Willis Towers Watson to Retain Quarterly Cash Dividend of $0.48/Share (NASDAQ:WLTW) willis-towers-watson-to-retain-quarterly-cash-dividend-of-0-48share-nasdaqwltw/ willis-towers-watson-to-retain-quarterly-cash-dividend-of-0-48share-nasdaqwltw/#respond Sat, 23 Apr 2016 00:00:38 +0000 ?p=51166 Willis Towers Watson (NASDAQ:WLTW), a global advisory, broking and solutions company, declared a regular quarterly cash dividend of $0.48 per share for the quarter ended March 31, unchanged from the…

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Willis Towers Watson (NASDAQ:WLTW), a global advisory, broking and solutions company, declared a regular quarterly cash dividend of $0.48 per share for the quarter ended March 31, unchanged from the dividend paid in the previous quarter. The dividend is payable on or about July 15 to shareholders of record at the close of business on June 30. Shares of the London, U.K.-based company closed up 0.6% at $123.79 on Friday, expanding gains over the past three months to 11%.

The stock increased 0.63% or $0.78 during the last trading session, hitting $123.79. About 695,352 shares traded hands. Willis Towers Watson PLC (NASDAQ:WLTW) has risen 6.00% since March 24, 2016 and is uptrending. It has outperformed by 1.18% the S&P500.

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. The company operates through four business segments: Corporate Risk and Broking; Exchange Solutions; Human Capital and Benefits; and Investment, Risk, and Reinsurance.

It designs and delivers solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Willis Towers Watson Public Limited serves multinational corporations, middle-market companies in various industries, public institutions, and individual clients. The company was formerly known as Willis Group Holdings Public Limited Company and changed its name to Willis Towers Watson Public Limited Company in January 2016. Willis Towers Watson Public Limited Company was founded in 1828 and is based in London, the United Kingdom.

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Holly Energy Partners Raises Quarterly Dividend 1.8% to $0.575/Share (NYSE:HEP) holly-energy-partners-raises-quarterly-dividend-1-8-to-0-575share-nysehep/ holly-energy-partners-raises-quarterly-dividend-1-8-to-0-575share-nysehep/#respond Fri, 22 Apr 2016 23:54:14 +0000 ?p=51163 Holly Energy Partners (NYSE:HEP) said after-hours Friday it will distribute a quarterly cash dividend of $0.575 per share, up 1.8% from the prior quarterly distribution. The owner and operator of…

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Holly Energy Partners (NYSE:HEP) said after-hours Friday it will distribute a quarterly cash dividend of $0.575 per share, up 1.8% from the prior quarterly distribution. The owner and operator of crude pipeline and storage tanks said the dividend is payable on May 13 to holders of record on May 2. HEP was inactive in recent after-hours, after closing in the upper end of the 52-week range of $21.44 to $36.40.

The stock increased 0.63% or $0.22 on April 22, hitting $34.89. About 95,763 shares traded hands. Holly Energy Partners, L.P. (NYSE:HEP) has risen 14.73% since September 16, 2015 and is uptrending. It has outperformed by 9.91% the S&P500.

Holly Energy Partners, L.P. owns and operates petroleum product and crude pipelines, storage tanks, distribution terminals, and loading rack facilities. The companyÂ’s pipeline assets include approximately 810 miles of refined product pipelines that transport gasoline, diesel, and jet fuel from New Mexico to Texas, New Mexico, Arizona, Utah, and northern Mexico; approximately 510 miles of refined product pipelines that transport refined products from Texas to Oklahoma; three 65-mile pipelines that transport intermediate feedstocks and crude oil from Lovington, New Mexico to Artesia, New Mexico; approximately 940 miles of crude oil trunk, gathering, and connection pipelines located in West Texas, New Mexico and Oklahoma. Its pipeline assets also consists of approximately 8 miles of refined product pipelines that support Woods Cross refinery in near Salt Lake City, Utah; gasoline and diesel connecting pipelines located at Tulsa East refinery facility; 5 intermediate product and gas pipelines between Tulsa east and west refineries; and crude receiving assets located at Cheyenne refinery, as well as 427-mile refined products pipeline from Woods Cross, Utah to Las Vegas, Nevada. The companyÂ’s refined product terminals and refinery tankage assets comprises three refined product terminals located in Moriarty and Bloomfield, New Mexico, as well as Tucson, Arizona; one refined product terminal located in Spokane, Washington; one refined product terminal near Mountain Home, Idaho; two refined product terminals located in Wichita Falls and Abilene, Texas; a refined product loading rack facility; on-site crude oil tankages at Navajo, Woods Cross, Tulsa, and Cheyenne refineries; on-site refined and intermediate product tankages at Tulsa, Cheyenne, and El Dorado refineries; eleven crude oil tanks that primarily serves the HFC El Dorado refinery; and pipeline terminals in Cedar City, Utah, as well as Las Vegas, Nevada. The company was founded in 2004 and is based in Dallas, Texas.

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Park National Q1 EPS Misses, Revenues Shy of Expectations (NYSEMKT:PRK) park-national-q1-eps-misses-revenues-shy-of-expectations-nysemktprk/ park-national-q1-eps-misses-revenues-shy-of-expectations-nysemktprk/#respond Fri, 22 Apr 2016 23:47:41 +0000 ?p=51160 Park National (NYSEMKT:PRK) reported after-hours lower-than-expected Q1 earnings on slightly higher revenues that just missed forecasts compiled by Capital IQ. Q1 net income was $18.7 million or $1.21 per share,…

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Park National (NYSEMKT:PRK) reported after-hours lower-than-expected Q1 earnings on slightly higher revenues that just missed forecasts compiled by Capital IQ. Q1 net income was $18.7 million or $1.21 per share, down slightly from $19.0 million or $1.23 per share a year earlier and falling short of the $1.31 per share consensus. Revenues expressed as net interest income plus non-interest income was $77.2 million, up from $74.4 million in the year-ago period but shy of the $77.7 million average of two analysts. The bank holding firm declared an unchanged quarterly cash dividend of $0.94 per share, payable on June 10 to holders of record on May 20. Shares were inactive in recent after-hours, after closing in the upper half of the 52-week range of $79.01 to $104.58.

The stock increased 0.47% or $0.43 during the last trading session, hitting $92.88. About 14,420 shares traded hands. Park National Corporation (NYSEMKT:PRK) has risen 6.77% since September 16, 2015 and is uptrending. It has outperformed by 1.95% the S&P500.

Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in Ohio and Northern Kentucky. It offers deposits for demand, savings, and time accounts; trust and wealth management services; cash management services; safe deposit operations; electronic funds transfers; Internet and mobile banking solutions with bill pay service; credit cards; and various additional banking-related services for individual customers.

The company also provides commercial loans, including financing for industrial and commercial properties, financing for equipment, inventories and accounts receivable, acquisition financing, and commercial leasing, as well as for consumer finance companies; commercial real estate loans, including mortgage loans to developers and owners of commercial real estate; consumer loans, such as automobile loans and leases and home equity lines of credit; and residential real estate and construction loans, as well as installment loans and commercial leasing. In addition, it offers consumer finance, aircraft financing, and asset management businesses. As of December 31, 2015, the company operated 116 banking offices and a network of 140 automated teller machines. Park National Corporation was founded in 1908 and is based in Newark, Ohio.

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Littelfuse Approves New 1 Mln Share Buyback, Holds Dividend at $0.29/Share (NASDAQ:LFUS) littelfuse-approves-new-1-mln-share-buyback-holds-dividend-at-0-29share-nasdaqlfus/ littelfuse-approves-new-1-mln-share-buyback-holds-dividend-at-0-29share-nasdaqlfus/#respond Fri, 22 Apr 2016 23:36:54 +0000 ?p=51155 Littelfuse (NASDAQ:LFUS) approved a share repurchase program, effective May, 1 to buy back up to 1 million shares through April 30, 2017. The existing authorization had 650,000 shares remaining as…

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Littelfuse (NASDAQ:LFUS) approved a share repurchase program, effective May, 1 to buy back up to 1 million shares through April 30, 2017. The existing authorization had 650,000 shares remaining as of Jan. 2 and expires on April 30. Littelfuse will pay an unchanged dividend of $0.29 per share on June 9 to investors on record by May 26. LFUS was unchanged after-hours, moving in a 52-week range of $82.53 to $124.59.

The stock increased 1.07% or $1.27 during the last trading session, hitting $120.15. About 95,261 shares traded hands. Littelfuse, Inc. (NASDAQ:LFUS) has risen 26.55% since September 16, 2015 and is uptrending. It has outperformed by 21.73% the S&P500.

Littelfuse, Inc. designs, manufactures, and sells circuit protection devices for use in the automotive, electronics, and industrial markets worldwide. It operates through three segments: Electronics, Automotive, and Industrial. The Electronics segment provides fuses and protectors, positive temperature coefficient resettable fuses, varistors, polymer electrostatic discharge suppressors, discrete transient voltage suppression (TVS) diodes, TVS diode arrays and protection thyristors, gas discharge tubes, power switching components and fuseholders, reed switch and sensor assemblies, blocks, and related accessories. The segment markets its products under the PICO II and NANO2 SMF brands to the manufacturers of mobile phones, computers, LCD TVs, telecommunications equipment, medical devices, lighting products, and white goods.

The Automotive segment provides blade and high current fuses, battery cable protectors, and varistors. This segment markets its products under the ATO, MINI, MIDI, MEGA, Masterfuse, JCASE, and CablePro brands to the automotive original equipment manufacturers and parts distributors of passenger automobiles, trucks, buses, and off-road equipment; and sells its fuses in the automotive replacement parts market. The Industrial segment offers power fuses and other circuit protection devices for use in commercial and industrial buildings, as well as large equipment, such as HVAC systems, elevators, and machine tools for industrial and commercial customers. The company also provides a line of electromechanical and electronic switch and control devices for commercial and specialty vehicles; and sensors for automobile safety systems, as well as protection relays and power distribution centers for the safe control and distribution of electricity. Littelfuse, Inc. sells its products through distributors, direct sales force, and manufacturersÂ’ representatives. The company was founded in 1927 and is headquartered in Chicago, Illinois.

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Sensient Technologies Maintains $0.27 Quarterly Dividend (NYSE:SXT) sensient-technologies-maintains-0-27-quarterly-dividend-nysesxt/ sensient-technologies-maintains-0-27-quarterly-dividend-nysesxt/#respond Fri, 22 Apr 2016 23:34:43 +0000 ?p=51154 Sensient Technologies (NYSE:SXT) said after-hours Friday it will distribute an unchanged quarterly cash dividend of $0.27 per share, payable on June 1 to holders of record on May 6. Shares…

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Sensient Technologies (NYSE:SXT) said after-hours Friday it will distribute an unchanged quarterly cash dividend of $0.27 per share, payable on June 1 to holders of record on May 6. Shares of the maker of fragrances and flavors were inactive in early after-hours, after closing in the upper end of the 52-week range of $52.69 to $70.53.

The stock increased 0.40% or $0.27 during the last trading session, hitting $67.81. About 212,473 shares traded hands or 5.25% up from the average. Sensient Technologies Corporation (NYSE:SXT) has risen 4.81% since September 16, 2015 and is uptrending. It has underperformed by 0.01% the S&P500.

Sensient Technologies Corporation manufactures and markets colors, flavors, and fragrances in the United States and internationally. The company operates through two segments, Flavors & Fragrances Group, and Color Group. The Flavors & Fragrances Group segment develops, manufactures, and supplies systems products, including flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and aroma chemicals; chili powder; paprika; chili pepper; and dehydrated vegetables comprising parsley, celery, and spinach.

This segment sells its products to the food, beverage, personal care, and household-products industries. The Color Group segment develops, manufactures, and supplies natural and synthetic color systems for use in foods, beverages, and pharmaceuticals; colors and other ingredients for cosmetics, such as active ingredients, solubilizers, and surface treated pigments; pharmaceutical excipients, such as colors, flavors, and coatings; specialty inks; and technical colors for industrial applications. This segment sells products under the Sensient Food Colors, Sensient Pharmaceutical Coating Systems, Sensient Cosmetic Technologies, Sensient Inks, and Sensient Industrial Colors trade names. The company was founded in 1882 and is headquartered in Milwaukee, Wisconsin.

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Western Gas Partners Says Q1 Cash Distribution of $0.815 Per Unit Jumps 12% From Year Ago; Shares Decline (NYSE:WES) western-gas-partners-says-q1-cash-distribution-of-0-815-per-unit-jumps-12-from-year-ago-shares-decline-nysewes/ western-gas-partners-says-q1-cash-distribution-of-0-815-per-unit-jumps-12-from-year-ago-shares-decline-nysewes/#respond Fri, 22 Apr 2016 22:39:21 +0000 ?p=51129 Western Gas Partners, LP (NYSE:WES) said its board declared a Q1 cash distribution of $0.815 per unit, representing a 2% sequential increase and 12% jump from a year ago. Shares…

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Western Gas Partners, LP (NYSE:WES) said its board declared a Q1 cash distribution of $0.815 per unit, representing a 2% sequential increase and 12% jump from a year ago. Shares slipped slightly. The dividend is payable May 13 to unitholders of record at the close of business May 2, according to a statement Friday. Western Gas Equity Partners (WGP) also said its board declared a quarterly cash distribution of $0.42375 per unit for Q1. This represents a 5% increase over the prior quarter and a 24% surge over a year earlier.

The dividend is payable May 22 to unitholders of record at the close of business May 2. The partnerships plan to report their Q1 results after the market closes on May 3. Management will host a conference call on May 4 at 11 a.m. CDT (12 p.m. EDT). Western Gas Partners shares trade in the upper half of their 52-week price range of $25.40 – $74.30.

The stock increased 0.46% or $0.23 during the last trading session, hitting $49.83. About 269,234 shares traded hands. Western Gas Partners, LP (NYSE:WES) has declined 4.63% since September 16, 2015 and is downtrending. It has underperformed by 9.45% the S&P500.

Western Gas Partners, LP acquires, develops, owns, and operates midstream energy assets in the Rocky Mountains, the Mid-Continent, North-central Pennsylvania, and Texas. It is involved in gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil. Western Gas Holdings, LLC serves as the general partner of Western Gas Partners, LP. The company was founded in 2007 and is headquartered in The Woodlands, Texas. Western Gas Partners LP operates as a subsidiary of Anadarko Petroleum Corporation.

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H&E Equipment Services Starts Consent Solicitation to Holders of 7% Senior Notes Due 2022 (NASDAQ:HEES) he-equipment-services-starts-consent-solicitation-to-holders-of-7-senior-notes-due-2022-nasdaqhees/ he-equipment-services-starts-consent-solicitation-to-holders-of-7-senior-notes-due-2022-nasdaqhees/#respond Fri, 22 Apr 2016 22:10:26 +0000 ?p=51116 H&E Equipment Services (NASDAQ:HEES) said it commenced a consent solicitation for its 7% senior notes due 2022 to obtain approval of a proposed amendment to the indenture, dated August 20,…

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H&E Equipment Services (NASDAQ:HEES) said it commenced a consent solicitation for its 7% senior notes due 2022 to obtain approval of a proposed amendment to the indenture, dated August 20, 2012. The amendment will provide for a dividend basket of $50 million per calendar year, with the unused amount in any calendar year being carried over to succeeding calendar years under the restricted payments covenant of the indenture, according to a statement Friday. Under the terms of the indenture, the company may only pay dividends if it meets the conditions set forth in, and has availability under, the “grower” basket — generally out of earnings, proceeds of equity sales or similar exogenous sources — or if there is availability under one of the other baskets under the indenture. Shares trade in the upper half of their 52-week range of $17.91 – $18.32.

The stock increased 0.17% or $0.03 during the last trading session, hitting $18.11. About 290,912 shares traded hands. H&E Equipment Services, Inc. (NASDAQ:HEES) has declined 12.15% since September 16, 2015 and is downtrending. It has underperformed by 16.97% the S&P500.

H&E Equipment Services, Inc. operates as an integrated equipment services company. The company rents, sells, and provides parts and service support for hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks. It offers heavy construction and industrial equipment for rent on a daily, weekly, and monthly basis. As of December 31, 2015, the companyÂ’s rental fleet consisted of 27,597 pieces of equipment.

It also sells new and used equipment and parts, as well as provides maintenance and repair services for the customersÂ’ owned equipment. In addition, it provides ancillary equipment support activities, including transportation, hauling, parts shipping, and loss damage waivers. The company provides its services to industrial and commercial companies, construction contractors, manufacturers, public utilities, municipalities, and maintenance contractors, as well as for other industrial accounts. It has a network of 77 full-service facilities serving approximately 37,700 customers across 22 states in the West Coast, Intermountain, Southwest, Gulf Coast, Southeast, and Mid-Atlantic regions of the United States. H&E Equipment Services, Inc. was founded in 1961 and is headquartered in Baton Rouge, Louisiana.

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Mid-Day ETF Update: ETFs, Stocks Remain in the Red as Disappointing Earnings Weigh (NYSEARCA:SPY) mid-day-etf-update-etfs-stocks-remain-in-the-red-as-disappointing-earnings-weigh-nysearcaspy/ mid-day-etf-update-etfs-stocks-remain-in-the-red-as-disappointing-earnings-weigh-nysearcaspy/#respond Fri, 22 Apr 2016 22:08:12 +0000 ?p=51115 Active broad-market exchange-traded funds in Friday’s regular session: Direxion Daily Gold Miners Index Bear 3X Shares (DUST): +7.7% SPDR S&P 500 (NYSEARCA:SPY): -0.4% iPath S&P 500 VIX ST Futures ETN…

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Active broad-market exchange-traded funds in Friday’s regular session: Direxion Daily Gold Miners Index Bear 3X Shares (DUST): +7.7% SPDR S&P 500 (NYSEARCA:SPY): -0.4% iPath S&P 500 VIX ST Futures ETN (VXX): +0.3% PowerShares QQQ Trust, Series 1 (QQQ): -2% Market Vectors Gold Miners ETF (GDX): -2.4% Broad Market Indicators Broad-market exchange-traded funds, including SPY, IWM and IVV edged lower. Actively traded PowerShares QQQ (QQQ) was down 0.2%. U.S. stocks continued to slip into negative territory at session’s half, pressured by weakness in the tech sector following disappointing earnings results from Microsoft (MSFT) and Alphabet (GOOGL, GOOG), Other blue-chip companies like McDonald’s (MCD), Caterpillar (CAT) and General Electric (GE) also reported mixed results. In economic data news, the Markit U.S. flash manufacturing PMI fell to 50.8 in April compared with 51.5 in March. This was the lowest level since Sep 2009. Power Play: Technology Tech funds were trading lower, lagging behind the broader market. Technology Select Sector SPDR ETF (XLK), iShares Dow Jones US Technology ETF (IYW), iShares S&P North American Technology ETF (IGM) and iShares S&P North American Technology-Software Index (IGV) were weaker. Meanwhile, SPDR S&P International Technology Sector ETF (IPK) was up 0.5%. Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) was up 1.2% and Semiconductor Sector Index Fund (SOXX) was down 0.5%. Alphabet (GOOGL, GOOG) was down 6.2% after it reported late Thursday Q1 revenue of $20.26 billion, up from $17.26 billion in the year ago quarter but shy of the analyst consensus of $20.36 billion on Capital IQ. Non-GAAP earnings were $7.50 per share, up from $6.47 per share a year ago and below the Street consensus of $7.96 per share. Winners and Losers Financial Select Financial Sector SPDRs (XLF) was up 0.7%. Direxion Daily Financial Bull 3X shares (FAS) was up 1.2% while its bearish counterpart, FAZ, was up 1.5%. OFG Bancorp (OFG) was up 6.5% after the financial holding company reported Q1 net income of $10.7 million, or $0.24 earnings per share; compared to a net loss of $65 million, or $0.14 loss per share in Q1 2015. Excluding certain items, year ago net income was $0.21 per share.

Capital IQ provided a Street estimate of $0.25 earnings per share. Revenues were $88.5 million, which came in lower than the $92.5 million Street estimate. Industrial Select Sector SPDR-Industrial (XLI), Vanguard Industrials (VIS) and iShares Trust Dow Jones U.S. Industrial Sector Index Fund (IYJ) were in positive territory. Caterpillar (CAT) was up 0.6% after reporting Q1 adjusted earnings per share of $0.67 compared with $2.07 a year ago, lagging the $0.68 average estimate from analysts polled by Capital IQ. Sales slumped to $9,461 million from $12,702 million, coming in slightly above the $9,455-million consensus. Net profit nosedived to $271 million from $1,245 million a year ago, according to a company statement early Friday. Energy Dow Jones U.S. Energy Fund (IYE) was up 1.2%; Energy Select Sector SPDR (XLE) was up 1.1%. Southwestern Energy Company (SWN) was up 12% after the energy company reported late Thursday a non-GAAP loss of $32 million or $0.08 per share, beating the Capital IQ consensus estimate for a loss of $0.20 per share. For the same quarter last year, the company reported net income of $84 million, or $0.22 per share. Total revenue of $579 million fell from $933 million for Q1 2015, but beat the estimated $560 million. Commodities Crude was up 1.5%; United States Oil Fund (USO) was up 0.5%. Natural gas was up 2.3% and United States Natural Gas Fund (UNG) was up 2.6%. Gold was down 1.2%, while silver was down 0.0.7%.

Among rare metal funds, SPDR Gold Trust (GLD) was down 1.6% and iShares Silver Trust (SLV) was down 0.8%. Consumer Consumer staples funds were lower, in step with the broader market. Consumer Staples Select Sector SPDR (XLP), iShares Dow Jones US Consumer Goods (IYK) and Vanguard Consumer Staples ETF (VDC) were in negative territory. Consumer Discretionary Select Sector SPDR (XLY) and retail funds SPDR S&P Retail (XRT), PowerShares Dynamic Retail (PMR) and Market Vectors Retail ETF (RTH) were also in the red. Boston Beer Company (SAM) was down 10% after the company reported late Thursday Q1 sales fell 5% year over year to $188.8 million, below the CapIQ mean for $198.15 million. Net income fell to $0.53 from last year and missed the GAAP EPS estimate for $0.91 and normalized EPS of $0.96. Full-year 2016 depletion and shipment change is now estimated at between minus 4% and plus 2%, a decrease in the range from the previously communicated estimate of growth of mid-single digits. EPS are now estimated at $6.50 to $7.30, down from prior guidance of $7.60 to $8.00 and below the Street’s $7.82. Health Care Health care funds were higher, ahead of the broader market. Health Care SPDR (XLV), iShares Dow Jones US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were in the green. Biotech ETF iShares NASDAQ Biotechnology Index (IBB) was down 0.8%. The Wall Street Journal is reporting Friday morning that Valeant Pharmaceuticals (VRX) is now finalizing a contract to appoint Perrigo’s (PRGO) current CEO Joseph Papa as Valeant’s new chief executive. Perrigo said on Friday it is aware of speculation that Valeant wants to hire Papa, but declined to comment. Sources cited by Reuters said that the Perrigo board has not stated whether it would allow Papa to void a non-compete clause in his contract. According to the Wall Street Journal, Valeant has reached a contract with Papa and plans to announce next week that he will succeed longtime Valeant CEO Michael Pearson. VRX shares were up 6.7%.

The ETF increased 0.03% or $0.06 during the last trading session, hitting $208.96. SPDR S&P 500 ETF Trust (NYSEARCA:SPY) has risen 4.39% since September 16, 2015 and is uptrending. It has underperformed by 0.43% the S&P500.

SPDR S&P 500 ETF Trust is a unit investment trust. The ETF has a market cap of $184.98 billion. The Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index (the Index). It currently has negative earnings. The Trust seeks to achieve this investment objective by holding a portfolio of the common stocks that are included in the Index (the Portfolio), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the Index.

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Westrock To Split Off Chemicals Into New PubCo on May 15, Maintains $0.375 Quarterly Dividend (NYSE:WRK) westrock-to-split-off-chemicals-into-new-pubco-on-may-15-maintains-0-375-quarterly-dividend-nysewrk/ westrock-to-split-off-chemicals-into-new-pubco-on-may-15-maintains-0-375-quarterly-dividend-nysewrk/#respond Fri, 22 Apr 2016 21:24:47 +0000 ?p=51110 (Updating with quarterly dividend, recent share movement.) Westrock Company (NYSE:WRK) shares were gaining Friday after the maker of paper and packaging products said it plans to split off its specialty…

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(Updating with quarterly dividend, recent share movement.) Westrock Company (NYSE:WRK) shares were gaining Friday after the maker of paper and packaging products said it plans to split off its specialty chemicals business into a new public company, named Ingevity, and separately declared an unchanged quarterly dividend of $0.375 per share. The quarterly dividend is payable on May 16 to holders of record on May 6. The company said Ingevity will be traded under the “NGVT” ticker and that the tax-free spin-off is expected to be completed on May 15.

WestRock stockholders will receive one share of Ingevity common for every six common of WestRock, held as of the close of business on May 4. Westrock said that on or about May 2, and continuing through the distribution date, it is expected that there will be two markets in WestRock common stock. WestRock shares that trade in the “regular-way” market under the symbol WRK will trade with an entitlement to shares of Ingevity common stock to be distributed pursuant to the distribution; shares that trade in the “ex-distribution” market under the symbol WRK WI will trade without an entitlement to shares of Ingevity common stock. The spin-off Ingevity will operate from 25 global locations and employ 1,500. In recent trade, WRK was up nearly 2%, moving in the lower half of the 52-week range of $29.73 to $66.40.

The stock increased 3.53% or $1.39 during the last trading session, hitting $40.74. About 2.87M shares traded hands or 51.05% up from the average. WestRock Co (NYSE:WRK) has declined 32.96% since September 16, 2015 and is downtrending. It has underperformed by 37.78% the S&P500.

WestRock Company manufactures and sells paper and packaging solutions for the consumer and corrugated markets in North America, South America, Europe, and Asia. The company operates through Corrugated Packaging, Consumer Packaging, Specialty Chemicals, and Land and Development segments. The Corrugated Packaging segment produces containerboards, corrugated sheets, corrugated packaging, and preprinted linerboards to consumer and industrial products manufacturers, and corrugated box manufacturers; and recycled fiber. This segment also provides structural and graphic design, engineering services, and automated packaging machines.

Its corrugated packaging products are used to provide protective packaging for the shipment and distribution of food, paper, health and beauty, other household, consumer, commercial, and industrial products. The Consumer Packaging segment manufactures and sells folding and beverage cartons, displays, dispensing, and interior partitions; paperboards; recycled paperboards; express mail envelopes for the overnight courier industry; and secondary packages and paperboard packaging for the healthcare market. This segment also manufactures and sells solid fiber and corrugated partitions and die-cut paperboard components; temporary and permanent point-of-purchase displays for use in stores and other retail locations; dispensing systems, such as pumps; flip-top and applicator closures; plastic packaging; trigger sprayers; aerosol actuators; hose-end sprayers; spouted and applicator closures; and sprayers for use in nasal and throat healthcare applications, as well as provides contract packing services. The Specialty Chemicals segment produces and sells performance chemicals and activated carbon products for use in automotive, energy, and infrastructure industries. The companyÂ’s Land and Development segment engages in real estate development activities. WestRock Company is based in Richmond, Virginia.

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Apogee Enterprises to Pay Unchanged Quarterly Dividend of $0.125 on May 27 (NASDAQ:APOG) apogee-enterprises-to-pay-unchanged-quarterly-dividend-of-0-125-on-may-27-nasdaqapog/ apogee-enterprises-to-pay-unchanged-quarterly-dividend-of-0-125-on-may-27-nasdaqapog/#respond Fri, 22 Apr 2016 20:23:42 +0000 ?p=51082 Apogee Enterprises (NASDAQ:APOG) shares were slightly lower on Friday as the company said it will pay a quarterly cash dividend of $0.125 per share, unchanged from the previous quarter, on…

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Apogee Enterprises (NASDAQ:APOG) shares were slightly lower on Friday as the company said it will pay a quarterly cash dividend of $0.125 per share, unchanged from the previous quarter, on May 27 to shareholders of record on May 12. APOG trades in the lower half of the 52-week range between $33.67 and $61.05.

The stock increased 0.39% or $0.17 during the last trading session, hitting $43.79. About 139,312 shares traded hands. Apogee Enterprises Inc (NASDAQ:APOG) has declined 24.61% since September 16, 2015 and is downtrending. It has underperformed by 29.43% the S&P500.

Apogee Enterprises, Inc. designs and develops glass solutions for enclosing commercial buildings and framing art in the United States, Canada, and Brazil. It operates through four segments: Architectural Glass, Architectural Services, Architectural Framing Systems, and Large-Scale Optical Technologies (LSO). The Architectural Glass segment is involved in the fabrication of coated and high-performance architectural glass. The Architectural Services segment designs, engineers, fabricates, and installs the walls of glass, windows, and other curtain wall products making up the outside skin of commercial and institutional buildings.

The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass windows, curtain walls, storefronts, and entrance systems comprising the outside skin and entrances of commercial and institutional buildings. It is also involved in the manufacture of aluminum window systems and curtain walls; and painting and anodizing architectural aluminum and PVC shutters. The LSO segment manufactures value-added glass and acrylic for the custom picture framing and fine art markets. The companyÂ’s architectural glass and metal framing products and services are used in commercial buildings, such as office towers, hotels, and retail centers; and institutional buildings, including education facilities and dormitories, health care facilities, and government buildings, as well as high-end multi-family buildings. Apogee Enterprises, Inc. markets its architectural products and services through direct sales force, independent sales representatives, and distributors to architects, building owners, general contractors, and glazing subcontractors; and value-added glass and acrylics through independent distributors and retail chains, as well as directly to museums, and public and private galleries. The company was founded in 1949 and is headquartered in Minneapolis, Minnesota.

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Noble Slashes Quarterly Dividend 87% to $0.02 – Shares Gain 7% (NYSE:NE) noble-slashes-quarterly-dividend-87-to-0-02-shares-gain-7-nysene/ noble-slashes-quarterly-dividend-87-to-0-02-shares-gain-7-nysene/#respond Fri, 22 Apr 2016 19:46:37 +0000 ?p=51065 Shares of Noble Corp. (NYSE:NE) were surging Friday even as the offshore drilling contractor said it slashed its quarterly dividend by 87% to $0.02 from a prior quarterly distribution. The…

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Noble Corp

Shares of Noble Corp. (NYSE:NE) were surging Friday even as the offshore drilling contractor said it slashed its quarterly dividend by 87% to $0.02 from a prior quarterly distribution. The dividend is payable on May 9 to holders of record on May 2 with an ex-dividend date of April 28. Chairman, president and CEO David Williams said the dividend cut “fortifies our robus liquidity, which stood at $2.7 billion at March 31.” NE was moving closer to the midpoint of the 52-week range of $6.66 to $18.18 in recent trade.

The stock is up 3.39% or $0.38 after the news, hitting $11.58 per share. About 8.02 million shares traded hands. Noble Corporation Ordinary Shares (UK) (NYSE:NE) has declined 12.77% since September 16, 2015 and is downtrending. It has underperformed by 17.59% the S&P500.

Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It owns and operates a fleet of mobile offshore drilling units. As of February 25, 2016, the company operated a fleet of 30 drilling rigs consisted of 14 jackups, 8 drillships, and 8 semisubmersibles, which included 1 high-specification, harsh environment jackup under construction. Noble Corporation plc was founded in 1921 and is headquartered in London, the United Kingdom.

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Northwest Bancshares Q1 Results Narrowly Beat Views, Maintains $0.15 Quarterly Dividend (NASDAQ:NWBI) northwest-bancshares-q1-results-narrowly-beat-views-maintains-0-15-quarterly-dividend-nasdaqnwbi/ northwest-bancshares-q1-results-narrowly-beat-views-maintains-0-15-quarterly-dividend-nasdaqnwbi/#respond Fri, 22 Apr 2016 18:43:33 +0000 ?p=51049 Shares of Northwest Bancshares (NASDAQ:NWBI) were inching higher Friday morning after the bank holding firm reported slightly better-than-expected Q1 earnings and revenues, and declared an unchanged quarterly cash dividend of…

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Shares of Northwest Bancshares (NASDAQ:NWBI) were inching higher Friday morning after the bank holding firm reported slightly better-than-expected Q1 earnings and revenues, and declared an unchanged quarterly cash dividend of $0.15 a share. Q1 net income was $18.0 million or $0.18 per share, compared to $16.2 million or $0.18 per share a year earlier, beating the GAAP consensus of $0.16 a share provided by Capital IQ. Revenues, comprised of net interest income plus non-interest income, was $91.0 million, up from $77.6 million in the year-ago quarter and just topping the $90.5 million mean estimate. The company said the unchanged $0.15 dividend is payable on May 16 to holders of record on May 2. NWBI was moving in the upper end of the narrow 52-week range of $11.78 to $14.11.

The stock is up 0.89% or $0.12 after the news, hitting $13.67 per share. About 229,151 shares traded hands. Northwest Bancshares, Inc. (NASDAQ:NWBI) has risen 4.31% since September 16, 2015 and is uptrending. It has underperformed by 0.51% the S&P500.

Northwest Bancshares, Inc. operates as a bank holding company for Northwest Savings Bank that offers various personal and business banking solutions in the United States. The company operates through two segments, Community Banking and Consumer Finance. It offers personal and business deposits, such as checking accounts, savings accounts, money market deposit accounts, term certificate accounts, and individual retirement accounts.

The companyÂ’s loan portfolio comprise one-to-four-family residential real estate loans, residential mortgage loans, short term consumer loans, multi-family residential and commercial real estate loans, commercial business loans, and home equity loans and lines of credit; and consumer loans, including automobile, sales finance, unsecured personal, and credit card loans, as well as loans secured by deposit accounts. In addition, it offers trust, investment management, actuarial and benefit plan administration, brokerage, and title insurance services; and property and casualty, and employer benefit plan insurance services, as well as retail brokerage services. As of December 31, 2015, the company operated 181 community-banking locations in central and western Pennsylvania, western New York, eastern Ohio, and Maryland. It also operates 51 consumer finance offices in Pennsylvania. The company was founded in 1896 and is headquartered in Warren, Pennsylvania.

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Fidelity Southern to Pay Unchanged $0.12 Quarterly Dividend (NASDAQ:LION) fidelity-southern-to-pay-unchanged-0-12-quarterly-dividend-nasdaqlion/ fidelity-southern-to-pay-unchanged-0-12-quarterly-dividend-nasdaqlion/#respond Fri, 22 Apr 2016 18:30:38 +0000 ?p=51043 Fidelity Southern (NASDAQ:LION) said Friday that it will pay a quarterly cash dividend on its common stock of $0.12 per share on May 13 to shareholders of record on May…

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Fidelity Southern (NASDAQ:LION) said Friday that it will pay a quarterly cash dividend on its common stock of $0.12 per share on May 13 to shareholders of record on May 2. The bank holding company maintained its dividend rate from the previous quarter. Shares were 2% lower in recent morning trade, below the midpoint of the 52-week range of $14.01 – $23.05.

The stock is up 0.23% or $0.04 after the news, hitting $17.35 per share. About 85,193 shares traded hands. Fidelity Southern Corporation (NASDAQ:LION) has declined 15.89% since September 16, 2015 and is downtrending. It has underperformed by 20.71% the S&P500.

Fidelity Southern Corporation operates as the holding company for Fidelity Bank, which provides financial products and services for business and retail customers primarily in the metropolitan Atlanta market, and Jacksonville, Orlando, and Sarasota-Bradenton, Florida markets. The company accepts various deposit products, including noninterest-bearing demand, interest-bearing demand, savings, time, and brokered deposits. It also offers various loans, such as commercial and industrial loans, commercial real estate loans, indirect automobile loans, real estate construction loans, and residential mortgage loans, as well as consumer loans, including automobile loans, residential mortgage and home equity loans, and secured and unsecured personal loans.

In addition, the company offers Internet banking comprising online bill pay and mobile deposit, and Internet cash management services; and trust and wealth management services. Further, it provides cash management, remote deposit, and international trade business services; and merchant services for businesses and credit cards. Additionally, the company operates an insurance agency that offers consumer credit related insurance products; and issues trust preferred securities. As of March 31, 2015, it had a network of 45 branches. Fidelity Southern Corporation was founded in 1973 and is headquartered in Atlanta, Georgia.

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Rice Midstream Partners Raises Quarterly Cash Distribution 7% (NYSE:RMP) rice-midstream-partners-raises-quarterly-cash-distribution-7-nysermp/ rice-midstream-partners-raises-quarterly-cash-distribution-7-nysermp/#respond Fri, 22 Apr 2016 18:21:50 +0000 ?p=51039 Rice Midstream Partners (NYSE:RMP) said it has approved a quarterly cash distribution of $0.21 per unit, up 7% from Q4. The distribution is payable on May 12 to unit holders…

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Rice Midstream Partners (NYSE:RMP) said it has approved a quarterly cash distribution of $0.21 per unit, up 7% from Q4. The distribution is payable on May 12 to unit holders of record on May 3. RMP trades in a 52-week range between $8.40 – $18.17.

The stock is up 0.42% or $0.07 after the news, hitting $16.55 per share. About 161,652 shares traded hands. Rice Midstream Partners LP (NYSE:RMP) has risen 6.60% since September 16, 2015 and is uptrending. It has outperformed by 1.78% the S&P500.

Rice Midstream Partners LP gathers and compresses natural gas in the United States. It operates through Gathering and Compression, and Water Services segments. The company owns, operates, develops, and acquires midstream assets in the Appalachian Basin. It also provides water services, such as collection and recycle or disposal of flowback and produced water in Washington and Greene Counties, Pennsylvania, and Belmont County, Ohio. Rice Midstream Partners LP was founded in 2014 and is headquartered in Canonsburg, Pennsylvania.

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Kingsway Reports Q1 Loss of $0.08 Per Diluted Share (TSE:KFS) kingsway-reports-q1-loss-of-0-08-per-diluted-share-tsekfs/ kingsway-reports-q1-loss-of-0-08-per-diluted-share-tsekfs/#respond Fri, 22 Apr 2016 18:11:03 +0000 ?p=51034 Kingsway Financial Services Inc. (KFS.TO) reported a net loss attributable to common shareholders of $1.5 million, or $0.08 per diluted share, in the first quarter of 2016, compared to net…

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Kingsway Financial Services Inc. (KFS.TO) reported a net loss attributable to common shareholders of $1.5 million, or $0.08 per diluted share, in the first quarter of 2016, compared to net income attributable to common shareholders of $2.1 million, or $0.10 per diluted share, in the first quarter of 2015. Operating loss was $2.8 million for the first quarter of 2016 compared to operating income of $3.7 million for the first quarter of 2015.

The stock is down 0.84% or $0.05 after the news, hitting $5.88 per share. About 250 shares traded hands. Kingsway Financial Services Inc. (TSE:KFS) has declined 1.82% since September 16, 2015 and is downtrending. It has underperformed by 6.64% the S&P500.

Kingsway Financial Services Inc. is a holding company. The company has a market cap of $126.69 million. The Firm operates as a merchant bank primarily engaged, through its subsidiaries, in the property and casualty insurance business. It currently has negative earnings. The Firm operates through Insurance Underwriting segment.

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Harris Declares Unchanged Quarterly Dividend (NYSE:HRS) harris-declares-unchanged-quarterly-dividend-nysehrs/ harris-declares-unchanged-quarterly-dividend-nysehrs/#respond Fri, 22 Apr 2016 17:55:55 +0000 ?p=51027 Harris (NYSE:HRS) has declared a quarterly dividend of $0.50 per share, unchanged from the previous three quarters but up 3 cents from a year ago. The dividend is payable on…

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Harris Corp

Harris (NYSE:HRS) has declared a quarterly dividend of $0.50 per share, unchanged from the previous three quarters but up 3 cents from a year ago. The dividend is payable on June 13 to shareholders of record as of June 1. Additionally, Harris has been named the preferred tenderer on a battlespace communication system for the Australian Defense Force. Shares are more than 1% higher at $80.17 with a 52-week range of $70.10 to $89.78.

The stock is up 1.20% or $0.95 after the news, hitting $79.9 per share. About 278,715 shares traded hands. Harris Corporation (NYSE:HRS) has risen 5.92% since September 16, 2015 and is uptrending. It has outperformed by 1.10% the S&P500.

Harris Corporation provides technology-based solutions that solve government and commercial customersÂ’ mission-critical challenges. The company operates in four segments: Communication Systems, Critical Networks, Electronic Systems, and Space and Intelligence Systems. The company designs, develops, and manufactures a line of secure radio communications products and systems for manpack, handheld, vehicular, airborne, strategic fixed-site, and shipboard installations that span the communications architecture from high capacity line of site, backbone radios, small soldier personal radios, and tablet computers; and offers assured communications systems and equipment, including Internet Protocol based voice and data communications systems that provides network-level interoperable communications among public safety agencies by supporting a line of communications systems, as well as single-band land mobile radio terminals, and multiband radios, including a handheld radio and a full-spectrum mobile radio for vehicles.

In addition, the company conducts advanced research studies, develops prototypes, and produces spaceborne, airborne, and terrestrial communications and information processing systems that solve the mission-critical challenges of civilian, intelligence, and defense government customers. Further, it provides positioning and navigation, sensors, air traffic management solutions, image processing and distribution, communications, and information systems. The company also provides a range of service solutions, including systems integration; network design and development; air traffic management; cyber; intelligence; advanced engineering; and space launch and range-support for military and government customers. Harris Corporation was formerly known as Harris-Intertype Corp and changed its name to Harris Corporation in 1974. The company was founded in 1895 and is headquartered in Melbourne, Florida.

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Atalaya Mining Final Results for the Year Ended December 31 2015 – Stock Adds 1% (TSE:AYM) atalaya-mining-final-results-for-the-year-ended-december-31-2015-stock-adds-1-tseaym/ atalaya-mining-final-results-for-the-year-ended-december-31-2015-stock-adds-1-tseaym/#respond Fri, 22 Apr 2016 17:45:03 +0000 ?p=51022 Atalaya Mining plc (AIM: ATYM) (TSX: AYM), the European mining and development company announces its audited results for the year ended December 31 2015. For 2015 as a whole, Atalaya…

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Atalaya Mining plc (AIM: ATYM) (TSX: AYM), the European mining and development company announces its audited results for the year ended December 31 2015. For 2015 as a whole, Atalaya lost 14,980,000 euros, compared to 2014 when the company lost 11,230,000 euros Operational and Corporate Highlights for the year included, the achievement of first production in July 2015, the commencement of the diamond drilling programme in the Corta Atalaya-San Dionisio deposit, and the completion of a one-for-30 share consolidation. The company also received a claim from Astor Management AG claiming the satisfaction of the conditions to payment of deferred consideration for the acquisition of the remaining 49% of the share capital of Atalaya Rio Tinto Minera in 2008. The Company is defending the proceedings vigorously. Shares were last up 1.1% at $1.78.

The stock is up 11.93% or $0.21 after the news, hitting $1.97 per share. About 2,200 shares traded hands or 22.97% up from the average. Atalaya Mining PLC (TSE:AYM) has declined 16.19% since September 15, 2015 and is downtrending. It has underperformed by 21.01% the S&P500.

Atalaya Mining PLC, formerly EMED Mining Public Limited, is a Cyprus new European copper firm focused on the re-start of production at the Rio Tinto Copper Project. The company has a market cap of $205.36 million. It comprises a number of deposits including one of the largest copper deposits in Spain and is located in the Iberian Pyrite Belt. It currently has negative earnings.

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NGL Energy Partners Rallies 31% on Oaktree Capital Investment (NYSE:NGL) ngl-energy-partners-rallies-31-on-oaktree-capital-investment-nysengl/ ngl-energy-partners-rallies-31-on-oaktree-capital-investment-nysengl/#respond Fri, 22 Apr 2016 17:38:32 +0000 ?p=51019 NGL Energy Partners (NYSE:NGL) shares are now nearly 31% higher after the provider of crude oil logistics agreed to place $200 million in 10.75% class A convertible preferred units with…

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NGL Energy Partners (NYSE:NGL) shares are now nearly 31% higher after the provider of crude oil logistics agreed to place $200 million in 10.75% class A convertible preferred units with Oaktree Capital Management and said it will temporarily reduce the quarterly cash distribution by 39% to $0.39 per unit. The company said Oaktree will buy 16.6 million preferred units at a price of $12.03 per unit as well as 3.6 million warrants, which are subject to certain vesting and exercise terms.

NGL said it expects to use net proceeds to repay borrowings outstanding on its revolving credit facility, which may be re-borrowed in the future to fund capital expenditures and for other general partnership purposes. NGL and Oakree have also formed a strategic relationship to pursue future opportunities within the partnership’s current business segments. Meanwhile, NGL said it is also reducing the distribution to $0.39 per unit from previously $0.64, which the company said will generate an additional $170 million of annual cash savings to enhance liquidity, repay indebtedness and/or invest in selected growth projects in the future. NGL last traded at $13.95 in the lower half of the 52-week range between $5.37 and $33.64.

The stock is up 34.02% or $3.65 after the news, hitting $14.38 per share. About 11.55 million shares traded hands or 696.55% up from the average. NGL Energy Partners LP (NYSE:NGL) has declined 55.19% since September 16, 2015 and is downtrending. It has underperformed by 60.01% the S&P500.

NGL Energy Partners LP, through its subsidiaries, engages in the crude oil logistics, water solutions, liquids, retail propane, and refined products and renewables businesses in the United States. The Crude Oil Logistics segment purchases crude oil from producers and transports it for resale at pipeline injection points, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs. The Water Solutions segment is involved in the treatment and disposal of wastewater generated from crude oil and natural gas production operations; sale of recycled water and recovered hydrocarbons; and disposal of solids, such as tank bottoms and drilling fluids. The Liquids segment supplies propane, butane, and natural gas liquids to retailers, wholesalers, refiners, and petrochemical plants in the United States and Canada.

This segment also provides natural gas liquids terminaling services through its 21 terminals in the United States; and rail car transportation services through its fleet of leased rail cars. The Retail Propane segment sells propane, distillates, and equipment to end users consisting of residential, agricultural, commercial, and industrial customers, as well as re-sellers. The Refined Products and Renewables segment markets gasoline, diesel, ethanol, and biodiesel products; refined products terminaling services; and own refined products storage facilities. NGL Energy Holdings LLC serves as the general partner of the company. The company was founded in 1940 and is headquartered in Tulsa, Oklahoma.

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CoBiz Financial Q1 EPS In-Line With Estimates on Below Consensus Revenue (NASDAQ:COBZ) cobiz-financial-q1-eps-in-line-with-estimates-on-below-consensus-revenue-nasdaqcobz/ cobiz-financial-q1-eps-in-line-with-estimates-on-below-consensus-revenue-nasdaqcobz/#respond Fri, 22 Apr 2016 16:36:01 +0000 ?p=50990 CoBiz Financial (NASDAQ:COBZ) reported Q1 net income of $7.4 million, or $0.18 per share, in line with the Capital IQ consensus estimates and nearly unchanged from the same quarter of…

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CoBiz Financial (NASDAQ:COBZ) reported Q1 net income of $7.4 million, or $0.18 per share, in line with the Capital IQ consensus estimates and nearly unchanged from the same quarter of 2015. Total revenue of $35.9 million is up from $35.3 million for Q1 2015, but missed the estimated $37.9 million. Additionally, the company declared a quarterly cash dividend of $0.045 per common share, unchanged from the previous three quarters. The dividend will be paid on May 9 to shareholders of record on May 2. Shares last traded fractionally higher at $12.15 with a 52-week range of $10.31 to $13.94.

The stock is up 2.35% or $0.29 after the news, hitting $12.4 per share. About 39,350 shares traded hands. CoBiz Financial Inc (NASDAQ:COBZ) has declined 7.70% since September 16, 2015 and is downtrending. It has underperformed by 12.52% the S&P500.

CoBiz Financial Inc., a diversified financial services company, provides various banking and financial products and services in the United States. It operates through Commercial Banking and Fee-Based Lines segments. The Commercial Banking segment provides commercial, real estate, and private banking services; and depository products, as well as interest rate hedging and treasury management services.

The Fee-Based Lines segment offers investment advisory, and wealth and insurance brokerage; property and casualty, and employee benefit group insurance broker agency services to small- to mid-sized employers, commercial enterprises, and individual lines to their owners; and investment management advisory services to individuals, families, and businesses. The company operates 13 locations, including 9 in the Denver metropolitan area, 1 in Boulder, 1 in Colorado Springs, 1 in Fort Collins, and 1 in Vail located in Colorado under the name Colorado Business Bank; and 5 locations serving the Phoenix metropolitan area and the surrounding area of Maricopa County in Arizona under the Arizona Business Bank name. The company was formerly known as CoBiz Inc. and changed its name to CoBiz Financial Inc. in May 2007. CoBiz Financial Inc. was founded in 1980 and is headquartered in Denver, Colorado.

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ETF Preview: ETF, Futures Lower As Weak Earnings Disappoint; Flash PMI Still Ahead (NYSEARCA:SPY) etf-preview-etf-futures-lower-as-weak-earnings-disappoint-flash-pmi-still-ahead-nysearcaspy/ etf-preview-etf-futures-lower-as-weak-earnings-disappoint-flash-pmi-still-ahead-nysearcaspy/#respond Fri, 22 Apr 2016 16:03:38 +0000 ?p=50975 Active broad-market exchange-traded funds in Friday’s pre-market session: SPDR S&P 500 (NYSEARCA:SPY): -0.1% Market Vectors Gold Miners ETF (GDX): -0.7% iPath S&P 500 VIX ST Futures ETN (VXX): -0.1% iShares…

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Active broad-market exchange-traded funds in Friday’s pre-market session: SPDR S&P 500 (NYSEARCA:SPY): -0.1% Market Vectors Gold Miners ETF (GDX): -0.7% iPath S&P 500 VIX ST Futures ETN (VXX): -0.1% iShares MSCI Emerging Index Fund (EEM): -0.4% SPDR Select Sector Fund – Financial (XLF): +0.3% Broad-Market Indicators Most broad-market exchange-traded funds, including SPY, IWM, IVV and others, edged lower. Actively traded PowerShares QQQ (QQQ) was down 1%. U.S. stock futures were pointing to a negative open as disappointing earnings from Caterpillar (CAT) and General Electric (GE), as well as weak earnings from tech giants Microsoft (MSFT) and Alphabet (GOOGL). In economic data news, the flash Markit PMI for April will be reported at 9:45 am ET. Power Play: Industrial Select Sector SPDR-Industrial (XLI), Vanguard Industrials (VIS) and iShares Trust Dow Jones U.S. Industrial Sector Index Fund (IYJ) were unchanged in pre-market territory. Industrial giant General Electric (GE) was down 0.9% after it posted an increase in its total revenue for the first quarter of the year and a narrowed net loss but its sales figures fell short of analysts’ estimates. Total revenue at the conglomerate, which consists of multiple business divisions ranging from oil and gas to health care and aviation, rose by 6% to $27.85 billion from $26.24 billion in the prior year period but missed the $27.97 billion consensus estimate from analysts polled by Capital IQ. On the bottom line, General Electric’s net loss narrowed to $98 million or $0.01 per share from a net loss of $13.57 billion or $1.35 a year ago. The year earlier was weighed down by provisions for income taxes and losses from discontinued operations. The company’s digital orders rose by 29% to $1.2 billion and it said that is has a $316 billion backlog, marking an 18% increase fro the first quarter of 2015. Winners and Losers Financial Select Financial Sector SPDRs (XLF) was up 0.3%. Daily Financial Bull 3X shares (FAS) was up 0.04% while its bearish counterpart, FAZ, was up 0.5%. Visa (V) was down 3.3% after the company said that it has agreed with Visa Europe to amend the deal to eliminate the earn-out portion of the transaction consideration in response to feedback from the European Commission. The payment technology company said that instead of an earn-out the cash consideration in the deal will be increased by EUR1.75 billion ($1.98 billion), of which EUR750 million is payable upon closing and EUR1 billion, plus 4% compound annual interest, payable on the third anniversary of closing.

Visa noted that while the parties are working to close as soon as possible, closing could extend beyond the end fiscal Q3. Technology Technology Select Sector SPDR ETF (XLK), Shares Dow Jones US Technology ETF (IYW), iShares S&P North American Technology ETF (IGM) and iShares S&P North American Technology-Software Index (IGV) were inactive. SPDR S&P International Technology Sector ETF (IPK) was also unchanged. Semiconductor ETFs SPDR S&P Semiconductor (XSD) and Semiconductor Sector Index Fund (SOXX) were flat in pre-market trading. Microsoft (MSFT) was down 5.7% after the technology company reported Q3 adjusted EPS was $0.62 per share, unchanged from a year earlier and missing the $0.64 per share mean estimate. GAAP earnings were $3.76 billion or $0.47 per share, down from $5.0 billion or $0.61 per share in the year-ago quarter. Revenues were $20.53 billion, down from $21.73 billion a year earlier. Adjusted revenues were $22.08 billion, up from $21.73 billion a year earlier. Analysts were expecting revenue of $22.1 billion, generally an adjusted number. Energy Dow Jones U.S. Energy Fund (IYE) was flat while Energy Select Sector SPDR (XLE) was up 0.4% in the pre-market session. NGL Energy Partners (NGL) was up 14.1% after the provider of crude oil logistics agreed to place $200 million in 10.75% class A convertible preferred units with Oaktree Capital Management and said it will temporarily reduce the quarterly cash distribution by 39% to $0.39 per unit. The company said Oaktree will buy 16.6 million preferred units at a price of $12.03 per unit as well as 3.6 million warrants, which are subject to certain vesting and exercise terms. NGL said it expects to use net proceeds to repay borrowings outstanding on its revolving credit facility, which may be re-borrowed in the future to fund capital expenditures and for other general partnership purposes. NGL and Oakree have also formed a strategic relationship to pursue future opportunities within the partnership’s current business segments.

Meanwhile, NGL said it is also reducing the distribution to $0.39 per unit from previously $0.64, which the company said will generate an additional $170 million of annual cash savings to enhance liquidity, repay indebtedness and/or invest in selected growth projects in the future. Commodities Crude was up 1.6% while natural gas futures were up 0.1%. United States Oil Fund (USO) was up 0.4% and United States Natural Gas Fund (UNG) was flat. Gold was down 0.3% and SPDR Gold Trust (GLD) was down 0.3%. Silver was up 1.1% while iShares Silver Trust (SLV) was up 1.6%. Health Care Health Care SPDR (XLV), Vanguard Health Care ETF (VHT) and iShares Dow Jones US Healthcare (IYH) were flat. Biotechnology fund iShares NASDAQ Biotechnology Index (IBB) was up 0.2%. Second Sight Medical Products (EYES) was down 6.7% after the maker of implantable devices to restore functional vision to blind patients said it planned to sell 10 million common shares. The shares will be offered either at a 15% discount to the closing price on an unspecified day, or $4.25. The company will also offer subscription rights to buy one share at $0.55. If all the subscription rights are exercised, the total gross proceeds to us from the sale of shares of common stock offered in the rights offering would be $19.8 million. Consumer Consumer Staples Select Sector SPDR (XLP), iShares Dow Jones US Consumer Goods (IYK) and Vanguard Consumer Staples ETF (VDC) were inactive. Consumer Discretionary SPDR (XLY) and retail funds SPDR S&P Retail (XRT), PowerShares Dynamic Retail (PMR) and Market Vectors Retail ETF (RTH) were flat. McDonald’s (MCD) was up 1.8% after it reported Q1 EPS of $1.23, above the street view of $1.16 per share as compiled by Capital IQ, and also above the year-earlier reading of $1.01. The chain reported net income of $1.10 billion on revenues of $5.90 billion, the latter figure above the sweet view of $5.82 billion. A year earlier the company reported like figures of $811.5 million on revenues of $5.96 billion.

The ETF is down 0.27% or $0.57 after the news, hitting $208.33 per share. SPDR S&P 500 ETF Trust (NYSEARCA:SPY) has risen 4.39% since September 16, 2015 and is uptrending. It has underperformed by 0.43% the S&P500.

SPDR S&P 500 ETF Trust is a unit investment trust. The ETF has a market cap of $184.42 billion. The Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index (the Index). It currently has negative earnings. The Trust seeks to achieve this investment objective by holding a portfolio of the common stocks that are included in the Index (the Portfolio), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the Index.

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Charles Schwab to Pay 17% Higher Quarterly Dividend of $0.07/Share (NYSE:SCHW) charles-schwab-to-pay-17-higher-quarterly-dividend-of-0-07share-nyseschw/ charles-schwab-to-pay-17-higher-quarterly-dividend-of-0-07share-nyseschw/#respond Fri, 22 Apr 2016 15:40:05 +0000 ?p=50965 The Charles Schwab (NYSE:SCHW) said late Thursday that it will pay a quarterly cash dividend on its common stock of $0.07 per share on May 27 to shareholders of record…

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Schwab Charles Corp

The Charles Schwab (NYSE:SCHW) said late Thursday that it will pay a quarterly cash dividend on its common stock of $0.07 per share on May 27 to shareholders of record on May 13. The provider of financial services increased its dividend rate by 17% from the $0.06 per share paid for the previous quarter. Shares were inactive pre-bell, above the midpoint of the 52-week range of $21.51 – $35.72.

The stock is up 1.82% or $0.53 after the news, hitting $29.67 per share. About 2.34M shares traded hands. Charles Schwab Corp (NYSE:SCHW) has declined 6.36% since September 16, 2015 and is downtrending. It has underperformed by 11.18% the S&P500.

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, money management, custody, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; and stock plan services, compliance solutions, and mutual fund clearing services, as well as engages in the off-platform sales business.

The Advisor Services segment provides custodial, trading, and support services; and retirement and corporate brokerage retirement services. The company provides brokerage accounts with cash management capabilities; third-party mutual funds through the Mutual Fund Marketplace, including no-transaction fee mutual funds through the Mutual Fund OneSource service, which includes proprietary mutual funds, plus mutual fund trading, and clearing services to broker-dealers; exchange-traded funds (ETFs), including proprietary and third-party ETFs; and advice solutions, such as managed portfolios of proprietary and third-party mutual funds and ETFs, separately managed accounts, customized personal advice for tailored portfolios, and specialized planning and portfolio management. It also offers banking products and services, including checking and savings accounts, certificates of deposit, first lien residential real estate mortgage loans, home equity loans and lines of credit, and Pledged Asset Lines; and trust services comprising trust custody services, personal trust reporting services, and administrative trustee services. The company serves individuals and institutional clients in the United States, the Commonwealth of Puerto Rico, London, and Hong Kong. The Charles Schwab Corporation was founded in 1971 and is headquartered in San Francisco, California.

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Simulations Plus to Pay Unchanged $0.05 Quarterly Dividend (NASDAQ:SLP) simulations-plus-to-pay-unchanged-0-05-quarterly-dividend-nasdaqslp/ simulations-plus-to-pay-unchanged-0-05-quarterly-dividend-nasdaqslp/#respond Fri, 22 Apr 2016 15:15:45 +0000 ?p=50954 Simulations Plus (NASDAQ:SLP) said Friday that it will pay a quarterly dividend on its common stock of $0.05 per share on May 9 to shareholders of record on May 2.…

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Simulations Plus (NASDAQ:SLP) said Friday that it will pay a quarterly dividend on its common stock of $0.05 per share on May 9 to shareholders of record on May 2. The software developer maintained its dividend rate from the previous quarter. Shares were inactive pre-bell, around the midpoint of the 52-week range of $5.52 – $11.89.

The stock is down 0.23% or $0.02 after the news, hitting $8.56 per share. About 1,720 shares traded hands. Simulations Plus, Inc. (NASDAQ:SLP) has risen 7.12% since September 16, 2015 and is uptrending. It has outperformed by 2.30% the S&P500.

Simulations Plus, Inc. designs, develops, and markets drug discovery and development software for mechanistic modeling and simulation. It offers GastroPlus that simulates the absorption, pharmacokinetics, and pharmacodynamics of drugs administered to humans and animals; DDDPlus, which simulates in vitro laboratory experiments that measure the rate of dissolution of the drug and additives in a dosage form; and MembranePlus that simulates laboratory experiments. The company also provides PKPlus, a standalone program that provides the functionality needed by pharmaceutical industry scientists to generate the analyses and outputs to satisfy regulatory agency requirements for NCA and compartmental pharmacokinetics; ADMET Predictor, a chemistry-based computer program that takes molecular structures as inputs and predicts their properties; and MedChem Designer, a molecule drawing program or sketcher that integrates with MedChem Studio and ADMET Predictor.

In addition, it offers MedChem Studio, a tool for data mining and designing new molecules; and KIWI, a cloud-based Web application that organizes, processes, maintains, and communicates the volume of data and results generated by pharmacologists and scientists over the duration of a drug development program. Further, the company provides consulting services ranging from early drug discovery through preclinical and clinical trial data analysis, and reporting to regulatory agencies; and population modeling and simulation contract research services for the pharmaceutical and biotechnology industries. It offers software and services to pharmaceutical, biotechnology, agrochemical, and food companies, as well as regulatory agencies in North America, South America, Europe, Japan, Australia, New Zealand, India, Singapore, and the PeopleÂ’s Republic of China. Simulations Plus, Inc. was founded in 1996 and is headquartered in Lancaster, California.

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First Niagara Financial Group Declares $0.08 Quarterly Dividend; Shares Unchanged in Pre Market (NASDAQ:FNFG) first-niagara-financial-group-declares-0-08-quarterly-dividend-shares-unchanged-in-pre-market-nasdaqfnfg/ first-niagara-financial-group-declares-0-08-quarterly-dividend-shares-unchanged-in-pre-market-nasdaqfnfg/#respond Fri, 22 Apr 2016 14:40:33 +0000 ?p=50937 Bank holding company First Niagara Financial Group (NASDAQ:FNFG) has declared a quarterly dividend of $0.08 per share on its outstanding common stock. The company also declared a quarterly preferred stock…

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First Niagara Financial Group Inc

Bank holding company First Niagara Financial Group (NASDAQ:FNFG) has declared a quarterly dividend of $0.08 per share on its outstanding common stock. The company also declared a quarterly preferred stock dividend of $0.539063 per share on its fixed-to-floating rate perpetual non-cumulative preferred stock, series B. Both dividends will be payable on May 16 to shareholders of record on May 5. In Friday’s pre-market session, shares of First Niagara Financial Group were flat at $10.51, and have a 52-week range of $8.54 – $11.22.

The stock is up 1.71% or $0.18 after the news, hitting $10.69 per share. About 294,910 shares traded hands. First Niagara Financial Group Inc. (NASDAQ:FNFG) has risen 12.17% since September 16, 2015 and is uptrending. It has outperformed by 7.35% the S&P500.

First Niagara Financial Group, Inc. operates as a bank holding company for First Niagara Bank, N.A. that provides retail and commercial banking, and other financial services to individuals, families, and businesses. Its deposit products include savings and money market; certificate of deposit accounts, as well as municipal deposits; and commercial checking offerings with treasury management services. The companyÂ’s loan portfolio comprise commercial business loans; commercial real estate and multi-family lending products; residential real estate lending products; home equity lending products; indirect automobile lending products; credit cards; and other consumer loans, such as personal secured and unsecured loans, and overdraft lines of credit.

It also offers wealth management services through various third party investment vehicles comprising separately managed accounts, bonds, exchange traded funds, and mutual funds, as well as provides retirement planning, education funding, and wealth protection products and services, such as stocks, bonds, mutual funds, annuities, life insurance, long term care insurance, and advisory products. In addition, it sells insurance products consisting of business and personal insurance, surety bonds, life, disability, and long-term care coverage products; and offers risk management advisory services, such as alternative risk and self-insurance, claims investigation and adjusting, and third party administration of self-insured workersÂ’ compensation plans. As of December 31, 2015, the company operated a network of 392 bank branches, including 190 in New York located near Buffalo, Rochester, Syracuse, and Albany; 118 branches in Pennsylvania situated near Philadelphia, Pittsburgh, Erie, and Warren; 75 branches in Connecticut located near New Haven and Hartford; and 9 in Western Massachusetts situated near Springfield. First Niagara Financial Group, Inc. was founded in 1870 and is headquartered in Buffalo, New York.

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Bear State Financial to Pay $0.025/Share Cash Dividend (NASDAQ:BSF) bear-state-financial-to-pay-0-025share-cash-dividend-nasdaqbsf/ bear-state-financial-to-pay-0-025share-cash-dividend-nasdaqbsf/#respond Fri, 22 Apr 2016 14:27:33 +0000 ?p=50931 Bear State Financial (NASDAQ:BSF), a bank holding company, said Friday that it will pay a quarterly cash dividend on its common stock of $0.025 per share on May 16 to…

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Bear State Financial (NASDAQ:BSF), a bank holding company, said Friday that it will pay a quarterly cash dividend on its common stock of $0.025 per share on May 16 to shareholders of record on May 2. This is the company’s first cash dividend since its recapitalization in May 2011. Shares were inactive pre-bell, around the midpoint of the 52-week range of $7.61 – $11.39.

The stock is up 2.05% or $0.2 after the news, hitting $9.95 per share. About 426 shares traded hands. Bear State Financial Inc (NASDAQ:BSF) has risen 2.31% since September 16, 2015 and is uptrending. It has underperformed by 2.51% the S&P500.

Bear State Financial, Inc. operates as the bank holding company for Bear State Bank, N.A. that provides various financial products and services to individuals and businesses. The company offers a range of retail and business deposit accounts, including noninterest and interest bearing checking, savings and money market, and individual retirement accounts, as well as certificates of deposit.

It also provides loans comprising one-to four-family residential real estate, multifamily residential real estate, nonfarm nonresidential, farmland, construction and land development, and commercial real estate and commercial business loans; and consumer loans, such as automobile, deposit account secured, and unsecured loans, as well as lines of credit. In addition, the company offers other financial services, such as automated teller machine services; telephone banking services; online banking services, including account access, bill payment, and e-statement services; mobile banking comprising remote deposit capture and funds transfer services; overdraft services; debit cards; and safe deposit boxes. As of March 2, 2016, it operated 43 branches and 3 loan production offices in Arkansas and Southeast Oklahoma; and 12 branches and 1 loan production office in Southwest Missouri. The company was founded in 1934 and is headquartered in Little Rock, Arkansas.

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HSBC Down Slightly After General Meeting Statements Disclose Brexit And Dividend Uncertainty, Lowered Compensation (NYSE:HSBC) hsbc-down-slightly-after-general-meeting-statements-disclose-brexit-and-dividend-uncertainty-lowered-compensation-nysehsbc/ hsbc-down-slightly-after-general-meeting-statements-disclose-brexit-and-dividend-uncertainty-lowered-compensation-nysehsbc/#respond Fri, 22 Apr 2016 13:28:02 +0000 ?p=50904 HSBC Holdings (NYSE:HSBC) is down slightly pre-bell following statements made at its Annual General Meeting. HSBC said a vote by Britain to leave the European Union this summer “could require…

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HSBC Holdings (NYSE:HSBC) is down slightly pre-bell following statements made at its Annual General Meeting. HSBC said a vote by Britain to leave the European Union this summer “could require a restructuring of some of HSBC’s wholesale operations based in the UK.” “We have a major bank in France so have the option to move some staff currently in London to Paris if required,” the bank said. “The more important and unquantifiable risk arises from the potential impact on our customers. We believe that the UK would enter a period of great economic uncertainty in the event of a vote to leave and should the UK economy slow and economic conditions deteriorate as our research suggests, in at least the short to medium term, this would affect many of our customers in the UK and the economic environment we operate in.

This is likely to have a negative impact on HSBC.” The bank also disclosed a new directors’ remuneration policy that will lower executive director compensation by roughly 7%. The bank’s leaders also discussed the importance of its dividend payouts but pointed out that “prospective dividend growth will be dependent upon the long-term overall profitability of the Group and delivering further release of less efficiently deployed capital.” The bank said it has decided to retain and restructure its Turkish operations, maintaining its wholesale business and refocusing its retail network. HSBC also said its Deputy Chairman Sir Simon Rrobertson and Director Rona Fairhead would retire after the meeting. The meeting, held in London Friday featured speeches by Group Chairman, Douglas Flint; Group Chief Executive, Stuart Gulliver; and Chairman of the Group Remuneration Committee, Sam Laidlaw. Shares of HSBC are down $0.09, or 0.27%, at $33.62 in pre-market trading within a 52-week range of $29.14 – $50.26.

The stock increased 0.01% or $0.01 during the last trading session, hitting $33.72. About 26,595 shares traded hands. HSBC Holdings plc (ADR) (NYSE:HSBC) has declined 15.41% since September 16, 2015 and is downtrending. It has underperformed by 20.23% the S&P500.

HSBC Holdings plc provides banking and financial products and services in the United Kingdom and internationally. It operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking businesses. The companyÂ’s Retail Banking and Wealth Management business offers a range of personal banking products and services, including current and savings accounts, mortgages and personal loans, credit cards, debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, asset management services, and financial planning services.

Its Commercial Banking business provides credit and lending, and international trade and receivables finance; treasury management and liquidity solutions, such as payments and cash management, and commercial cards; commercial insurance and investments; and foreign exchange products, and debt and equity capital raising and advisory services to small and medium-sized enterprises, mid-market enterprises, and corporates. The companyÂ’s Global Banking and Markets business is involved in the provision of financing, advisory, and transaction services, as well as services in credit, rates, foreign exchange, equities, money markets and securities services; and principal investment activities to government, corporate and institutional clients, and private investors. Its Global Private Banking business provides investment management, advisory, discretionary, and brokerage services; private wealth solutions, comprising trusts and estate planning; and private banking services to high net worth and ultra-high net worth individuals and their families. The company operates through approximately 6,000 branches in North America, Latin America, Europe, the Middle East, North Africa, and Asia. HSBC Holdings plc was founded in 1865 and is headquartered in London, the United Kingdom.

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Home BancShares Declares Cash Dividend, Stock Split; Shares Unchanged in Pre Market (NASDAQ:HOMB) home-bancshares-declares-cash-dividend-stock-split-shares-unchanged-in-pre-market-nasdaqhomb/ home-bancshares-declares-cash-dividend-stock-split-shares-unchanged-in-pre-market-nasdaqhomb/#respond Fri, 22 Apr 2016 13:23:47 +0000 ?p=50902 Bank holding company Home BancShares (NASDAQ:HOMB) has declared a regular $0.175 per share quarterly cash dividend payable Jun.1 to shareholders of record May 11. The dividend represents a $0.05 per…

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Bank holding company Home BancShares (NASDAQ:HOMB) has declared a regular $0.175 per share quarterly cash dividend payable Jun.1 to shareholders of record May 11. The dividend represents a $0.05 per share, or 40% increase, over the $0.125 cash dividend paid during the Q2 of 2015. The bank has also declared a two-for-one stock split of its common stock payable in the form of a 100% stock dividend. The two-for-one stock split is payable Jun. 8 to shareholders of record May 18. After the stock split, the number of shares of common stock outstanding will increase to approximately 140,380,000. In Friday’s pre-market session, shares of Home Bancshares were holding steady at $42.50, and have a 52-week trading range of $32.31 – $47.50.

The stock closed at $42.5 during the last session. It is down 7.98% since September 16, 2015 and is uptrending. It has outperformed by 3.16% the S&P500.

Home BancShares, Inc. operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit. The companyÂ’s loan portfolio comprises non-farm/non-residential real estate, construction/land development, residential mortgage, consumer, and commercial and industrial loans.

It also provides Internet banking, mobile banking, voice response information, cash management, overdraft protection, direct deposit, safe deposit boxes, the United States savings bonds, and automatic account transfer services. Further, the company writes policies for commercial and personal lines of business, including insurance for property, casualty, life, health, and employee benefits; and offers trust services focusing primarily on personal trusts, corporate trusts, and employee benefit trusts. As of December 31, 2015, it operated through 79 branches in Arkansas, 61 branches in Florida, 6 branches in Alabama, and a loan production office in New York City. Home BancShares, Inc. is headquartered in Conway, Arkansas.

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NGL Energy Partners Shares Gain 2% Pre-Bell; Places $200 Mln in Units, Reduces Cash Distribution (NYSE:NGL) ngl-energy-partners-shares-gain-2-pre-bell-places-200-mln-in-units-reduces-cash-distribution-nysengl/ ngl-energy-partners-shares-gain-2-pre-bell-places-200-mln-in-units-reduces-cash-distribution-nysengl/#respond Fri, 22 Apr 2016 13:02:17 +0000 ?p=50892 NGL Energy Partners (NYSE:NGL) shares were higher over 2% in recent pre-market trade after the provider of crude oil logistics agreed to place $200 million in 10.75% class A convertible…

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NGL Energy Partners (NYSE:NGL) shares were higher over 2% in recent pre-market trade after the provider of crude oil logistics agreed to place $200 million in 10.75% class A convertible preferred units with Oaktree Capital Management and said it will temporarily reduce the quarterly cash distribution by 39% to $0.39 per unit. The company said Oaktree will buy 16.6 million preferred units at a price of $12.03 per unit as well as 3.6 million warrants, which are subject to certain vesting and exercise terms.

NGL said it expects to use net proceeds to repay borrowings outstanding on its revolving credit facility, which may be re-borrowed in the future to fund capital expenditures and for other general partnership purposes. NGL and Oakree have also formed a strategic relationship to pursue future opportunities within the partnership’s current business segments. Meanwhile, NGL said it is also reducing the distribution to $0.39 per unit from previously $0.64, which the company said will generate an additional $170 million of annual cash savings to enhance liquidity, repay indebtedness and/or invest in selected growth projects in the future. NGL trades in the in the lower half of the 52-week range between $5.37 and $33.64.

The stock decreased 0.09% or $0.01 during the last trading session, hitting $10.73. About 4,546 shares traded hands. NGL Energy Partners LP (NYSE:NGL) has declined 55.19% since September 16, 2015 and is downtrending. It has underperformed by 60.01% the S&P500.

NGL Energy Partners LP, through its subsidiaries, engages in the crude oil logistics, water solutions, liquids, retail propane, and refined products and renewables businesses in the United States. The Crude Oil Logistics segment purchases crude oil from producers and transports it for resale at pipeline injection points, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs. The Water Solutions segment is involved in the treatment and disposal of wastewater generated from crude oil and natural gas production operations; sale of recycled water and recovered hydrocarbons; and disposal of solids, such as tank bottoms and drilling fluids. The Liquids segment supplies propane, butane, and natural gas liquids to retailers, wholesalers, refiners, and petrochemical plants in the United States and Canada.

This segment also provides natural gas liquids terminaling services through its 21 terminals in the United States; and rail car transportation services through its fleet of leased rail cars. The Retail Propane segment sells propane, distillates, and equipment to end users consisting of residential, agricultural, commercial, and industrial customers, as well as re-sellers. The Refined Products and Renewables segment markets gasoline, diesel, ethanol, and biodiesel products; refined products terminaling services; and own refined products storage facilities. NGL Energy Holdings LLC serves as the general partner of the company. The company was founded in 1940 and is headquartered in Tulsa, Oklahoma.

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Nexstar Broadcasting to Pay Unchanged $0.24 Quarterly Dividend (NASDAQ:NXST) nexstar-broadcasting-to-pay-unchanged-0-24-quarterly-dividend-nasdaqnxst/ nexstar-broadcasting-to-pay-unchanged-0-24-quarterly-dividend-nasdaqnxst/#respond Fri, 22 Apr 2016 12:40:39 +0000 ?p=50882 Nexstar Broadcasting Group (NASDAQ:NXST) said Friday that it will pay a quarterly cash dividend on its class A common stock of $0.24 per share on May 27 to shareholders of…

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Nexstar Broadcasting Group (NASDAQ:NXST) said Friday that it will pay a quarterly cash dividend on its class A common stock of $0.24 per share on May 27 to shareholders of record on May 13. The television broadcasting and digital media company maintained its dividend rate from the previous quarter. Shares were inactive pre-bell, above the midpoint of the 52-week range of $34.65 – $61.79.

The stock decreased 0.10% or $0.05 during the last trading session, hitting $50.01. Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) has risen 11.21% since September 16, 2015 and is uptrending. It has outperformed by 6.39% the S&P500.

Nexstar Broadcasting Group, Inc. operates as a television broadcasting and digital media company in the United States. It focuses on the acquisition, development, and operation of television stations and interactive community Websites in medium-sized markets. The company offers free over-the-air programming to television viewing audiences.

It also provides sales, programming, and other services through various local service agreements to 25 television stations and 5 power television stations owned and/or operated by independent third parties. As of December 31, 2015, the company owned, operated, programmed, or provided sales and other services to 99 television stations in 61 markets in the states of Alabama, Arizona, Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Louisiana, Maryland, Michigan, Missouri, Montana, Nevada, New York, Pennsylvania, Tennessee, Texas, Utah, Vermont, Virginia, West Virginia, and Wisconsin. The companyÂ’s stations reach approximately 20.4 million viewers. Nexstar Broadcasting Group, Inc. was founded in 1996 and is headquartered in Irving, Texas.

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Green Plains Partners Raises Quarterly Distribution to $0.4050 vs $0.4025 (NASDAQ:GPP) green-plains-partners-raises-quarterly-distribution-to-0-4050-vs-0-4025-nasdaqgpp/ green-plains-partners-raises-quarterly-distribution-to-0-4050-vs-0-4025-nasdaqgpp/#respond Fri, 22 Apr 2016 11:10:29 +0000 ?p=50859 Green Plains Partners LP (NASDAQ:GPP) said it is increasing its quarterly cash distribution to $0.4050 per unit for Q1, or to $1.62 on an annualized basis, up from 0.4025 per…

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Green Plains Partners LP (NASDAQ:GPP) said it is increasing its quarterly cash distribution to $0.4050 per unit for Q1, or to $1.62 on an annualized basis, up from 0.4025 per unit in the previous quarter. GPP trades around the mid-point of the 52-week range between $10.92 and $16.54. It was inactive in recent pre-market trade.

The stock decreased 1.29% or $0.18 on April 21, hitting $13.75. Green Plains Partners LP (NASDAQ:GPP) has risen 4.96% since September 16, 2015 and is uptrending. It has outperformed by 0.14% the S&P500.

Green Plains Partners LP owns, operates, develops, and acquires ethanol and fuel storage tanks, terminals, transportation assets, and other related assets and businesses. The company owns 30 ethanol storage tanks. Green Plains Holdings LLC serves as the general partner of the company. The company was founded in 2015 and is headquartered in Omaha, Nebraska. Green Plains Partners LP is a subsidiary of Green Plains Inc.

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Escalade to Reiterate Quarterly Dividend of $0.11/Share, Payable June 17 (NASDAQ:ESCA) escalade-to-reiterate-quarterly-dividend-of-0-11share-payable-june-17-nasdaqesca/ escalade-to-reiterate-quarterly-dividend-of-0-11share-payable-june-17-nasdaqesca/#respond Fri, 22 Apr 2016 03:40:25 +0000 ?p=50829 The stock closed at $11 during the last session. It is down 38.10% since September 16, 2015 and is downtrending. It has underperformed by 42.92% the S&P500. Escalade, Incorporated, together…

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The stock closed at $11 during the last session. It is down 38.10% since September 16, 2015 and is downtrending. It has underperformed by 42.92% the S&P500.

Escalade, Incorporated, together with its subsidiaries, manufactures and sells sporting goods to retailers, dealers, and wholesalers primarily in North America and Europe. It manufactures, imports, and distributes various sporting goods brands in basketball goals, archery, indoor and outdoor game recreation, and fitness products. It offers archery products under the Bear Archery, Trophy Ridge, Whisker Biscuit, and Cajun Archery brands; table tennis products under the STIGA, Ping-Pong, and Prince brands; basketball goals under the Goalrilla, Goaliath, Hoopstar, Goalsetter, and Silverback brands; play systems under the Woodplay and Childlife brands; fitness products under The STEP and USWeight brands; hockey and soccer game tables under the Atomic, American Legend, and Redline brands; billiard accessories under the Mizerak, Minnesota Fats, Lucasi, PureX, Rage, and Players brands; darting products under the Unicorn, Accudart, Arachnid, Nodor, and Winmau brands; and outdoor games under the Zume Games, Onix, Viva Sol, and Pickleball Now brands. The company offers its products through sporting goods retailers, specialty dealers, online retailers, traditional department stores, and mass merchants. Escalade, Incorporated was founded in 1922 and is headquartered in Evansville, Indiana.

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IDACORP to Pay Unchanged Quarterly Dividend of $0.51/Share, Payable May 31 (NYSE:IDA) idacorp-to-pay-unchanged-quarterly-dividend-of-0-51share-payable-may-31-nyseida/ idacorp-to-pay-unchanged-quarterly-dividend-of-0-51share-payable-may-31-nyseida/#respond Fri, 22 Apr 2016 03:38:14 +0000 ?p=50828 The stock decreased 2.31% or $1.68 during the last trading session, hitting $71.14. About 351,551 shares traded hands or 32.14% up from the average. IDACORP Inc (NYSE:IDA) has risen 18.55%…

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The stock decreased 2.31% or $1.68 during the last trading session, hitting $71.14. About 351,551 shares traded hands or 32.14% up from the average. IDACORP Inc (NYSE:IDA) has risen 18.55% since September 16, 2015 and is uptrending. It has outperformed by 13.73% the S&P500.

IDACORP, Inc., through its subsidiary, Idaho Power Company, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States. It operates 17 hydroelectric generating plants located in southern Idaho and eastern Oregon, as well as 3 natural gas-fired plants in southern Idaho; and owns interests in 3 coal-fired steam electric generating plants located in Wyoming, Nevada, and Oregon.

As of December 31, 2015, the company provided electric service to approximately 525,000 general business customers; and had a network of approximately 4,860 pole-miles of high-voltage transmission lines, 24 step-up transmission substations located at power plants, 24 transmission substations, 10 switching stations, 224 energized distribution substations, and approximately 27,092 pole-miles of distribution lines. Its principal commercial and industrial customers are involved in food processing, electronics and general manufacturing, agriculture, health care, and winter recreation. The company, through its other subsidiaries, invests in housing and other real estate investments. IDACORP, Inc. was founded in 1915 and is headquartered in Boise, Idaho.

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ONEOK Partners Leaves Quarterly Cash Distribution Unchanged at $0.79/Unit, Payable May 13 (NYSE:OKS) oneok-partners-leaves-quarterly-cash-distribution-unchanged-at-0-79unit-payable-may-13-nyseoks/ oneok-partners-leaves-quarterly-cash-distribution-unchanged-at-0-79unit-payable-may-13-nyseoks/#respond Fri, 22 Apr 2016 03:36:06 +0000 ?p=50827 The stock increased 0.53% or $0.19 during the last trading session, hitting $36.11. About 1.03 million shares traded hands. Oneok Partners LP (NYSE:OKS) has risen 10.87% since September 16, 2015…

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The stock increased 0.53% or $0.19 during the last trading session, hitting $36.11. About 1.03 million shares traded hands. Oneok Partners LP (NYSE:OKS) has risen 10.87% since September 16, 2015 and is uptrending. It has outperformed by 6.05% the S&P500.

ONEOK Partners, L.P. engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates through three segments: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment gathers and processes natural gas produced from crude oil and natural gas wells located in the Mid-Continent region; and gathers and processes natural gas in the Williston Basin, which spans portions of Montana and North Dakota, and the Powder River Basin of Wyoming. The Natural Gas Liquids segment gathers, treats, fractionates, and transports natural gas liquids (NGLs), as well as stores, markets, and distributes NGL products primarily in Oklahoma, Kansas, Texas, New Mexico, and the Rocky Mountain region.

This segment also owns the Federal Energy Regulatory Commission (FERC)-regulated NGLs gathering and distribution pipelines in Oklahoma, Kansas, Texas, New Mexico, Montana, North Dakota, Wyoming, and Colorado; terminal and storage facilities in Missouri, Nebraska, Iowa, and Illinois; and FERC-regulated NGLs distribution and refined petroleum product pipelines in Kansas, Missouri, Nebraska, Iowa, Illinois, and Indiana. The Natural Gas Pipelines segment owns and operates regulated natural gas transmission pipelines and natural gas storage facilities; and provides natural gas transportation and storage services. This segmentÂ’s interstate natural gas pipeline assets transport natural gas through FERC-regulated interstate natural gas pipelines in North Dakota, Minnesota, Wisconsin, Illinois, Indiana, Kentucky, Tennessee, Oklahoma, Texas, and New Mexico. It also transports intrastate natural gas through its assets in Oklahoma; and owns underground natural gas storage facilities in Oklahoma, Texas, and Kansas. ONEOK Partners GP, L.L.C. serves as the general partner of ONEOK Partners, L.P. The company was founded in 1993 and is headquartered in Tulsa, Oklahoma.

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ONEOK Maintains Quarterly Dividend at $0.615/Share, Payable May 13 (NYSE:OKE) oneok-maintains-quarterly-dividend-at-0-615share-payable-may-13-nyseoke/ oneok-maintains-quarterly-dividend-at-0-615share-payable-may-13-nyseoke/#respond Fri, 22 Apr 2016 03:29:41 +0000 ?p=50824 The stock increased 0.03% or $0.01 during the last trading session, hitting $34.81. About 2.51M shares traded hands. ONEOK, Inc. (NYSE:OKE) has declined 3.49% since September 16, 2015 and is…

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Oneok Inc

The stock increased 0.03% or $0.01 during the last trading session, hitting $34.81. About 2.51M shares traded hands. ONEOK, Inc. (NYSE:OKE) has declined 3.49% since September 16, 2015 and is downtrending. It has underperformed by 8.31% the S&P500.

ONEOK, Inc., through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates through the Natural Gas Gathering and Processing, the Natural Gas Liquids, and the Natural Gas Pipelines segments. The company gathers, treats, fractionates, stores, and transports natural gas liquids (NGL), as well as owns natural gas liquids gathering and distribution pipelines, natural gas liquids distribution and refined petroleum products pipelines, and terminal and storage facilities; and operates interstate and intrastate regulated natural gas transmission pipelines and natural gas storage facilities, as well as stores, markets, and distributes NGL products to petrochemical manufacturers, heating fuel users, ethanol producers, refineries, exporters, and propane distributors. It also owns and operates a parking garage in downtown Tulsa, Oklahoma; and leases excess office space to others. ONEOK, Inc. was founded in 1906 and is headquartered in Tulsa, Oklahoma.

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Weis Markets to Retain Quarterly Dividend at $0.30/Share, Payable May 16 (NYSE:WMK) weis-markets-to-retain-quarterly-dividend-at-0-30share-payable-may-16-nysewmk/ weis-markets-to-retain-quarterly-dividend-at-0-30share-payable-may-16-nysewmk/#respond Fri, 22 Apr 2016 03:18:54 +0000 ?p=50819 The stock decreased 2.28% or $1.06 during the last trading session, hitting $45.44. About 37,445 shares traded hands. Weis Markets, Inc. (NYSE:WMK) has risen 7.25% since September 16, 2015 and…

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The stock decreased 2.28% or $1.06 during the last trading session, hitting $45.44. About 37,445 shares traded hands. Weis Markets, Inc. (NYSE:WMK) has risen 7.25% since September 16, 2015 and is uptrending. It has outperformed by 2.43% the S&P500.

Weis Markets, Inc. engages in the retail sale of food in Pennsylvania and surrounding states. The company’s retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, and fuel; and general merchandise items, such as health and beauty care, and household products. It operates stores primarily under the Weis Markets trade name, as well as trademarks for its product lines and promotions, such as Weis, Weis 2 Go, Weis Wonder Chicken, Price Freeze, Weis Gas-n-Go, and Weis Nutri-Facts. As of December 26, 2015, the company operated 25 stores in Maryland, 5 stores in New Jersey, 9 stores in New York, 122 stores in Pennsylvania, and 2 stores in West Virginia. Weis Markets, Inc. was founded in 1912 and is based in Sunbury, Pennsylvania.

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Jabil Circuit Maintains $0.08 Quarterly Dividend (NYSE:JBL) jabil-circuit-maintains-0-08-quarterly-dividend-nysejbl/ jabil-circuit-maintains-0-08-quarterly-dividend-nysejbl/#respond Fri, 22 Apr 2016 03:05:58 +0000 ?p=50813 Jabil Circuit (NYSE:JBL) said after-hours Thursday it will distribute an unchanged quarterly dividend of $0.08 per share, payable on June 1 to holders of record on May 16. Shares of…

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Jabil Circuit Inc

Jabil Circuit (NYSE:JBL) said after-hours Thursday it will distribute an unchanged quarterly dividend of $0.08 per share, payable on June 1 to holders of record on May 16. Shares of the electronics manufacturer were inactive in recent after-hours, after closing in the lower end of the 52-week range of $16.90 to $26.00.

The stock decreased 1.43% or $0.26 on April 21, hitting $17.87. About 1.84 million shares traded hands. Jabil Circuit, Inc. (NYSE:JBL) has declined 12.74% since September 16, 2015 and is downtrending. It has underperformed by 17.56% the S&P500.

Jabil Circuit, Inc., together with its subsidiaries, provides electronic manufacturing services and solutions worldwide. The company operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services.

It offers electronics design, production, and product management services to companies in the automotive, consumer lifestyles and wearable technologies, defense and aerospace, digital home, emerging growth, healthcare, industrial and energy, mobility, networking and telecommunications, packaging, point of sale, and printing and storage industries. The companyÂ’s services include integrated design and engineering; component selection, sourcing, and procurement; automated assembly; design and implementation of product testing; parallel global production; enclosure services; systems assembly, direct order fulfillment, and configure to order; and injection molding, metal, plastics, precision machining, and automation services. Jabil Circuit, Inc. was founded in 1966 and is headquartered in St. Petersburg, Florida.

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Regions Financial Raises Quarterly Cash Dividends on Common Stock by 8.3%, Sets Quarterly Cash Dividend on Preferred Shares (NYSE:RF) regions-financial-raises-quarterly-cash-dividends-on-common-stock-by-8-3-sets-quarterly-cash-dividend-on-preferred-shares-nyserf/ regions-financial-raises-quarterly-cash-dividends-on-common-stock-by-8-3-sets-quarterly-cash-dividend-on-preferred-shares-nyserf/#respond Fri, 22 Apr 2016 02:44:26 +0000 ?p=50803 Regions Financial (NYSE:RF), the financial holding company for Regions Bank, said late Thursday that its board of directors has declared a cash dividend of $0.065 per common share, an increase…

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Regions Financial Corp

Regions Financial (NYSE:RF), the financial holding company for Regions Bank, said late Thursday that its board of directors has declared a cash dividend of $0.065 per common share, an increase of 8.3% or $0.005, payable on July 1, 2016, to stockholders of record at the close of business on June 10, 2016. The company declared a quarterly cash dividend of $15.9375 per share (equivalent to $0.398438 per depositary share) on the 6.375% Non-Cumulative Perpetual Preferred Stock, Series A, payable on June 15, 2016, to stockholders of record at the close of business on June 1, 2016. It also declared a quarterly cash dividend of $15.9375 per share (equivalent to $0.398438 per depositary share) on the 6.375% Non-Cumulative Perpetual Preferred Stock, Series B, payable on June 15, 2016, to stockholders of record at the close of business on June 1, 2016. Shares closed at $9.17 with a 52-week range of $7.00 – $10.86.

The stock increased 0.11% or $0.01 during the last trading session, hitting $9.17. About 17.33M shares traded hands. Regions Financial Corp (NYSE:RF) has declined 4.18% since September 16, 2015 and is downtrending. It has underperformed by 9.00% the S&P500.

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services. This segment serves corporate, middle market, small business, and commercial real estate developers and investors. The companyÂ’s Consumer Bank segment provides consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards, and other consumer loans, as well as the corresponding deposit relationships.

Its Wealth Management segment offers wealth management products and services, including credit related products, trust and investment management, asset management, retirement and savings solutions, estate planning, and personal and commercial insurance products to individuals, businesses, governmental institutions, and non-profit entities. The company also provides insurance coverage for various lines of personal and commercial insurance, such as property, vehicle, casualty, life, health, and accident insurance, as well as commercial crop, life, and environmental insurance; and commercial equipment financing products, as well as offers securities, insurance, and advisory services through financial consultants. In addition, it offers securities brokerage, merger and acquisition advisory, trust, and other specialty financing services. As of December 31, 2015, the company operated 1,627 banking offices and 1,962 ATMs in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, Texas, and Virginia. Regions Financial Corporation was founded in 1971 and is headquartered in Birmingham, Alabama.

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Rockwell Collins Maintains Quarterly Dividend at $0.33/Share, Payable June 6 (NYSE:COL) rockwell-collins-maintains-quarterly-dividend-at-0-33share-payable-june-6-nysecol/ rockwell-collins-maintains-quarterly-dividend-at-0-33share-payable-june-6-nysecol/#respond Fri, 22 Apr 2016 02:35:51 +0000 ?p=50799 The stock decreased 5.21% or $4.9 during the last trading session, hitting $89.12. About 2.68M shares traded hands or 377.81% up from the average. Rockwell Collins, Inc. (NYSE:COL) has risen…

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Rockwell Collins Inc

The stock decreased 5.21% or $4.9 during the last trading session, hitting $89.12. About 2.68M shares traded hands or 377.81% up from the average. Rockwell Collins, Inc. (NYSE:COL) has risen 4.66% since September 16, 2015 and is uptrending. It has underperformed by 0.16% the S&P500.

Rockwell Collins, Inc. designs, produces, and supports communications and aviation systems worldwide. The company operates through three segments: Commercial Systems, Government Systems, and Information Management Services. The Commercial Systems segment provides communications, navigation, and situational awareness and surveillance systems and products, as well as integrated avionics and cabin electronics, electro-mechanical, and simulation and training systems. It also offers satellite-based global voice and data communication products and services; wireless information distribution technologies; and maintenance, repairs, parts, after-sales support services, and aftermarket used equipment.

This segment serves original equipment manufacturers of commercial air transport, business and regional aircraft, commercial airlines, and business aircraft operators. The Government Systems segment provides defense-related systems, products, and services comprising communications systems and products; avionics sub-systems; precision targeting, electronic warfare, and range and training systems; and visual system products, and training systems and services. This segment serves U.S. Department of Defense, other ministries of defense, other government agencies, and defense contractors.

The Information Management Services segment offers voice and data communication services; flight support services; airport communications and information systems; train dispatching and information systems; mission critical security systems; and backup communications services. This segment serves commercial airlines, business aircraft operators, the U.S. Federal Aviation Administration, airport and critical infrastructure operators, and passenger and freight railroads. The company markets its products directly to customers, as well as through sales force, dealers, and sales representatives. Rockwell Collins, Inc. was founded in 1933 and is headquartered in Cedar Rapids, Iowa.

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Correction: Briggs & Stratton Declares Quarterly Dividend, Authorizes $50 Mln Stock Repurchase Program (NYSE:BBG) correction-briggs-stratton-declares-quarterly-dividend-authorizes-50-mln-stock-repurchase-program-nysebbg-2/ correction-briggs-stratton-declares-quarterly-dividend-authorizes-50-mln-stock-repurchase-program-nysebbg-2/#respond Fri, 22 Apr 2016 00:34:34 +0000 ?p=50758 An earlier version of this story incorrectly named the company as Bill Barrett (NYSE:BBG). This has been corrected to Briggs & Stratton (BGG); the stock’s movement and price has been…

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An earlier version of this story incorrectly named the company as Bill Barrett (NYSE:BBG). This has been corrected to Briggs & Stratton (BGG); the stock’s movement and price has been updated as well. Briggs & Stratton (BGG), producer of air cooled gasoline engines for outdoor power equipment, said Thursday its board of directors has declared a quarterly dividend of $0.135 per share of common stock, payable June 30 to shareholders of record at the close of business June 17. The board also authorized $50 million in funds for use in the company’s stock repurchase program with an expiration of June 29, 2018. Shares are down 1.1% at $22.83 with a 52-week range of $15.47 – $24.48.

The stock decreased 0.26% or $0.02 during the last trading session, hitting $7.81. About 1.35M shares traded hands. Bill Barrett Corporation (NYSE:BBG) has risen 114.52% since September 15, 2015 and is uptrending. It has outperformed by 108.24% the S&P500.

Bill Barrett Corporation, an independent energy company, acquires, explores for, and develops oil and natural gas resources in the United States. It primarily holds interests in the Denver-Julesburg basin and the Uinta oil program in the Uinta Basin in the Rocky Mountain region of the United States. The company was founded in 2002 and is headquartered in Denver, Colorado.

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Correction: Briggs & Stratton Declares Quarterly Dividend, Authorizes $50 Mln Stock Repurchase Program (NYSE:BBG) correction-briggs-stratton-declares-quarterly-dividend-authorizes-50-mln-stock-repurchase-program-nysebbg/ correction-briggs-stratton-declares-quarterly-dividend-authorizes-50-mln-stock-repurchase-program-nysebbg/#respond Fri, 22 Apr 2016 00:28:02 +0000 ?p=50755 An earlier version of this story incorrectly named the company as Bill Barrett (NYSE:BBG). This has been corrected to Briggs & Stratton (BGG); the stock’s movement and price has been…

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An earlier version of this story incorrectly named the company as Bill Barrett (NYSE:BBG). This has been corrected to Briggs & Stratton (BGG); the stock’s movement and price has been updated as well. Briggs & Stratton (BGG), producer of air cooled gasoline engines for outdoor power equipment, said Thursday its board of directors has declared a quarterly dividend of $0.135 per share of common stock, payable June 30 to shareholders of record at the close of business June 17. The board also authorized $50 million in funds for use in the company’s stock repurchase program with an expiration of June 29, 2018. Shares are down 1.1% at $22.83 with a 52-week range of $15.47 – $24.48. .

The stock decreased 0.26% or $0.02 during the last trading session, hitting $7.81. About 1.35 million shares traded hands. Bill Barrett Corporation (NYSE:BBG) has risen 114.52% since September 15, 2015 and is uptrending. It has outperformed by 108.24% the S&P500.

Bill Barrett Corporation, an independent energy company, acquires, explores for, and develops oil and natural gas resources in the United States. It primarily holds interests in the Denver-Julesburg basin and the Uinta oil program in the Uinta Basin in the Rocky Mountain region of the United States. The company was founded in 2002 and is headquartered in Denver, Colorado.

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Bill Barrett Declares Quarterly Dividend, Authorizes $50 Mln Stock Repurchase Program (NYSE:BBG) bill-barrett-declares-quarterly-dividend-authorizes-50-mln-stock-repurchase-program-nysebbg/ bill-barrett-declares-quarterly-dividend-authorizes-50-mln-stock-repurchase-program-nysebbg/#respond Thu, 21 Apr 2016 23:39:46 +0000 ?p=50733 Bill Barrett (NYSE:BBG), an independent energy company, said Thursday its board of directors has declared a quarterly dividend of $0.135 per share of common stock, payable June 30 to shareholders…

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Bill Barrett (NYSE:BBG), an independent energy company, said Thursday its board of directors has declared a quarterly dividend of $0.135 per share of common stock, payable June 30 to shareholders of record at the close of business June 17. The board also authorized $50 million in funds for use in the company’s stock repurchase program with an expiration of June 29, 2018. Shares are up 1.7% at $7.96 with a 52-week range of $2.19 – $11.72.

The stock is down 1.02% or $0.08 after the news, hitting $7.73 per share. About 1.35M shares traded hands. Bill Barrett Corporation (NYSE:BBG) has risen 114.52% since September 15, 2015 and is uptrending. It has outperformed by 108.24% the S&P500.

Bill Barrett Corporation, an independent energy company, acquires, explores for, and develops oil and natural gas resources in the United States. It primarily holds interests in the Denver-Julesburg basin and the Uinta oil program in the Uinta Basin in the Rocky Mountain region of the United States. The company was founded in 2002 and is headquartered in Denver, Colorado.

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Mid-Day ETF Update: ETFs, Stocks Lower as Street Mulls Mixed Economic Data, Earnings (NYSEARCA:SPY) mid-day-etf-update-etfs-stocks-lower-as-street-mulls-mixed-economic-data-earnings-nysearcaspy/ mid-day-etf-update-etfs-stocks-lower-as-street-mulls-mixed-economic-data-earnings-nysearcaspy/#respond Thu, 21 Apr 2016 23:24:21 +0000 ?p=50726 Active broad-market exchange-traded funds in Thursday’s regular session: Market Vectors Gold Miners ETF (GDX): +2.2% iShares MSCI Emerging Index Fund (EEM): -0.6% SPDR S&P 500 (NYSEARCA:SPY): -0.3% iPath S&P 500…

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Active broad-market exchange-traded funds in Thursday’s regular session: Market Vectors Gold Miners ETF (GDX): +2.2% iShares MSCI Emerging Index Fund (EEM): -0.6% SPDR S&P 500 (NYSEARCA:SPY): -0.3% iPath S&P 500 VIX ST Futures ETN (VXX): +2% SPDR Select Sector Fund – Financial (XLF): -0.6% Broad Market Indicators Broad-market exchange-traded funds, including SPY, IWM and IVV edged lower. Actively traded PowerShares QQQ (QQQ) was down 0.1%. U.S. stocks were lower in the session’s half as investors mulled mixed earnings and economic data. General Motors (GM) and Under Armour (UA) were among gainers after reporting better -than-expected results, while Travelers Cos. (TRV) and Mattel (MAT) were among losers after weak earnings results. Meanwhile, in economic data, weekly jobless claims fell by 6,000 to 247,000 – the lowest level in 42 years. Expectations were for claims to rise to 265,000. The Conference Board reported that its index of leading indicators rose 0.2% in March to 123.4, versus forecasts for a 0.5% gain. Finally, the Philadelphia Fed’s index of factory conditions fell to a reading of -1.6, versus forecasts for a forecast a reading of 10.5 in April. Power Play: Technology Tech funds were trading lower, lagging behind the broader market. Technology Select Sector SPDR ETF (XLK), iShares Dow Jones US Technology ETF (IYW), iShares S&P North American Technology ETF (IGM) and iShares S&P North American Technology-Software Index (IGV) were weaker. SPDR S&P International Technology Sector ETF (IPK) was flat. Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) was down 0.8% and Semiconductor Sector Index Fund (SOXX) was down 0.6%. ServiceNow (NOW) was up 14.4% after it reported Q1 non-GAAP net income of $14.5 million, or $0.09 per share, topping the average of estimates compiled by Capital IQ by two cents. That’s a jump from the year earlier income of $2.5 million, or $0.01 per diluted share. Revenue rose 44% to $305.9 million, exceeding the Street’s view for $300.8 million.

For Q2, the company guided revenue between $332 and $335 million, while 24 analysts see $333.8 million. For FY 2016, ServiceNow expects revenue between $1.355 billion and $1.38 billion. The Street’s view is for $1.36 billion. Winners and Losers Financial Select Financial Sector SPDRs (XLF) was down 0.5%. Direxion Daily Financial Bull 3X shares (FAS) was down 1.4% while its bearish counterpart, FAZ, was up 1.5%. Greenhill & Co. (GHL) was up 8.8% after it reported that for Q1, its net income was $4.4 million or $0.14 per share, on revenue of $66.9 million. This compares to the prior-year period’s net income of $7.6 million or $0.25 per share on revenue of $61.9 million. Analysts polled by Capital IQ were expecting EPS of $0.17 on revenue of $51.9 million. Energy Dow Jones U.S. Energy Fund (IYE) was up 0.5%; Energy Select Sector SPDR (XLE) was up 0.4%. Petroquest Energy Inc (PQ) was up 13.2% after the company said it has sold the majority of its remaining Woodford Shale assets in the East Hoss field for gross proceeds of $18 million. The company said that as of March 31, it had approximately $71 million in cash, pro forma for the gross proceeds received in the East Hoss sale. In addition, the company said it continues to have no borrowings outstanding under its bank credit facility. Commodities Crude was down 1.4%; United States Oil Fund (USO) was up 0.4%. Natural gas was up 0.7% and United States Natural Gas Fund (UNG) was up 0.1%.

Gold was down 0.1%, while silver was down 0.02%. Among rare metal funds, SPDR Gold Trust (GLD) was up 0.5% and iShares Silver Trust (SLV) was up 0.9%. Consumer Consumer staples funds were lower, in step with the broader market. Consumer Staples Select Sector SPDR (XLP), iShares Dow Jones US Consumer Goods (IYK) and Vanguard Consumer Staples ETF (VDC) were in negative territory. Consumer Discretionary Select Sector SPDR (XLY) and retail funds SPDR S&P Retail (XRT), PowerShares Dynamic Retail (PMR) and Market Vectors Retail ETF (RTH) were also in the red. Viacom (VIA, VIAB) said it renewed a multi-year contract with pay-TV service provider DISH Network (DISH). The agreement ensures that DISH customers will have uninterrupted access to Viacom networks, and sets the stage for various Viacom live and on-demand content to join Dish’s Sling TV services in coming months, the companies said. Specific packaging details weren’t disclosed. VIA shares were up 8.9% while DISH shares were up 1.5%. Health Care Health care funds were higher, ahead of the broader market. Health Care SPDR (XLV), iShares Dow Jones US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were in the green. Biotech ETF iShares NASDAQ Biotechnology Index (IBB) was up 2%. TransEnterix (TRXC) fell 56% to its lowest level since August 2013 after the medical device company said late Wednesday that the U.S. Food and Drug Administration (FDA) notified the company that the SurgiBot System does not meet the criteria for substantial equivalence based upon the data and information submitted by the company in its 510(k) submission. Todd M. Pope, president and CEO of TransEnterix, said, “The FDA’s decision is extremely disappointing. We are in the process of reviewing all aspects of the FDA’s communication. We will work to complete this review, and will provide an update on the regulatory strategy for the SurgiBot System together with our first quarter 2016 financial and operating results during our quarterly conference call on May 10, 2016.”

The ETF decreased 0.56% or $1.17 on April 21, hitting $208.9. SPDR S&P 500 ETF Trust (NYSEARCA:SPY) has risen 5.87% since September 15, 2015 and is uptrending. It has underperformed by 0.41% the S&P500.

SPDR S&P 500 ETF Trust is a unit investment trust. The ETF has a market cap of $185.02 billion. The Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index (the Index). It currently has negative earnings. The Trust seeks to achieve this investment objective by holding a portfolio of the common stocks that are included in the Index (the Portfolio), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the Index.

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Orchids Paper Products Q1 Results Tops Street Estimates, Declares Unchanged Dividend; Shares Gain 8% (NYSEMKT:TIS) orchids-paper-products-q1-results-tops-street-estimates-declares-unchanged-dividend-shares-gain-8-nysemkttis/ orchids-paper-products-q1-results-tops-street-estimates-declares-unchanged-dividend-shares-gain-8-nysemkttis/#respond Thu, 21 Apr 2016 23:13:07 +0000 ?p=50721 Shares of Orchids Paper Products Company (NYSEMKT:TIS) are more than 8% higher and at its highest level this year after reporting better-than-expected Q1 financial results. After the close on Wednesday,…

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Shares of Orchids Paper Products Company (NYSEMKT:TIS) are more than 8% higher and at its highest level this year after reporting better-than-expected Q1 financial results. After the close on Wednesday, the company reported adjusted net income of $5.8 million, or $0.56 per share, beating the consensus estimate from Capital IQ of $0.30 per share.

This compares to adjusted net income of $3.9 million, or $0.38 per share for the same quarter last year. Total revenue of $47.7 million was up from $41.9 million from Q1 2015, and beat the estimated $43.2 million. Additionally, the company declared a quarterly dividend of $0.35 per share, unchanged from the previous quarter, payable on May 16 to shareholders of record as of May 2. TIS last traded at $30.16, near the high of its 52-week range of $21.42 to $32.50.

The stock increased 7.93% or $2.21 during the last trading session, hitting $30.09. About 207,306 shares traded hands or 359.37% up from the average. Orchids Paper Products Company (NYSEMKT:TIS) has risen 13.20% since September 15, 2015 and is uptrending. It has outperformed by 6.91% the S&P500.

Orchids Paper Products Company manufactures and sells tissue products for at-home and away from home markets in the United States. Its products include paper towels, bathroom tissues, and paper napkins.

The company offers its products under Colortex, My Size, Velvet, Big Mopper, Linen Soft, Soft & Fluffy, and Tackle brands; and licensed brands, such as Virtue, Truly Green, Golden Gate Paper, and Big Quality. It also sells parent rolls to other converters. The company serves discount retailers, grocery stores, grocery wholesalers and cooperatives, convenience stores, janitorial supply stores, and stores in the food service market. Orchids Paper Products Company was founded in 1976 and is headquartered in Pryor, Oklahoma.

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Greenhill Jumps 9% – Q1 Results Top Expectations; Maintains $0.45 Quarterly Dividend (NYSE:GHL) greenhill-jumps-9-q1-results-top-expectations-maintains-0-45-quarterly-dividend-nyseghl/ greenhill-jumps-9-q1-results-top-expectations-maintains-0-45-quarterly-dividend-nyseghl/#respond Thu, 21 Apr 2016 23:10:52 +0000 ?p=50720 Shares of Greenhill & Co. (NYSE:GHL) were surging Thursday after the investment banking firm reported late Wednesday better-than-expected Q1 results and maintained a quarterly dividend of $0.45 a share. Q1…

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Shares of Greenhill & Co. (NYSE:GHL) were surging Thursday after the investment banking firm reported late Wednesday better-than-expected Q1 results and maintained a quarterly dividend of $0.45 a share. Q1 net income available to shareholders was $4.4 million or $0.14 per share, down from $7.6 million or $0.25 per share a year earlier but beating the GAAP consensus of $0.09 per share provided by Capital IQ. Revenues rose to $66.9 million from $61.9 million in the year-ago period, topping the $51.9 million mean estimate. Commenting on the results, chairman Robert Greenhill said the improved Q1 revenues were “constrained by the fact that almost none of our large announced transactions reached completion in the quarter, as well as the fact that we, along with the entire market, experienced a relatively low level of new transaction announcements in the quarter. However, we expect both of those factors to swing back in our favor in months to come, resulting in improved revenue levels.” The company said the unchanged quarterly dividend of $0.45 a share is payable on June 22 to holders of record on June 8. Shares were moving in the lower half of their 52-week range of $18.79 to $43.99.

The stock increased 7.14% or $1.43 during the last trading session, hitting $21.46. About 1.01 million shares traded hands or 85.40% up from the average. Greenhill & Co., Inc. (NYSE:GHL) has declined 39.03% since September 15, 2015 and is downtrending. It has underperformed by 45.31% the S&P500.

Greenhill & Co., Inc., together with its subsidiaries, operates as an independent investment bank for corporations, partnerships, institutions, and governments worldwide. The company provides financial advisory services primarily related to mergers and acquisitions, restructurings, financings, and capital raisings. It is involved in the provision of advisory services to clients in relation to domestic and cross-border mergers, acquisitions, divestitures, spin-offs, and other strategic transactions, as well as various stages of these transactions, from initial structuring to final execution.

The company also advises clients on strategic matters, such as activist response, defensive tactics, special committee projects, licensing deals, joint ventures, valuation, negotiation tactics, industry dynamics, structuring alternatives, and timing and pricing of transactions, as well as financing alternatives. In addition, it engages in advising debtors, creditors, governments, pension funds, and other stakeholders in companies experiencing financial distress, as well as potential acquirers of distressed companies and assets. Further, the company assists the clients, who seek court-assisted reorganizations by developing and seeking approval for plans of reorganization, as well as in the implementation of such plans. It also assists general partners, fund managers, and sponsors in raising capital for new funds; and provides related advisory services to pension funds, sovereign wealth funds, endowments, and other institutional investors, as well as on secondary market transactions. The company was founded in 1996 and is headquartered in New York, New York.

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United Bancorp to Pay Unchanged $0.10 Quarterly Dividend (NASDAQ:UBCP) united-bancorp-to-pay-unchanged-0-10-quarterly-dividend-nasdaqubcp/ united-bancorp-to-pay-unchanged-0-10-quarterly-dividend-nasdaqubcp/#respond Thu, 21 Apr 2016 22:40:36 +0000 ?p=50706 United Bancorp (NASDAQ:UBCP) said Thursday that it will pay a quarterly cash dividend on its common stock of $0.10 per share on June 20 to shareholders of record on June…

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United Bancorp (NASDAQ:UBCP) said Thursday that it will pay a quarterly cash dividend on its common stock of $0.10 per share on June 20 to shareholders of record on June 10. The bank holding company maintained its dividend rate from the previous quarter. Shares were 1% higher in midday trading, within a narrow band of $7.70 – $10.90.

The stock decreased 0.86% or $0.08 on April 21, hitting $9.22. About 75 shares traded hands. United Bancorp, Inc. (NASDAQ:UBCP) has risen 16.71% since September 15, 2015 and is uptrending. It has outperformed by 10.42% the S&P500.

United Bancorp, Inc. operates as the bank holding company for The Citizens Savings Bank that provides commercial and retail banking services to individuals, businesses, and other organizations in northeastern, east-central and southeastern Ohio. The company provides a range of services, which include accepting demand, savings, and time deposits, as well as granting commercial, real estate, and consumer loans. It also offers brokerage services through LPL Financial member NASD/SIPC. The company operates through its main office; stand alone operations center in Martins Ferry, Ohio; and 18 branches located in Belmont, Harrison, Jefferson, Tuscarawas, Carroll, Athens, Hocking, and Fairfield counties and the surrounding localities. United Bancorp, Inc. was founded in 1974 and is headquartered in Martins Ferry, Ohio.

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TSXV-Listed Gobimin Reports FY 2015 Net Income of $600K (CVE:GMN) tsxv-listed-gobimin-reports-fy-2015-net-income-of-600k-cvegmn/ tsxv-listed-gobimin-reports-fy-2015-net-income-of-600k-cvegmn/#respond Thu, 21 Apr 2016 21:15:43 +0000 ?p=50667 Gobimin (GMN.V) reported a net profit of $600,000 for FY 2015, unchanged from the previous year. The company reported diluted EPS of $0.003 for 2015 (2014: $0.009). Gobimin declared an…

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Gobimin (GMN.V) reported a net profit of $600,000 for FY 2015, unchanged from the previous year. The company reported diluted EPS of $0.003 for 2015 (2014: $0.009). Gobimin declared an annual dividend of $0.01 per share. The dividend is payable on June 23, 2016 to shareholders of record on May 27, 2016.

The stock closed at $0.4 during the last session. It is up 6.00% since March 23, 2016 and is uptrending. It has underperformed by 0.28% the S&P500.

GobiMin Inc. is engaged in the development and exploration of mineral properties, mainly in the Xinjiang Uygur Autonomous Region of the People’s Republic of China (China). The company has a market cap of $21.56 million. The Company, holds a 70% equity interest in Xinjiang Tongyuan Minerals Ltd. (Tongyuan). It has a 61.16 P/E ratio. It is operating and managing the Sawayaerdun Gold Project (Gold Project) through Tongyuan, which is the holder of the mining and exploration licenses of the Zone I and Zone IV mine site covering an area of approximately 1.7094 square kilometers and 20.27 square kilometers respectively.

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CMS Energy to Pay Unchanged $0.31 Quarterly Dividend (NYSE:CMS) cms-energy-to-pay-unchanged-0-31-quarterly-dividend-nysecms/ cms-energy-to-pay-unchanged-0-31-quarterly-dividend-nysecms/#respond Thu, 21 Apr 2016 20:56:00 +0000 ?p=50658 CMS Energy (NYSE:CMS) said Thursday that it will pay a quarterly cash dividend on its common stock of $0.31 per share on May 31 to shareholders of record on May…

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Consumers Energy Co

CMS Energy (NYSE:CMS) said Thursday that it will pay a quarterly cash dividend on its common stock of $0.31 per share on May 31 to shareholders of record on May 6. The energy company maintained its dividend rate from the previous quarter. Shares were 1.5% lower in recent morning trade, above the midpoint of the 52-week range of $31.22 – $42.87.

The stock is up 0.12% or $0.05 after the news, hitting $39.43 per share. About 2.91M shares traded hands or 31.08% up from the average. CMS Energy Corporation (NYSE:CMS) has risen 22.58% since September 15, 2015 and is uptrending. It has outperformed by 16.30% the S&P500.

CMS Energy Corporation operates as an energy company primarily in Michigan. It operates through three segments: Electric Utility, Gas Utility, and Enterprises. The Electric Utility segment engages in the generation, purchase, transmission, distribution, and sale of electricity to residential, commercial, and diversified industrial customers in MichiganÂ’s Lower Peninsula. It operates a network of coal, gas, hydroelectric, oil, and wind generation plants. This segmentÂ’s distribution system includes 434 miles of high-voltage distribution radial lines; 4,251 miles of high-voltage distribution overhead lines; 18 miles of high-voltage distribution underground lines; 56,023 miles of electric distribution overhead lines; 10,383 miles of underground distribution lines; and substations with an aggregate transformer capacity of 24 million thousand volt-amperes.

The Gas Utility segment is involved in the purchase, transmission, storage, distribution, and sale of natural gas. This segmentÂ’s gas transmission, storage, and distribution system comprises 1,686 miles of transmission lines; 15 gas storage fields with a total storage capacity of 309 billion cubic feet and a working gas volume of 151 billion cubic feet; 27,537 miles of distribution mains; and 7 compressor stations with a total of 157,939 installed and available horsepower. The Enterprises segment engages in the independent power production and marketing activities. As of December 31, 2015, this segment had ownership interests in independent power plants fueled by natural gas and biomass totaling 1,177 megawatts. The company also provides unsecured consumer installment loans for financing home improvements. CMS Energy Corporation was founded in 1987 and is headquartered in Jackson, Michigan.

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Allete to Pay Unchanged $0.52 Quarterly Dividend (NYSE:ALE) allete-to-pay-unchanged-0-52-quarterly-dividend-nyseale/ allete-to-pay-unchanged-0-52-quarterly-dividend-nyseale/#respond Thu, 21 Apr 2016 20:42:38 +0000 ?p=50652 Allete (NYSE:ALE) said Thursday that it will pay a quarterly cash dividend on its common stock of $0.52 per share on June 1 to shareholders of record on May 16.…

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Allete (NYSE:ALE) said Thursday that it will pay a quarterly cash dividend on its common stock of $0.52 per share on June 1 to shareholders of record on May 16. The energy company maintained its dividend rate from the previous quarter. Shares were marginally lower in recent morning trade, above the midpoint of the 52-week range of $45.29 – $58.34.

The stock decreased 1.41% or $0.78 on April 21, hitting $54.42. About 385,372 shares traded hands or 29.65% up from the average. ALLETE Inc (NYSE:ALE) has risen 14.88% since September 15, 2015 and is uptrending. It has outperformed by 8.60% the S&P500.

ALLETE, Inc. operates as an energy company. It operates through Regulated Operations, ALLETE Clean Energy, U.S. Water Services, and Corporate and Other segments.

The company generates electricity from coal-fired, hydro, wind, natural gas-fired, and biomass co-fired sources. It provides regulated electric, natural gas, and water services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric service in northeastern Minnesota to approximately 145,000 retail customers and 16 non-affiliated municipal customers. The company also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois.

In addition, it focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 535 MW of nameplate capacity wind energy generation that are under long-term power sales agreements. Further, the company offers integrated water management for industry by combining chemical, equipment, engineering, and service for customized solutions to reduce water and energy usage. Additionally, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 177 substations with a total capacity of 10,980 megavolt amperes. It serves taconite mining, iron concentrate, paper, pulp and wood products, and pipeline industries. The company was founded in 1906 and is headquartered in Duluth, Minnesota.

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Pinnacle West Capital to Pay Unchanged $0.625 Quarterly Dividend (NYSE:PNW) pinnacle-west-capital-to-pay-unchanged-0-625-quarterly-dividend-nysepnw/ pinnacle-west-capital-to-pay-unchanged-0-625-quarterly-dividend-nysepnw/#respond Thu, 21 Apr 2016 19:37:28 +0000 ?p=50637 Pinnacle West Capital (NYSE:PNW) said late Wednesday that it will pay a quarterly cash dividend on its common stock of $0.625 per share on June 1 to shareholders of record…

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Pinnacle West Capital Corp

Pinnacle West Capital (NYSE:PNW) said late Wednesday that it will pay a quarterly cash dividend on its common stock of $0.625 per share on June 1 to shareholders of record on May 2. The energy holding company maintained its dividend rate from the previous quarter. Shares were 1.4% lower in recent morning trade, above the midpoint of the 52-week range of $56.01 – $75.81.

The stock is down 2.25% or $1.64 after the news, hitting $71.27 per share. About 614,449 shares traded hands. Pinnacle West Capital Corporation (NYSE:PNW) has risen 21.15% since September 15, 2015 and is uptrending. It has outperformed by 14.87% the S&P500.

Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the State of Arizona. It generates, transmits, and distributes electricity using coal, nuclear, gas, oil, and solar resources. The company serves approximately 1.2 million customers. It owns or leases approximately 6,186 megawatts of regulated generation capacity. The company was founded in 1920 and is headquartered in Phoenix, Arizona.

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Aspen Insurance Holdings Raises Quarterly Dividend (NYSE:AHL) aspen-insurance-holdings-raises-quarterly-dividend-nyseahl/ aspen-insurance-holdings-raises-quarterly-dividend-nyseahl/#respond Thu, 21 Apr 2016 19:24:32 +0000 ?p=50631 Aspen Insurance Holdings (NYSE:AHL) has declared a quarterly dividend of $0.22 per share, an increase of a penny from the previous dividend of $0.21 per share. The dividend is payable…

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Aspen Insurance Holdings (NYSE:AHL) has declared a quarterly dividend of $0.22 per share, an increase of a penny from the previous dividend of $0.21 per share. The dividend is payable on May 25 to shareholders of record as of May 9. Shares are nearly unchanged at $47.84 with a 52-week range of $40.34 to $51.53.

The stock is down 1.55% or $0.74 after the news, hitting $47.08 per share. About 157,342 shares traded hands. Aspen Insurance Holdings Limited (NYSE:AHL) has risen 3.44% since September 15, 2015 and is uptrending. It has underperformed by 2.85% the S&P500.

Aspen Insurance Holdings Limited, through its subsidiaries, engages in insurance and reinsurance businesses worldwide. Its Insurance segment offers property and casualty insurance, including U.S. and the United Kingdom commercial property and construction business, commercial liability, U.S. specialty casualty, excess casualty, environmental liability, and programs business; and marine and energy liability, onshore and offshore energy physical damage, marine hull, specie, inland marine and ocean risks, and aviation insurance products. This segment also provides financial and professional lines insurance products against financial and corporate risks, professional liability, management liability, credit and political risks, accident and specialty risks, and surety risks.

The companyÂ’s Reinsurance segment offers property catastrophe reinsurance; other property reinsurance, such as property, engineering and construction, risks excess of loss and proportional treaty reinsurance, and facultative or single risk reinsurance; and casualty reinsurance, including the United States (U.S.) treaty, international treaty, and casualty facultative reinsurance. This segment also provides specialty reinsurance comprising credit and surety, agriculture, marine, aviation, terrorism, engineering, and other specialty lines. The company distributes its products primarily through brokers and reinsurance intermediaries. Aspen Insurance Holdings Limited was founded in 2002 and is based in Hamilton, Bermuda.

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Crestwood Equity Partners Skyrockets 54% on Strategic Joint Venture With ConEd, Lowers Quarterly Distribution (NYSE:CEQP) crestwood-equity-partners-skyrockets-54-on-strategic-joint-venture-with-coned-lowers-quarterly-distribution-nyseceqp/ crestwood-equity-partners-skyrockets-54-on-strategic-joint-venture-with-coned-lowers-quarterly-distribution-nyseceqp/#respond Thu, 21 Apr 2016 19:13:42 +0000 ?p=50626 Shares of Crestwood Equity Partners (NYSE:CEQP) are soaring on Thursday after the company announced a strategic joint venture with Consolidated Edison (ED) to own and develop Crestwood’s existing natural gas…

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Shares of Crestwood Equity Partners (NYSE:CEQP) are soaring on Thursday after the company announced a strategic joint venture with Consolidated Edison (ED) to own and develop Crestwood’s existing natural gas pipeline and storage business located in northern Pennsylvania and southern New York. Crestwood will contribute its existing natural gas pipeline and storage business to a new entity, Stagecoach Gas Services, and a subsidiary of Con Edison Transmission which is a wholly-owned subsidiary of Con Edison, will purchase a 50% equity interest in Stagecoach Gas Services for approximately $975 million, with an implied market value of almost $2 billion. The transaction is expected to be substantially completed in the second quarter of 2016.

Additionally, Crestwood also revised its 2016 outlook based on the assumption that the Con Edison deal closes June 1. The company now expects adjusted EBITDA of $435 million to $465 million versus $490 million to $520 million; distributable cash flow of $275 million to $305 million; and growth capital spending and JV contributions of $50 million to $75 million, unchanged from its previous forecast. The company is also cutting its quarterly distribution to $0.60 per share from $1.38 previously. The distribution is payable on May 13 for shareholders of record as of May 6. Shares last traded at $19.79 with a 52-week range of $7.90 to $70.00.

The stock is up 44.99% or $5.75 after the news, hitting $18.53 per share. About 7.75M shares traded hands or 754.99% up from the average. Crestwood Equity Partners LP (NYSE:CEQP) has declined 47.62% since September 15, 2015 and is downtrending. It has underperformed by 53.91% the S&P500.

Crestwood Equity Partners LP provides infrastructure solutions to liquids-rich natural gas and crude oil shale plays in the United States. It operates through three segments: Gathering and Processing; Storage and Transportation; and Marketing, Supply, and Logistics. The Gathering and Processing segment provides gathering, processing, treating, compression, and transportation services to producers in unconventional shale plays and tight-gas plays in Arkansas, Louisiana, New Mexico, North Dakota, Texas, West Virginia, and Wyoming. The Storage and Transportation segment offers natural gas and crude oil storage and transportation services to producers, utilities, and other customers. This segment owns and operates natural gas storage facilities with approximately 79.3 billion cubic feet of working gas storage capacity.

The Marketing, Supply, and Logistics segment provides NGL and crude oil storage, marketing, and transportation services to producers, refiners, marketers and other customers. This segment also produces salt. Crestwood Equity GP LLC serves as the general partner of Crestwood Equity Partners LP. The company was formerly known as Inergy L.P. and changed its name to Crestwood Equity Partners LP in October 2013. The company was founded in 2001 and is headquartered in Houston, Texas. Crestwood Equity Partners LP is a subsidiary of Crestwood Holdings LLC.

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Magellan Midstream Partners L.P Declares 56th Increase in Quarterly Dividend Since IPO in 2001 (NYSE:MMP) magellan-midstream-partners-l-p-declares-56th-increase-in-quarterly-dividend-since-ipo-in-2001-nysemmp/ magellan-midstream-partners-l-p-declares-56th-increase-in-quarterly-dividend-since-ipo-in-2001-nysemmp/#respond Thu, 21 Apr 2016 18:23:14 +0000 ?p=50603 Magellan Midstream Partners L.P (NYSE:MMP) said its board increased a quarterly cash distribution to 80.25 cents per unit for Q1, representing the 56th distribution increase since its initial public offering…

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Magellan Midstream Partners LP

Magellan Midstream Partners L.P (NYSE:MMP) said its board increased a quarterly cash distribution to 80.25 cents per unit for Q1, representing the 56th distribution increase since its initial public offering in 2001. The distribution is 12% higher than a 71.75-cent per unit payout a year ago and represents a 2% increase over the Q4 distribution of 78.5 cents, according to a company statement Thursday. The new distribution, which equates to $3.21 per unit on an annualized basis, will be paid May 13 to unitholders of record at the close of business on May 2. Magellan shares trade in the upper half of their 52-week price range of $54.51 – $85.49.

The stock is down 0.53% or $0.37 after the news, hitting $69.49 per share. About 555,935 shares traded hands. Magellan Midstream Partners, L.P. (NYSE:MMP) has risen 8.15% since September 15, 2015 and is uptrending. It has outperformed by 1.87% the S&P500.

Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. It operates through Refined Products, Crude Oil, and Marine Storage segments.

The company operates refined products pipeline that transports gasoline, distillates, aviation fuels, and liquefied petroleum gases for independent and integrated oil companies, wholesalers, retailers, traders, railroads, airlines, and regional farm cooperatives; leases pipeline and storage tank capacity to shippers; and provides services, including terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing, and data services. It also owns and operates crude oil pipelines and storage facilities; and marine terminals located along coastal waterways that provide distribution, storage, blending, inventory management, and additive injection services for refiners, marketers, traders, and other end users of petroleum products. As of December 31, 2015, the company had 9,500-mile refined products pipeline system with 52 terminals, as well as 28 independent terminals; 1,100-mile ammonia pipeline system; approximately 1,700 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 22 million barrels; and 5 marine terminals located along coastal waterways with an aggregate storage capacity of approximately 26 million barrels. Magellan Midstream Partners, L.P. was founded in 2000 and is headquartered in Tulsa, Oklahoma.

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Heritage Financial Raises Quarterly Dividend By A Penny (NASDAQ:HFWA) heritage-financial-raises-quarterly-dividend-by-a-penny-nasdaqhfwa/ heritage-financial-raises-quarterly-dividend-by-a-penny-nasdaqhfwa/#respond Thu, 21 Apr 2016 18:05:44 +0000 ?p=50595 Heritage Financial (NASDAQ:HFWA) has declared a quarterly dividend of $0.12 per share, a penny increase from the previous dividend of $0.11 per share. The dividend is payable on May 19…

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Heritage Financial (NASDAQ:HFWA) has declared a quarterly dividend of $0.12 per share, a penny increase from the previous dividend of $0.11 per share. The dividend is payable on May 19 to shareholders of record as of May 5. Earlier today, the company reported mixed financial results for Q1, with better-than-expected earnings, and revenue in line with analysts’ estimates. Shares are more than 4% higher at $18.71, near the high of its 52-week range of $16.42 to $19.80.

The stock is down 0.67% or $0.12 after the news, hitting $17.78 per share. About 13,791 shares traded hands. Heritage Financial Corp (NASDAQ:HFWA) has declined 3.61% since September 15, 2015 and is downtrending. It has underperformed by 9.89% the S&P500.

Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium size businesses and general public. The company accepts various deposit products, such as noninterest demand accounts, negotiable order of withdrawal accounts, money market accounts, savings accounts, and certificates of deposit.

Its loan portfolio includes commercial and industrial loans, owner-occupied and non-owner occupied commercial real estate loans, one-to-four family residential loans, real estate construction and land development loans, consumer loans, business lines of credit, term equipment financing, and term real estate loans, as well as commercial loans to real estate related industries and businesses in agricultural, healthcare, legal, and other professions. As of January 28, 2016, the company had a network of 66 branches located in Washington and Oregon. The company was formerly known as Heritage Financial Corporation, M.H.C. and changed its name to Heritage Financial Corporation in 1998. Heritage Financial Corporation was founded in 1994 and is headquartered in Olympia, Washington.

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People’s United Financial Q1 EPS Meets, Revenues Narrowly Miss Views – Shares Inch Up (NASDAQ:PBCT) peoples-united-financial-q1-eps-meets-revenues-narrowly-miss-views-shares-inch-up-nasdaqpbct/ peoples-united-financial-q1-eps-meets-revenues-narrowly-miss-views-shares-inch-up-nasdaqpbct/#respond Thu, 21 Apr 2016 17:46:21 +0000 ?p=50586 People’s United Financial (NASDAQ:PBCT) shares were edging higher Thursday morning after the bank holding firm reported in line earnings for Q1 on slightly higher revenues that narrowly missed forecasts compiled…

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Peoples United Financial Inc

People’s United Financial (NASDAQ:PBCT) shares were edging higher Thursday morning after the bank holding firm reported in line earnings for Q1 on slightly higher revenues that narrowly missed forecasts compiled by Capital IQ. Q1 net income was $62.9 million or $0.21 per share, up from $59.2 million or $0.20 per share and matching analysts’ expectations.

Revenues expressed as net interest income plus non-interest income were $322.4 million, up slightly from $317.1 million a year earlier but falling short of the $329.4 million consensus. The company’s board voted to boost the annual dividend by a penny to $0.68 per share, and declared a quarterly dividend of $0.17 per share, up from the prior quarterly distribution of $0.1675 a share. The dividend is payable on May 15 to holders of record on May 1. Shares were moving in the upper end of the narrow 52-week range of $13.62 to $16.95.

The stock is down 3.43% or $0.56 after the news, hitting $15.91 per share. About 3.63M shares traded hands. People’s United Financial, Inc. (NASDAQ:PBCT) has risen 4.97% since September 15, 2015 and is uptrending. It has underperformed by 1.32% the S&P500.

PeopleÂ’s United Financial, Inc. operates as the bank holding company for PeopleÂ’s United Bank, National Association that provides commercial banking, retail banking, and wealth management services to individual, corporate, and municipal customers. The company operates in two segments, Commercial Banking and Retail Banking. The Commercial Banking segment offers commercial real estate lending, commercial and industrial lending, and commercial deposit gathering services. This segment also provides equipment financing; cash management, correspondent banking, and municipal banking services; institutional trust, corporate trust, private banking, and insurance services.

The Retail Banking segment offers consumer lending, including residential mortgage and home equity lending; and consumer deposit gathering services. This segment also provides brokerage, financial advisory, investment management, life insurance, and non-institutional trust services. The company also offers online banking, investment trading, and telephone banking services. It operates through a network of 396 branches and 594 ATMs in Connecticut, southeastern New York, Massachusetts, Vermont, New Hampshire, and Maine. PeopleÂ’s United Financial, Inc. was founded in 1842 and is headquartered in Bridgeport, Connecticut.

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Monarch Financial Q1 Profit Increases 17%, Tops Estimates (NASDAQ:MNRK) monarch-financial-q1-profit-increases-17-tops-estimates-nasdaqmnrk/ monarch-financial-q1-profit-increases-17-tops-estimates-nasdaqmnrk/#respond Thu, 21 Apr 2016 17:31:01 +0000 ?p=50579 Monarch Financial Holdings (NASDAQ:MNRK), the bank holding company for Monarch Bank, reported higher a 17% higher-than-expected increase in first-quarter profit. Net income rose to $4.1 million, or $0.34 per diluted…

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Monarch Financial Holdings (NASDAQ:MNRK), the bank holding company for Monarch Bank, reported higher a 17% higher-than-expected increase in first-quarter profit. Net income rose to $4.1 million, or $0.34 per diluted share, in the January-to-March quarter, from $3.5 million, or $0.29 per diluted share, a year earlier. That surpassed the $0.26 estimate of one analyst polled by Capital IQ.

Q1 net interest income rose to $11.5 million from $10.6 million year-over-year. Also on Thursday, the company announced a stock cash dividend of $0.09 per common share, unchanged from the dividend paid in the previous quarter. This dividend is payable on May 27 to shareholders of record on May 10. Shares of the Chesapeake, Virginia-based company closed 0.6% higher on Wednesday. The stock has gained 43% over the past twelve months.

The stock is up 0.83% or $0.15 after the news, hitting $18.14 per share. About 9,141 shares traded hands. Monarch Financial Holdings, Inc. (NASDAQ:MNRK) has risen 60.89% since September 15, 2015 and is uptrending. It has outperformed by 54.60% the S&P500.

Monarch Financial Holdings, Inc. operates as the bank holding company for Monarch Bank that provides various commercial and retail banking products and services for businesses, professionals, corporate executives, and individuals. Its deposit products include checking accounts, savings accounts, and time deposits. The companyÂ’s loan portfolio comprises consumer loans, including home equity lines of credit; professional lines of credit; and secured and unsecured loans for financing automobiles, home improvements, education, and personal investments, as well as real estate construction, acquisition, and development loans.

Its loan portfolio also consists of secured and unsecured commercial loans for working capital, including inventory and receivables; business expansion, such as acquisition of real estate and improvements; and the purchase of equipment and machinery, as well as loans secured by commercial real estate. The company also offers investment advisory services, insurance sales, safe deposit boxes, check and bankcard services, online banking services, direct deposit of payroll and social security checks, and automatic drafts for various accounts; commercial mortgage brokerage services in the placement of primarily long-term fixed-rate debt for the commercial, hospitality, and multi-family housing markets; and Internet and mobile banking, remote deposit capture, online cash management, and ATM services. As of December 31, 2015, it operated 10 banking offices, 4 commercial lending offices, and 11 residential mortgage offices in the cities of Chesapeake, Norfolk, Newport News, Richmond, Williamsburg, and Virginia Beach, Virginia; 2 full-service banking offices and 1 residential mortgage office in the towns of Kitty Hawk and Nags Head, North Carolina; and 29 residential mortgage offices in Virginia, North Carolina, South Carolina, and Maryland. The company was founded in 1998 and is headquartered in Chesapeake, Virginia.

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Main Street Capital Declares Supplemental Semi-Annual Dividend (NYSE:MAIN) main-street-capital-declares-supplemental-semi-annual-dividend-nysemain/ main-street-capital-declares-supplemental-semi-annual-dividend-nysemain/#respond Thu, 21 Apr 2016 17:15:34 +0000 ?p=50572 Main Street Capital (NYSE:MAIN) has declared a semi-annual supplemental cash dividend of $0.275 per share, payable on June 27 to shareholders of record as of June 20. This is in…

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Main Street Capital (NYSE:MAIN) has declared a semi-annual supplemental cash dividend of $0.275 per share, payable on June 27 to shareholders of record as of June 20. This is in addition to the regular quarterly dividend of $0.18 per share that will be paid on May 16. Shares closed on Wednesday at $31.32, near the high of its 52-week range of $24.21 to $33.15.

The stock is down 0.38% or $0.12 after the news, hitting $31.2 per share. About 116,132 shares traded hands. Main Street Capital Corporation (NYSE:MAIN) has risen 10.13% since September 15, 2015 and is uptrending. It has outperformed by 3.84% the S&P500.

Main Street Capital Corporation is a business development company specializing in long- term equity and debt investments in small and lower middle market companies. The firm focuses on investments in, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, change of control transactions, ownership transitions, recapitalizations, strategic acquisitions, refinancing, business expansion capital, growth financings, family estate planning, and other growth initiatives primarily for later stage businesses. It invests in consumer discretionary, consumer staples, energy, healthcare, industrials, information technology, materials, telecommunication services, and utilities sectors. It does not seek to invest in start-up companies or companies with speculative business plans.

It seeks to invest in traditional or basic businesses. The firm primarily invests in companies based in the Southern, South Central, and Southwestern regions of the United States but also considers other domestic investment opportunities. It invests between $2 million and $75 million in companies with revenues between $5 million and $300 million, enterprise values between $3 million and $50 million, and EBITDA between $1 million and $20 million. The firm seeks to charge a fixed interest rate between 12 percent and 14 percent, payable in cash, in case of its mezzanine loan investments.

The firm typically invests in the form of term debt with equity participation and/or direct equity investments. It prefers to maintain fully diluted minority and majority equity positions in its portfolio companies of 5 percent to 50 percent, and may have controlling interests in some instances. The firm also co-invests with other investment firms. It seeks to exit its debt investments through the repayment of the investment from internally generated cash flow and/or refinancing within a period of three to seven years. It participates in warrants, PIK (Payment in Kind) interest, convertible securities, junior secured or unsecured, senior secured debt, unitranche debt, equity related, common equity, and preferred equity. Main Street Capital Corporation was founded in 1997 and is based at Houston, Texas.

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ETF Preview: Broad Market ETFs Gain in Line With Futures, Metals Funds Outperform (NYSEARCA:SPY) etf-preview-broad-market-etfs-gain-in-line-with-futures-metals-funds-outperform-nysearcaspy/ etf-preview-broad-market-etfs-gain-in-line-with-futures-metals-funds-outperform-nysearcaspy/#respond Thu, 21 Apr 2016 16:18:32 +0000 ?p=50561 Pre-Market movers Thursday: NUGT +9% GDXJ +6% AGQ +6.5% TVIX +0.6% XIV -0.4% Broad Market Indicators Broad-market exchange-traded funds, including SPY, IWM and IVV were higher. Actively traded PowerShares QQQ…

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Pre-Market movers Thursday: NUGT +9% GDXJ +6% AGQ +6.5% TVIX +0.6% XIV -0.4% Broad Market Indicators Broad-market exchange-traded funds, including SPY, IWM and IVV were higher. Actively traded PowerShares QQQ (QQQ) was up 0.1%. Precious metal funds were the best performers, reflecting a gain in the underlying price of the commodities. Silver earlier this week entered a bull market on expectations a pick up in China will boost demand for the metal, which has widespread industrial uses. Direxion Daily Gold Miners Bull 3X ETF (NUGT) was up 10% and the best performer pre-bell while ProShares Ultra Silver (AGQ) was up 7%. U.S. stock futures are pointing to a higher open as bullish jobless figures outweighed a miss in the April Philadelphia Fed Business Outlook survey. Initial jobless claims fell 6,000 to 247,000 in the week ending April 9th, handily topping estimates for a gain of 12,000 to 265,000. However, the April Philadelphia Fed Business Outlook Index fell to -1.6 From +12.4, missing +9.0% estimates, while the March Chicago Fed National Activity Index fell to 0.44 from a revised 0.38 in February. Power Play: Commodities Crude was up 0.1%; United States Oil Fund (USO) gained 1.5%. Natural gas was barely changed and United States Natural Gas Fund (UNG) slipped 0.3%. Gold was up 1.9%, while silver was up 1.3%.

Among rare metal funds, SPDR Gold Trust (GLD) was up 2.7% and iShares Silver Trust (SLV) was up 3.8%. Winners and Losers Technology Technology Select Sector SPDR ETF (XLK), iShares Dow Jones US Technology ETF (IYW), iShares S&P North American Technology ETF (IGM) and iShares S&P North American Technology-Software Index (IGV) all inactive after closing higher. SPDR S&P International Technology Sector ETF (IPK) was also flat. Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) and Semiconductor Sector Index Fund (SOXX) were unchanged and closed higher. Verizon Communications (VZ), a wireless network provider, reported Q1 results in line with the Street view on earnings per share as revenues fell short of expectations. The company reported Q1 net income of $4.43 billion, or $1.06 per share, up from $4.34 billion, or $1.02 per share, in Q1 2015 and in line with analyst estimates of $1.06. No adjustments were made to EPS for the quarter. Total revenues of $32.17 billion were up from $31.98 billion in Q1 2015 but fell short of analyst projections of $32.48 billion. Financial Select Financial Sector SPDRs (XLF) fell 0.7%. Direxion Daily Financial Bull 3X shares (FAS) gained 0.7% while its bearish counterpart, FAZ, was unchanged. Home BancShares (HOMB), parent company of Centennial Bank, reported a 33.1% higher-than-expected profit for the first quarter, helped by solid organic loan growth.

Net income rose to $41.4 million, or $0.59 per diluted share, for the January-to-March quarter, from $31.1 million, or $0.46 per diluted share, for the year-earlier period. That beat the $0.57 average estimate of eight analysts polled by Capital IQ. Energy Dow Jones U.S. Energy Fund (IYE) was flat; Energy Select Sector SPDR (XLE) was up 0.5%. Consumer Consumer Staples Select Sector SPDR (XLP), iShares Dow Jones US Consumer Goods (IYK) and Vanguard Consumer Staples ETF (VDC) were inactive after a lower close. Consumer Discretionary Select Sector SPDR (XLY) was leaning higher and retail funds SPDR S&P Retail (XRT), PowerShares Dynamic Retail (PMR) and Market Vectors Retail ETF (RTH) were all flat after a positive close. Under Armour (UA) shares were higher over 4% in recent pre-market trade after the company reported better-than-expected Q1 results and raised its guidance for 2016. The maker of apparel, footwear and accessories said net income rose to $19.2 million or $0.04 per diluted share rom $11.7 million or $0.03 a year ago, exceeding the $0.02 average estimate from analysts polled by Capital IQ. Revenue rose to $1.05 billion from $804.9 million and came in just ahead of the $1.04 billion consensus. Health Care Health Care SPDR (XLV) gained 0.8%, iShares Dow Jones US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were inactive and Biotech ETF iShares NASDAQ Biotechnology Index (IBB) was down 0.1%. ADRs of Novartis (NVS) were slightly lower pre-market Thursday after the Swiss drugmaker reported mixed Q1 results, with better-than-expected core earnings on lower revenues that missed forecasts, and reaffirmed its full-year revenue outlook just above forecasts. Q1 core EPS was $1.17 per share, down from $1.33 per share a year earlier but beating the $1.11 per share consensus compiled by Capital IQ. Active broad-market exchange-traded funds in Wednesday’s regular session: iPath S&P 500 VIX ST Futures ETN (VXX): -1.7% SPDR S&P 500 (NYSEARCA:SPY): +0.2% Market Vectors Gold Miners ETF (GDX): +2% ProShares Trust Ultra VIX Short Term Futures ETF (UVXY): -3% iShares MSCI Emerging Index Fund (EEM): +0.6%

The ETF is down 0.25% or $0.53 after the news, hitting $209.54 per share. SPDR S&P 500 ETF Trust (NYSEARCA:SPY) has risen 5.87% since September 15, 2015 and is uptrending. It has underperformed by 0.41% the S&P500.

SPDR S&P 500 ETF Trust is a unit investment trust. The ETF has a market cap of $185.58 billion. The Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index (the Index). It currently has negative earnings. The Trust seeks to achieve this investment objective by holding a portfolio of the common stocks that are included in the Index (the Portfolio), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the Index.

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Spark Energy Declares Q1 Dividend of $0.3625; Shares Unchanged in Pre Market (NASDAQ:SPKE) spark-energy-declares-q1-dividend-of-0-3625-shares-unchanged-in-pre-market-nasdaqspke/ spark-energy-declares-q1-dividend-of-0-3625-shares-unchanged-in-pre-market-nasdaqspke/#respond Thu, 21 Apr 2016 15:56:00 +0000 ?p=50551 Spark Energy (NASDAQ:SPKE), a retail energy services company, has declared a quarterly cash dividend for Q1 of 2016 of $0.3625 per share of common stock. The dividend will be paid…

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Spark Energy (NASDAQ:SPKE), a retail energy services company, has declared a quarterly cash dividend for Q1 of 2016 of $0.3625 per share of common stock. The dividend will be paid on Jun. 14 to holders of record on May 31. The amount represents an annualized dividend of $1.45 per share. In Thursday’s pre-market session, shares of Spark Energy were unchanged from their Wednesday closing price of $22.73, and have a 52-week range of $11.85 – $27.62.

The stock is down 0.22% or $0.05 after the news, hitting $22.68 per share. About 15,293 shares traded hands. Spark Energy Inc (NASDAQ:SPKE) has risen 39.88% since September 15, 2015 and is uptrending. It has outperformed by 33.59% the S&P500.

Spark Energy, Inc., through its subsidiaries, operates as an independent retail energy services company in the United States. It operates through two segments, Retail Natural Gas and Retail Electricity. The company is involved in the retail distribution of natural gas and electricity to residential, commercial, and industrial customers. As of December 31, 2015, it operated in 66 utility service territories across 16 states, and had approximately 328,000 residential customers and 19,000 commercial customers. Spark Energy, Inc. was founded in 1999 and is headquartered in Houston, Texas.

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PPG Industries Declares $0.40 Dividend; Shares Flat in Pre Market (NYSE:PPG) ppg-industries-declares-0-40-dividend-shares-flat-in-pre-market-nyseppg/ ppg-industries-declares-0-40-dividend-shares-flat-in-pre-market-nyseppg/#respond Thu, 21 Apr 2016 15:39:47 +0000 ?p=50544 PPG Industries (NYSE:PPG) declared a regular quarterly dividend of $0.40 per share, payable June 10 to shareholders of record May 10. In Thursday’s pre-market session, shares of PPG Industries were…

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PPG Industries Inc

PPG Industries (NYSE:PPG) declared a regular quarterly dividend of $0.40 per share, payable June 10 to shareholders of record May 10. In Thursday’s pre-market session, shares of PPG Industries were flat at $116.07, and have a 52-week range of $82.93 – $118.69.

The stock is down 3.56% or $4.13 after the news, hitting $111.9 per share. About 808,655 shares traded hands. PPG Industries, Inc. (NYSE:PPG) has risen 23.11% since September 15, 2015 and is uptrending. It has outperformed by 16.83% the S&P500.

PPG Industries, Inc. manufactures and distributes coatings, specialty materials, and glass products. It operates in three segments: Performance Coatings, Industrial Coatings, and Glass. The Performance Coatings segment provides coatings products for automotive and commercial transport/fleet repair and refurbishing; light industrial and specialty coatings for signs; coatings, sealants, and transparencies for commercial, military, regional jet and general aviation aircraft, and transparent armor for specialty applications; and chemical management services.

This segment also offers protective and marine coatings and finishes for the protection of metals and structures to metal fabricators and heavy duty maintenance contractors, as well as to the manufacturers of ships, bridges, and rail cars; architectural coatings used by painting and maintenance contractors, and consumers for decoration and maintenance of residential and commercial building structures; and purchased sundries to painting contractors and consumers. The Industrial Coatings segment provides adhesives and sealants for the automotive industry; metal pretreatments and related chemicals for industrial and automotive applications; precipitated silicas for tire, battery separator, and other markets; substrates used in radio frequency identification tags and labels, e-passports, drivers’ licenses, and identification cards; organic light emitting diode materials for use in displays and lighting; optical lens materials and photochromic dyes for optical lenses and color-change products. The Glass segment produces flat and fiber glass for use in commercial and residential construction, wind energy, energy infrastructure, transportation, and electronics industries. The company was founded in 1883 and is headquartered in Pittsburgh, Pennsylvania.

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Citizens Financial Group Q1 Earnings Top Views, Revenue Meets (NYSE:CFG) citizens-financial-group-q1-earnings-top-views-revenue-meets-nysecfg/ citizens-financial-group-q1-earnings-top-views-revenue-meets-nysecfg/#respond Thu, 21 Apr 2016 13:52:32 +0000 ?p=50510 Citizens Financial Group (NYSE:CFG) reported Q1 excluding restructuring charges and special items of $0.41 per diluted share, up from $0.39 a year ago and exceeding expectations from analysts polled by…

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Citizens Financial Group (NYSE:CFG) reported Q1 excluding restructuring charges and special items of $0.41 per diluted share, up from $0.39 a year ago and exceeding expectations from analysts polled by Capital IQ for it to be unchanged. The retail bank holding company said revenue rose to $1.23 billion from $1.18 billion was in line with the consensus.

On a reported basis, net income rose to $216 million or $0.41 from $209 million from $0.38 a year ago. Citizens also announced a 20% increase in its quarterly dividend to $0.12 per share. CFG trades around the mid-point of the 52-week range between $18.04 and $28.71. It was inactive in recent pre-market trade.

The stock is up 1.67% or $0.39 after the news, hitting $23.74 per share. Citizens Financial Group Inc (NYSE:CFG) has declined 6.67% since September 15, 2015 and is downtrending. It has underperformed by 12.96% the S&P500.

Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, N.A. and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. It operates through two segments, Consumer Banking and Commercial Banking. The Consumer Banking segment focuses on retail customers and small businesses with traditional banking products and services, including checking, savings, home loans, student loans, credit cards, business loans, and financial management services. This segment also provides indirect auto finance for new and used vehicles through auto dealerships.

The Commercial Banking segment provides various financial products and solutions, including loans, leases, trade financing, deposits, cash management, foreign exchange, interest rate risk management, corporate finance, and capital markets advisory capabilities. It focuses on small and middle-market companies, and serves government banking, not-for-profit, healthcare, technology, asset finance, franchise finance, asset-based lending, commercial real estate, private equity, and sponsor finance industries. As of December 31, 2015, the company operated through 1,200 branches in 11 states across the New England, Mid-Atlantic, and Midwest regions, as well as online, telephone, and mobile banking platforms. It also maintains approximately 100 retail and commercial non-branch offices located in its banking footprint and in other states, and the District of Columbia. The company was formerly known as RBS Citizens Financial Group, Inc. and changed its name to Citizens Financial Group, Inc. in April 2014. Citizens Financial Group, Inc. was founded in 1828 and is headquartered in Providence, Rhode Island.

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Suburban Propane Partners Declares Quarterly Distribution of $0.8875 per Unit; Share Flat in Pre Market (NYSE:SPH) suburban-propane-partners-declares-quarterly-distribution-of-0-8875-per-unit-share-flat-in-pre-market-nysesph/ suburban-propane-partners-declares-quarterly-distribution-of-0-8875-per-unit-share-flat-in-pre-market-nysesph/#respond Thu, 21 Apr 2016 12:47:47 +0000 ?p=50503 Suburban Propane Partners, L.P (NYSE:SPH), a distributor of propane, fuel oil and related products and services, has declared a quarterly distribution of $0.8875 per common unit for the quarter ended…

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Suburban Propane Partners, L.P (NYSE:SPH), a distributor of propane, fuel oil and related products and services, has declared a quarterly distribution of $0.8875 per common unit for the quarter ended March 26, 2016. The distribution is payable on May 10, to common unitholders of record as of May 3. The distribution rate equates to an annualized rate of $3.55 per Common Unit. In Thursday’s pre-market session, shares of Suburban Propane Partners were unchanged from their Wednesday closing price of $30.33, and have a 52-week trading range of $20.93 – $44.75.

The stock decreased 1.56% or $0.48 on April 20, hitting $30.33. Suburban Propane Partners LP (NYSE:SPH) has declined 15.18% since September 15, 2015 and is downtrending. It has underperformed by 21.47% the S&P500.

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. Its Propane segment is involved in the retail distribution of propane to residential, commercial, industrial, and agricultural customers, as well as in the wholesale distribution to industrial end users. This segment offers propane primarily for space heating, water heating, cooking, and clothes drying in the residential and commercial markets; for use as a motor fuel in internal combustion engines to power over-the-road vehicles, forklifts, and stationary engines, as well as to fire furnaces and as a cutting gas to the industrial customers; and for tobacco curing, crop drying, poultry brooding, and weed control in the agricultural markets. The companyÂ’s Fuel Oil and Refined Fuels segment engages in the retail distribution of fuel oil, diesel, kerosene, and gasoline to residential and commercial customers for use primarily as a source of heat in homes and buildings.

Its Natural Gas and Electricity segment markets natural gas and electricity to residential and commercial customers in the deregulated energy markets in New York and Pennsylvania. The company also sells, installs, and services a range of home comfort equipment, including whole-house heating products, air cleaners, humidifiers, and space heaters. As of September 26, 2015, it served approximately 1.1 million residential, commercial, industrial, and agricultural customers through 700 locations in 41 states primarily in the east and west coast regions of the United States, as well as portions of the midwest region of the United States and Alaska. Suburban Energy Services Group LLC serves as a general partner of Suburban Propane Partners, L.P. The company was founded in 1945 and is based in Whippany, New Jersey.

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C. R. Bard Maintains $0.24 Quarterly Dividend (NYSE:BCR) c-r-bard-maintains-0-24-quarterly-dividend-nysebcr/ c-r-bard-maintains-0-24-quarterly-dividend-nysebcr/#respond Thu, 21 Apr 2016 03:12:38 +0000 ?p=50418 C. R. Bard (NYSE:BCR) said after-hours Wednesday it will distribute an unchanged quarterly dividend of $0.24 per share, payable on May 13 to holders of record on May 2. Shares…

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Bard C R Inc

C. R. Bard (NYSE:BCR) said after-hours Wednesday it will distribute an unchanged quarterly dividend of $0.24 per share, payable on May 13 to holders of record on May 2. Shares of the medical device maker were inactive in recent after-hours. The stock hit a new lifetime high in regular trade and has a new 52-week range of $164.95 to $209.82.

The stock increased 0.17% or $0.35 during the last trading session, hitting $209.14. About 293,133 shares traded hands. C R Bard Inc (NYSE:BCR) has risen 7.85% since September 15, 2015 and is uptrending. It has outperformed by 1.57% the S&P500.

C. R. Bard, Inc., together with its subsidiaries, designs, manufactures, packages, distributes, and sells medical, surgical, diagnostic, and patient care devices worldwide. The company offers vascular products, such as percutaneous transluminal angioplasty catheters, chronic total occlusion catheters, guidewires, fabrics, meshes, introducers, and accessories; valvuloplasty balloons; peripheral vascular stents, self-expanding and balloon-expandable covered stents, and vascular grafts; vena cava filters; biopsy devices; and temporary pacing electrode catheters for the treatment of peripheral vascular and end-stage renal diseases, and heart arrhythmias. It also provides urology products, including Foley catheters to reduce the rate of urinary tract infections; fecal incontinence products; brachytherapy devices and radioactive seeds for the treatment of prostate cancer; intermittent urinary drainage catheters, and urine monitoring and collection systems; ureteral stents; specialty devices for stone removal procedures; surgical slings and pelvic floor repair products; catheter stabilization devices; and products for therapeutic hypothermia.

In addition, the company offers oncology products, such as specialty vascular access catheters and ports, vascular access ultrasound devices, dialysis access catheters, and enteral feeding devices to treat and manage various cancers, and other diseases and disorders. Further, it provides surgical specialty products comprising implanted grafts and fixation devices for hernia and soft tissue repairs; and hemostats and surgical sealants, as well as irrigation, wound drainage, and original equipment manufacturersÂ’ products. The company sells its products directly to hospitals, individual healthcare professionals, extended care facilities, and alternate site facilities through hospital/surgical supply and other medical specialty distributors. C. R. Bard, Inc. was founded in 1907 and is headquartered in Murray Hill, New Jersey.

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Lincoln Electric Holdings OKs 10 Mln Share Buyback, Dividend (NASDAQ:LECO) lincoln-electric-holdings-oks-10-mln-share-buyback-dividend-nasdaqleco/ lincoln-electric-holdings-oks-10-mln-share-buyback-dividend-nasdaqleco/#respond Thu, 21 Apr 2016 03:01:47 +0000 ?p=50413 Lincoln Electric Holdings (NASDAQ:LECO) says its Board approved an up to 10-million share buyback program, which is in addition to the 2.8 million shares remaining from the prior program. It…

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Lincoln Electric Holdings Inc

Lincoln Electric Holdings (NASDAQ:LECO) says its Board approved an up to 10-million share buyback program, which is in addition to the 2.8 million shares remaining from the prior program. It also declared a quarterly cash dividend of $0.32 per share, payable July 15 to holders of record as of June 30.

The stock decreased 0.16% or $0.1 during the last trading session, hitting $61.98. About 736,399 shares traded hands or 55.95% up from the average. Lincoln Electric Holdings, Inc. (NASDAQ:LECO) has risen 7.03% since September 15, 2015 and is uptrending. It has outperformed by 0.74% the S&P500.

Lincoln Electric Holdings, Inc., through its subsidiaries, designs, manufactures, and sells welding, cutting, and brazing products in the United States, China, and Internationally. The companyÂ’s welding products comprise arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes, and welding accessories.

It also offers computer numeric controlled plasma and oxy-fuel cutting systems, and regulators and torches used in oxy-fuel welding, cutting, and brazing; and consumables used in the brazing and soldering alloys market. The company serves general metal fabrication, power generation and process industry, structural steel construction, heavy equipment fabrication, shipbuilding, automotive, pipe mills and pipelines, and offshore oil and gas exploration and extraction markets. It sells its products directly to users of welding products, as well as through industrial distributors, retailers, and agents. The company was founded in 1895 and is headquartered in Cleveland, Ohio.

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Texas Instruments Maintains $0.38 Quarterly Dividend (NASDAQ:TXN) texas-instruments-maintains-0-38-quarterly-dividend-nasdaqtxn/ texas-instruments-maintains-0-38-quarterly-dividend-nasdaqtxn/#respond Thu, 21 Apr 2016 02:59:30 +0000 ?p=50412 Texas Instruments (NASDAQ:TXN) said after-hours Wednesday it will distribute an unchanged quarterly cash dividend of $0.38 per share, payable on May 16 to holders of record on May 2. Shares…

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Texas Instruments Inc

Texas Instruments (NASDAQ:TXN) said after-hours Wednesday it will distribute an unchanged quarterly cash dividend of $0.38 per share, payable on May 16 to holders of record on May 2. Shares were inactive in recent after-hours, after closing in the upper end of the 52-week range of $43.49 to $59.67.

The stock increased 1.08% or $0.63 during the last trading session, hitting $59.05. About 4.67 million shares traded hands or 10.66% up from the average. Texas Instruments Incorporated (NASDAQ:TXN) has risen 22.26% since September 15, 2015 and is uptrending. It has outperformed by 15.97% the S&P500.

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates through two segments, Analog and Embedded Processing. The Analog segment offers high volume analog and logic products for automotive safety devices, touch screen controllers, low voltage motor drivers, and integrated motor controllers; and power management products that include catalog and application-specific standard products to enhance the efficiency of powered devices using battery management solutions, portable power conversion devices, power supply controls, and point-of-load products.

This segment also provides high performance analog products, such as high-speed data converters, amplifiers, sensors, high reliability products, interface products, and precision products; and silicon valley analog products, including power management, data converter, interface, and operational amplifier catalog analog products that are used in manufacturing various electronic systems. The Embedded Processing segment offers microcontroller products, which are systems with a processor core, memory, and peripherals to control a set of specific tasks for electronic equipment; processor products comprising digital signal and applications processors; and connectivity products consisting of electronic devices to connect and transfer data. The company also provides DLP products primarily used in projectors to create high-definition images; application-specific integrated circuits; calculators; and baseband products, as well as OMAP applications processors and connectivity products. It markets and sells its products through a direct sales force and distributors. Texas Instruments Incorporated was founded in 1930 and is headquartered in Dallas, Texas.

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Kinder Morgan Slips 2% After-Hours – Q1 Results Miss Views; Cuts FY16 Capital Budget (NYSE:KMI) kinder-morgan-slips-2-after-hours-q1-results-miss-views-cuts-fy16-capital-budget-nysekmi/ kinder-morgan-slips-2-after-hours-q1-results-miss-views-cuts-fy16-capital-budget-nysekmi/#respond Thu, 21 Apr 2016 02:57:21 +0000 ?p=50411 Shares of Kinder Morgan (NYSE:KMI) were sliding after-hours Wednesday after the pipeline operator reported lower Q1 results compared to a year earlier that missed forecasts compiled by Capital IQ and…

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Kinder Morgan Kansas Inc

Shares of Kinder Morgan (NYSE:KMI) were sliding after-hours Wednesday after the pipeline operator reported lower Q1 results compared to a year earlier that missed forecasts compiled by Capital IQ and cut its fiscal 2016 capital budget. Q1 net income was $276 million or $0.12 per share, down sharply from $429 million or $0.20 per share a year earlier and missing the $0.19 per share GAAP mean estimate. Revenues fell to $3.20 billion from $3.60 billion, missing the $3.76 billion consensus.

For 2016, the company forecasts a capital budget of $2.9 billion, down from prior guidance of $3.3 billion provided in January. Due to continued weakness in the energy sector in 2016, Kinder Morgan expects EBITDA and distributable cash flow to be 3% and 4% below its plans, respectively. Executive chairman Richard Kinder said the company will not have to “access the capital markets to fund growth projects in 2016,” due to the company’s “tremendous amount of cash flow,” and does not expect a “need to access the capital markets to fund our growth projects for the foreseeable future beyond 2016.” The company also declared an unchanged quarterly cash dividend of $0.125 per share, payable on May 16 to holders of record on May 2. For 2016, Kinder Morgan also said it expects to declare dividends of $0.50 per share. KMI was moving in the lower half of its 52-week range of $11.20 to $44.71.

The stock decreased 0.89% or $0.17 during the last trading session, hitting $18.99. About 26.88M shares traded hands or 40.81% up from the average. Kinder Morgan Inc (NYSE:KMI) has declined 37.07% since September 15, 2015 and is downtrending. It has underperformed by 43.35% the S&P500.

Kinder Morgan, Inc. operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada, and Other segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas facilities. The CO2 segment produces, transports, and markets CO2 for use in enhanced oil recovery projects; and owns interests in oil-producing fields, gas processing plants, and crude oil pipelines in the Permian Basin region of West Texas. The Terminals segment owns and operates liquids and bulk terminals that transload and store refined petroleum products, crude oil, and condensate, as well as bulk products, including coal, petroleum coke, cement, alumina, salt, and other bulk chemicals; and owns and operates tankers.

The Products Pipelines segment owns and operates refined petroleum products, and crude oil and condensate pipelines; and associated product terminals and petroleum pipeline transmix facilities. The Kinder Morgan Canada segment owns and operates Trans Mountain pipeline system that transports crude oil and refined petroleum products from Edmonton, Alberta, and Canada to marketing terminals and refineries in British Columbia, Canada, and Washington; and jet fuel aviation turbine fuel pipeline that serves the Vancouver (Canada) International Airport. The Other segment includes various physical natural gas contracts with power plants. Kinder Morgan, Inc. owns interests in or operates approximately 84,000 miles of pipelines and 180 terminals. The company was formerly known as Kinder Morgan Holdco LLC and changed its name to Kinder Morgan, Inc. in February 2011. Kinder Morgan, Inc. was founded in 1936 and is headquartered in Houston, Texas.

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Pacific Continental Posts Q1 EPS in Line With Street View; Leaves Quarterly Dividend Unchanged (NASDAQ:PCBK) pacific-continental-posts-q1-eps-in-line-with-street-view-leaves-quarterly-dividend-unchanged-nasdaqpcbk/ pacific-continental-posts-q1-eps-in-line-with-street-view-leaves-quarterly-dividend-unchanged-nasdaqpcbk/#respond Thu, 21 Apr 2016 02:20:52 +0000 ?p=50409 Pacific Continental (NASDAQ:PCBK), the holding company of Pacific Continental Bank, reported first-quarter profit that met analyst expectations and left quarterly dividend unchanged. Net income rose to $5.5 million, or $0.28…

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Pacific Continental (NASDAQ:PCBK), the holding company of Pacific Continental Bank, reported first-quarter profit that met analyst expectations and left quarterly dividend unchanged. Net income rose to $5.5 million, or $0.28 per diluted share, in the January-to-March quarter, from $2.8 million, or $0.15 per diluted share, a year earlier. That equaled the average estimate of five analysts surveyed by Capital IQ.

Net interest income rose to $18.8 million from $14.9 million year-over-year. Also on Wednesday, the company declared a regular quarterly cash dividend of $0.11 per share, unchanged from the dividend paid in the previous quarter. The dividend is payable May 23, to shareholders of record as of May 9. Shares of the Eugene, Oregon-based company closed 0.7% lower at $16.54 at the closing of regular trading on Wednesday. The stock is up 11% this year.

The stock decreased 0.66% or $0.11 during the last trading session, hitting $16.54. About 36,759 shares traded hands. Pacific Continental Corporation (NASDAQ:PCBK) has risen 23.53% since September 15, 2015 and is uptrending. It has outperformed by 17.24% the S&P500.

Pacific Continental Corporation operates as the bank holding company for Pacific Continental Bank that provides commercial banking, financing, mortgage lending, and other services to community-based businesses, nonprofit organizations, professional service providers, and business owners. Its deposits products include demand, interest checking, money market, savings, and time deposits. The companyÂ’s loan products portfolio comprises commercial loans for general operating purposes, acquisition of fixed assets, purchase of equipment and machinery, financing of inventory, and accounts receivable and other business purposes; U.S. small business administration loans; and construction and permanent loans for financing commercial facilities, and pre-sold custom and speculative home construction.

Its loan products portfolio also consist of loans to dental professionals; and secured and unsecured loans for various purposes, including the purchase of automobiles, mobile homes, boats, and other recreational vehicles, as well as for home improvement, education, and personal investment purposes. In addition, the company provides merchant and card services; cash management products to businesses; and online banking, safe deposit, debit and automated teller machine cards, automated clearing house transactions, cashierÂ’s checks, notary, and other services. Further, it offers wealth management services comprising individual investment advisory services, company retirement plans, employee benefits programs, mutual funds, unit investment trusts, fixed and variable annuities, fixed and variable life insurance, long term care, and disability. As of March 4, 2016, it operated approximately 14 banking offices in Oregon and Washington, as well as 2 loan production offices. The company was founded in 1972 and is headquartered in Eugene, Oregon.

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Hexcel Beats Q1 Adj EPS Estimate But Sales Shy, Sets Outlook and Dividend (NYSE:HXL) hexcel-beats-q1-adj-eps-estimate-but-sales-shy-sets-outlook-and-dividend-nysehxl/ hexcel-beats-q1-adj-eps-estimate-but-sales-shy-sets-outlook-and-dividend-nysehxl/#respond Thu, 21 Apr 2016 02:01:39 +0000 ?p=50400 Hexcel (NYSE:HXL) says Q1 adjusted EPS were $0.59, two cents above the CapIQ mean. Sales rose 5% to $497.7 million from the year-ago period but missed expectations for $501.76 million.…

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Hexcel Corp

Hexcel (NYSE:HXL) says Q1 adjusted EPS were $0.59, two cents above the CapIQ mean. Sales rose 5% to $497.7 million from the year-ago period but missed expectations for $501.76 million. It continues to see FY16 adjusted EPS between $2.44 to $2.56, in line with estimates for $2.51. Sales are seen between $1.97 billion to $2.07 billion, compared with forecasts for $2.009 billion. It raised its quarterly dividend by 10% to $0.11, payable on May 11 to stockholders of record as of May 4.

The stock increased 0.67% or $0.3 during the last trading session, hitting $45.38. About 939,585 shares traded hands or 80.99% up from the average. Hexcel Corporation (NYSE:HXL) has declined 3.63% since September 15, 2015 and is downtrending. It has underperformed by 9.92% the S&P500.

Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. The company operates through two segments, Composite Materials and Engineered Products.

The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycombs, molding compounds, tooling materials, polyurethane systems, and laminates used in various applications, such as military and commercial aircraft, wind turbine blades, recreational products, transport, and other industrial applications. The Engineered Products segment manufactures and markets aircraft structures and finished aircraft components, including wing to body fairings, wing panels, flight deck panels, door liners, helicopter blades, spars, and tip caps; aircraft structural sub-components and semi-finished components used in helicopter blades, engine nacelles, and aircraft surfaces; and geometric parts for commercial aircrafts, including window frames, primary structure brackets, and fittings as well as for certain industrial applications. The company sells products directly through its sales personnel, as well as through independent distributors and manufacturer representatives in the Americas, Europe, the Asia Pacific, and Russia. Hexcel Corporation was founded in 1946 and is based in Stamford, Connecticut.

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Lazard Hikes Quarterly Dividend 9% to $0.38/Share (NYSE:LAZ) lazard-hikes-quarterly-dividend-9-to-0-38share-nyselaz/ lazard-hikes-quarterly-dividend-9-to-0-38share-nyselaz/#respond Thu, 21 Apr 2016 01:59:31 +0000 ?p=50399 Lazard (NYSE:LAZ), a financial advisory and asset management firm, increased quarterly dividend by 9% to $0.38 per share. The dividend is payable on May 13 to stockholders of record on…

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Lazard LTD

Lazard (NYSE:LAZ), a financial advisory and asset management firm, increased quarterly dividend by 9% to $0.38 per share. The dividend is payable on May 13 to stockholders of record on May 3. Shares of the Hamilton, Bermuda-based company inched up 0.2% in extended trading. The stock closed 1.5% higher at $39.56, paring this year’s losses to 12%.

The stock increased 1.51% or $0.59 during the last trading session, hitting $39.56. About 977,235 shares traded hands or 13.68% up from the average. Lazard Ltd (NYSE:LAZ) has declined 13.85% since September 15, 2015 and is downtrending. It has underperformed by 20.13% the S&P500.

Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm worldwide. Its Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions and other strategic matters, restructurings, capital structure, capital raising, corporate preparedness, and various other financial matters. This segment serves corporate, partnership, institutional, government, sovereign, and individual clients. The companyÂ’s Asset Management segment offers a range of investment solutions and investment management services in equity and fixed income strategies; and alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries, and private clients. Lazard Ltd was founded in 1848 and is based in Hamilton, Bermuda.

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Landstar System Misses Q1 Sales Estimate But EPS Tops, Sets Dividend (NASDAQ:LSTR) landstar-system-misses-q1-sales-estimate-but-eps-tops-sets-dividend-nasdaqlstr/ landstar-system-misses-q1-sales-estimate-but-eps-tops-sets-dividend-nasdaqlstr/#respond Thu, 21 Apr 2016 01:46:21 +0000 ?p=50393 Landstar System (NASDAQ:LSTR) says Q1 EPS were $0.69, on revenue of $712 million. The Cap IQ mean was for EPS of $0.67 on sales of $717.30 million. Its Board declared…

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Landstar System Inc

Landstar System (NASDAQ:LSTR) says Q1 EPS were $0.69, on revenue of $712 million. The Cap IQ mean was for EPS of $0.67 on sales of $717.30 million. Its Board declared a quarterly dividend of $0.08 per share payable on May 27 to stockholders of record as of the close of business on May 5.

The stock decreased 0.67% or $0.44 during the last trading session, hitting $65.39. About 340,917 shares traded hands. Landstar System, Inc. (NASDAQ:LSTR) has declined 3.94% since September 15, 2015 and is downtrending. It has underperformed by 10.22% the S&P500.

Landstar System, Inc., together with its subsidiaries, provides integrated transportation management solutions in the United States and internationally. The company operates through two segments, Transportation Logistics and Insurance. The Transportation Logistics segment provides various transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, including logistics and less-than-truckload service providers.

This segment offers truck services through dry and specialty vans of various sizes, unsided/platform trailers, temperature-controlled vans, and containers; rail intermodal services through contracts with domestic and Canadian railroads; and air and ocean services through contracts with domestic and international airlines and ocean lines. It serves automotive products, building products, metals, chemicals, foodstuffs, heavy machinery, retail, electronics, ammunition and explosives, and military equipment industries. The Insurance segment provides risk and claims management services, as well as reinsures certain risks of the companyÂ’s independent contractors. The company markets its services through independent commission sales agents and third party capacity providers. Landstar System, Inc. was founded in 1968 and is headquartered in Jacksonville, Florida.

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Mattel Slides After-Hours After Reporting Steeper Q1 Loss Than Expected (NASDAQ:MAT) mattel-slides-after-hours-after-reporting-steeper-q1-loss-than-expected-nasdaqmat/ mattel-slides-after-hours-after-reporting-steeper-q1-loss-than-expected-nasdaqmat/#respond Thu, 21 Apr 2016 01:33:30 +0000 ?p=50387 Mattel (NASDAQ:MAT) fell 4.5% after the close on Wednesday as the toy maker reported a Q1 adjusted operating loss of $36 million, or $0.13 per share, wider than the average…

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Mattel Inc

Mattel (NASDAQ:MAT) fell 4.5% after the close on Wednesday as the toy maker reported a Q1 adjusted operating loss of $36 million, or $0.13 per share, wider than the average of estimates on Capital IQ for a loss of $0.08 per share. A year earlier, the firm reported a loss of $14.6 million, or $0.08 per share. The 2016 loss reflects a negative impact in currency exchange rates of $0.07. Sales fell 6% to $869.4 million, but that topped the Street’s view for $861.4 million. Mattel declared an unchanged quarterly dividend of $0.38 per share payable on June 10 to stockholders of record on May 19.

The stock decreased 2.57% or $0.87 during the last trading session, hitting $33.04. About 6.38 million shares traded hands or 62.34% up from the average. Mattel, Inc. (NASDAQ:MAT) has risen 42.91% since September 15, 2015 and is uptrending. It has outperformed by 36.62% the S&P500.

Mattel, Inc. designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers dolls and accessories, vehicles and play sets, and games and puzzles under the Mattel Girls & Boys brands, including Barbie, Monster High, Disney Classics, Ever After High, Little Mommy, Polly Pocket, Hot Wheels, Matchbox, CARS, Disney Planes, BOOMco, Radica, Toy Story, Max Steel, WWE Wrestling, and DC Comics.

The company also provides its products under the Fisher-Price brands, such as Fisher-Price, Little People, BabyGear, Laugh & Learn, Imaginext, Thomas & Friends, Dora the Explorer, Mickey Mouse Clubhouse, Disney Jake, the Never Land Pirates, and Power Wheels. In addition, it offers its products under the American Girl brands comprising Truly Me, BeForever, and Bitty Baby; and construction, and arts and crafts brands, such as MEGA BLOKS, RoseArt, and Board Dudes, as well as publishes the American Girl magazine. Mattel, Inc. sells its products directly to consumers via its catalog, Website, and proprietary retail stores, as well as directly to retailers, including discount and free-standing toy stores, chain stores, department stores, and other retail outlets; to wholesalers; and through agents and distributors. The company was founded in 1945 and is headquartered in El Segundo, California.

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Exponent Beats Q1 Estimates, Reiterates 2016 Outlook and Sets Dividend (NASDAQ:EXPO) exponent-beats-q1-estimates-reiterates-2016-outlook-and-sets-dividend-nasdaqexpo/ exponent-beats-q1-estimates-reiterates-2016-outlook-and-sets-dividend-nasdaqexpo/#respond Thu, 21 Apr 2016 01:18:30 +0000 ?p=50380 Exponent (NASDAQ:EXPO) says Q1 sales were $83.156 million, topping the CapIQ mean for $75.89 million. It earned $0.56, inclusive of a $0.16 per share benefit. Estimates were for GAAP EPS…

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Exponent (NASDAQ:EXPO) says Q1 sales were $83.156 million, topping the CapIQ mean for $75.89 million. It earned $0.56, inclusive of a $0.16 per share benefit. Estimates were for GAAP EPS of $0.38 and normalized EPS of $0.35. For 2016, it expects growth in revenues before reimbursements to be in the mid-single digits and underlying growth in the high single digits. The company also declared a quarterly cash dividend of $0.18 per share of common stock to be paid on June 24 to all common stockholders of record as of June 10.

The stock increased 0.68% or $0.34 during the last trading session, hitting $50.62. About 71,192 shares traded hands. Exponent, Inc. (NASDAQ:EXPO) has risen 15.23% since September 15, 2015 and is uptrending. It has outperformed by 8.94% the S&P500.

Exponent, Inc., together with its subsidiaries, operates as a science and engineering consulting company worldwide. It operates in two segments, Engineering and Other Scientific; and Environmental and Health. The Engineering and Other Scientific segment provides services in the areas of biomechanics, biomedical engineering, buildings and structures, civil engineering, construction consulting, electrical engineering and computer science, engineering management consulting, human factors, industrial structures, materials and corrosion engineering, mechanical engineering, polymer science and materials chemistry, statistical and data sciences, technology development, thermal sciences, and vehicle analysis.

The Environmental and Health segment offers services in the areas of chemical regulation and food safety, ecological and biological sciences, environmental and earth sciences, occupational and environmental health risk assessment, and toxicology and mechanistic biology, as well as epidemiology, biostatistics, and computational biology. The company offers approximately 90 different technical disciplines to solve complicated issues facing industry and government. It serves clients in automotive, aviation, chemical, construction, consumer products, energy, government, health, insurance, manufacturing, technology, and other sectors. The company was formerly known as The Failure Group, Inc. and changed its name to Exponent, Inc. in 1998. Exponent, Inc. was founded in 1967 and is headquartered in Menlo Park, California.

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LegacyTexas Financial Jumps 12% – Reports Better-than-Expected Q1 Results; Maintains Quarterly Dividend (NASDAQ:LTXB) legacytexas-financial-jumps-12-reports-better-than-expected-q1-results-maintains-quarterly-dividend-nasdaqltxb/ legacytexas-financial-jumps-12-reports-better-than-expected-q1-results-maintains-quarterly-dividend-nasdaqltxb/#respond Thu, 21 Apr 2016 01:01:05 +0000 ?p=50372 LegacyTexas Financial Group (NASDAQ:LTXB) rose in afternoon trade after the company reported financial results for Q1 above analysts’ expectations and declared a quarterly dividend. Shares are up 12.1% at $23.12,…

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LegacyTexas Financial Group (NASDAQ:LTXB) rose in afternoon trade after the company reported financial results for Q1 above analysts’ expectations and declared a quarterly dividend. Shares are up 12.1% at $23.12, with a 52-week range of $16.79 – $32.50. The stock holding company for LegacyTexas Bank said late Tuesday Q1 net income was $22.1 million or $0.48 per share, compared with the prior-year period’s $16.3 million or $0.35 per share.

Core net earnings (a non-GAAP measure) were $0.43 per share, versus $0.39 per share in the comparable period a year ago. Analysts polled by Capital IQ were expecting EPS of $0.40 Revenue, calculated as the sum of net interest income and non-interest income, was $80.1 million, up from $65.7 million in the same quarter last year. The Street view is for $74.1 million. The company also said it has declared a quarterly cash dividend of $0.14 per share, payable on May 16 to stockholders of record as of the close of business on May 2. This was maintained from the prior quarter’s dividend paid to stockholders on February 22.

The stock increased 12.75% or $2.63 during the last trading session, hitting $23.25. About 1.23 million shares traded hands or 310.85% up from the average. LegacyTexas Financial Group Inc (NASDAQ:LTXB) has declined 22.34% since September 15, 2015 and is downtrending. It has underperformed by 28.63% the S&P500.

LegacyTexas Financial Group, Inc. operates as the bank holding company for LegacyTexas Bank that provides various banking and financial services in the United States. The companyÂ’s deposit products include interest-bearing and non-interest-bearing demand, savings, money market, certificates of deposit, and individual retirement accounts. Its lending products comprise commercial and consumer real estate loans; commercial and industrial loans; construction and land loans; and consumer loans, including new and used automobile loans, recreational vehicle loans, and loans secured by savings deposits, as well as permanent loans secured by first and second mortgages on one-to-four family residences.

The company also offers insurance and title services; and brokerage services for the purchase and sale of non-deposit investment and insurance products through a third party brokerage arrangement. As of December 31, 2015, it had 3 administrative offices, 47 full-service branches, and 1 commercial loan production office located in Houston, Texas, as well as a warehouse purchase program office in Littleton, Colorado. The company was formerly known as ViewPoint Financial Group, Inc. and changed its name to LegacyTexas Financial Group, Inc. in January 2015. LegacyTexas Financial Group, Inc. is headquartered in Plano, Texas.

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Phillips 66 Partners LP Up 1% – Boosts Quarterly Dividend 5% to $0.481/Share (NYSE:PSXP) phillips-66-partners-lp-up-1-boosts-quarterly-dividend-5-to-0-481share-nysepsxp/ phillips-66-partners-lp-up-1-boosts-quarterly-dividend-5-to-0-481share-nysepsxp/#respond Thu, 21 Apr 2016 00:04:23 +0000 ?p=50362 Shares of Phillips 66 Partners LP (NYSE:PSXP) were 1% higher Wednesday after the owner and operator of energy midstream assets declared a quarterly dividend of $0.481 per share, up 5%…

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Shares of Phillips 66 Partners LP (NYSE:PSXP) were 1% higher Wednesday after the owner and operator of energy midstream assets declared a quarterly dividend of $0.481 per share, up 5% from the prior quarterly distribution. The dividend is payable on May 12 to holders of record on May 3. PSXP was moving in the upper half of the 52-week range of $40.00 to $76.95.

The stock increased 1.50% or $0.89 on April 20, hitting $60.26. About 500,602 shares traded hands. Phillips 66 Partners LP (NYSE:PSXP) has risen 11.05% since September 14, 2015 and is uptrending. It has outperformed by 3.49% the S&P500.

Phillips 66 Partners LP owns, operates, develops, and acquires crude oil, refined petroleum products, and natural gas liquids pipelines and terminals, as well as other transportation and midstream assets in the United States. Its principal assets include Clifton Ridge crude system, a crude oil pipeline, terminal, and storage system in Sulphur, Louisiana; Sweeny to Pasadena products system, a refined petroleum product pipeline, terminal, and storage system to distribute diesel and gasoline in Old Ocean, Texas; and Hartford Connector products system, a refined petroleum product pipeline, terminal, and storage system that distributes diesel and gasoline to third-party pipeline and terminal systems located in Hartford, Illinois.

The companyÂ’s principal assets also consist of Gold Line products system, a refined petroleum product pipeline system that includes 4 terminals located in Wichita, Kansas; Kansas City, Kansas; Jefferson City, Missouri; and Cahokia, Illinois. In addition, it operates 2 refinery-grade propylene storage spheres located in Medford, Oklahoma; Bayway Rail Rack, a 4-track and 120-rail-car crude oil receiving facility, which is located in Linden, New Jersey; Ferndale Rail Rack, a 2-track and 54-rail-car crude oil receiving facility that is located in Ferndale, Washington; Cross-Channel Connector project, a refined petroleum product pipeline, which provides shippers with a connection from Pasadena terminal to third-party systems with water access on the Houston Ship Channel; and Eagle Ford Gathering System project, which constructs a crude oil gathering system that consists of 2 pipelines and a storage facility in Helena and Tilden, Texas. Phillips 66 Partners GP LLC operates as the general partner of Phillips 66 Partners LP. The company was founded in 2013 and is headquartered in Houston, Texas.

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Stanley Black & Decker Declares Unchanged Quarterly Dividend (NYSE:SWK) stanley-black-decker-declares-unchanged-quarterly-dividend-nyseswk/ stanley-black-decker-declares-unchanged-quarterly-dividend-nyseswk/#respond Wed, 20 Apr 2016 22:41:48 +0000 ?p=50332 Stanley Black & Decker (NYSE:SWK) has declared a quarterly dividend of $0.55 per share, unchanged from the previous three quarters, but up $0.03 from the same quarter a year ago.…

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Stanley Black & Decker Inc

Stanley Black & Decker (NYSE:SWK) has declared a quarterly dividend of $0.55 per share, unchanged from the previous three quarters, but up $0.03 from the same quarter a year ago. The dividend is payable on June 21 to shareholders of record as of June 1. Shares are lower at $108.44, towards the high of its 52-week range of $88.72 to $111.18.

The stock decreased 0.77% or $0.84 during the last trading session, hitting $108.22. About 2.17 million shares traded hands or 119.36% up from the average. Stanley Black & Decker, Inc. (NYSE:SWK) has risen 10.15% since September 14, 2015 and is uptrending. It has outperformed by 2.58% the S&P500.

Stanley Black & Decker, Inc. engages in tools and storage, security, and industrial product businesses in the United States. Its Tools & Storage segment provides corded and cordless electric power tools and equipment, including drills, wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staples, and anchors; lawn and garden products comprising trimmers, mowers, edgers, and related accessories; home products, such as vacuums, paint tools, and cleaning appliances; power tool accessories that include drill and router bits, abrasives, and saw blades; measuring, leveling, and layout tools; planes, hammers, demolition tools, knives, saws, chisels, and industrial and automotive tools; and storage products, such as tool boxes, sawhorses, medical cabinets, and engineered storage solutions.

The companyÂ’s Security segment offers electronic security systems; provides alarm monitoring, video surveillance, systems integration, and system maintenance services; markets asset tracking, infant protection, pediatric protection, patient protection, wander management, fall management, and emergency call products; sells automatic doors, commercial hardware, locking mechanisms, electronic keyless entry systems, keying systems, and tubular and mortise door locksets. Its Industrial segment sells fastening products and systems comprising stud welding systems, blind rivets and tools, blind inserts and tools, drawn arc weld studs, plastic and mechanical fasteners, self-piercing riveting systems, nut running systems, micro fasteners, high-strength structural fasteners, and hydraulic tools and accessories; sells and rents custom pipe handling, joint welding, and coating equipment; and provides pipeline inspection services. The company was formerly known as The Stanley Works and changed its name to Stanley Black & Decker, Inc. in March 2010. The company was founded in 1843 and is headquartered in New Britain, Connecticut.

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Mid-Day ETF Update: ETFs, Stocks Firm Up as Earnings, Home Sales Data Help Buoy Sentiment (NYSEARCA:SPY) mid-day-etf-update-etfs-stocks-firm-up-as-earnings-home-sales-data-help-buoy-sentiment-nysearcaspy/ mid-day-etf-update-etfs-stocks-firm-up-as-earnings-home-sales-data-help-buoy-sentiment-nysearcaspy/#respond Wed, 20 Apr 2016 22:39:40 +0000 ?p=50331 Active broad-market exchange-traded funds in Wednesday’s regular session: iPath S&P 500 VIX ST Futures ETN (VXX): -1.7% SPDR S&P 500 (NYSEARCA:SPY): +0.2% Market Vectors Gold Miners ETF (GDX): +2% ProShares…

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Active broad-market exchange-traded funds in Wednesday’s regular session: iPath S&P 500 VIX ST Futures ETN (VXX): -1.7% SPDR S&P 500 (NYSEARCA:SPY): +0.2% Market Vectors Gold Miners ETF (GDX): +2% ProShares Trust Ultra VIX Short Term Futures ETF (UVXY): -3% iShares MSCI Emerging Index Fund (EEM): +0.6% Broad Market Indicators Broad-market exchange-traded funds, including SPY, IWM and IVV were mixed. Actively traded PowerShares QQQ (QQQ) was up 0.4%. U.S. stocks were higher at session’s half, recovering from earlier losses, but remaining cautious. Crude oil prices also reversed earlier weakness. Upbeat earnings helped buoy market sentiment. Yahoo (YHOO) turned positive after results beat analyst expectations; it also said that it continues to focus on “strategic alternatives.” Chipmaker Intel (INTC) rose after topping Wall Street estimates but also forecast Q2 revenue below consensus and lowered its FY16 guidance and disclosed plans to eliminate 12,000 jobs. In economic data news, existing home sales rose 5.1% during March to a seasonally-adjusted annual rate of 5.33 million, above expectations for gain of 3.7%. Meanwhile. February home sales revised lower from initial reports. Power Play: Technology Tech funds were trading higher, ahead of the broader market. Technology Select Sector SPDR ETF (XLK), iShares Dow Jones US Technology ETF (IYW), iShares S&P North American Technology ETF (IGM) and iShares S&P North American Technology-Software Index (IGV) were weaker. SPDR S&P International Technology Sector ETF (IPK) was flat. Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) was up 1.6% and Semiconductor Sector Index Fund (SOXX) was up 1%. CalAmp (CAMP) was down 9.8% after reporting late Tuesday that Q4 sales were $70.8 million, just below the CapIQ mean for $71.05 million. Adjusted EPS were $0.32, meeting estimates. Q1 adjusted EPS are seen between $0.18 to $0.24, below forecasts for $0.26. Sales are expected between $77 million and $85 million, below the Street’s $89.69 million. FY17 sales are seen between $375 million to $400 million with adjusted EPS between $1.15 to $1.35.

Forecasts are for sales of $414.04 million and EPS of $1.41. Winners and Losers Financial Select Financial Sector SPDRs (XLF) was up 0.2%. Direxion Daily Financial Bull 3X shares (FAS) was up 0.7% while its bearish counterpart, FAZ, was down 0.9%. LegacyTexas Financial Group (LTXB) rose 11.3% after it reported late Tuesday that Q1 net income was $22.1 million or $0.48 per share, compared with the prior-year period’s $16.3 million or $0.35 per share. Core net earnings (a non-GAAP measure) were $0.43 per share, versus $0.39 per share in the comparable period a year ago. Analysts polled by Capital IQ were expecting EPS of $0.40. Revenue, calculated as the sum of net interest income and non-interest income, was $80.1 million, up from $65.7 million in the same quarter last year. The Street view is for $74.1 million. Energy Dow Jones U.S. Energy Fund (IYE) was up 1%; Energy Select Sector SPDR (XLE) was up 1%. Helix Energy Solutions Group (HLX) was up 9.4% despite reporting late Tuesday that it swung to a net loss for Q1 2016 on lower revenues versus the comparable period in 2015. Net loss for the quarter was $27.8 million, or $0.26 loss per share; compared to a net income of $19.6 million, or $0.19 earnings per share in Q1 2015. Analyst estimates were not available for comparison. Revenues were $91 million, down from $189.6 million reported for the same period last year. Commodities Crude was up 3.3%; United States Oil Fund (USO) was up 3%. Natural gas was up 1.4% and United States Natural Gas Fund (UNG) was up 0.6%. Gold was up 0.1%, while silver was up 1.3%. Among rare metal funds, Market Vectors Gold Miners rose 2% and earlier hit a new 52-week high of $23.79 – this was also the highes since September 2014.

Meanwhile, SPDR Gold Trust (GLD) was up 0.1% and iShares Silver Trust (SLV) was up 1.1%. Consumer Consumer staples funds were lower, in step with the broader market. Consumer Staples Select Sector SPDR (XLP), iShares Dow Jones US Consumer Goods (IYK) and Vanguard Consumer Staples ETF (VDC) were in negative territory. Consumer Discretionary Select Sector SPDR (XLY) and retail funds SPDR S&P Retail (XRT), PowerShares Dynamic Retail (PMR) and Market Vectors Retail ETF (RTH) were also in the red. Office Depot (ODP) and Staples (SPLS) were down 5.3% and 1.3%, respectively, as investors brace for a decision by a federal judge that could impact their multi-billion dollar merger. According to Reuters, attorneys for both the Federal Trade Commission (FTC) and Staples gave their closing arguments on Tuesday. The FTC is seeking a preliminary injunction to stop the proposed $6.3 million merger pending a decision by an FTC judge. The decision hinges on whether the judge decides that the merger will stifle competition and create a monopoly in the office supply business. The judge shut down several arguments by Staples’ attorney, leading investors to believe that his decision will scuttle the merger. The FTC has been successful before in stopping an Office Depot/Staples merger in 1997. Office Depot went on to buy OfficeMax in November 2013. Health Care Health care funds were lower, in line with the broader market. Health Care SPDR (XLV), iShares Dow Jones US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were in the red. Biotech ETF iShares NASDAQ Biotechnology Index (IBB) was down 0.4%. Alere (ALR) was down 15.2% following a report on Reuters, which cited Abbot (ABT) CEO Miles White as saying on a conference call that it would not be appropriate to comment on whether Abbot is committed to buying Alere. Reuters said his remarks fueled speculation that the deal might not close. The deal was agreed upon in February and in March Alere said it received a grand jury subpoena from the U.S. Department of Justice seeking documents relating to its sales practices and would delay filing its annual report, Reuters reported. ABT was down 0.3%.

The ETF increased 0.08% or $0.16 on April 20, hitting $210.07. SPDR S&P 500 ETF Trust (NYSEARCA:SPY) has risen 7.09% since September 14, 2015 and is uptrending. It has underperformed by 0.48% the S&P500.

SPDR S&P 500 ETF Trust is a unit investment trust. The ETF has a market cap of $191.12 billion. The Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index (the Index). It currently has negative earnings. The Trust seeks to achieve this investment objective by holding a portfolio of the common stocks that are included in the Index (the Portfolio), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the Index.

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Canadian Pacific Shares Fall as CEO Sticks With Merger Message (TSE:CP) canadian-pacific-shares-fall-as-ceo-sticks-with-merger-message-tsecp/ canadian-pacific-shares-fall-as-ceo-sticks-with-merger-message-tsecp/#respond Wed, 20 Apr 2016 22:37:27 +0000 ?p=50330 The CEO of Canadian Pacific Railway (CP.TO) still thinks railroad mergers are needed if the industry is to handle more freight, even after the company’s abandoned its bid for Norfolk…

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The CEO of Canadian Pacific Railway (CP.TO) still thinks railroad mergers are needed if the industry is to handle more freight, even after the company’s abandoned its bid for Norfolk Southern due to opposition from U.S. regulators. Hunter Harrison says that he thinks major railroad mergers will happen eventually and that they’ll be successful. He says worsening congestion in Chicago, where the major railroads all meet, will force a change. Harrison believes some of the opposition to Canadian Pacific’s attempted buyout came from people who didn’t oppose mergers but worried about the service problems that followed past railroad deals. Canadian Pacific shares fell nearly 2% Wednesday even after the railway said it will increase its dividend to $0.50, from $0.35. CP plans to repurchase up to 5% of its stock, or about 6.9 million shares.

The stock decreased 0.73% or $1.38 on April 20, hitting $188.57. About 743,703 shares traded hands or 100.69% up from the average. Canadian Pacific Railway Limited (TSE:CP) has risen 0.12% since September 14, 2015 and is uptrending. It has underperformed by 7.45% the S&P500.

Canadian Pacific Railway Limited operates a transcontinental railway in Canada and the United States (U.S.) and provides logistics and supply chain expertise. The company has a market cap of $29.39 billion. CP provides rail and intermodal transportation services over a network of approximately 13,700 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia (B.C.), and the United States Northeast and Midwest regions. It has 22.46 P/E ratio. The Firm transports bulk commodities, merchandise freight and intermodal traffic.

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Wipro ADRs Inch Lower; Q4 EPS Misses, Sales Top Views; Board OKs $378 Mln Share Buyback (NYSE:WIT) wipro-adrs-inch-lower-q4-eps-misses-sales-top-views-board-oks-378-mln-share-buyback-nysewit/ wipro-adrs-inch-lower-q4-eps-misses-sales-top-views-board-oks-378-mln-share-buyback-nysewit/#respond Wed, 20 Apr 2016 21:47:40 +0000 ?p=50307 ADRs of Wipro Ltd. (NYSE:WIT) were slightly lower Wednesday after the India-based information technology firm reported mixed Q4 results, with lower-than-expected earnings on higher revenues that beat forecasts provided by…

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ADRs of Wipro Ltd. (NYSE:WIT) were slightly lower Wednesday after the India-based information technology firm reported mixed Q4 results, with lower-than-expected earnings on higher revenues that beat forecasts provided by Capital IQ. For Q4 ended March 31, net income was INR 22.54 billion ($340.7 million) or INR 9.08 ($0.14) per share, down slightly from INR 22.87 billion or INR 9.21 per share and missing expectations for INR 9.51 per share. Revenues rose to INR 136.32 billion from INR 121.42 billion, beating forecasts for INR 134.32 billion.

Looking ahead, Wipro expects Q1 revenues from its IT services business to range between $1.90 billion to $1.94 billion. The company’s board approved a share buyback plan for up to 40 million shares at a price of INR 625 per share, for a total not exceeding INR 25 billion ($377.8 million). Wipro’s board also declared a final dividend of INR 1 per share, taking the total dividend declared for the year to INR 6 per share, compared to INR 12 per share for last year. WIT was moving in the upper half of its 52-week range of $10.65 to $13.08.

The stock decreased 0.08% or $0.01 on April 20, hitting $12.96. About 2.25M shares traded hands or 327.99% up from the average. Wipro Limited (ADR) (NYSE:WIT) has risen 10.76% since September 14, 2015 and is uptrending. It has outperformed by 3.19% the S&P500.

Wipro Limited provides information technology (IT) services worldwide. Its IT Services segment offers business application services, including enterprise application and connected enterprise services, business collaboration and customer experience services, mobility and enterprise security solutions, enterprise architecture and testing services, and open source products, as well as software-as-a-service solutions; IT infrastructure and outsourcing services; research and development services to facilitate breakthrough product and service transformations in various industry verticals; consulting services; and business process services comprising customer interaction, process enhancement, knowledge process outsourcing, and process transformational services, as well as finance and accounting, and procurement services.

This segment also offers Wipro Digital, which delivers user-centered digital transformation programs in various industry segments; data platform engineering solutions to deliver online or connected services; big data analytics solutions to create and deliver analytical platforms and solutions; data warehousing and appliances to provide solutions and services in the creation of enterprise-wide data warehouses and operational data platforms, as well as CXO services; and information management and business intelligence solutions and services. It serves various industries, such as banking, financial services, and insurance; healthcare and life sciences; retail, consumer, transport, and government; energy, natural resources, and utilities; manufacturing and high-tech; and global media and telecom. The companyÂ’s IT Products segment distributes third-party IT products comprising enterprise platforms, networking solutions, software products, data storage, contact center infrastructure, enterprise security, IT optimization technologies, video solutions, and end-user computing solutions. Wipro Limited was founded in 1945 and is headquartered in Bengaluru, India.

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Sonoco Products Company Shares Hit New High; Raises Quarterly Dividend 5.7% to $0.37 Per Share (NYSE:SON) sonoco-products-company-shares-hit-new-high-raises-quarterly-dividend-5-7-to-0-37-per-share-nyseson/ sonoco-products-company-shares-hit-new-high-raises-quarterly-dividend-5-7-to-0-37-per-share-nyseson/#respond Wed, 20 Apr 2016 21:02:11 +0000 ?p=50287 Sonoco Products Company (NYSE:SON) shares rose to a new high on Wednesday after the company said it is increasing its quarterly dividend 5.7% to $0.37, payable on June 10 to…

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Sonoco Products Co

Sonoco Products Company (NYSE:SON) shares rose to a new high on Wednesday after the company said it is increasing its quarterly dividend 5.7% to $0.37, payable on June 10 to shareholders of record as of May 13. The provider of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services said it is the 34th consecutive year of dividend increases. SON was up 0.3% recently and earlier hit a new high of $49.35. The 52-week low is at $34.68.

The stock increased 0.59% or $0.29 during the last trading session, hitting $49.09. About 648,370 shares traded hands or 7.94% up from the average. Sonoco Products Co (NYSE:SON) has risen 22.89% since September 14, 2015 and is uptrending. It has outperformed by 15.32% the S&P500.

Sonoco Products Company manufactures and sells industrial and consumer packaging products in North and South America, Europe, Australia, and Asia. The company operates through four segments: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions. The Consumer Packaging segment offers round composite cans; shaped rigid paperboard containers; fiber caulk/adhesive tubes; aluminum, steel, and peel able membrane easy-open closures for composite and metal cans; plastic bottles, jars, jugs, cups, and trays; and printed flexible packaging, rotogravure cylinder engraving, and global brand management services. The Paper and Industrial Converted Products segment provides recycled paperboard, chipboard, tubeboard, lightweight corestock, boxboard, linerboard, corrugating medium, and specialty grades; and paperboard tubes and cores, molded plugs, and reels.

This segment is also involved in the collection, processing, and recycling of old corrugated containers, paper, plastics, metal, glass, and other recyclable materials. The Display and Packaging segment offers point-of-purchase displays; custom packaging products; fulfillment services; primary package filling products; supply chain management; paperboard specialties; and retail packaging products, including printed backer cards, thermoformed blisters, and heat sealing equipment. The Protective Solutions segment provides custom-engineered, paperboard-based, and expanded foam protective packaging and components; and temperature-assured packaging products. The company sells its products in various markets, which include paper, textile, film, food, chemical, packaging, construction, and wire and cable. Sonoco Products Company was founded in 1899 and is headquartered in Hartsville, South Carolina.

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General Motors Maintains $0.38 Quarterly Dividend (NYSE:GM) general-motors-maintains-0-38-quarterly-dividend-nysegm/ general-motors-maintains-0-38-quarterly-dividend-nysegm/#respond Wed, 20 Apr 2016 18:38:10 +0000 ?p=50203 General Motors (NYSE:GM) said Wednesday morning it will distribute an unchanged quarterly dividend of $0.38 per share, payable on June 23 to holders of record on June 10. Shares of…

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General Motors (NYSE:GM) said Wednesday morning it will distribute an unchanged quarterly dividend of $0.38 per share, payable on June 23 to holders of record on June 10. Shares of the carmaker were up nearly 1% in recent trade, moving in the upper half of the 52-week range of $24.62 to $37.22.

The stock is up 0.80% or $0.25 after the news, hitting $32.23 per share. About 6.37 million shares traded hands. General Motors Company (NYSE:GM) has risen 4.07% since September 14, 2015 and is uptrending. It has underperformed by 3.50% the S&P500.

General Motors Company designs, builds, and sells cars, crossovers, trucks, and automobile parts worldwide. The company operates through GM North America, GM Europe, GM International Operations, GM South America, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Opel, Holden, Vauxhall, Baojun, Jiefang, and Wuling brand names.

The company also sells cars and trucks to dealers for consumer retail sales, as well as to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies, and governments. In addition, it offers connected safety, security and mobility solutions, and information technology services. The company, through its subsidiary, General Motors Financial Company, Inc., provides automotive financing services. General Motors Company was founded in 1897 and is based in Detroit, Michigan.

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Update – Metro Reports Up More Than 2% on Stronger Q2, Beats Estimates as Revenues Rise (TSE:MRU) update-metro-reports-up-more-than-2-on-stronger-q2-beats-estimates-as-revenues-rise-tsemru/ update-metro-reports-up-more-than-2-on-stronger-q2-beats-estimates-as-revenues-rise-tsemru/#respond Wed, 20 Apr 2016 17:54:22 +0000 ?p=50185 Metro (MRU.TO) is up more than 2% in early trade on Wednesday, taking it closer to a 52 week high of $45.29 – after it reported stronger second quarter net…

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Metro (MRU.TO) is up more than 2% in early trade on Wednesday, taking it closer to a 52 week high of $45.29 – after it reported stronger second quarter net income, beating analyst estimates, as revenues increased. The supermarket chain posted earnings of $124 million or $0.51 per share in the quarter ended March 12, up from $111.6 million or $0.43 per share in the same period last year.

Analysts expected EPS of $0.50. Revenue rose 6.5% to $2.88 billion while same store sales grew 5%. Metro said its focus on customer expectations and major investments in stores fueled growth in a highly competitive market. The company declared a dividend of $0.14 per share, up 20% from last year.

The stock is up 2.14% or $0.9 after the news, hitting $42.9 per share. About 426,387 shares traded hands. Metro, Inc. (TSE:MRU) has risen 22.99% since September 14, 2015 and is uptrending. It has outperformed by 15.42% the S&P500.

Metro Inc. is a retailer or a distributor and operates under various banners in the supermarket and discount divisions. The company has a market cap of $10.14 billion. The Firm operates approximately 340 supermarkets under the Metro and Metro Plus banners. It has 20.02 P/E ratio. It has over 200 discount stores operating under the Super C and Food Basics banners.

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Update – Metro Reports Up More Than 2% on Stronger Q2, Beats Estimates as Revenues Rise (TSE:MRU) update-metro-reports-up-more-than-2-on-stronger-q2-beats-estimates-as-revenues-rise-tsemru-2/ update-metro-reports-up-more-than-2-on-stronger-q2-beats-estimates-as-revenues-rise-tsemru-2/#respond Wed, 20 Apr 2016 17:54:22 +0000 ?p=50186 Metro (MRU.TO) is up more than 2% in early trade on Wednesday, taking it closer to a 52 week high of $45.29 – after it reported stronger second quarter net…

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Metro (MRU.TO) is up more than 2% in early trade on Wednesday, taking it closer to a 52 week high of $45.29 – after it reported stronger second quarter net income, beating analyst estimates, as revenues increased. The supermarket chain posted earnings of $124 million or $0.51 per share in the quarter ended March 12, up from $111.6 million or $0.43 per share in the same period last year.

Analysts expected EPS of $0.50. Revenue rose 6.5% to $2.88 billion while same store sales grew 5%. Metro said its focus on customer expectations and major investments in stores fueled growth in a highly competitive market. The company declared a dividend of $0.14 per share, up 20% from last year.

The stock is up 2.14% or $0.9 after the news, hitting $42.9 per share. About 426,387 shares traded hands. Metro, Inc. (TSE:MRU) has risen 22.99% since September 14, 2015 and is uptrending. It has outperformed by 15.42% the S&P500.

Metro Inc. is a retailer or a distributor and operates under various banners in the supermarket and discount divisions. The company has a market cap of $10.14 billion. The Firm operates approximately 340 supermarkets under the Metro and Metro Plus banners. It has 20.02 P/E ratio. It has over 200 discount stores operating under the Super C and Food Basics banners.

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Capitol Federal Financial to Maintain Quarterly Cash Dividend of $0.085/Share, Payable May 20 (NASDAQ:CFFN) capitol-federal-financial-to-maintain-quarterly-cash-dividend-of-0-085share-payable-may-20-nasdaqcffn/ capitol-federal-financial-to-maintain-quarterly-cash-dividend-of-0-085share-payable-may-20-nasdaqcffn/#respond Wed, 20 Apr 2016 17:38:50 +0000 ?p=50178 Capitol Federal Financial (NASDAQ:CFFN) said it will to maintain quarterly cash dividend of $0.085 per share. The dividend will be paid on May 20. The stock is edging lower in…

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Capitol Federal Financial (NASDAQ:CFFN) said it will to maintain quarterly cash dividend of $0.085 per share. The dividend will be paid on May 20. The stock is edging lower in early trading at $13.37.

The stock is up 0.11% or $0.02 after the news, hitting $13.4 per share. About 113,123 shares traded hands. Capitol Federal Financial, Inc. (NASDAQ:CFFN) has risen 10.58% since September 14, 2015 and is uptrending. It has outperformed by 3.01% the S&P500.

Capitol Federal Financial, Inc. operates as the holding company for Capitol Federal Savings Bank that provides various retail banking products and services in the United States. The company accepts various deposit products comprising savings accounts, money market accounts, interest-bearing and noninterest-bearing checking accounts, and certificates of deposits.

It also provides various loan products, such as one- to four-family residential real estate loans; construction-to-permanent loans secured by residential, multi-family dwellings, and commercial real estate properties; consumer loans comprising home equity loans and lines of credit, home improvement loans, auto loans, and loans secured by savings deposits; and multi-family and commercial loans. In addition, the company offers mobile banking, telephone banking, and online banking services, as well as bill payment services; operates a call center; invests in various securities; and serves as a mortgage reinsurance company. As of September 30, 2015, it operated a network of 47 branches, including 37 traditional branches and 10 in-store branches located in Kansas and Missouri. The company was founded in 1893 and is headquartered in Topeka, Kansas.

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BNC Bancorp to Retain Quarterly Cash Dividend at $0.05/Share, Payable May 27 (NASDAQ:BNCN) bnc-bancorp-to-retain-quarterly-cash-dividend-at-0-05share-payable-may-27-nasdaqbncn/ bnc-bancorp-to-retain-quarterly-cash-dividend-at-0-05share-payable-may-27-nasdaqbncn/#respond Wed, 20 Apr 2016 17:12:44 +0000 ?p=50167 The stock is down 0.27% or $0.06 after the news, hitting $22.24 per share. About 17,898 shares traded hands. BNC Bancorp (NASDAQ:BNCN) has risen 4.35% since September 14, 2015 and…

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The stock is down 0.27% or $0.06 after the news, hitting $22.24 per share. About 17,898 shares traded hands. BNC Bancorp (NASDAQ:BNCN) has risen 4.35% since September 14, 2015 and is uptrending. It has underperformed by 3.21% the S&P500.

BNC Bancorp operates as the bank holding company for Bank of North Carolina that provides commercial banking products and services to individuals, and small to medium size businesses. The company offers a range of deposit services, including non-interest bearing demand accounts, interest-bearing demand and savings accounts, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts. Its loan products portfolio comprises real estate loans, consumer loans, commercial and industrial loans, and other types of loans.

The company also provides residential mortgage products, including long-term fixed rate and variable rate loans; and small business administration loans for the purchase of businesses, business startups, business expansion, equipment, and working capital. In addition, BNC Bancorp provides various brokerage services, including financial planning, wealth management, private banking, and insurance products; and online and mobile banking services. As of January 25, 2016, it operated 64 banking offices in North and South Carolina, and Virginia. The company was founded in 1991 and is headquartered in High Point, North Carolina.

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Chemical Financial to Pay Unchanged Q2 Dividend of $0.26/Share (NASDAQ:CHFC) chemical-financial-to-pay-unchanged-q2-dividend-of-0-26share-nasdaqchfc/ chemical-financial-to-pay-unchanged-q2-dividend-of-0-26share-nasdaqchfc/#respond Wed, 20 Apr 2016 17:10:31 +0000 ?p=50225 Chemical Financial (NASDAQ:CHFC), a financial holding company, declared a Q2 cash dividend of $0.26 per share, unchanged from the dividend paid in the previous quarter. The Q2 dividend will be…

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Chemical Financial (NASDAQ:CHFC), a financial holding company, declared a Q2 cash dividend of $0.26 per share, unchanged from the dividend paid in the previous quarter. The Q2 dividend will be payable on June 17 to shareholders of record on June 3. Shares of the Midland, Michigan-based company opened 0.5% higher at $37.81 on Wednesday. The stock has gained more than 10% since the beginning of the year.

The stock is up 1.37% or $0.51 after the news, hitting $38.15 per share. About 235,597 shares traded hands. Chemical Financial Corporation (NASDAQ:CHFC) has risen 16.93% since September 14, 2015 and is uptrending. It has outperformed by 9.36% the S&P500.

Chemical Financial Corporation operates as the financial holding company of Chemical Bank that offers banking and fiduciary products and services to residents and business customers in Michigan. Its products and services include business and personal checking accounts, savings and individual retirement accounts, time deposit instruments, electronically accessed banking products, residential and commercial real estate financing, commercial lending, consumer financing, debit cards, safe deposit box services, money transfer services, automated teller machines, access to insurance and investment products, corporate and personal wealth management services, and other banking services. The company also offers mutual funds, annuity products, and market securities; trust, investment management, and custodial services; financial and estate planning; and retirement and employee benefit programs. As of December 31, 2015, it operated through 185 banking offices located in approximately 47 counties in Michigan, as well as 3 loan production offices and approximately 200 automated teller machines. Chemical Financial Corporation was founded in 1973 and is headquartered in Midland, Michigan.

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First Community Posts Q1 EPS in Line With Estimates, to Pay Unchanged Q1 Dividend of $0.08/Share (NASDAQ:FCCO) first-community-posts-q1-eps-in-line-with-estimates-to-pay-unchanged-q1-dividend-of-0-08share-nasdaqfcco/ first-community-posts-q1-eps-in-line-with-estimates-to-pay-unchanged-q1-dividend-of-0-08share-nasdaqfcco/#respond Wed, 20 Apr 2016 17:04:02 +0000 ?p=50162 First Community (NASDAQ:FCCO), the holding company for First Community Bank, reported first-quarter profit that matched analysts expectations. Net income increased to $1.47 million, or $0.22 per diluted share, for the…

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First Community (NASDAQ:FCCO), the holding company for First Community Bank, reported first-quarter profit that matched analysts expectations. Net income increased to $1.47 million, or $0.22 per diluted share, for the January-to-March quarter, from $1.40 million, or $0.21 per diluted share, a year earlier.

That matched the average estimate of two analysts polled by Capital IQ. Net interest income after provision for loan losses was $6.2 million in the first quarter, compared to $6.0 million a year earlier. Also on Wednesday, the company declared an unchanged Q1 dividend of $0.08 per share, payable May 13 to shareholders of record as of May 2. Shares of the Lexington, South Carolina-based company fell 1.5% to $14.45 on Tuesday, paring gains over the past six months to 18%.

The stock is down 0.62% or $0.09 after the news, hitting $14.36 per share. About 1,451 shares traded hands. First Community Corporation (NASDAQ:FCCO) has risen 13.42% since September 14, 2015 and is uptrending. It has outperformed by 5.86% the S&P500.

First Community Corporation operates as the bank holding company for First Community Bank which offers various commercial and retail banking products and services to small-to-medium sized businesses, professional concerns, and individuals. Its deposit products include demand deposit accounts, checking accounts, NOW accounts, and savings accounts, as well as other time deposits, such as daily money market accounts and longer-term certificates of deposits. The companyÂ’s loan portfolio comprises commercial loans that consist of secured and unsecured loans for working capital, business expansion, and the purchase of equipment and machinery; consumer loans, including secured and unsecured loans for financing automobiles, home improvements, education, and personal investments; real estate construction and acquisition loans; and fixed and variable rate mortgage loans.

It also provides other banking services, which include Internet banking, cash management services, safe deposit boxes, travelerÂ’s checks, direct deposit of payroll and social security checks, and automatic drafts for various accounts. In addition, the company offers non-deposit investment products and other investment brokerage services; VISA and MasterCard credit card services; financial planning/investment advisory services; and insurance services. As of March 16, 2016, it operated 15 banking offices located in the Midlands of South Carolina; Aiken, South Carolina; and Augusta, Georgia. First Community Corporation was incorporated in 1994 and is headquartered in Lexington, South Carolina.

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Carpenter Technology Declares Unchanged Quarterly Dividend (NYSE:CRS) carpenter-technology-declares-unchanged-quarterly-dividend-nysecrs/ carpenter-technology-declares-unchanged-quarterly-dividend-nysecrs/#respond Wed, 20 Apr 2016 16:48:39 +0000 ?p=50222 Carpenter Technology (NYSE:CRS) has declared a quarterly dividend of $0.18 per share, an amount that has been unchanged since 2008. The dividend is payable on June 2 to shareholders of…

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Carpenter Technology (NYSE:CRS) has declared a quarterly dividend of $0.18 per share, an amount that has been unchanged since 2008. The dividend is payable on June 2 to shareholders of record as of May 3. Shares closed on Tuesday at $37.13 with a 52-week range of $23.99 to $45.41

The stock is up 1.45% or $0.54 after the news, hitting $37.67 per share. About 160,795 shares traded hands. Carpenter Technology Corporation (NYSE:CRS) has risen 10.34% since September 14, 2015 and is uptrending. It has outperformed by 2.78% the S&P500.

Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. It operates through two segments: Specialty Alloys Operations and Performance Engineered Products. The company offers special alloys, such as heat resistant, and nickel and cobalt base alloys for use in components, such as rings, discs, and fasteners; and alloys for electronic, magnetic, and electrical applications. It also provides stainless products comprising a range of corrosion resistant alloys, including conventional stainless steel and proprietary grades for special applications; and titanium products for use in aircraft fasteners, medical devices, sporting equipment, and chemical and petroleum processing.

In addition, the company offers powder metals, such as spherical gas atomized powders; and alloy and tools steels in long forms, as well as rounds, plates, and sheets. Further, it distributes corrosion resistant steels, tool steels, and powder metals for various industries, as well as manufactures and rents down hole drilling tools and components for the oil and gas industry. The company distributes its products directly through its distribution network, as well as through independent distributors. It serves aerospace and defense, energy, transportation, medical, and industrial and consumer industries. Carpenter Technology Corporation was founded in 1889 and is based in Wyomissing, Pennsylvania.

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ETF Preview: ETFs Inch Higher, Futures Mostly Weaker as Crude Renews Declines; Existing Home Sales Data Still Ahead (NYSEARCA:SPY) etf-preview-etfs-inch-higher-futures-mostly-weaker-as-crude-renews-declines-existing-home-sales-data-still-ahead-nysearcaspy/ etf-preview-etfs-inch-higher-futures-mostly-weaker-as-crude-renews-declines-existing-home-sales-data-still-ahead-nysearcaspy/#respond Wed, 20 Apr 2016 16:44:21 +0000 ?p=50156 Active broad-market exchange-traded funds in Wednesday’s pre-market session: Market Vectors Gold Miners ETF (GDX): +0.2% SPDR S&P 500 (NYSEARCA:SPY): +0.1% iPath S&P 500 VIX ST Futures ETN (VXX): -1.8% iShares…

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Active broad-market exchange-traded funds in Wednesday’s pre-market session: Market Vectors Gold Miners ETF (GDX): +0.2% SPDR S&P 500 (NYSEARCA:SPY): +0.1% iPath S&P 500 VIX ST Futures ETN (VXX): -1.8% iShares MSCI Emerging Index Fund (EEM): -0.8% SPDR Select Sector Fund – Financial (XLF): +0.1% Broad-Market Indicators Most broad-market exchange-traded funds, including SPY, IWM, IVV and others, inched higher. Actively traded PowerShares QQQ (QQQ) was up 0.1%. U.S. stock futures were mostly lower, in step with crude oil futures, which declined following news that Kuwait oil workers have ended their 3-day strike. The strike – which had reduced Kuwait’s daily production by 60% – had helped lift crude oil prices in the previous session. Intel (INTC) and Coca-Cola (KO) both fell in pre-market trading on mixed financial results – also weighing on market sentiment. Looking ahead, investors will be watching for existing-home sales data, which is expected to show a March reading of 5.3 million. The report will be released at 10 am ET. Power Play: Financial Select Financial Sector SPDRs (XLF) was up 0.1%. Daily Financial Bull 3X shares (FAS) was up 0.2% while its bearish counterpart, FAZ, was up 0.4%. U.S. Bancorp (USB) was down 1.6% after the company reported earnings in line with estimates while its revenue fell slightly short. Total net income fell to $1.33 billion from $1.37 billion while on a per share basis, it was unchanged at $0.76 each, in line with the average estimate from analysts polled by Capital IQ. Revenue rose to $5.04 billion from $4.91 billion but missed the $5.07 billion consensus. Winners and Losers Technology Technology Select Sector SPDR ETF (XLK), Shares Dow Jones US Technology ETF (IYW), iShares S&P North American Technology ETF (IGM) and iShares S&P North American Technology-Software Index (IGV) were inactive.

SPDR S&P International Technology Sector ETF (IPK) was also unchanged. Semiconductor ETFs SPDR S&P Semiconductor (XSD) and Semiconductor Sector Index Fund (SOXX) were flat in pre-market trading. Intel (INTC) was down 1.9% after it reported Q1 revenue of $13.8 billion, about in line with the analyst consensus on Capital IQ of $13.8 billion. Earnings were $0.54 per share, better than expectations of $0.48 per share. For Q2, the company expects revenue of $13.5 billion, plus or minus $500 million. The Street is at $14.18 billion. For the full year, the company expects revenue up in the mid-single digits, vs. its prior outlook of mid- to high-single digits. Intel also today announced a CFO succession plan, with current CFO Stacy Smith transitioning to a new role at the company, leading sales, manufacturing and operations once his successor is in place. The company is beginning a formal search process for a new CFO. The company also announced a restructuring plan that includes closing facilities and cutting up to 12,000 jobs globally, or about 11% of its total workforce. Energy Dow Jones U.S. Energy Fund (IYE) was flat while Energy Select Sector SPDR (XLE) was down 0.4% in the pre-market session. Callon Petroleum Company (CPE) was up 1.1% after it said late Tuesday that it has priced its underwritten public offering of 22 million shares of common stock for total estimated gross proceeds of $187 million. The underwriters have been granted an option to purchase up to 3.3 million additional shares.

The company intends to use the net proceeds to fund its pending Big Star acquisition, or for exploration and development activities and for general corporate purposes. The offering is expected to close on April 25, subject to customary closing conditions. Commodities Crude was down 2.4% while natural gas futures were up 0.9%. United States Oil Fund (USO) was down 2.2% and United States Natural Gas Fund (UNG) was down 0.3%. Gold was down 0.1% and SPDR Gold Trust (GLD) was down 0.02%. Silver was up 0.7% while iShares Silver Trust (SLV) was up 0.4%. Health Care Health Care SPDR (XLV), Vanguard Health Care ETF (VHT) and iShares Dow Jones US Healthcare (IYH) were flat. Biotechnology fund iShares NASDAQ Biotechnology Index (IBB) was up 0.4%. Oculus Innovative Sciences (OCLS) rose 27.6% after the company said the U.S. Food and Drug Administration has approved its Microcyn-based Lasercyn gel for the management of post-non-ablative laser therapy procedures, post-microdermabrasion therapy and following superficial chemical peels. Lasercyn may also be used to relieve itch and pain from minor skin irritations, lacerations, abrasions and minor burns. The company said it will start marketing Lasercyn via its own U.S. dermatology sales team beginning in the summer of 2016. Consumer Consumer Staples Select Sector SPDR (XLP), iShares Dow Jones US Consumer Goods (IYK) and Vanguard Consumer Staples ETF (VDC) were inactive. Consumer Discretionary SPDR (XLY) and retail funds SPDR S&P Retail (XRT), PowerShares Dynamic Retail (PMR) and Market Vectors Retail ETF (RTH) were flat. DISH Network (DISH) was up 1.4% after it reported Q1 earnings rose to $389 million or $0.84 per diluted share from $351 million or $0.76 a year ago, exceeding the $0.57 average estimate from analysts polled by Capital IQ. The provider of voice and broadband services as well as TV channels said revenue rose to $3.79 billion from $3.72 a year ago compared to the $3.8 billion consensus. Subscriber-related revenue rose to $3.78 from $3.7 billion a year earlier.

The ETF is up 0.13% or $0.27 after the news, hitting $210.18 per share. SPDR S&P 500 ETF Trust (NYSEARCA:SPY) has risen 7.09% since September 14, 2015 and is uptrending. It has underperformed by 0.48% the S&P500.

SPDR S&P 500 ETF Trust is a unit investment trust. The ETF has a market cap of $191.22 billion. The Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index (the Index). It currently has negative earnings. The Trust seeks to achieve this investment objective by holding a portfolio of the common stocks that are included in the Index (the Portfolio), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the Index.

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Shell Midstream Partners to Pay 7% Higher Quarterly Distribution of $0.235/Unit (NYSE:SHLX) shell-midstream-partners-to-pay-7-higher-quarterly-distribution-of-0-235unit-nyseshlx/ shell-midstream-partners-to-pay-7-higher-quarterly-distribution-of-0-235unit-nyseshlx/#respond Wed, 20 Apr 2016 16:10:21 +0000 ?p=50142 Shell Midstream Partners, L.P (NYSE:SHLX) said Wednesday that it will pay a quarterly cash distribution on its common units of $0.235 per unit on May 12 to unit-holders of record…

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Shell Midstream Partners, L.P (NYSE:SHLX) said Wednesday that it will pay a quarterly cash distribution on its common units of $0.235 per unit on May 12 to unit-holders of record on May 2. The midstream energy company increased its distribution rate by 7% from the $0.22 per unit paid for the previous quarter. Shares were inactive pre-bell, below the midpoint of the 52-week range of $25.13 – $49.77.

The stock is up 1.46% or $0.51 after the news, hitting $35.56 per share. About 104,587 shares traded hands. Shell Midstream Partners LP (NYSE:SHLX) has risen 2.87% since September 14, 2015 and is uptrending. It has underperformed by 4.69% the S&P500.

Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream assets in the United States. The company owns interests in four crude oil pipeline systems and two refined products pipeline systems, as well as a crude tank storage and terminal system. Its crude oil pipeline systems include approximately 350 miles of Zydeco pipeline system from Houston to St.

James and Clovelly, Louisiana; and Mars pipeline system originating approximately 95 miles offshore in the deepwater Mississippi Canyon and in salt dome caverns in Clovelly, Louisiana. The companyÂ’s refined products pipeline systems consist of 158-mile Bengal pipeline system connecting four refineries in southern Louisiana to long-haul transportation pipelines; and approximately 5,500 miles of pipeline connecting refineries along the Gulf Coast to approximately 265 marketing terminals between Houston, Texas and Linden, New Jersey. Shell Midstream Partners GP LLC serves as the general partner of Shell Midstream Partners, L.P. The company was founded in 2014 and is based in Houston, Texas. Shell Midstream Partners, L.P. is a subsidiary of Shell Midstream LP Holdings LLC.

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Update – CP Rail Reports Q1 Beat and Record Low Q1 Operating Ratio, Lifts Dividend By 43% and Plans To Buy Back Up To C$1.31B of Stock (TSE:CP) update-cp-rail-reports-q1-beat-and-record-low-q1-operating-ratio-lifts-dividend-by-43-and-plans-to-buy-back-up-to-c1-31b-of-stock-tsecp/ update-cp-rail-reports-q1-beat-and-record-low-q1-operating-ratio-lifts-dividend-by-43-and-plans-to-buy-back-up-to-c1-31b-of-stock-tsecp/#respond Wed, 20 Apr 2016 14:51:09 +0000 ?p=50105 Canada’s giant CP Rail (CP.TO, CP) – which has failed in separate attempts to buy or merge with U.S. rivals CSX Corp and Norfolk Southern respectively inside the last two…

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Canada’s giant CP Rail (CP.TO, CP) – which has failed in separate attempts to buy or merge with U.S. rivals CSX Corp and Norfolk Southern respectively inside the last two years – Wednesday announced its lowest-ever first-quarter operating ratio of 58.9% and reported $2.50 on an adjusted diluted earnings per share basis. This beat forecasts around a profit of $2.41. CP also announced that it intends to seek Toronto Stock Exchange acceptance of a new normal course issuer bid.

Subject to TSX acceptance, CP’s board of directors has authorized the repurchase of up to 6.91 million of its common shares, for cancellation, representing approximately 5% of CP’s “public float” of common shares as at April 19, 2016. According to Bloomberg, that would value the repurchase at C$1.31 billion based on Tuesday’s closing price at the maximum buyback. Chief Executive Officer Hunter Harrison had flagged a buy back if the Norfolk deal didn’t happen. The board also authorized an increase to the company’s quarterly dividend to $0.50 per share from $0.35 payable on July 25, 2016 to shareholders of record on June 24, 2016.

The stock is down 2.64% or $5.01 after the news, hitting $184.94 per share. About 195,059 shares traded hands. Canadian Pacific Railway Limited (TSE:CP) has risen 0.12% since September 14, 2015 and is uptrending. It has underperformed by 7.45% the S&P500.

Canadian Pacific Railway Limited operates a transcontinental railway in Canada and the United States (U.S.) and provides logistics and supply chain expertise. The company has a market cap of $28.83 billion. CP provides rail and intermodal transportation services over a network of approximately 13,700 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia (B.C.), and the United States Northeast and Midwest regions. It has 22.03 P/E ratio. The Firm transports bulk commodities, merchandise freight and intermodal traffic.

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Update – CP Rail Reports Q1 Beat and Record Low Q1 Operating Ratio, Lifts Dividend By 43% and Plans To Buy Back Up To C$1.31B of Stock (TSE:CP) update-cp-rail-reports-q1-beat-and-record-low-q1-operating-ratio-lifts-dividend-by-43-and-plans-to-buy-back-up-to-c1-31b-of-stock-tsecp-2/ update-cp-rail-reports-q1-beat-and-record-low-q1-operating-ratio-lifts-dividend-by-43-and-plans-to-buy-back-up-to-c1-31b-of-stock-tsecp-2/#respond Wed, 20 Apr 2016 14:51:09 +0000 ?p=50106 Canada’s giant CP Rail (CP.TO, CP) – which has failed in separate attempts to buy or merge with U.S. rivals CSX Corp and Norfolk Southern respectively inside the last two…

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Canada’s giant CP Rail (CP.TO, CP) – which has failed in separate attempts to buy or merge with U.S. rivals CSX Corp and Norfolk Southern respectively inside the last two years – Wednesday announced its lowest-ever first-quarter operating ratio of 58.9% and reported $2.50 on an adjusted diluted earnings per share basis. This beat forecasts around a profit of $2.41. CP also announced that it intends to seek Toronto Stock Exchange acceptance of a new normal course issuer bid.

Subject to TSX acceptance, CP’s board of directors has authorized the repurchase of up to 6.91 million of its common shares, for cancellation, representing approximately 5% of CP’s “public float” of common shares as at April 19, 2016. According to Bloomberg, that would value the repurchase at C$1.31 billion based on Tuesday’s closing price at the maximum buyback. Chief Executive Officer Hunter Harrison had flagged a buy back if the Norfolk deal didn’t happen. The board also authorized an increase to the company’s quarterly dividend to $0.50 per share from $0.35 payable on July 25, 2016 to shareholders of record on June 24, 2016.

The stock is down 2.64% or $5.01 after the news, hitting $184.94 per share. About 195,059 shares traded hands. Canadian Pacific Railway Limited (TSE:CP) has risen 0.12% since September 14, 2015 and is uptrending. It has underperformed by 7.45% the S&P500.

Canadian Pacific Railway Limited operates a transcontinental railway in Canada and the United States (U.S.) and provides logistics and supply chain expertise. The company has a market cap of $28.83 billion. CP provides rail and intermodal transportation services over a network of approximately 13,700 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia (B.C.), and the United States Northeast and Midwest regions. It has 22.03 P/E ratio. The Firm transports bulk commodities, merchandise freight and intermodal traffic.

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Southwest Bancorp Q1 Earnings Decline Year-Over-Year; Shares Flat in Pre Market (NASDAQ:OKSB) southwest-bancorp-q1-earnings-decline-year-over-year-shares-flat-in-pre-market-nasdaqoksb/ southwest-bancorp-q1-earnings-decline-year-over-year-shares-flat-in-pre-market-nasdaqoksb/#respond Wed, 20 Apr 2016 14:42:20 +0000 ?p=50213 Southwest Bancorp (NASDAQ:OKSB) reported Q1 2016 net income of $1.9 million, or $0.10 per diluted share, compared to $4.5 million, or $0.24 per diluted share, for Q1 of 2015, and…

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Southwest Bancorp (NASDAQ:OKSB) reported Q1 2016 net income of $1.9 million, or $0.10 per diluted share, compared to $4.5 million, or $0.24 per diluted share, for Q1 of 2015, and well short of the Capital IQ consensus estimate of $0.24 per share, if comparable. The company attributed the decrease to a $4.4 million loan loss provision primarily driven by the impact of low energy prices, combined with deterioration in a few general business credits. “Although the quarter was less than we expected,” said Mark Funke, CEO of Southwest Bancorp, “we will continue to focus our company on producing consistent, conservative, and sustainable earnings … while prudently managing risk and expenses.” As of March 31, 2016, total assets were $2.4 billion, an increase of $3.8 million, when compared to year-end 2015. Total loans grew to $1.78 billion, a 24% increase from Q1 of 2015. The bank also has approved a quarterly cash dividend of $0.08 per share payable May 13 to shareholders of record as of Apr. 29. In Wednesday’s pre-market session, shares of Southwest Bancorp were unchanged from their Tuesday closing price of $15.86, and have a 52-week range of $14 -$19.

The stock is down 6.05% or $0.96 after the news, hitting $14.9 per share. About 25,964 shares traded hands. Southwest Bancorp, Inc. (NASDAQ:OKSB) has declined 2.28% since September 14, 2015 and is downtrending. It has underperformed by 9.85% the S&P500.

Southwest Bancorp, Inc. operates as the holding company for the Bank SNB that provides commercial and retail financial services. It operates through four segments: Oklahoma Banking, Texas Banking, Kansas Banking, and Other Operations. The company provides commercial deposit, commercial checking, money market, and other deposit accounts; and retail deposit services, such as certificates of deposit, money market accounts, checking accounts, negotiable order of withdrawal accounts, savings accounts, and automatic teller machine access.

It also offers commercial lending services, including commercial real estate, working capital, and construction loans; loans for small business, equipment and general business expansion, and energy companies, as well as for health care providers, businesses, and related concerns; and consumer lending services comprising residential real estate loans and mortgage banking services, personal lines of credit, automobile loans, and other installment loans. In addition, the company provides Bank SNB Digital Lockbox, an automated lockbox, document imaging, and information service for commercial customers; personal brokerage; and Internet banking services. As of December 31, 2015, it had 32 full-service banking centers, including 5 located in Stillwater; 9 in the Oklahoma City; 3 in Denver; 2 each in Tulsa, Dallas, and San Antonio metropolitan areas; 2 each in Hutchinson and Wichita; and 1 each in Chickasha, Austin, Tilden, Fort Worth, and Colorado Springs. Southwest Bancorp, Inc. was founded in 1894 and is headquartered in Stillwater, Oklahoma.

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CP Rail Reports Q1 Beat and Record Low Q1 Operating Ratio, Lifts Dividend By 43% and Plans To Launch New Share Repurchase Program (TSE:CP) cp-rail-reports-q1-beat-and-record-low-q1-operating-ratio-lifts-dividend-by-43-and-plans-to-launch-new-share-repurchase-program-tsecp/ cp-rail-reports-q1-beat-and-record-low-q1-operating-ratio-lifts-dividend-by-43-and-plans-to-launch-new-share-repurchase-program-tsecp/#respond Wed, 20 Apr 2016 13:58:48 +0000 ?p=50082 Canada’s giant CP Rail (CP.TO, CP) – which has failed in separate attempts to buy or merge with U.S. rivals CSX Corp and Norfolk Southern respectively inside the last two…

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Canada’s giant CP Rail (CP.TO, CP) – which has failed in separate attempts to buy or merge with U.S. rivals CSX Corp and Norfolk Southern respectively inside the last two years – Wednesday announced its lowest-ever first-quarter operating ratio of 58.9% and reported $2.50 on an adjusted diluted earnings per share basis. This beat forecasts around a profit of $2.41. CP also announced that it intends to seek Toronto Stock Exchange acceptance of a new normal course issuer bid. Subject to TSX acceptance, CP’s board of directors has authorized the repurchase of up to 6.91 million of its common shares, for cancellation, representing approximately 5% of CP’s “public float” of common shares as at April 19, 2016. The board also authorized an increase to the company’s quarterly dividend to $0.50 per share from $0.35 payable on July 25, 2016 to shareholders of record on June 24, 2016.

The stock closed at $189.95 during the last session. It is down 0.12% since September 14, 2015 and is uptrending. It has underperformed by 7.45% the S&P500.

Canadian Pacific Railway Limited operates a transcontinental railway in Canada and the United States (U.S.) and provides logistics and supply chain expertise. The company has a market cap of $29.61 billion. CP provides rail and intermodal transportation services over a network of approximately 13,700 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia (B.C.), and the United States Northeast and Midwest regions. It has 22.62 P/E ratio. The Firm transports bulk commodities, merchandise freight and intermodal traffic.

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Canadian Pacific Railway Plans to Launch New Share Repurchase Program and Increase Dividend by 43% (NYSE:CP) canadian-pacific-railway-plans-to-launch-new-share-repurchase-program-and-increase-dividend-by-43-nysecp/ canadian-pacific-railway-plans-to-launch-new-share-repurchase-program-and-increase-dividend-by-43-nysecp/#respond Wed, 20 Apr 2016 13:56:37 +0000 ?p=50081 Canadian Pacific Railway (NYSE:CP) said it plans to seek Toronto Stock Exchange’s acceptance of a new normal-course issuer bid for a share repurchase program. Subject to TSX acceptance, CP’s board…

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Canadian Pacific Railway (NYSE:CP) said it plans to seek Toronto Stock Exchange’s acceptance of a new normal-course issuer bid for a share repurchase program. Subject to TSX acceptance, CP’s board has authorized the repurchase of up to 6.91 million of its common shares for cancellation, representing about 5% of CP’s public float as at April 19, a company statement said early Wednesday. The board also authorized an increase to the company’s quarterly dividend to $0.50 per share from $0.35 payable July 25 to shareholders of record June 24. “With the increase in dividend and the new share repurchase program, we are renewing our commitment to return cash to shareholders,” E. Hunter Harrison, the chief executive officer of CPR, said. Shares, which rose 0.4% in post-market trading Wednesday, trade in the upper half of their 52-week range of $97.09 – $198.44.

The stock is down 2.32% or $3.48 after the news, hitting $146.35 per share. About 7,779 shares traded hands. Canadian Pacific Railway Limited (USA) (NYSE:CP) has risen 4.59% since September 14, 2015 and is uptrending. It has underperformed by 2.98% the S&P500.

Canadian Pacific Railway Limited, together with its subsidiaries, operates a transcontinental railway in Canada and the United States. It transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight comprising finished vehicles and automotive parts, chemicals and plastics, crude oil, as well as petroleum, forest, industrial, metals, minerals, and consumer products.

The company also transports intermodal traffic consisting of retail goods in overseas containers that can be transported by train, ship, and truck, as well as in domestic containers and trailers that can be moved by train and truck. It offers rail and intermodal transportation services over a track network of approximately 12,500 miles, serving the business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the United States Midwest and Northeast regions. In addition, the company provides truck-rail transload facilities and logistics services. Canadian Pacific Railway Limited was founded in 1881 and is headquartered in Calgary, Canada.

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CP Rail Announced its Lowest-ever Q1 Operating Ratio of 58.9% (TSE:CP) cp-rail-announced-its-lowest-ever-q1-operating-ratio-of-58-9-tsecp/ cp-rail-announced-its-lowest-ever-q1-operating-ratio-of-58-9-tsecp/#respond Wed, 20 Apr 2016 13:13:42 +0000 ?p=50076 The stock closed at $189.95 during the last session. It is down 0.12% since September 14, 2015 and is uptrending. It has underperformed by 7.45% the S&P500. Canadian Pacific Railway…

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The stock closed at $189.95 during the last session. It is down 0.12% since September 14, 2015 and is uptrending. It has underperformed by 7.45% the S&P500.

Canadian Pacific Railway Limited operates a transcontinental railway in Canada and the United States (U.S.) and provides logistics and supply chain expertise. The company has a market cap of $29.61 billion. CP provides rail and intermodal transportation services over a network of approximately 13,700 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia (B.C.), and the United States Northeast and Midwest regions. It has 22.62 P/E ratio. The Firm transports bulk commodities, merchandise freight and intermodal traffic.

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CP Rail Q1 Adjusted Diluted EPS $2.50 Vs Forecast C$2.41 (TSE:CP) cp-rail-q1-adjusted-diluted-eps-2-50-vs-forecast-c2-41-tsecp/ cp-rail-q1-adjusted-diluted-eps-2-50-vs-forecast-c2-41-tsecp/#respond Wed, 20 Apr 2016 13:11:34 +0000 ?p=50075 The stock closed at $189.95 during the last session. It is down 0.12% since September 14, 2015 and is uptrending. It has underperformed by 7.45% the S&P500. Canadian Pacific Railway…

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The stock closed at $189.95 during the last session. It is down 0.12% since September 14, 2015 and is uptrending. It has underperformed by 7.45% the S&P500.

Canadian Pacific Railway Limited operates a transcontinental railway in Canada and the United States (U.S.) and provides logistics and supply chain expertise. The company has a market cap of $29.61 billion. CP provides rail and intermodal transportation services over a network of approximately 13,700 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia (B.C.), and the United States Northeast and Midwest regions. It has 22.62 P/E ratio. The Firm transports bulk commodities, merchandise freight and intermodal traffic.

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CP Rail Says Will Launch New Share Repurchase Program (TSE:CP) cp-rail-says-will-launch-new-share-repurchase-program-tsecp/ cp-rail-says-will-launch-new-share-repurchase-program-tsecp/#respond Wed, 20 Apr 2016 13:07:08 +0000 ?p=50073 The stock closed at $189.95 during the last session. It is down 0.12% since September 14, 2015 and is uptrending. It has underperformed by 7.45% the S&P500. Canadian Pacific Railway…

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The stock closed at $189.95 during the last session. It is down 0.12% since September 14, 2015 and is uptrending. It has underperformed by 7.45% the S&P500.

Canadian Pacific Railway Limited operates a transcontinental railway in Canada and the United States (U.S.) and provides logistics and supply chain expertise. The company has a market cap of $29.61 billion. CP provides rail and intermodal transportation services over a network of approximately 13,700 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia (B.C.), and the United States Northeast and Midwest regions. It has 22.62 P/E ratio. The Firm transports bulk commodities, merchandise freight and intermodal traffic.

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CP Rail Lifts Dividend To C$0.50 From $0.35 Per Share (TSE:CP) cp-rail-lifts-dividend-to-c0-50-from-0-35-per-share-tsecp/ cp-rail-lifts-dividend-to-c0-50-from-0-35-per-share-tsecp/#respond Wed, 20 Apr 2016 13:04:59 +0000 ?p=50072 The stock closed at $189.95 during the last session. It is down 0.12% since September 14, 2015 and is uptrending. It has underperformed by 7.45% the S&P500. Canadian Pacific Railway…

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The stock closed at $189.95 during the last session. It is down 0.12% since September 14, 2015 and is uptrending. It has underperformed by 7.45% the S&P500.

Canadian Pacific Railway Limited operates a transcontinental railway in Canada and the United States (U.S.) and provides logistics and supply chain expertise. The company has a market cap of $29.61 billion. CP provides rail and intermodal transportation services over a network of approximately 13,700 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia (B.C.), and the United States Northeast and Midwest regions. It has 22.62 P/E ratio. The Firm transports bulk commodities, merchandise freight and intermodal traffic.

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Metro Reports Stronger Q2, Beats Estimates as Revenues Rise (TSE:MRU) metro-reports-stronger-q2-beats-estimates-as-revenues-rise-tsemru/ metro-reports-stronger-q2-beats-estimates-as-revenues-rise-tsemru/#respond Wed, 20 Apr 2016 12:43:16 +0000 ?p=50062 Metro (MRU.TO) on Wednesday reported stronger second quarter net income, beating analyst estimates, as revenues increased. The supermarket chain posted earnings of $124 million or $0.51 per share in the…

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Metro (MRU.TO) on Wednesday reported stronger second quarter net income, beating analyst estimates, as revenues increased. The supermarket chain posted earnings of $124 million or $0.51 per share in the quarter ended March 12, up from $111.6 million or $0.43 per share in the same period last year.

Analysts expected EPS of $0.50. Revenue rose 6.5% to $2.88 billion while same store sales grew 5%. Metro said its focus on customer expectations and major investments in stores fueled growth in a highly competitive market. The company declared a dividend of $0.14 per share, up 20% from last year.

The stock decreased 0.71% or $0.3 on April 19, hitting $42. About 904,519 shares traded hands or 49.20% up from the average. Metro, Inc. (TSE:MRU) has risen 22.99% since September 14, 2015 and is uptrending. It has outperformed by 15.42% the S&P500.

Metro Inc. is a retailer or a distributor and operates under various banners in the supermarket and discount divisions. The company has a market cap of $9.91 billion. The Firm operates approximately 340 supermarkets under the Metro and Metro Plus banners. It has 19.6 P/E ratio. It has over 200 discount stores operating under the Super C and Food Basics banners.

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Speedway Motorsports to Pay Unchanged $0.15 Quarterly Dividend (NYSE:TRK) speedway-motorsports-to-pay-unchanged-0-15-quarterly-dividend-nysetrk/ speedway-motorsports-to-pay-unchanged-0-15-quarterly-dividend-nysetrk/#respond Wed, 20 Apr 2016 10:55:08 +0000 ?p=50026 Speedway Motorsports (NYSE:TRK) said late Tuesday that it will pay a quarterly cash dividend on its common stock of $0.15 per share on June 6 to shareholders of record on…

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Speedway Motorsports (NYSE:TRK) said late Tuesday that it will pay a quarterly cash dividend on its common stock of $0.15 per share on June 6 to shareholders of record on May 16. The motorsports entertainment company maintained its dividend rate from the previous quarter. Shares were inactive pre-bell, near the low end of the 52-week range of $17.39 – $25.66.

The stock decreased 0.55% or $0.1 during the last trading session, hitting $18.09. Speedway Motorsports, Inc. (NYSE:TRK) has declined 4.24% since September 14, 2015 and is downtrending. It has underperformed by 11.80% the S&P500.

Speedway Motorsports, Inc., through its subsidiaries, promotes, markets, and sponsors motorsports activities in the United States. The company owns and operates eight racing facilities, including Atlanta Motor Speedway, Bristol Motor Speedway, Charlotte Motor Speedway, Kentucky Speedway, Las Vegas Motor Speedway, New Hampshire Motor Speedway, Sonoma Raceway, and Texas Motor Speedway racing facilities.

As of December 31, 2015, its racing facilities included total seating capacity of approximately 786,000 with 760 luxury suites. The company also provides event and non-event souvenir merchandising and distribution services; food, beverage, and hospitality catering services; and radio programming, production, and distribution services. In addition, it manufactures and distributes modified racing cars and parts; produces and sells environmentally-friendly micro-lubricant; distributes wholesale and retail motorsports and other sports-related souvenir merchandise and apparel; leases oil and gas mineral rights; and rents warehouse, industrial park, and office space, as well as tracks for motorsports and non-motorsports events and activities, and driving schools. Speedway Motorsports, Inc. was founded in 1959 and is based in Concord, North Carolina.

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M&T Bank Announces Dividend for Series A and Series C Preferred Stock (NYSE:MTB) mt-bank-announces-dividend-for-series-a-and-series-c-preferred-stock-nysemtb/ mt-bank-announces-dividend-for-series-a-and-series-c-preferred-stock-nysemtb/#respond Wed, 20 Apr 2016 00:32:19 +0000 ?p=50017 M&T Bank (NYSE:MTB) announced quarterly cash dividends of $15.9375 per share on each of its Series A (MTBPr) and Series C (MTBPrC) preferred stock. The dividends will be payable May…

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M&T Bank Corp

M&T Bank (NYSE:MTB) announced quarterly cash dividends of $15.9375 per share on each of its Series A (MTBPr) and Series C (MTBPrC) preferred stock. The dividends will be payable May 16 to shareholders of record at the close of business May 2, according to a statement late Tuesday. Shares, which were flat in post-market trading after closing up 1.9% Tuesday, trade near the midpoint of their 52-week range of $100.07 – $134.

The stock increased 1.76% or $2.04 during the last trading session, hitting $117.85. M&T Bank Corporation (NYSE:MTB) has declined 3.22% since September 14, 2015 and is downtrending. It has underperformed by 10.02% the S&P500.

M&T Bank Corporation operates as the holding company for M&T Bank and Wilmington Trust, National Association that provide commercial and retail banking services. The companyÂ’s Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals. Its Commercial Banking segment provides commercial lending and leasing, letters of credit, deposit products, and cash management services to middle-market and large commercial customers. The companyÂ’s Commercial Real Estate segment offers credit services, which are secured by various types of multifamily residential and commercial real estate properties, as well as deposit services. Its Discretionary Portfolio segment provides securities, residential mortgage loans, and other assets; short-term and long-term borrowed funds; brokered deposits; and Cayman Islands branch deposits, as well as foreign exchange services.

The companyÂ’s Residential Mortgage Banking segment originates and services residential real estate loans and sells those loans in the secondary market; and purchases servicing rights to loans originated by other entities. Its Retail Banking segment offers demand, savings, and time accounts; consumer installment loans, automobile loans, home equity loans and lines of credit, and credit cards; mutual funds and annuities; and other services. The company also offers trust and wealth management services; fiduciary and custodial services; investment management services; and insurance agency services, as well as reinsures credit life. The company offers its services through banking offices, business banking centers, telephone and Internet banking, and automated teller machines. As of December 31, 2015, it had 807 banking offices in the United States; a commercial banking office in Canada; and an office in the Cayman Islands. The company was founded in 1856 and is headquartered in Buffalo, New York.

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