On Friday, Shares of The Charles Schwab Corporation (NYSE:SCHW), lost -0.43% to $34.81.
The Board of Directors of The Charles Schwab Corporation has declared a regular quarterly cash dividend of $0.06 per common share. The dividend is payable August 21, 2015 to stockholders of record as of the close of business on August 7, 2015.
The Board of Directors of The Charles Schwab Corporation has also declared a regular quarterly dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of $15.00 per share or $0.375 per depositary share, each representing 1/40th interest in a share of Series B Preferred Stock. The dividend is payable September 1, 2015 to stockholders of record at the close of business on August 17, 2015.
The Charles Schwab Corporation, through its auxiliaries, provides wealth administration, securities brokerage, banking, money administration, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services.
Shares of Marathon Petroleum Corporation (NYSE:MPC), lost -0.02% to $56.32, during its last trading session.
Last week MPLX LP (MPLX) and MarkWest Energy Partners, L.P. (MWE) (MarkWest) declared they had signed a definitive merger agreement whereby MarkWest would become a wholly owned partner of MPLX. In connection with the declaration, MPLX affirmed its anticipated distribution growth guidance of 29 percent in 2015 and shared that it anticipates a 25 percent compound annual distribution growth rate for the combined entity through 2017, with a “peer-leading” distribution growth profile thereafter. MPLX and MarkWest are clarifying “peer-leading” implies an annual distribution growth profile of about 20 percent in years 2018 and 2019.
The combined partnership also anticipates the opportunity for incremental growth capital investments afforded by the stronger financial position of the combined entity and support from its investment grade sponsor Marathon Petroleum Corporation (MPC).
MPLX and MarkWest are providing additional information on the incremental organic growth opportunities accessible to the combined partnership, and have added information to the declaration materials to supplement that discussion.
Marathon Petroleum Corporation, together with its auxiliaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Pipeline Transportation.
Finally, Vulcan Materials Company (NYSE:VMC), ended its last trade with -2.29% loss, and closed at $89.79.
Vulcan Materials Company will host its second quarter earnings conference call on Tuesday, August 4 at 11:00 a.m. Eastern Time (10:00 a.m. Central Time). Financial results for the quarter ended June 30, 2015 will be released before the NYSE market opens on August 4.
Vulcan Materials Company produces and sells construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt Mix, Concrete, and Calcium. The Aggregates segment offers crushed stone, sand and gravel, sand, and other aggregates, in addition to related products and services.
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