On Wednesday, in the course of current trade, Shares of Williams Companies Inc (NYSE:WMB), dropped -0.89%, and is now trading at $57.51.
Williams, declared that Sarah Miller has been named general counsel of the company, effective June 20, 2015. Williams’ board of directors has confirmed Miller’s role. She will report directly to Williams President and Chief Executive Officer Alan Armstrong.
Miller will lead Williams’ legal team, succeeding Craig Rainey who has stepped down. Miller, who formerly served as vice president, corporate secretary and assistant general counsel for the company’s corporate secretary team, was designated to the interim general counsel position in March 2015.
The Williams Companies, Inc. operates as an energy infrastructure company primarily in the United States. The company operates in three segments: Williams Partners, Access Midstream, and Williams NGL & Petchem Services.
During an Afternoon trade, Shares of Orchid Island Capital Inc (NYSE:ORC), dipped -1.36%, and is now trading at $8.72.
Orchid Island Capital, declared that the Board of Directors declared a monthly cash dividend for the month of July 2015. The dividend of $0.14 per share will be paid July 31, 2015, to holders of record on July 27, 2015, with an ex-dividend date of July 23, 2015.
Commenting on the dividend adjustment, Robert E. Cauley, Chairman and Chief Executive Officer, said, “The Company recently declared a reduction in its monthly dividend rate from $0.18 to $0.14 per share. The reduction was the result of elevated prepayment speeds on mortgages underlying our portfolio. The Company’s portfolio is weighted towards premium coupon pass-through, interest only and inverse interest only RMBS, which are highly sensitive to prepayment rates. The $0.14 monthly dividend brings our pay-out rate more closely in line with the premium amortization that we are presently experiencing in the portfolio.”
Orchid Island Capital, Inc., a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company’s RMBS are backed primarily by single-family residential mortgage loans, referred as Agency RMBS.
Finally, Equity Residential (NYSE:EQR), lost -0.08% Wednesday, hitting its highest level.
Equity Residential, declared that the company will release its second quarter 2015 operating results on Tuesday, July 28, 2015 after the close of market and host a conference call to talk about those results on Wednesday, July 29, 2015 at 10:00 am Central.
Equity Residential, a real estate investment trust (REIT), engages in the acquisition, development, and administration of multifamily properties in the United States. As of December 31, 2007, it owned and invested in 579 properties in 24 states and the District of Columbia comprising of 152,821 units.
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