On Friday, Shares of Realty Income Corp (NYSE:O), gained 1.13% to $44.94.
Realty Income, declared its Board of Directors has declared an enhance in the company’s common stock monthly cash dividend to $0.19 per share from $0.1895 per share. The dividend is payable on July 15, 2015 to shareholders of record as of July 1, 2015. This is the 81st dividend enhance since Realty Income’s listing on the NYSE in 1994. The new monthly dividend amount represents an annualized dividend amount of $2.28 per share as contrast to the previous annualized dividend amount of $2.274 per share.
The Board of Directors also declared a dividend on the company’s Monthly Income Class F preferred stock. The monthly dividend amount of $0.138021 on the Class F preferred shares is payable on July 15, 2015 to shareholders of record as of July 1, 2015. The annualized dividend amount for the Class F preferred shares is $1.65625 per share.
Realty Income Corporation is a publicly traded real estate investment trust. It invests in the real estate markets of the United States. The firm makes investments in commercial real estate. Realty Income Corporation was founded in 1969 and is based in Escondido, California.
Shares of Hess Corp. (NYSE:HES), inclined 0.82% to $68.59, during its last trading session.
Hess Corp., declared that it has agreed to sell a 50 percent interest in its Bakken midstream assets to Global Infrastructure Partners, a leading global infrastructure investor with an extensive midstream energy investment track record, for cash consideration of $2.675 billion. Hess and Global Infrastructure Partners will create a premier midstream joint venture – Hess Infrastructure Partners. Upon closing, the joint venture will incur $600 million of debt through a 5-year Term Loan A facility with proceeds distributed equally to both partners, resulting in total after-tax cash proceeds, net to Hess, of $3.0 billion. In addition the joint venture will have independent access to capital counting a $400 million 5-year Senior Revolving Credit Facility, which is fully committed. The joint venture upon closing plans to continue to pursue a projected initial public offering (IPO) of Hess Midstream Partners LP common units.
John Hess, Chief Executive Officer of Hess Corporation, said, “This transaction delivers noteworthy and immediate value to our shareholders. The joint venture with its plannedally located assets will be one of the largest midstream operators in the Bakken. By capitalizing on the financial strength and midstream energy experience of Global Infrastructure Partners, the joint venture will be in a strong position to fund future energy infrastructure investments and continue to grow its midstream business.”
Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas. The company primarily operates in the United States, Denmark, Equatorial Guinea, the Joint Development Area of Malaysia/Thailand, Malaysia, and Norway.
At the end of Friday’s trade, Shares of Thermo Fisher Scientific Inc. (NYSE:TMO), gained 0.52% to $132.21.
Thermo Fisher Scientific Inc., declared it has signed a definitive agreement to acquire Alfa Aesar, a leading global manufacturer of research chemicals and part of Johnson Matthey Plc, for £256 million (or about $405 million) in cash. Based in Heysham, U.K., Alfa Aesar has 480 employees and operates in key research hubs in the United States, Germany, China, South Korea and India. The business generated sales of about £78 million (or $125 million) in 2014.
“The acquisition of Alfa Aesar enhances our existing portfolio of chemicals, solvents and reagents to support virtually every laboratory application – from research, to drug discovery and development, to production,” said Marc N. Casper, president and chief executive officer of Thermo Fisher Scientific. “In addition, customers will benefit from greater access to these products through our extensive global commercial reach.”
Thermo Fisher Scientific Inc. provides analytical instruments, equipment, reagents and consumables, software, and services for research, manufacturing, analysis, discovery, and diagnostics worldwide.
Finally, Orbitz Worldwide, Inc. (NYSE:OWW), ended its last trade with -0.35% loss, and close at $11.45.
Orbitz Worldwide, declared that it launched “SNAP for Equality” a photo and video contest that celebrates the global progress of LGBT rights. Through August 31, consumers that tweet a photo or video demonstrating a celebration of equality, using the hashtag #OrbitzEqualityContest, will have a chance to win a first class trip to a marriage equality destination around the world.
For each photo or video posted on Twitter during the contest period, Orbitz will make a donation to the Human Rights Campaign (HRC) and The Trevor Project, two organizations that continue the fight for full equality and the advancement of LGBT rights.
Orbitz Worldwide, Inc. operates as an online travel company worldwide. It uses technology that enables leisure and business travelers to research, plan, and book a range of travel products and services, counting hotels, flights, vacation packages, car rentals, rail tickets, cruises, travel insurance, destination, services and event tickets.
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