On Thursday, Shares of WPX Energy, Inc. (NYSE:WPX), lost - 0.12% to $8.59.
WPX Energy’s (WPX) board of directors has approved a quarterly dividend of $0.85938 per share to holders of the company’s 6.25 percent Series A Mandatory Convertible Preferred Stock.
The dividend is payable on Nov. 2, 2015, to holders of record of the company’s preferred stock at the close of business on Oct. 15, 2015.
WPX Energy, Inc., an independent natural gas and oil exploration and production company, engages in the exploitation and development of unconventional properties in the United States. The company focuses on exploiting natural gas reserves base and related natural gas liquids in the Piceance Basin of the Rocky Mountain region, in addition to developing and growing oil positions in the Williston Basin in North Dakota and the San Juan Basin in the southwestern United States.
Shares of J C Penney Company Inc (NYSE:JCP), inclined 0.80% to $9.51, during its last trading session.
J C. Penney Company, declared actions that will significantly reduce the benefit obligation of its qualified pension plan (“the Plan”) without requiring any cash contribution from the Company. JCPenney recently accomplished a lump-sum offer for select participants in the Plan, and it has also reached a contract with The Prudential Insurance Company of America (“Prudential”) to purchase a group annuity contract that will settle a substantial portion of JCPenney`s remaining retiree pension benefit obligations. After the closing of these transactions, which is anticipated later this year, the Plan is predictable to remain over-funded on both accounting and ERISA bases, and the Company anticipates that it will not be required to make cash contributions to the Plan for the foreseeable future.
Ed Record, chief financial officer said, “We are grateful for all the contributions our retirees have made to JCPenney. We are confident that Prudential, an expert in this field, will provide great service to our retirees receiving monthly payments.” Record continued, “These actions not only continue to provide excellent benefit security for our retirees, but also further the Company`s objective of de-risking the Plan while improving the Company`s long-term risk profile.”
J C. Penney Company, Inc., through its partner, J. C. Penney Corporation, Inc., sells merchandise through department stores in the United States. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings, in addition to provides various services, counting styling salon, optical, portrait photography, and custom decorating.
Finally, Horizon Pharma PLC (NASDAQ:HZNP), ended its last trade with -0.32% loss, and closed at $18.55.
Horizon Pharma plc, declared that its third quarter 2015 financial results will be released on Friday, November 6, 2015. Following the declaration, Horizon’s administration will host a live conference call and webcast at 8 a.m. Eastern Time to review the Company’s financial and operating results.
Horizon Pharma plc, a specialty biopharmaceutical company, engages in identifying, developing, acquiring or in-licensing, and commercializing medicines for the treatment of arthritis, pain, inflammatory, and/or orphan diseases in the United States and internationally.
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