On Thursday, Equity Residential (NYSE:EQR)’s shares inclined 0.26% to $69.52.
Equity Residential (EQR) declared that its Board of Trustees declared dividends on the company’s common and preferred shares. A common share dividend for the third quarter of $0.5525 per share will be paid on October 9, 2015 to shareholders of record on September 21, 2015.
A quarterly dividend of $1.03625 per share will be paid on September 30, 2015 to shareholders of record on September 18, 2015 of the company’s Series K Preferred Shares.
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. The company qualifies as a REIT for federal income tax purposes. As a REIT, it would not be subject to federal income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. Equity Residential was founded in 1966 and is headquartered in Chicago, Illinois.
Kansas City Southern (NYSE:KSU)’s shares gained 1.45% to $93.13.
Kansas City Southern (KCS) (KSU) Vice President Investor Relations, William Galligan, will address the Morgan Stanley Laguna Conference at 7:35 a.m. pacific daylight time on Thursday, September 17, 2015.
Kansas City Southern, through its auxiliaries, engages in the freight rail transportation business. It operates north/south rail route between Kansas City, Missouri, and various ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi, and Texas in the midwest and southeast regions of the United States. The company also operates direct rail passageway between Mexico City and Laredo, Texas serving various Mexico’s industrial cities and three of its seaports; a 157-mile rail line extending from Laredo, Texas to the port city of Corpus Christi, Texas; and The Kansas City Southern Railway Company rail line between Meridian, Mississippi and Shreveport, Louisiana, in addition to owns the northern half of the rail bridge at Laredo, Texas. Its coordinated rail network comprises about 6,500 route miles extending from the midwest and southeast portions of the United States south into Mexico and connects with other Class I railroads.
At the end of Thursday’s trade, SEI Investments Company (NASDAQ:SEIC)‘s shares surged 0.71% to $50.84.
SEI (NASDAQ: SEIC) declared the conversion of two new clients to the SEI Wealth Platform (the Platform). The company’s next generation wealth administration technology solution now supports nine private bank and trust clients across the United States and has another three in various stages of implementation. Pennsylvania Trust Company and First Interstate Wealth Administration are the most recent additions to the growing roster of clients utilizing the Platform. The Platform is an integrated solution designed to support client relationship administration counting front-, middle-, and back-office fiduciary investment and account administration processing services.
SEI Investments Co. is a publicly owned investment manager. The firm provides wealth administration and investment advisory services to its clients through its auxiliaries. Through its auxiliaries, it provides its services to corporations, financial institutions, financial advisors, high net worth families, banks and trust institutions, investment advisors, financial planners, not-for-profit organizations, and pension plans. The firm manages separate client-focused portfolios through its auxiliaries.
Embraer SA (ADR) (NYSE:ERJ), ended its Thursday’s trading session with 0.77% gain, and closed at $24.78.
Embraer Executive Jets recently declared that its new Legacy 450 business jet received type certification from the U.S. Federal Aviation Administration (FAA). The approval comes a few weeks after the aircraft earned certification from Brazil’s civil aeronautics authority (ANAC).
“The FAA certification highlights our commitment to delivering innovative products that go beyond customer expectations. With its unique features, the Legacy 450 offers outstanding technology and performance, together with unsurpassed comfort and style,” said Marco Tulio Pellegrini, President & CEO of Embraer Executive Jets. “The Legacy 450 is the first mid-light jet with full fly-by-wire technology and side-stick flight controls, which makes it easier to fly. The digital controls produce a smoother flight, improve performance, and reduce pilot workload.”
The Legacy 450 comfortably seats up to nine passengers and is the only mid-light jet featuring a 6-foot-tall cabin and a flat floor. Its cross section – 6 feet 10 inches – is the largest in class, five inches wider than its nearest competitor. The first Legacy 450 delivery is planned for the fourth quarter of 2015.
Embraer S.A. designs, develops, manufactures, and sells aircraft and systems; and provides technical support and after-sales service in Brazil, North America, Latin America, the Asia Pacific, Europe, and internationally. It operates through Commercial Aviation, Executive Jets, Defense & Security, and Other Related Businesses segments. The Commercial Aviation segment engages in the development, production, and sale of commercial jets; and rendering of support services, primarily in the regional aviation segment, in addition to operating leasing of aircraft. Its products comprise ERJ 145 family, EMBRAER 170/190 family, and E-Jets E2 family of commercial aircrafts.
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