On Monday, ACE Limited (NYSE:ACE)’s shares declined -0.5% to $102.24.
The Board of Directors of ACE Limited (ACE) recently declared a quarterly dividend equal to $0.67 per share, payable on October 21, 2015, to shareholders of record at the close of business on September 30, 2015. Dividend payments will be made in United States dollars by the company’s transfer agent. This will be the second installment as approved by the company’s shareholders on May 21, 2015.
ACE Limited, through its auxiliaries, provides a range of property and casualty insurance and reinsurance products worldwide. The company’s Insurance North American P&C segment offers casualty insurance, environmental, inland marine, professional risk, disaster protection, vacant land and building, and claims and risk administration services; homeowners, automobile, valuables, umbrella liability, and recreational marine insurance; and wholesale excess and surplus lines property, casualty, environmental, professional liability, inland marine, and product recall coverages.
Yelp Inc (NYSE:YELP)’s shares gained 1.42% to $24.27.
Yelp Inc. (YELP), the company that connects consumers with great local businesses, recently declared that Max Levchin has resigned as Chairman and Director to pursue other interests, effective right away.
The Board has not yet designated a new Chairman but plans to consider the issue at the next Board meeting in September.
Yelp Inc. operates a platform that connects people with local businesses in the United States. Its platform covers various local business categories, counting restaurants, shopping, beauty and fitness, arts, entertainment and events, home and local services, health, nightlife, travel and hotel, auto, and others categories. The company provides local advertising services, counting free and paid business listing services to businesses of various sizes, in addition to enable businesses to deliver targeted search advertising to large local audiences through its Website and mobile app. It also offers brand advertising services comprising advertising solutions for national brands in the food and restaurant, automobile, financial services, logistics, consumer goods, and health and fitness industries that want to improve their local presence in the form of display advertisements and brand sponsorships.
At the end of Monday’s trade, Xcel Energy Inc (NYSE:XEL)‘s shares dipped -0.68% to $33.73.
The Board of Directors of Xcel Energy Inc. (XEL) declared a quarterly dividend on its common stock of 32 cents per share. The dividends are payable October 20, 2015, to shareholders of record on September 17, 2015.
Xcel Energy Inc., through its auxiliaries, engages primarily in the generation, purchase, transmission, distribution, and sale of electricity in the United States. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity using coal, nuclear, natural gas, hydro, solar, biomass, oil and refuse, and wind energy sources.
RSP Permian Inc(NYSE:RSPP), ended its Monday’s trading session with 0.5% gain, and closed at $23.94.
RSP Permian, Inc. (RSPP) has closed its formerly declared bolt-on acquisitions in the Company’s existing core operating areas in the Midland Basin for an aggregate purchase price of about $274 million in cash, subject to certain post-closing adjustments. As formerly revealed, the acquisitions comprise 5,704 net surface acres, or 27,287 net effective horizontal acres, in the Midland Basin with 162 net horizontal drilling locations in five zones (Middle Spraberry, Lower Spraberry, Wolfcamp A, Wolfcamp B and Wolfcamp D (Cline)). The attained properties comprise over 85 million Boe of resource potential based on internal estimates, are 100% operated by RSP, are 100% held by production and have an average royalty burden of only 23%.
Substantially concurrent with the closing of the acquisitions, RSP closed an amendment with the lenders under its revolving credit facility that, among other things, enhances the borrowing base 20% to $600 million. The Company presently has no amounts drawn under its revolving credit facility and the next planned borrowing base redetermination is May 1, 2016.
RSP Permian, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas. It owns interest in contiguous acreage blocks in the core of the Midland Basin, a sub-basin of the Permian Basin, primarily in the adjacent counties of Midland, Martin, Andrews, Dawson, Ector, and Glasscock.
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