On Thursday, Shares of Occidental Petroleum Corporation (NYSE:OXY), gained 3.03% to $74.07. The stock attained the volume of 6.14 million shares.
Occidental Petroleum Corporation (OXY) said that its Board of Directors has declared a regular quarterly dividend of $.75 per share on common stock payable on January 15, 2016, to stockholders of record as of December 10, 2015.
Occidental has paid quarterly dividends continuously since 1975 and has raised its dividend each year since 2002. The current annual rate is $3.00 per share.
Occidental Petroleum Corporation engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing and Other.
At the end of Thursday’s trade, Shares of Willis Group Holdings PLC (NYSE:WSH), inclined 0.09% to $42.24.
It traded in a range of $41.75 and $42.44, exchanging hands with 1.02 million shares.
Driehaus Capital Administration, a Chicago-based investment adviser of funds that own 1,000,113 shares of Towers Watson & Company (TW), released an open letter to its fellow TW shareholders addressing four questions regarding TW’s projected transaction with Willis Holdings Group plc (WSH). The full letter is accessible on its website.
Driehaus Capital Administration believes the transaction projected by Willis Group Holdings will destroy value for Towers Watson & Company’s shareholders. For a comprehensive review of the transaction, we urge shareholders to read our September 14, 2015 letter to shareholders and the analysis offered in our white paper.
Willis Group Holdings Public Limited Company provides insurance brokerage, reinsurance, and risk administration consulting services worldwide. It provides services to aerospace clients, counting aircraft manufacturers, air cargo handlers and shippers, airport managers, and other general aviation companies; and advisory services, such as claims recovery, contract and leasing risk administration, safety services, and market information.
Finally, Shares of Hancock Holding Company (NASDAQ:HBHC), ended its last trade with 0.25% gain, and closed at $28.05.
Hancock Holding Company (HBHC) declared that the bank has signed a purchase agreement to acquire about $190 million in outstanding healthcare loans from United Community Banks, Inc., (UCB) and to assume the current lease of a loan production office (LPO) in Nashville, Tennessee. In addition, a well-practiced team of four healthcare bankers, from UCB, joined Hancock Bank to expand this line of business.
“We are ongoing our efforts to further diversify our lending portfolio with the addition of this healthcare team and book of loans,” said President and CEO John M. Hairston. “Operating in markets such as Houston with its well-known medical sector, and New Orleans with its brand new medical district, we see this acquisition of bankers and loans as a planned fit for our markets. The new LPO in Nashville, known as the healthcare capital of the country, will allow us to better offer our financial products and services to an industry that is growing across our footprint. With over $21 billion in assets, and corporate banking product sophistication, this should also benefit the clients who are joining us via this transaction and enable this talented team of healthcare bankers to capitalize on additional opportunities accessible across our footprint.”
Hancock and Whitney banks presently serve clients in healthcare markets across the Gulf South such as Houston, Texas; Baton Rouge, Louisiana; New Orleans; South Mississippi; Mobile, Alabama; and Pensacola, Tallahassee, Jacksonville and Tampa, Florida. The attained loans will be comprised of in the company’s fourth quarter 2015 financial results. As of June 30, 2015 Hancock had $830 million in outstanding healthcare loans.
Hancock Holding Company operates as the bank holding company for Whitney Bank that provides a range of community banking services to commercial, small business, and retail customers.
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