On Monday, Shares of Peabody Energy Corporation (NYSE:BTU), lost -5.53% to $2.39, hitting its lowest level, as the stock continues Friday’s decline following a Bloomberg report stating the company is facing the possibility of paying more for insurance that covers environmental damages.
The Wyoming Department of Environmental Quality’s Land Quality Division is looking over financial data from 2014 from Peabody and fellow coal company Arch Coal (ACI) in order to determine if they still qualify for a “self-bonding” program, Bloomberg stated.
This program allows producers of coal to inexpensively insure their clean-up costs in case of a bankruptcy.
Miners that cannot meet specific financial benchmarks have to buy instruments counting corporate surety bonds and treasury bills, or the must hang onto enough cash to cover reclamation liabilities, Bloomberg said.
Peabody Energy Corporation offers mining of coal. The company operates through Western U.S. Mining, Midwestern U.S. Mining, Australian Mining, Trading and Brokerage, and Corporate and Other segments.
Shares of Pepsico, Inc. (NYSE:PEP), declined -1.17% to $92.64, during its last trading session.
PepsiCo, declared that its second quarter 2015 (ending June 13th) earnings conference call for investors and financial analysts will be webcast on Thursday, July 9, 2015 at 8 a.m. Eastern Daylight Time (EDT) at www.pepsico.com in the “Investors” section under “Events and Presentations.”
PepsiCo, Inc. operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay’s potato chips, Doritos tortilla chips, Cheetos cheese-flavored snacks, Tostitos tortilla chips, branded dips, Ruffles potato chips, Fritos corn chips, and Santitas tortilla chips.
Finally, Abbott Laboratories (NYSE:ABT), ended its last trade with -1.23% loss, and closed at $48.07.
Abbott Laboratories, declared a quarterly common dividend of 24 cents per share.
This marks the 366th successive quarterly dividend to be paid by Abbott since 1924. The cash dividend is payable Aug. 15, 2015, to shareholders of record at the close of business on July 15, 2015.
Abbott has raised its dividend payout for 43 successive years and is a member of the S&P 500 Dividend Aristocrats Index, which tracks companies that have annually raised their dividend for 25 successive years.
Abbott Laboratories manufactures and sells health care products worldwide. Its Established Pharmaceutical Products segment offers branded generic pharmaceuticals for the treatment of pancreatic exocrine insufficiency; irritable bowel syndrome; intrahepatic cholestasis or depressive symptoms; gynecological disorders.
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