On Friday, Shares of Paychex, Inc. (NASDAQ:PAYX), dropped -0.58% to $49.23.
Paychex, declared that it will host an Investor Day on Wednesday, July 15, 2015 at the company’s University Park campus in Rochester, New York. Paychex, a leading provider of payroll, human resource, insurance, and benefits outsourcing solutions for small-to medium-sized businesses, has activated a registration site on the investor relations section of its website, www.paychex.com, where additional information about the event is accessible.
Paychex, Inc. provides payroll, human resource, insurance, and benefits outsourcing solutions for small to medium-sized businesses in the United States and Germany. The company offers payroll processing services that comprise the calculation, preparation, and delivery of employee payroll checks; production of internal accounting records and administration reports; preparation of federal, state, and local payroll tax returns; and collection and remittance of clients payroll obligations.
Shares of Cenovus Energy Inc. (NYSE:CVE), declined -0.57% to $19.16, during its last trading session.
Cenovus Energy, will release its first quarter 2015 results on Wednesday, April 29, 2015. The news release will provide merged first quarter 2015 operating and financial information.
A conference call and webcast to talk about the results will be held for the investment community at 9 a.m. MT (11 a.m. ET). To take part, please dial 888-231-8191 (toll-free in North America) or 647-427-7450 about 10 minutes preceding to the conference call.
Cenovus Energy Inc., an integrated oil company, develops, produces, and markets crude oil, natural gas liquids (NGLs), and natural gas in Canada with refining operations in the United States.
At the end of Friday’s trade, Shares of Pepco Holdings, Inc. (NYSE:POM), dwindled -0.57% to $26.33.
Pepco Holdings, declared that its board of directors has declared a quarterly dividend of $0.27 per share on Pepco Holdings’ common stock that is payable on June 30, 2015, to shareholders of record on June 10, 2015, offered that the company’s projected merger with Exelon Corporation does not close on or preceding to the close of business on June 10, 2015. The board of directors also declared contingent pro-rata dividends in the event that the merger closes either (1) before the close of business on June 10, 2015 or (2) after the close of business on June 10, 2015 but before the record date for the company’s next anticipated quarterly dividend.
If the merger closes before the close of business on June 10, 2015, the second quarter dividend will be pro-rated, with shareholders receiving $0.002967 per share of common stock per day from, but not counting, Mar. 10, 2015 – the record date for the previous quarterly dividend – and ending the day right away preceding to the effective time of the merger. The pro-rata dividend, which is the daily equivalent of 27 cents per share of common stock for the full quarter (assuming 91 days in the quarter), will be paid 20 days after the closing date of the merger to shareholders of record right away preceding to the effective time of the merger. If the merger closes after the close of business on June 10, 2015 (but before the record date for the company’s next planned quarterly dividend), a pro-rata dividend – equal to $.002967 per share of common stock per day after June 10, 2015 through the day right away preceding to the effective time of the merger – will be paid 20 days after the closing date of the merger to shareholders of record right away preceding to the effective time of the merger. Payment of a pro-rata dividend ensures that Pepco Holdings’ common stockholders continue to receive dividends at the current rate until the closing of the merger.
Pepco Holdings, Inc., through its auxiliaries, engages in the transmission, distribution, and supply of electricity. The company also distributes and supplies natural gas. In addition, the company designs, constructs, and operates energy projects and distributed generation equipment, counting combined heat and power plants principally for federal, state, and local government customers.
Finally, Union Pacific Corporation (NYSE:UNP), ended its last trade with -0.56% loss, and closed at $107.51.
Union Pacific Corporation, stated 2015 first quarter net income of $1.2 billion, or $1.30 per diluted share, contrast to $1.1 billion, or $1.19 per diluted share, in the first quarter 2014.
First Quarter Summary
- Operating revenue of $5.6 billion was flat in the first quarter 2015 as compared to the first quarter 2014. First quarter business volumes, as measured by total revenue carloads, declined 2 percent contrast to 2014. Volume declines in coal, industrial products, intermodal and chemicals more than offset the growth in automotive and agricultural products. In addition:
- Quarterly freight revenue reduced 1 percent contrast to the first quarter 2014, as lower fuel surcharge revenue and the volume decline more than offset core pricing gains and positive business mix.
- Union Pacific’s 64.8 percent operating ratio was 2.3 points better than the first quarter 2014. The operating ratio benefited in the quarter about 3 points from lower fuel prices, counting the lag impact of fuel surcharge.
- The $1.95 per gallon average quarterly diesel fuel price in the first quarter 2015 was down 38 percent contrast to the first quarter 2014.
- Quarterly train speed, as stated to the Association of American Railroads, was 24.6 mph, about flat when contrast with the first quarter 2014.
- The Company repurchased almost 6.9 million shares in the first quarter 2015 at an aggregate cost of $807 million.
- Union Pacific has adjusted its 2015 capital program down $100 million to about $4.2 billion.
Union Pacific Corporation, through its partner, Union Pacific Railroad Company, operates railroads in the United States. The company offers freight transportation services for agricultural products, counting grains, commodities produced from grains, and food and beverage products; automotive products, such as finished vehicles and automotive parts.
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