During Tuesday’s trade, Shares of Cisco Systems, Inc. (NASDAQ:CSCO), gained 0.81% to $27.48.
Cisco Systems, declared a quarterly dividend, which will be paid on Wednesday, January 20th. Investors of record on Wednesday, January 6th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, January 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.08%.
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking products and services related to the communications and information technology industry worldwide. It provides switching products, counting fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.
Shares of Tenet Healthcare Corp. (NYSE:THC), inclined 2.94% to $34.17, during its current trading session.
Tenet Healthcare Corporation, and WellStar Health System have reached a definitive agreement for the sale and administration of Tenet’s five Atlanta-area hospitals. The transaction is subject to customary regulatory approvals and other closing conditions and is predictable to be accomplished as early as the first quarter of 2016.
“We are happy that our hospitals will join a leading regional healthcare network like WellStar,” said Keith Pitts, vice chairman of Tenet. “This agreement will better position these facilities for long-term success, benefiting all stakeholders.”
The hospitals comprised in the sale are Atlanta Medical Center and its South Campus, North Fulton Hospital, Spalding Regional Hospital and Sylvan Grove Hospital, in addition to 26 physician clinics.
Tenet Healthcare Corporation, a healthcare services company, primarily operates acute care hospitals and related healthcare facilities in the United States. It operates through two segments, Hospital Operations and Other, and Conifer. The company’s general hospitals offer acute care services, operating and recovery rooms, radiology services, respiratory therapy services, clinical laboratories, and pharmacies.
Finally, Hormel Foods Corporation (NYSE:HRL), gained 1.67%, and is now trading at $76.17.
Hormel Foods Corporation declared its Board of Directors has authorized a two-for-one split of the company’s common stock. This would be the 10th stock split in the company’s history.
“For the second time in the last five years, we are excited to declare a projected two-for-one stock split,” said Jeffrey M. Ettinger, chairman of the board and chief executive officer at Hormel Foods. “This decision acknowledges our track record of providing our shareholders solid long-term returns and demonstrates our confidence that we will continue to grow our sales and earnings in the future. In addition, we anticipate this will also put our stock price in a more attractive trading range for a number of individual investors.”
Stockholder approval of the stock split is required during the company’s Annual Meeting being held Tuesday, Jan. 26, 2016. Under the proposal, the number of authorized shares of voting common stock would improvement from 800 million to 1.6 billion.
Hormel Foods Corporation produces and markets various meat and food products worldwide. The company operates in five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other.
