On Friday, Shares of Goldcorp Inc. (USA) (NYSE:GG), gained 0.15% to $13.35.
Goldcorp Inc., declared its ninth monthly dividend payment for 2015 of $0.02 per share. Shareholders of record at the close of business on Thursday, September 17, 2015 will be entitled to receive payment of this dividend on Friday, September 25, 2015.
Goldcorp has paid a monthly dividend to its shareholders since 2003. Canadian resident individuals who receive dividends from Goldcorp after 2005 are entitled to an improved gross-up and dividend tax credit on such dividends.
Following tax legislation enacted in 2007, Canadian resident individuals who receive “eligible dividends” in 2006 and subsequent years will be entitled to an improved gross-up and dividend tax credit on such dividends. All dividends paid in 2006 and subsequent years by Goldcorp Inc. are “eligible dividends” for this purpose.
Goldcorp Inc. engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America.
Shares of Tronox Ltd (NYSE:TROX), declined -4.69% to $6.91, during its last trading session.
Tronox Limited, reaffirmed its commitment to reducing leverage and ongoing its current dividend payment. This reaffirmation comes in response to the rating change declared earlier recently by Standard & Poor’s. Citing continued softness in TiO2 pigment pricing, Standard & Poor’s lowered the company’s debt rating by one notch. The company believes the impact of this action will be to improvement its annual interest cost by about $3.7 million. Tronox believes there is no incremental risk to its debt or the company as a whole after this rating change than there was before it. Other than a 1% mandatory principal amortization payment on its Term Loan each year, the company has no principal maturities until 2020 and no maintenance covenants in its Term Loan or Indentures. Tronox also has a strong liquidity position with $405 million of Revolver capacity available and no noteworthy cash depletion or default risk.
Tronox was fully aware of the pricing trends in TiO2 pigment when it reiterated its commitment to a program that will allow the company to meet its’ operating and capital needs, while also reducing its leverage and ongoing to pay current dividends. Tronox remains confident that its plan to fulfill its debt service obligations and dividend payments, while achieving free cash flow positive status in 2016, remains on track and believes there is no risk associated with the full satisfaction of its obligations under any of its debt facilities.
Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. It primarily operates in two segments, Mineral Sands and Pigment.
Finally, KBR, Inc. (NYSE:KBR), ended its last trade with -1.92% loss, and closed at $16.86.
KBR, declared that Brian Ferraioli, Executive Vice President and CFO, will present at D.A. Davidson’s 14th Annual Engineering & Construction conference on Thursday, September 10, 2015 at 11:00 a.m. Pacific Time (1:00 p.m. Central Time).
KBR, Inc. operates as an engineering, construction, and services company worldwide. The company operates through three segments: Technology & Consulting, Engineering & Construction, and Government Services.
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