During Monday’s Current trade, Shares of Equity Residential (NYSE:EQR), lost -2.07% to $71.36.
Equity Residential (EQR) uncovered that its Board of Trustees declared dividends on the company’s common and preferred shares. A common share dividend for the third quarter of $0.5525 per share will be paid on October 9, 2015 to shareholders of record on September 21, 2015
A quarterly dividend of $1.03625 per share will be paid on September 30, 2015 to shareholders of record on September 18, 2015 of the company’s Series K Preferred Shares.
Equity Residential, a real estate investment trust (REIT), engages in the acquisition, development, and administration of multifamily properties in the United States. As of December 31, 2007, it owned and invested in 579 properties in 24 states and the District of Columbia comprising of 152,821 units.
Shares of Entergy Corporation (NYSE:ETR), declined -0.46% to $64.29, during its current trading session.
Entergy Corporation (ETR) Chairman and Chief Executive Officer Leo Denault will provide a presentation as part of a panel talk aboution on Tuesday, Sept. 29, 2015, during the Wolfe Research Power & Gas Leaders Conference. The presentation is predictable to start at about 1:30 p.m. ET. A live webcast will be accessible on the Investor Relations section of Entergy’s corporate website at www.entergy.com. A replay of the webcast will be accessible and archived on the website for about 90 days. Presentation slides will be posted on the Investor Relations section of Entergy’s corporate website at www.entergy.com before market open on Tuesday, Sept. 29. The webcast and presentation slides will also be accessible on the Entergy Investor Relations mobile web app at iretr.com.
Entergy Corporation, together with its auxiliaries, engages in the electric power production and retail electric distribution operations in the United States. It operates in two segments, Utility and Entergy Wholesale Commodities.
Sempra Energy (NYSE:SRE), during its Monday’s current trading session decreased -0.52% to $93.45.
San Diego Gas & Electric (SDG&E) asked the California Public Utilities Commission (CPUC) for approval to recover in rates the remaining costs to settle the 2,500 lawsuits related to the 2007 wildfires. SDG&E initially faced $4 billion in claims arising from the fires, but the company made a decision to settle as many cases as possible to reduce the overall customer cost impact. Settlement costs amounted to $2.4 billion, the majority of which was covered by SDG&E’s liability insurance and recoveries from third parties. SDG&E proposes its shareholders pay 10 percent or $42 million. If approved, the utility proposes to spread out the remaining $379 million over six years, which would result in a monthly bill impact of less than $1.70 for a typical residential customer using 500 kilowatt-hours of electricity per month.
Since 2007, SDG&E has taken noteworthy steps to enhance operational and system safety and improve overall situational awareness to reduce the potential for utility facilities to be an ignition source. A key step was the installation of more than 170 weather stations throughout its service territory—the largest and most concentrated weather network of any utility in the nation. Every circuit that serves the high-risk “fire threat zone” in the back country has at least one weather station that provides wind speed, direction, temperature and humidity every 10 minutes—critical information needed to evaluate the possible impact of weather on system operations. All of this data is accessible to the National Weather Service, fire agencies and the general public.
Sempra Energy operates as an energy services holding company worldwide. The company’s San Diego Gas & Electric Company segment transmits and distributes electricity and/or natural gas. As of February 23, 2015, this segment offered energy service about to 3.4 million consumers through 1.4 million electric meters and 878,000 natural gas meters in San Diego and southern Orange counties.
Finally, Royal Bank of Canada (NYSE:RY), decreased -1.28%, to $53.34.
Royal Bank of Canada (RY on TSX) declared a domestic public offering of Non-Cumulative, Preferred Shares Series BJ.
Royal Bank of Canada will issue 6 million Preferred Shares Series BJ priced at $25 per share to raise gross proceeds of $150 million . The bank has granted the Underwriters an option, exercisable in whole or in part, to purchase up to an additional 2 million Preferred Shares Series BJ at the same offering price.
The Preferred Shares Series BJ will yield 5.25 per cent annually, payable quarterly, as and when declared by the Board of Directors of Royal Bank of Canada .
Subject to regulatory approval, on or after February 24, 2021 , the bank may redeem the Preferred Shares Series BJ in whole or in part at a declining premium.
The offering will be underwritten by a syndicate led by RBC Capital Markets. The predictable closing date is October 2, 2015 .
Royal Bank of Canada, together with its auxiliaries, operates as a diversified financial service company worldwide. The company operates through five segments: Personal & Commercial Banking, Wealth Administration, Insurance, Investor & Treasury Services, and Capital Markets.
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