During Friday’s Morning trade, Shares of Walt Disney Co (NYSE:DIS), gained 1.03% to $113.04.
The Walt Disney Company, declared a cash dividend of $0.71 per share for the second half of fiscal 2015, payable January 11, 2016 to shareholders of record at the close of business on December 14, 2015.
Disney began paying dividends on a semi-annual basis this past July with a dividend of 66 cents a share, and combined with recently’s declaration, the total fiscal 2015 dividend payment raised 19% on an annualized basis from fiscal 2014 to $1.37 per share. Going forward, we plan to review the dividend payment annually following the end of the fiscal year, and plan to continue paying dividends on a semi-annual basis.
“Thanks to our unparalleled portfolio of global brands and franchises and our unique ability to leverage creative success to drive value across the entire company, Fiscal 2015 marked Disney’s fifth straight year of record performance, and we are happy to raise our dividend by 19% on an annualized basis,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company.
Shares of PPL Corp (NYSE:PPL), inclined 1.21% to $33.41, during its current trading session.
Paringa Resources Limited, declared the results of a Bankable Feasibility Study (“BFS”) on the Buck Creek No.1 Mine (“Project”). The BFS confirms that the Buck Creek No.1 Mine will be a world class, low capex, high margin coal mine, and will generate EBITDA of over US$87 million (A$121million) per annum, even at current depressed coal prices.
Commenting on the completion of the BFS, Paringa’s President and CEO, Mr David Gay, said:
“The BFS has produced an excellent result and has confirmed the Buck Creek No.1 Mine to be a compelling world-class mining project, generating strong EBITDA margins of over 35% despite the current depressed coal market in general.
“The 17% reduction in Capex to only US$105 million has also resonated well with US funding providers, and with the Project’s average annual EBITDA of US$87 million (A$121 million) per annum, has resulted in a much shorter payback period of upfront funding.
Finally, Shares of Invesco Ltd. (NYSE:IVZ), gained 1.60%, and is now trading at $33.69.
The Board of Trustees (the “Board”) of the Invesco Senior Income Trust (the “Trust”), approved a change in the Trust’s investment policy regarding investments in warrants and equity securities to provide the Trust’s investment adviser, Invesco Advisers, Inc. (the “Adviser”), with more flexibility regarding the securities available for investment by the Trust.
Effective right away, the Trust may invest up to 20% of its total assets in any combination of (1) warrants and equity securities (2) junior debt securities or securities with a lien on collateral lower than a senior claim on collateral, (3) high quality short-term debt securities, (4) credit-linked deposits and (5) Treasury Inflation Protected Securities (“U.S. TIPS”) and other inflation-indexed bonds issued by the U.S. government, its agencies or instrumentalities.
The Adviser and the Board believe that by implementing this policy, the Adviser will be better able to manage the Trust’s portfolio in the best interests of shareholders and to meet the Trust’s investment objective. The Trust is not changing its investment objective, which is to provide a high level of current income, consistent with preservation of capital, or its fundamental policy to invest at least 80% of its total assets in senior loans.