On Wednesday, Realty Income Corp (NYSE:O)’s shares declined -1.18% to $49.35.
As Realty Income Corp, The Monthly Dividend Company®, declared that its Board of Directors has declared the 538th successive common stock monthly dividend. The dividend amount of $0.1895 per share, representing an annualized amount of $2.274 per share, is payable on May 15, 2015 to shareholders of record as of May 1, 2015.
The Board of Directors also declared dividends on the company’s Monthly Income Class F preferred stock. The monthly dividend amount of $0.138021 on the Class F preferred shares is payable on May 15, 2015 to shareholders of record as of May 1, 2015. The annualized dividend amount for the Class F preferred shares is $1.65625 per share.
Realty Income Corporation is a publicly traded real estate investment trust. It invests in the real estate markets of the United States. The firm makes investments in commercial real estate. Realty Income Corporation was founded in 1969 and is based in Escondido, California.
J VAALCO Energy, Inc (NYSE:EGY)’s shares dropped -1.18% to $2.52, during the last trading session on Wednesday.
As J VAALCO Energy, Inc. declared first production from Etame 12-H, a development well drilled from the Etame platform offshore Gabon. Etame 12-H was drilled to a measured depth of about 3,450 meters targeting the recently discovered, untapped lower lobe of the Gamba reservoir. Following completion operations, the well was brought online at the rate of about 2,000 BOPD on a gross basis (about 500 BOPD net to VAALCO) with no indication of hydrogen sulfide (H2S). The well is presently being temporarily constrained at the above production level while it is being optimized for efficiency. The Etame 12-H is an offset well to the Etame 10-H well which began producing in February 2015, at a rate of 3,000 BOPD, and was the first oil production from the recently commissioned Etame platform.
“The offshore Gabon drilling campaign that we began last year has so far resulted in raised production of about 5,000 gross barrels per day of sweet crude,” said Steve Guidry, CEO of VAALCO. “We are happy with the encouraging results from the Etame 12-H well, and are optimistic about the opportunities we have to expand production offshore Gabon as part of our ongoing development campaign.”
VAALCO Energy, Inc., an independent energy company, attains, explores for, develops, and produces crude oil and natural gas in the United States. The company owns producing properties and conducts exploration activities as an operator of consortiums internationally in Gabon and Angola, in addition to conducts exploration activities as a non-operator in Equatorial Guinea, West Africa. It also acts as the operator of unconventional resource properties in North Texas and a lease hold in Montana; and owns minor interests in conventional production activities as a non-operator.
At the end of Wednesday’s trade, Constellium NV (NYSE:CSTM)‘s shares dipped -1.17% to $18.57.
On April 10, Constellium NV (CSTM), unveiled its newly expanded plant in Van Buren, Michigan. This state-of-the-art facility produces customized automotive structures and features advanced prototyping and development capabilities. The 210,000 square foot expansion project has doubled plant manufacturing capacity for a total $40 million investment.
“Constellium is making extensive investments across the United States both in automotive structural parts and Body-in-White,” said Pierre Vareille, Chief Executive Officer of Constellium. “Through the newly expanded Van Buren plant we are now well-positioned to take full advantage of the growing automotive demand for aluminium structures in North America.”
“Van Buren is an ideal location,” commented Paul Warton, President of Constellium’s Automotive Structures and Industry business unit. “Its proximity to the automotive industry in Detroit enables us to work closely with our OEM customers and suppliers to ensure our products meet customized, precise specifications and performance expectations.” Constellium’s expansion in Van Buren has created over 200 new jobs, enabling the industrial facility to reach a total of 370 full-time employees.
Constellium N.V. is engaged in the design, manufacture, and sale of specialty rolled and extruded aluminum products. The company operates in three segments: Aerospace & Transportation, Packaging & Automotive Rolled Products, and Automotive Structures & Industry. The Aerospace & Transportation segment provides aluminum and specialty materials products, counting aerospace plates, general engineering and armor plates, and other extrusions and precision casting products, in addition to sheets for aerospace and transportation.
McDonald’s Corporation (NYSE:MCD), ended its Wednesday’s trading session with -1.17% loss, and closed at $96.44.
On April 01, McDonald’s Corporation declared improved benefits for employees at its company-owned restaurants, counting a wage raise and paid time-off for full and part-time crew employees. In addition, the company is expanding its Archways to Opportunities education offerings to provide eligible U.S. restaurant employees — at both company-owned and franchised restaurants — with free high school completion and college tuition assistance.
“We’ve been working on a comprehensive benefits package for our employees — the people who bring our brand to life for customers every day in our U.S. restaurants,” said McDonald’s President and CEO Steve Easterbrook. “We’ve listened to our employees and learned that — in addition to raise wages — paid personal leave and financial assistance for concluding their education would make a real difference in their careers and lives.”
On July 1, 2015, starting wages at McDonald’s company-owned restaurants in the U.S. will be one dollar over the locally-mandated minimum wage. The wages of all employees up to restaurant manager will be adjusted accordingly based on tenure and job performance. By the end of 2016, McDonald’s projects that the average hourly wage rate for McDonald’s employees at company-owned restaurants will be in excess of $10.
These two benefit enhancements apply to McDonald’s company-owned restaurants, which represent more than 90,000 employees and about 10 percent of McDonald’s restaurants nationwide. The more than 3,100 McDonald’s franchisees operate their individual businesses and make their own decisions on pay and benefits for their employees.
McDonald’s Corporation operates and franchises McDonald’s restaurants in the United States, Europe, the Asia/Pacific, the Middle East, Africa, Canada, and Latin America. The company’s restaurants offer various food products, soft drinks, coffee, and other beverages. As of December 31, 2014, it operated 36,258 restaurants, counting 29,544 franchised restaurants comprising 20,774 franchised to conventional franchisees, 5,228 licensed to developmental licensees, and 3,542 licensed to foreign associates; and 6,714 company-operated restaurants. The company was founded in 1940 and is based in Oak Brook, Illinois.
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