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Friday 25 September 2015
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Friday’s Trade News Analysis on: Target (NYSE:TGT), Pfizer(NYSE:PFE), Devon Energy (NYSE:DVN), Kroger (NYSE:KR)

On Friday, Target Corporation (NYSE:TGT)’s shares declined -1.77% to $76.61.

The board of directors of Target Corporation (TGT) has declared a quarterly dividend of 56 cents per common share. The dividend is payable December 10, 2015 to shareholders of record at the close of business November 18, 2015. The 4th quarter dividend will be the company’s 193rd successive dividend paid since October 1967 when the company became publicly held.

Target Corporation operates as a general merchandise retailer in the United States and Canada. It offers household essentials, counting pharmacy, beauty, personal care, baby care, cleaning, and paper products; music, movies, books, computer software, sporting goods, and toys; electronics, such as video game hardware and software; and apparel for women, men, boys, girls, toddlers, infants, and newborns, in addition to intimate apparel, jewelry, accessories, and shoes.

Pfizer Inc. (NYSE:PFE)’s shares dropped -1.73% to $32.90.

Pfizer Inc. invites investors and the general public to view and listen to a webcast of a conference call with investment analysts at 10 a.m. EDT on Tuesday, October 27, 2015.

The purpose of the call is to provide an update on Pfizer’s results, as reflected in the company’s Third Quarter 2015 Performance Report, to be issued that morning.

Pfizer Inc., a biopharmaceutical company, discovers, develops, manufactures, and sells healthcare products worldwide. The company operates through Global Innovative Pharmaceutical (GIP); Global Vaccines, Oncology and Consumer Healthcare (VOC); and Global Established Pharmaceutical (GEP) segments.

At the end of Friday’s trade, Devon Energy Corp (NYSE:DVN)‘s shares dipped -2.52% to $39.78.

Devon Energy Corp. (DVN) declared that its board of directors declared a quarterly cash dividend on Devon’s common stock for the fourth quarter of 2015. The dividend is payable on Dec. 31, 2015, at a rate of $0.24 per share based on a record date of Dec. 15, 2015.

Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs) in the United States and Canada. It holds interests in various properties located in Anadarko Basin, Barnett Shale, Eagle Ford, Mississippian-Woodford Trend, Permian Basin, and Rockies in the United States, in addition to in the Jackfish and Pike heavy oil projects located in Alberta, Canada.

Kroger Co (NYSE:KR), ended its Friday’s trading session with -2.05% loss, and closed at $36.73.

The Kroger Co.’s (KR) Board of Directors declared a quarterly dividend of 10.5¢ per share to be paid on December 1, 2015, to shareholders of record as of the close of business on November 13, 2015.

In June, Kroger’s Board raised the quarterly dividend by about 13.5 percent. Kroger has delivered double-digit compound growth in its dividend since it was reinstated in 2006. The company continues to expect an increasing dividend over time.

Kroger, one of the world’s largest retailers, employs nearly 400,000 associates who serve customers in 2,623 supermarkets and multi-department stores in 34 states and the District of Columbia under two dozen local banner names counting Kroger, City Market, Dillons, Food 4 Less, Fred Meyer, Fry’s, Harris Teeter, Jay C, King Soopers, QFC, Ralphs and Smith’s. The company also operates 781 convenience stores, 327 fine jewelry stores, 1,350 supermarket fuel centers and 37 food processing plants in the U.S. Recognized by Forbes as the most generous company in America, Kroger supports hunger relief, breast cancer awareness, the military and their families, and more than 30,000 schools and community organizations. Kroger contributes food and funds equal to 200 million meals a year through more than 100 Feeding America food bank partners. A leader in supplier diversity, Kroger is a proud member of the Billion Dollar Roundtable and the U.S. Hispanic Chamber’s Million Dollar Club.

The Kroger Co., together with its auxiliaries, operates as a retailer in the United States and internationally. It also manufactures and processes food for sale in its supermarkets. The company operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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