On Tuesday, Kroger Co (NYSE:KR)’s shares declined -0.12% to $38.60.
The Kroger Co. (KR) declared that its Board of Directors approved a 13.5 percent enhance to the company’s quarterly dividend, a two-for-one split of its common shares, and a new $500 million share repurchase program.
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.
CMS Energy Corporation (NYSE:CMS)’s shares gained 0.42% to $35.73.
CMS Energy declared stated net income of $67 million, or $0.25 per share, for the second quarter of 2015 and $269 million, or $0.98 per share, for the first half of 2015. Adjusted (non-Generally Accepted Accounting Principles) earnings per share for the second quarter and first half were the same as stated amounts. Earnings per share in 2015 grew 3 cents contrast with 2014 on a weather-normalized basis.
CMS Energy reaffirmed its guidance for 2015 adjusted earnings of $1.86 to $1.89 per share. This is comprising with the company’s long-term plan of 5 percent to 7 percent annual adjusted earnings per share growth.
In the first half of 2015, CMS Energy continued to execute its business plan which emphasizes investments in its operations with a focus on safety, customer satisfaction, reliability and the environment.
John Russell, CMS Energy’s president and chief executive officer, said that CMS Energy’s principal partner, Consumers Energy, is investing to strengthen its natural gas and electric infrastructure to enhance customer service, and improve Michigan’s environment.
CMS Energy Corporation operates as an energy company primarily in Michigan, the United States. The company’s Electric Utility segment engages in the generation, purchase, distribution, and sale of electricity to residential, commercial, and various industrial customers in Michigan’s Lower Peninsula. It operates a network of coal, gas, hydroelectric, oil, and wind generation plants.
At the end of Tuesday’s trade, PPL Corp (NYSE:PPL)‘s shares dipped -0.45% to $33.43.
PPL Electric Utilities has added new features to its special website for contractors, electricians and inspectors, so they can spend more time on the job – and less time on the phone.
These customers can now use http://www.pplelectric.com/contractorservices to create and track work orders for service upgrades and for Fast Track projects — service work that non-PPL electricians perform, such as meter base replacements. The upgrade also allows electrical inspectors to submit inspection results online.
Contractors, electricians and builders can already use the site to create new and temporary service work orders, track their progress, and receive email status updates when and how it is convenient for them.
PPL Corporation, a utility company, delivers electricity and natural gas in the United States and the United Kingdom. It serves 321,000 natural gas and 397,000 electric customers in Louisville and 16 surrounding counties; and 543,000 customers in 77 Kentucky counties and 5 counties in Virginia.
Banro Corporation (USA) (NYSEMKT:BAA), ended its Tuesday’s trading session with -12.25% loss, and closed at $0.176.
Banro Corporation (BAA) declares that it has filed on SEDAR a National Instrument 43-101 technical report in respect of the Company’s Twangiza gold mine, which follows the Mineral Reserve update for Twangiza declared by the Company in its June 8, 2015 press release. This report, which was prepared by SRK Consulting (UK) Limited (“SRK”), is dated July 29, 2015 and entitled “NI 43-101 Technical Report, Mineral Resource and Reserve Update, December 31 2014, Twangiza Gold Mine, Democratic Republic of the Congo” (the “Technical Report”).
Highlights
- As formerly stated in Banro’s June 8, 2015 press release, as at December 31, 2014, Twangiza Proven and Probable Reserves raised 59% to 1.64 million ounces (“Moz”) of gold (22.38Mt @ 2.28g/t Au) with the inclusion of non-oxide materials in the reserve pit shell which are now considered to be economically treatable with the existing plant.
- Total gold production of 1,246,311 ounces over 14 years, with an average annual production of 108,733 ounces of gold over the first 5 years.
- Average total cash operating costs over the current life of mine of US$699/ounce, with total cost per ounce over the current life of mine of US$888/ounce.
- Post-tax net present value (“NPV”) of US$285 million based on a 5% discount rate and a gold price of US$1,200 per ounce.
Banro Corporation, together with its auxiliaries, engages in the exploration, development, and production of mineral properties. It primarily explores for gold. The company holds a 100% interest in 4 gold properties, counting Twangiza, Namoya, Lugushwa, and Kamituga comprising 13 exploitation permits that cover an area of about 2,612 square kilometers in the South Kivu and Maniema provinces of the Democratic Republic of the Congo.
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