On Friday, Marriott International Inc (NASDAQ:MAR)’s shares inclined 0.62% to $71.37.
Marriott International, Inc. (MAR) declared that its board of directors declared a quarterly cash dividend of 25 cents ($0.25) per share of common stock.
The dividend is payable on September 25, 2015 to shareholders of record on August 20, 2015.
Marriott International, Inc. operates, franchises, and licenses hotels and timeshare properties worldwide. It operates through three segments: North American Full-Service, North American Limited-Service, and International. The company also licenses the development, operation, marketing, sale, and administration of vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, The Ritz-Carlton Destination Club, and The Ritz-Carlton Residences brands to the Marriott Vacations Worldwide Corporation.
Progressive Corp (NYSE:PGR)’s shares gained 0.26% to $30.57.
A.M. Best has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of A (Excellent) of American Planned Insurance Corp (ASI) (St. Petersburg, FL) and its associates. The ratings have been removed from under review with positive implications and assigned a stable outlook. The ratings were placed under review following the declarement that The Progressive Corporation (Progressive) [NYSE:PGR] had agreed to acquire a controlling position in ARX Holding Corp., the parent company of ASI and its associates, for about $875 million in cash. (Please see related press release dated Dec. 18, 2014).
Following the close of the transaction in April 2015, Progressive’s interest in the company is about 69%, up from the 5% interest it had held since 2012. ASI continues to operate as a separate company under its current administration team and will benefit from its association with one of the leading personal automobile writers in the United States.
The Progressive Corporation, an insurance holding company, provides personal and commercial property-casualty insurance, and other specialty property-casualty insurance and related services primarily in the United States. The company’s property-casualty insurance products protect its customers against losses due to collision and physical damage to their motor vehicles, uninsured and underinsured bodily injury, and liability to others for personal injury or property damage arising out of the use of those vehicles. Its Personal Lines segment writes insurance for personal autos and recreational and other vehicles. Its products comprise personal auto insurance; and special lines products, counting motorcycles, ATVs, RVs, mobile homes, watercraft, and snowmobiles.
At the end of Friday’s trade, Ritchie Bros. Auctioneers (USA) (NYSE:RBA)‘s shares surged 6.89% to $27.77.
Ritchie Bros. Auctioneers Incorporated (RBA) reports results for the three months ended June 30, 2015. During the quarter, the Company generated $155.5 million of revenue, a 10% enhance contrast to revenue of $141.8 million in the second quarter last year, and net earnings1 of $46.4 million, an enhance of 20% contrast to net earnings of $38.6 million in the second quarter last year. Diluted earnings per share1 (“EPS”) were $0.43, a 21% enhance contrast to $0.36 in the same quarter last year.
During the first half of 2015, for the six months ended June 30, 2015, the Company generated $271.1 million in revenue, a 13% enhance contrast to $240.4 million during the first six months of 2014. Net earnings were $70.0 million during the first half of 2015, a 32% enhance contrast to $52.9 million in the first half of 2014. Diluted EPS for the first half of 2015 was $0.65, a 33% enhance contrast to the same period last year.
Ritchie Bros. Auctioneers Incorporated, together with its auxiliaries, sells industrial equipment and other assets for the construction, agricultural, transportation, energy, mining, forestry, material handling, marine, and real estate industries through its unreserved auctions and online marketplaces. The company operates through two segments, Core Auction and EquipmentOne.
Xcel Energy Inc (NYSE:XEL), ended its Friday’s trading session with 1.21% gain, and closed at $35.25.
Xcel Energy Inc. (XEL) stated 2015 second quarter GAAP and ongoing earnings of $197 million, or $0.39 per share, contrast with $195 million, or $0.39 per share, in the same period in 2014.
Second quarter electric margin raised due to new rates and riders in various jurisdictions and a lower PSCo earnings test refund that was partially offset by weather-normalized sales decline and unfavorable weather, having an impact of $0.02. The enhance in margin was offset by higher depreciation, lower allowance for funds used during construction, higher property taxes, operating and maintenance expenses and interest charges.
Xcel Energy Inc., through its auxiliaries, engages primarily in the generation, purchase, transmission, distribution, and sale of electricity in the United States. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity using coal, nuclear, natural gas, hydro, solar, biomass, oil and refuse, and wind energy sources.
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