On Tuesday, Devon Energy Corp (NYSE:DVN)’s shares inclined 0.13% to $61.43.
Devon Energy Corp (DVN) declared that its board of directors declared a quarterly cash dividend on Devon’s common stock for the third quarter of 2015. The dividend is payable on Sept. 30, 2015, at a rate of $0.24 per share based on a record date of Sept. 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. As of December 31, 2014, the company had 689 MMBoe of proved undeveloped reserves. It operates about 19,000 wells.
Government Properties Income Trust (NYSE:GOV)’s shares gained 0.15% to $19.40.
Senior Housing Properties Trust (SNH), Hospitality Properties Trust (HPT), Select Income REIT (SIR) and Government Properties Income Trust (GOV) (each a “REIT” and, collectively, the “REITs”) recently declared that they have attained combined economic ownership of about half of Reit Administration & Research LLC (“RMR”). Each of the REITs is managed by RMR and, simultaneously with the REITs’ acquisition of ownership in RMR, the administration agreements with RMR were amended and extended for 20 year terms. The REITs’ ownership in RMR is held indirectly through a new holding company of RMR (“RMR INC”). Following the agreements entered for this transaction, the REITs have agreed to distribute about half of the RMR INC shares held by them to their shareholders as a special dividend, and RMR INC has agreed to facilitate this by filing a registration statement with the Securities and Exchange Commission (the “SEC”) to register the RMR INC shares to be distributed and by seeking a listing of those shares on a national stock exchange upon the registration statement being declared effective by the SEC.
In addition to the value of the RMR INC shares distributed to the REITs’ shareholders, the predictable benefits of these transactions to the REITs’ shareholders comprise:
- Further alignment of interests among RMR administration, the REITs and the REITs’ shareholders because the REITs and their shareholders own RMR INC shares.
- Further alignment of interests among RMR administration, the REITs and the REITs’ shareholders because the historical owners of RMR have become owners of a noteworthy number of restricted shares of each of the REITs and those shares are subject to 10 year lock up agreements.
- Providing greater transparency for the REITs’ shareholders into RMR administration, counting RMR’s financial and operating results.
- The REITs will continue to benefit from low general and administrative costs which RMR administration provides to each REIT.
Government Properties Income Trust is a real estate investment trust (REIT). The Company operates in two business segments: ownership of properties that are primarily leased to Government tenants and its equity method investment in Select Income REIT (SIR). The Company’s properties are located in Alabama, Arizona, California, Florida, Kentucky, Massachusetts, New Jersey, New York, Texas, Washington and Wyoming. The Company’s properties (64 buildings), with about 7.7 million rentable square feet, are primarily leased to the United States Government, 18 of those properties (24 buildings), with about 2.6 million rentable square feet primarily leased to 12 state governments, one of those properties (one building), with 187,060 Rentable square feet, is leased to the United Nations, an international intergovernmental organization, and three of those properties (three buildings), with 507,788 rentable square feet primarily leased to non-government tenants.
At the end of Tuesday’s trade, Vantiv Inc (NYSE:VNTV)‘s shares dipped -0.85% to $39.85.
Vantiv Inc (VNTV) a leading provider of payment processing services and related technology solutions for financial institutions and merchants of all sizes, declared recently the company`s latest payments reporting solution, Vantiv iQ, is now accessible for both merchant and financial institution customers.
Vantiv iQ is a comprehensive solution that provides users actionable insights for running businesses more efficiently. Users can view all their transaction data broken down by card type, gift transactions, chargebacks and more. Vantiv iQ delivers a customizable control interface to enable convenient and secure access to payment processing data. As an enterprise-class reporting tool, it is designed for businesses and financial institutions of all sizes to assist streamline workflows, handle large data sets and deliver reports that they need. Vantiv iQ is a complete solution for online self-service reporting.
Vantiv, Inc., through its partner, Vantiv Holding, LLC. provides payment processing services in the United States. It operates through two segments, Merchant Services and Financial Institution Services. The Merchant Services segment offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange administration to merchants, and regional and small-to-mid sized businesses. This segment also provides value-added services, such as omni-channel acceptance, prepaid services, and gift card solutions, in addition to security solutions, such as encryption and tokenization at the point of sale and for ecommerce transactions.
Crown Castle International Corp (NYSE:CCI), ended its Tuesday’s trading session with 0.19% gain, and closed at $82.82.
Crown Castle International Corp (CCI) declared that the quarterly dividend on its 4.50% Mandatory Convertible Preferred Stock (“Preferred Stock”) will be paid on August 3, 2015 to holders of record on July 15, 2015. The dividend will be paid in cash at a rate of $1.125 per share of Preferred Stock.
Crown Castle International Corp., together with its auxiliaries, owns, operates, and leases shared wireless infrastructure in the United States and Australia. The company provides towers and other structures, such as rooftops; and distributed antenna systems, a type of small cell network (small cells). It provides access, counting space or capacity to its towers, small cells, and third party land interests via long-term contracts in various forms, counting license, sublease, and lease agreements.
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