On Wednesday, General Mills, Inc. (NYSE:GIS)’s shares declined -0.87% to $56.95.
General Mills (GIS) said that the board of directors declared a quarterly dividend at the prevailing rate of 44 cents per share, payable August 3, 2015, to shareholders of record July 10, 2015. The General Mills quarterly dividend rate was most recently raised 7 percent effective with the May 1, 2015 payment. General Mills and its predecessor firm have paid dividends without interruption or reduction for 116 years.
General Mills, Inc. manufactures and markets branded consumer foods in the United States and internationally. It also supplies branded and unbranded food products to the foodservice and commercial baking industries. The company operates in three segments: U.S. Retail, International, and Convenience Stores and Foodservice. Its products comprise ready-to-eat cereals; convenient meals, counting meal kits, ethnic meals, pizza, frozen breakfast, and frozen entrees; snacks comprising grain, fruit, and savory snacks, in addition to nutrition bars and frozen hot snacks; refrigerated yogurt products; ice creams; baking mixes and ingredients; refrigerated and frozen dough products; and frozen and shelf-stable vegetable products. In addition, the company’s products comprise organic products, such as granola bars, cereals, and soups.
United Technologies Corporation (NYSE:UTX)’s shares dropped -1.26% to $108.71.
United Technologies Corp. (UTX) will issue its second quarter 2015 earnings press release on Tuesday, July 21, prior to the stock market opening. A conference call will take place at 8:30 a.m. ET.
United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; modernization products to upgrade elevators and escalators; and maintenance and repair services.
At the end of Wednesday’s trade, Gold Fields Limited (ADR) (NYSE:GFI)‘s shares dipped -2.85% to $3.07.
Gold Fields Limited (ADR) (GFI) said the U.S. Securities and Exchange Commission, which probed the producer’s sale of a stake in its South Deep mine under a South African program to expand black ownership, recommended no enforcement action be taken.
The SEC offered the notice under guidelines in a section of the Securities Act Release No. 5310, which states that the notice “must in no way be construed as indicating that the party has been exonerated or that no action may ultimately result from the staff’s investigation,” the Johannesburg-based company said in a statement Monday.
In August 2010, Gold Fields agreed to issue 600,000 shares to a black-owned group and allowed it to buy 10 percent of South Deep, the world’s largest gold deposit after Grasberg in Indonesia. Local law requires mining companies to sell or cede 26 percent of their operations to black citizens. The SEC investigated the transaction in the U.S., where investors trade Gold Fields via American depositary receipts.
Gold Fields Limited operates as a gold mining company. The company engages in the exploration, extraction, processing, and smelting of gold and copper properties. It holds interests in eight operating mines in South Africa, Ghana, Australia, and Peru. The company has total gold mineral reserves of about 48.1 million ounces and mineral resources of about 108.3 million ounces.
WPX Energy Inc (NYSE:WPX), ended its Wednesday’s trading session with -2.95% loss, and closed at $11.17.
WPX Energy (WPX) has accomplished the purchase of another 14,300 net acres in the San Juan Basin’s Gallup oil window from an unrevealed seller for about $26 million.
The acreage purchase represents an estimated 100 gross drilling locations, boosting WPX’s tally in the San Juan Gallup to about 500.
WPX now owns or controls about 100,000 acres in the core of the Gallup oil window where it has spud more than 100 wells following a successful discovery in early 2013.
Since then, WPX has lowered its drilling times on Gallup wells by 75 percent. The company recently drilled two Gallup wells in less than eight days each. During the second quarter, WPX is averaging 9.8 days per well so far.
WPX Energy, Inc., an independent natural gas and oil exploration and production company, engages in the exploitation and development of unconventional properties in the United States. The company focuses on exploiting natural gas reserves base and related natural gas liquids in the Piceance Basin of the Rocky Mountain region, in addition to developing and growing oil positions in the Williston Basin in North Dakota and the San Juan Basin in the southwestern United States.
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