On Wednesday, Memorial Resource Development Corp (NASDAQ:MRD)’s shares declined -0.75% to $19.97.
Memorial Resource Development Corp (MRD) declared that John A. Weinzierl, Chief Executive Officer, and Andrew J. Cozby, Senior Vice President and Chief Financial Officer, are planned to take part at Tudor, Pickering, Holt & Co. Hotter ‘N Hell Conference in Houston, Texas on Wednesday, June 17, 2015 through Thursday, June 18, 2015.
Memorial Resource Development Corp., an independent natural gas and oil company, focuses on the acquisition, exploitation, and development of natural gas, natural gas liquids, and oil properties primarily in North Louisiana. As of December 31, 2014, the company held leasehold interest in 210,854 net acres; and had estimated proved reserves of about 1,632 billion cubic feet of natural gas equivalent. The company was founded in 2011 and is based in Houston, Texas.
FedEx Corporation (NYSE:FDX)’s shares gained 1.13% to $182.41.
FedEx Corporation (FDX) declared a quarterly cash dividend of $0.25 per share on FedEx Corporation common stock. The dividend is payable July 2, 2015 to stockholders of record at the close of business on June 18, 2015.
FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company’s FedEx Express segment provides various shipping services for the delivery of packages and freight; international trade services specializing in customs brokerage, and ocean and air freight forwarding services; international trade advisory services, such as assistance with the customs-trade partnership against terrorism program; and customs clearance services, in addition to global trade data, an information tool that allows customers to track and manage imports.
At the end of Wednesday’s trade, Chimera Investment Corporation (NYSE:CIM)‘s shares surged 0.21% to $14.11.
Chimera Investment Corporation (CIM) deserves a place on your watchlist. But before jumping at the opportunity to lock in its double-digit dividend yield, there are five things Chimera’s executives want you to know.
Dividends will remain stable
Anyone familiar with Chimera knows its biggest appeal from an investor’s perspective is its double-digit dividend yield. Over the last 12 months, the company has paid out $1.92 per share. At recently’s share price that equates to a 12.8% yield, or roughly six times that of the S&P 500.
REITs are slashing their dividends left and right nowadays, so on the latest conference call, the executives at Chimera made a point of reassuring investors that it wouldn’t be following suit anytime soon — or, at least, not in 2015. According to president and CEO Matthew Lambiase:
On March 17, Chimera’s Board of Directors declared a one-for-five reverse stock split and declared $0.48 per share dividend, which was a 6.7% enhance over prior year period. They also give guidance that we will pay dividends of $0.48 per share for each quarter for the remainder of 2015.
Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its auxiliaries, invests in residential mortgage-backed securities (RMBS), residential mortgage loans, commercial mortgage loans, real estate-related securities, and various other asset classes. Its targeted asset classes comprise non-agency RMBS, such as investment-grade and non-investment grade classes; agency RMBS; interest-only RMBS; and first or second lien loans secured by multifamily properties, mixed residential or other commercial properties, retail properties, office properties, and industrial properties.
Canadian Natural Resource Ltd (USA) (NYSE:CNQ), ended its Wednesday’s trading session with 1.30% gain, and closed at $30.22.
Canadian Natural Resource Ltd (USA) (CNQ) declared that on June 3, 2015 it priced C$500 million principal amount of notes through the reopening of its 2.89% medium-term notes, series 2, due August 14, 2020 sold at a price of C$101.932 per $100 principal amount to yield 2.49% to maturity, which have been sold to investors in Canada.
Net proceeds from the sale of the notes will be used for general corporate purposes regarding the Company’s core regions of operations. The Company may also use the net proceeds for repayment of indebtedness.
CIBC World Markets Inc. and RBC Dominion Securities Inc. acted as joint lead agents and joint bookrunners for the offering. BMO Nesbitt Burns Inc., Scotia Capital Inc., Altacorp Capital Inc., Desjardins Securities Inc., and Merrill Lynch Canada Inc. acted as co-agents.
The sale of the notes was the second issuance under the Canadian base shelf prospectus dated November 1, 2013 that allows for the issuance of debt securities in an aggregate principal amount of up to C$3 billion.
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen, and synthetic crude oil (SCO). Its midstream assets comprise three crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.
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