On Wednesday, Public Service Enterprise Group Inc. (NYSE:PEG)’s shares inclined 0.68% to $39.94.
Public Service Electric and Gas Company (PSE&G), New Jersey’s largest utility, recently declared a $905 million settlement in principle with the staff of the New Jersey Board of Public Utilities (BPU) and the New Jersey Division of Rate Counsel to expedite the replacement of aging gas pipes — supporting a safe, clean and reliable gas system well into the future. The agreement detailing this three-year program will be presented to the BPU for formal approval in the coming weeks.
In a filing with the BPU declared on March 2, PSE&G sought approval to invest $1.6 billion during five years to accelerate the replacement of 800 miles of cast iron and unprotected steel gas mains, and 55,000 unprotected steel service lines to homes and business. The settlement will enable the utility to replace up to 510 miles of gas mains and 38,000 service lines over the three-year period. This agreement culminates six months of formal discovery, review and talk about, counting public hearings before the BPU.
Public Service Enterprise Group Incorporated, through its auxiliaries, operates as an energy company primarily in the northeastern and Mid Atlantic United States. The company operates nuclear, coal, gas, oil-fired, and renewable generation facilities with a generation capacity of about 13,146 megawatts. It sells electricity, natural gas, emissions credits, and a series of energy-related products that are used to optimize the operation of the energy grid.
Invesco Ltd. (NYSE:IVZ)’s shares dropped -0.59% to $31.89.
Invesco Mortgage Capital Inc. (IVR) declared that its Board of Directors declared quarterly dividends on shares of its common stock and Series A and Series B preferred stock.
Common Stock Dividend
The Company’s Board of Directors recently declared a cash dividend of $0.40 per share of common stock for the third quarter of 2015. The dividend will be paid on October 27, 2015 to stockholders of record on September 28, 2015, with an ex-dividend date of September 24, 2015.
Series A Preferred Stock Dividend
The Board of Directors declared a quarterly cash dividend on its 7.75% Series A Preferred Stock of $0.4844 per share. The dividend will be paid on October 26, 2015 to stockholders of record on October 1, 2015.
Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds. It manages separate client focused equity, balanced, and fixed income portfolios.
At the end of Wednesday’s trade, Archer Daniels Midland Company (NYSE:ADM)‘s shares dipped -0.92% to $42.06.
Archer Daniels Midland Company (ADM) declared that it will open in October a new, state-of-the-art flavor creation, application and customer service facility in Cranbury, New Jersey. The 15,700-square-foot site will comprise lab, office and meeting space—counting dedicated lab space for mint and oral care products—and will house a staff of flavorists and applications technologists.
“Our customers expect a lot from working with the premier flavor company in the world, and this facility will assist us continue to meet—and exceed—their needs,” said Ken Campbell, president of ADM’s WILD Flavors business. “This new facility will be easy to reach for major customers, it will feature state-of-the-art equipment and resources—counting a customer innovation center—and it will be staffed with talented, dedicated flavorists and application technologists who are ready and eager to work side by side with customers to meet their needs. This facility will assist us continue to grow WILD Flavor’s sales and ensure that we remain the first and best choice among global flavor companies.”
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities and products. The company’s Oilseeds Processing segment originates, merchandises, crushes, and processes soybeans and soft seeds into vegetable oils and protein meals.
SVB Financial Group (NASDAQ:SIVB), ended its Wednesday’s trading session with 0.62% gain, and closed at $119.40.
Silicon Valley Bank and MasterCard are inviting startups from across the United States to apply for Commerce.Innovated., a program designed to assist companies that are working in payments, fintech and commerce grow their businesses. Commerce.Innovated. is a four month virtual program that provides startups with the resources to assist refine and scale their solutions through access to operational and industry expertise from Silicon Valley Bank, MasterCard and their respective netoperates.
“Commerce.Innovated. exemplifies MasterCard’s commitment to early-stage startups, and delivers for these companies unmatched expertise and support that Silicon Valley Bank and MasterCard are well positioned to provide. Through the program, we’re engaging and growing relationships with the best and brightest in the industry and assisting to develop cutting-edge solutions that assist build businesses, enhance consumer experiences and drive more commerce in the global economy,” said Stephane Wyper, Global Lead, Startup Engagement at MasterCard Labs.
SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. Its Global Commercial Bank segment offers deposit products, such as business and analysis checking accounts, money market accounts, and multi-currency and sweep accounts, in addition to lockbox, electronic deposit capture, and merchant services; credit products and services, counting term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit, and credit cards; and payment and cash administration products and services comprising wire transfer and automated clearing house payment, bill pay, account analysis, and disbursement, in addition to online and mobile banking services.
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