Friday, February 21, 2014

For Investors Only; Daily Activity Report; Odds And Ends

A slow day, I suppose. The US men's hockey team lost; it will play Finland tomorrow for the bronze medal. I hear the US women's team also lost to Canada yesterday. I didn't confirm.

The stock market finished relatively flat today after a good week, but that not to say some investors got very, very good news.

Mueller Industries announces 20% dividend increase and two-for-one stock split:
Co announced that its Board of Directors has declared a regular quarterly cash dividend of 15 cents per share on its common stock. This represents a 20 percent increase, or two and one half cents per share increase, over previous quarters. The dividend will be payable March 14, 2014, to shareholders of record on March 3, 2014.

The Company also announced that the Board of Directors has declared a two-for- one stock split to be effected in the form of a 100 percent stock dividend. Stockholders of record on March 14, 2014 will receive one additional share of common stock for each share of the Company's common stock held on that date. 
Sempra Energy increases quarterly dividend 4.8% to $0.66 from $0.63 per share. 

Other news -- 

Windstream is reducing its workforce; expects to incur charge of $9 -10 mln:
Co is reducing its workforce to increase operational efficiency. Co plans to eliminate ~400 positions by March 3. About 175 of those positions are being eliminated through a voluntary separation initiative. Windstream currently has approximately 13,500 employees.
Active rigs in North Dakota:

Active Rigs18718420117094

Ten (10) new permits -- 
  • Operators: SM Energy (4), Hunt Oil (3), Oasis (2), WPX
  • Fields: West Ambrose (Divide), Alexandria (Divid), Zahl (Williams), Antelope (McKenzie), Tyrone (Williams)
  • Comments:
Wells coming off the confidential list were posted earlier; see sidebar at the right. 

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