Showing posts with label dividend decrease. Show all posts
Showing posts with label dividend decrease. Show all posts

Thursday, December 14, 2023

=== Ready Capital (RC) decreases quarterly cash dividend

Previously
  • Forward Dividend & Yield 1.16 (10.11%)
  • Ex-Dividend Date Sep 28, 2023

Ready Capital decreases quarterly cash dividend to $0.30/share from $0.36/share

==New York Mortgage Trust (NYMT) decreases quarterly cash dividend

Previously:
  • Forward Dividend & Yield 1.20 (12.53%)
  • Ex-Dividend Date Sep 20, 2023   
New York Mortgage Trust decreases quarterly cash dividend to $0.20/share from $0.30/share


Sunday, February 7, 2016

ConocoPhillips announced a dividend decrease by two-thirds to 25 cents a share


  • ConocoPhillips announced a dividend decrease by two-thirds to 25 cents a share from 74 cents a share. This frees up an incremental $2.4 billion in cash. 
  • The decision to reduce the dividend and make further reductions in operating expenditures (opex) and capital expenditures (capex) as unavoidable with oil prices near $30 a barrel.



Additionally, ConocoPhillips announced a further 2016 capex reduction by $1.3 billion to $6.4 billion. Finally, incremental opex reductions of $700 million will also support cash flow. In total, the three reductions represent an incremental $4.4 billion in potential cash-flow improvements versus prior guidance.

 In spite of planned capex reduction and Lower 48 States declines of about 10%, ConocoPhillips expects year-over-year production will remain flat in 2016. Incremental production from development programs (Alaska, China, Europe, Lower 48) and major project start- and ramp-ups are expected to offset base declines of 8%. These projects include the ramp-up of Australia Pacific Liquid Natural Gas Project, startup of Kebabangan [offshore Malaysia] and the continued ramp-up of Surmont 2 [Canada] and Foster Creek, Christina Lake and Narrows Lake [Canada].

Tuesday, January 26, 2016

Noble Energy (NBL) decreases quarterly dividend to $0.10/share

Noble Energy reduces dividend to $0.10/share; down from $0.18/share 
  • Noble Energy is starting 2016 with a capital program of approximately $1.5 bln, which is about 50% lower than 2015 (pro-forma for the Rosetta Resources Inc. merger). This investment level is expected to deliver 2016 annual sales volumes of approximately 390 thousand barrels of oil equivalent per day, consistent with full-year 2015 pro-forma amount