Wednesday, March 28, 2018

=RSP Permian (RSPP) to be acquired by Concho Resources (CXO) for $9.5 billion



Concho Resources (CXO) will acquire RSPP in an all-stock transaction valued at approximately $9.5 billion, inclusive of RSP's net debt; representing consideration to each RSP shareholder of $50.24/share 
  • The consideration will consist of 0.320 shares of Concho common stock for each share of RSP common stock. The transaction was unanimously approved by the board of directors of each company. Under the terms of the definitive merger agreement, shareholders of RSP will receive 0.320 shares of Concho common stock in exchange for each share of RSP common stock, representing consideration to each RSP shareholder of $50.24 per share based on the closing price of Concho common stock on March 27, 2018.
  • The consideration represents an approximately 29% premium to RSP's closing price of $38.92 on March 27, 2018. Upon closing of the transaction, Concho shareholders will own approximately 74.5% of the combined company, and RSP shareholders will own approximately 25.5%. The resulting capital structure is consistent with Concho's long-term strategy of maintaining a strong financial position.
  • The transaction, which is expected to be completed in the third quarter of 2018, is subject to the approval of both Concho and RSP shareholders, the satisfaction of certain regulatory approvals and other customary closing conditions.
  • The combined company will run the largest drilling and completion program in the Permian Basin. With a focused portfolio and substantial scale advantage, the benefits of this transaction are expected to drive corporate level savings and operational synergies by combining the complementary assets and the technical skills of both company's employees. Specific operational synergies include: asset optimization, directing capital to high-return manufacturing-style projects and utilizing shared infrastructure systems. The present value of corporate and operational synergies is expected to exceed $2 billion.
  • The acquisition is expected to be accretive in the first year to Concho's key per-share metrics, including net asset value, earnings, cash flow and debt-adjusted growth. In addition, the transaction is expected to enhance Concho's three-year outlook for annualized production growth on a capital program within cash flow from operations. 

Tuesday, March 27, 2018

Saturday, February 3, 2018

=National CineMedia (NCMI)

National CineMedia is an American cinema advertising company. NCM displays ads to U.S. consumers in movie theaters, online and through mobile technology.





Description

National CineMedia, Inc. (NCM, Inc.) is a holding company that manages its consolidated subsidiary National CineMedia, LLC (NCM LLC). The Company operates digital in-theater network in North America, allowing NCM LLC to sell advertising and certain third-party theater circuits under long-term network affiliate agreements. It is engaged in the sale of advertising to national, regional and local businesses in First Look, its cinema advertising and entertainment pre-show seen on movie screens across the United States It also sells advertising on its Lobby Entertainment Network (LEN), a series of screens located in movie theater lobbies, as well as other forms of advertising and promotions in theater lobbies. The Company sells online and mobile advertising through its Cinema Accelerator digital product to reach entertainment audiences beyond the theater. In-theater advertising and entertainment content is distributed across NCM LLC's national theater network.

Key stats and ratios

Q3 (Sep '17)2016
Net profit margin27.41%19.44%
Operating margin43.21%36.33%
EBITD margin-46.65%
Return on average assets11.25%8.16%
Return on average equity--
Employees615

Thursday, January 25, 2018

Shell Midstream Partners (SHLX) increases quarterly distribution to $0.333/unit

  • Shell Midstream Partners increases quarterly distribution to $0.333/unit from $0.318/unit
 





Monday, December 18, 2017

SPDR S&P 500 ETF (NYSEARCA:SPY) announces quarterly distribution of $1.3513


  • SPDR S&P 500 ETF (NYSEARCA:SPY) - $1.3513. 30-Day Sec yield of 1.73%.
  • Payable Jan. 31; for shareholders of record Dec 18; ex-div Dec 15. 30-Day Sec yield as of 12/14/2017.
  • Div/yield 1.35/1.79

Sunday, October 29, 2017

=Tanger Factory Outlet Centers (SKT) declares dividend for Q3 2017

Tanger Factory Outlet Centers, Inc. is a real estate company that owns the chain Tanger Outlets, an outlet mall company headquartered in Greensboro, North Carolina.
  • Headquarters: Greensboro, NC
  • CEO: Steven B Tanger
  • Founder: Stanley Tanger
  • Founded: 1981
  • tangeroutlet.com


Div/yield 0.34/5.94
Annualized dividend $ 1.37
Ex Dividend Date 10/30/2017
Dividend Payment Date 11/15/2017


GREENSBORO, N.C.Oct. 5, 2017 /PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (SKT), announced today that its Board of Directors declared a quarterly dividend of $0.3425 per share for the third quarter ending September 30, 2017. A cash dividend of $0.3425 per share will be payable on November 15, 2017 to holders of record on October 31, 2017.
Since becoming a public company in May 1993, the company has paid a cash dividend each quarter and has increased its dividend each year.
About Tanger Factory Outlet Centers
Tanger Factory Outlet Centers, Inc. (SKT), is a publicly-traded REIT headquartered in Greensboro, North Carolina that presently operates and owns, or has an ownership interest in, a portfolio of 43 upscale outlet shopping centers and one additional center currently under construction. Tanger's operating properties are located in 22 states coast to coast and in Canada, totaling approximately 14.9 million square feet, leased to over 3,100 stores which are operated by more than 500 different brand name companies.

Key stats and ratios

Q2 (Jun '17)2016
Net profit margin23.89%41.53%
Operating margin31.85%32.47%
EBITD margin-57.34%
Return on average assets4.52%7.99%
Return on average equity18.07%30.81%
Employees297

Thursday, October 19, 2017

Carnival (CCL) increases quarterly dividend to $0.45/share

Carnival increases quarterly dividend to $0.45/share from $0.40/share
  • Div/yield 0.45/2.70