Author: Kevin Bae
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Chevron seeks energy exploration deal with Algeria
Over the past decade, U.S. companies have pulled back from operations in oil-and-gas-rich Middle Eastern and African countries they viewed as politically risky to focus on booming shale production at home. Yet Chevron, which is the world’s second-largest Western oil company by market capitalization, recently revived talks to invest in Algeria, people familiar with the matter said.…
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Public Storage makes $11 billion unsolicited all-stock offer for Life Storage, Inc.
Public Storage said it sent a letter to Life Storage’s management on Sunday detailing its all-stock proposal, worth about $129 a share, confirming an earlier report by The Wall Street Journal. Life Storage shares closed Friday at $110.58. The deal would have a so-called enterprise value, which includes net debt, of roughly $15 billion and…
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Public Storage increases dividend by 50%
This increase is their first since 2016. The yield jumps from about 2.7% to 3.9% Public Storage (NYSE:PSA) announced today that its Board of Trustees declared a 50% increase in the Company’s regular common quarterly dividend from $2.00 to $3.00 per share. The distribution equates to an annualized increase to the Company’s regular common dividend…
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CorEnergy (CORR) Suspends Dividend
CorEnergy Infrastructure Trust, Inc. (CORR) issued a press release this morning announcing the suspension of their dividend for the time being. This means income investors like me have to scramble to get out of the stock before the price drops too much from other investors jumping ship. As of today it’s down 12% which is…
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Eversource Energy announces dividend increase of 5.9%
The Eversource Energy Board of Trustees declared a quarterly dividend of $0.675 per share, payable March 31, 2023, to shareholders of record as of March 2, 2023. Eversource also announced today that it will webcast a conference call with financial analysts on Tuesday, February 14, 2023, beginning at 9 a.m. Eastern Time, at which senior…
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Infrastructure Investments Fund completes Acquisition of South Jersey Industries
Also announced is a special dividend of $0.1499 per share. South Jersey Industries, Inc. (NYSE: SJI) (SJI) and the Infrastructure Investments Fund (IIF), a private investment vehicle focused on investing in critical infrastructure assets, announced that IIF’s acquisition of SJI is closing today. “The completion of this transaction marks an exciting new chapter for SJI,”…