Big Movers: LO, PAYX, GTE, RAI, AEM
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Lorillard Inc.(NYSE:LO) shares fell 2.26% and closed at $116.09. The company announced that its wholly-owned subsidiary, Lorillard Tobacco Company, along with other participating manufacturers, has agreed to a term sheet with 17 states and the District of Columbia and Puerto Rico that resolves disputes under the 1998 Master Settlement Agreement (MSA) involving payment adjustments relating to nonparticipating manufacturers.
How Should Investors Trade LO After The Recent Volatile Moves? Find Out Here
Paychex, Inc.(NASDAQ:PAYX) shares decreased 0.30% to $33.16 in yesterday’s session. The company has announced an ex-dividend date of December 18, 2012 and a cash dividend payment of $0.66 per share scheduled for December 28, 2012. Shareholders who purchased PAYX stock prior to the ex-dividend date are eligible for the cash dividend payment.
Is PAYX Showing Any Sign of Buy At The Current Market Price? Get Our Free Trend Analysis Here
Gran Tierra Energy Inc.(NYSEAMEX:GTE) shares declined 2.19% and closed at $5.80 in the last trading session. The company has declared a 2013 capital spending program of $363 million for its exploration and production development operations in Colombia, Brazil, Peru and Argentina. The capital spending program allocates $202 million for drilling, $65 million for facilities, equipment and pipelines, $93 million for seismic activities and $3 million associated with corporate activities.
Can GTE Rebound After The Recent Slump and Investors Can Make Money? Find Out Here
Reynolds American, Inc.(NYSE:RAI) shares fell 2.19% to $41.94. The company announced that its board of directors declared a quarterly cash dividend on the company’s common stock of $0.59 per share ($2.36 per share annualized). The dividend will be payable on Jan. 2, 2013, to shareholders of record on Dec. 10, 2012. This is the 34th consecutive quarterly cash dividend that Reynolds American has declared since it became a public company on July 30, 2004. RAI’s policy is to return about 80% of the company’s current-year net income to shareholders in the form of dividends.
Is RAI Ready To Move Back To New Highs This Year? Find Out Here
Agnico-Eagle Mines Limited (USA)(NYSE:AEM) shares decreased 2.18% and closed at $52.03 in yesterday’s session. The company announced that Board of Directors has approved a 10% increase in the quarterly cash dividend to $0.22 per common share. The next quarterly dividend will be paid on March 15, 2013 to shareholders of record as of March 1, 2013. Agnico-Eagle has now declared a cash dividend to its shareholders for 31 consecutive years.
Is AEM Ready To Move Back To New Highs This Year? Find Out Here
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