Higher commodity prices, combined with an increased focus on capital discipline and debt repayment, have...
Higher commodity prices, combined with an increased focus on capital discipline and debt repayment, have allowed shale gas producers to significantly reduce their borrowing needs and decouple from banks, making them less exposed to future interest rate hikes, according to analysts. "Refinancing needs are low with most companies planning to use free cash flow to pay off maturing bonds rather than tap the market to refinance," said CreditSights analyst Jake Leiby.
Continental Resources, Inc. (NYSE: CLR) today announced an increased quarterly dividend,...
Continental Resources, Inc. (NYSE: CLR) today announced an increased quarterly dividend, and its first-quarter 2022 production results, as well as improvements to its 2022 projected return on capital employed1 from its 2022 capital program enhancement.
The Company's Board of Directors recently approved increasing the Company's quarterly dividend to $0.28 per share, payable on May 23, 2022 to stockholders of record on May 9, 2022. This dividend represents a $0.05, or approximately 22%, increase to the Company's $0.23 per share quarterly dividend paid in first quarter 2022 and equates to an approximately 1.8% annualized dividend yield, as of April 21, 2022, which exceeds the S&P 500 average yield. The Company continues to target a 2.0% or greater annualized dividend yield long term.
MarketWatch: Dow ends down over 800 points, Nasdaq slides roughly 4% as stocks tumble
Stocks dropped sharply Tuesday, with the Nasdaq Composite ...
Stocks dropped sharply Tuesday, with the Nasdaq Composite COMP, -3.95% posting its lowest finish since late 2020 ahead of earnings from tech giants Microsoft Corp. MSFT, -3.74% and Google parent Alphabet Inc. GOOG, -3.04%. The Dow Jones Industrial Average DJIA, -2.38% lost around 809 points, or 2.4%, to close near 33,240, according to preliminary figures, while the S&P 500 SPX, -2.81% shed around 121 points, or 2.8%, to end near 4,175. The Nasdaq suffered the brunt of the pressure, losing around 514 points, or 4%, to end around 12,491, which would be its lowest finish since December 2020.
