from Birchcliff Energy that it's going to pay a special dividend of $0.20 per share later this month is likely vindication for a natural gas producer whose shares were in penny-stock territory near the onset of the pandemic and whose dividend was taken down to half a cent shortly thereafter. But now the debt is way lower, free cash is booming, and the goal of having an annual dividend at $0.80 per share is still in place for next year.
Deal-hungry Dye & Durham is in a rough patch. After watching its takeover of Link Administration Holdings crumble a few weeks ago, now the Toronto-based software consolidator is barely a year after it acquired the real-estate services platform for $156 million. The move to sell TMG was prompted by a U.K. regulatory decision.Notable data: Canadian manufacturing sales, wholesale trade, and existing home sales; U.S.
1150: Canadian Association of Petroleum Producers President and CEO Lisa Baiton Q&A at Canadian Chamber of Commerce annual meetingGoodfood Market no longer has pandemic momentum on its side. After enjoying an unexpected growth surge as COVID-19 drove demand for meal-kit and grocery delivery services, the Montreal-based company announced today it’s shutting all of its micro fulfillment centres, and will take up to a $50-million impairment charge in the fourth quarter.
Yesterday’s speculation has turned into today’s reality as Kroger announced it’s buying Albertsons in a deal that will combine to giants of America’s supermarket industry.
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