Marking one of the final steps in its effort to exit operations that detract from its core focus on unconventional natural gas and oil resources in North America, EnCana Corp. said Tuesday it is selling its shares in subsidiaries that have oil and pipeline interests in Ecuador to Andes Petroleum Co., a joint venture of Chinese petroleum companies, for US$1.42 billion in cash.
Detract
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Kinder Morgan Shifts Focus to Dividends
With new tax laws in its favor, Kinder Morgan Inc. (KMI) announced Wednesday it will move away from an earnings per share policy and focus instead on shareholder dividends. As part of its new policy, KMI plans to increase its quarterly dividend to 40 cents a share, or $1.60 annually, up 167% from its current 15 cents (60 cents a year).
June 16, 2003
Kinder Morgan Shifts Focus to Dividends
With new tax laws in its favor, Kinder Morgan Inc. (KMI) announced Wednesday it will move away from an earnings per share policy and focus instead on shareholder dividends. As part of its new policy, KMI plans to increase its quarterly dividend to 40 cents a share, or $1.60 annually, up 167% from its current 15 cents (60 cents a year).
June 12, 2003
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