An environmental dividend is emerging for Alberta, Canada’s energy warehouse province, as a bonus of oilsands development.
Articles from Dividend
An environmental dividend is emerging for Canada’s energy warehouse province as a bonus of oilsands development across northern Alberta.
Portland, OR-based Northwest Natural Gas Co. Thursday marked its 50th consecutive year of dividend growth and reiterated strong first-quarter 2006 and full-year 2005 earnings during its annual shareholders meeting. Earnings for the first quarter were up compared to the same period last year ($1.48/ vs. $1.43/diluted share for the respective periods), and profits for all of 2005 exceeded those the previous year ($2.11/diluted share last year, compared to $1.86/diluted share for 2004).
During the company’s routine dividend per share announcement, Chesapeake Energy Corp. said Friday it has decided to sell or trade its Permian Basin assets so that it can further tighten its focus on the Mid-Continent region, where 85% of its assets are currently located.
As expected, Tulsa-based Williams Cos. said Friday it would spinoff its broadband network services provider Williams Communicationsin the form of a dividend by distributing nearly 400 millionshares, about 95% of Williams Communications common stock, toholders of the parent common stock.
After suspending payment of its fourth quarter dividend of 30cents/share and requesting emergency assistance from the state forbuying natural gas on Wednesday, Pacific Gas & Electric Co.said Thursday it will immediately lay off 325 employees and cutcustomer services to save $180 million. The utility unit ofPG&E Corp. plans to cut another 675 jobs if its cash situationdoes not improve over the next few months, Pacific Gas and ElectricPresident Gordon Smith said in a memo sent to employees onThursday.