Dividends

Study: Emerging Supply Sources Should Rescue Consumers by 2006

The industry scramble to find new gas supply sources should begin paying significant dividends as early as 2006, according to consultants at Arlington, VA-based Energy Ventures Analysis (EVA). By 2025, EVA sees the potential for 23.8-33.2 Bcf/d of additional gas supply coming from a wide variety of new sources.

September 25, 2003

Deloitte Survey Finds Gas, Utility Shareholders Interested in Performance Over Dividends

Once classified as safe investments suitable for “widows and orphans,” gas and electric utility stocks interest a broader cross section of investors, more interested in how well their investments perform and appreciate in value instead of the dividend yields or management performance, according to a new survey by Deloitte & Touche.

June 23, 2003

Deloitte Survey Finds Gas, Utility Shareholders Interested in Performance Over Dividends

Once classified as safe investments suitable for “widows and orphans,” gas and electric utility stocks interest a broader cross section of investors, more interested in how well their investments perform and appreciate in value instead of the dividend yields or management performance, according to a new survey by Deloitte & Touche.

June 17, 2003

CMS Cuts Dividend in Half; CFO Says 10 Asset Sales ‘Close’

Pressured by its lenders to restrict dividends before credit agreements could be finalized, CMS Energy Corp. last week cut its common dividend 50%, to an annual rate of 72 cents a share. Whether the dividend is restored or even continued after the end of this year will depend on how well the business performs in the future, CFO Alan Wright told analysts during a conference call. By cutting the dividend, however, CMS reached agreement with a group of 21 banks on five credit facilities totaling $1.3 billion.

July 22, 2002

California Crisis Pays Dividends to Calpine, Sempra

With the backdrop of California’s continuing energy upheavals, two of the state’s major energy companies announced substantial first quarter earnings increases that were driven largely by the price and supply volatility for power.

April 30, 2001

Sonat Merger Pays Dividends to El Paso

El Paso Energy earnings jumped 84% in the first quarter comparedto 1Q99 mainly because of cost savings from its merger with Sonatand the strong performance of its unregulated merchant energy andE&P segments.

May 1, 2000
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