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His hedge fund, Pershing Square Capital, invests in high-quality businesses with stocks that Ackman feels have become mispriced relative to their intrinsic value. He then uses his sway as a large shareholder to influence management and unlock value. But Brookfield isn't just about making moves to attract more investmentcapital.
annual shareholder meeting. economy, and his investing philosophy for hours on end. In fact, the Oracle of Omaha declared in his latest annual letter to shareholders that he anticipates Occidental being an "indefinite" holding. Long story short, not a cent in capital was put toward buybacks for a long time.
Ares Capital Ares Capital is the world's largest publicly traded business development company ( BDC ). These specialized entities are popular among income-seeking investors because they can avoid paying income taxes by distributing nearly all of their earnings to shareholders in the form of dividend payments.
It will receive recurring monthly option payments, which will be used to pay predictable dividends to shareholders, and will additionally receive initial deposits and proceeds from the sale of fully developed homesites. Lennar will distribute 80% of the stock of Millrose to Lennar shareholders. billion revolving credit facility.
One stock he has owned since 2018 is Hilton Hotels (NYSE: HLT). Shares are up close to 200% since the beginning of 2018, and it now makes up 18.5% The owners put up all the capitalinvestment, making Hilton a capital-light model that simply licenses Hilton to these properties. of the Pershing Square portfolio.
Part of the reason why Vici Properties has been able to keep raising its dividend every year since it became a public company in 2018 is that it has built-in rent hikes in its leases. Simply put, every year it generates a little more cash and that lets it pass a little more income on to shareholders via a growing dividend.
Allianz Global Investors and Dutch development bank FMO have agreed one of the largest “blended finance” funds on record, raising $1.1bn to invest in loans that help emerging and frontier countries meet sustainable development targets.
These specialized entities are generally popular among income-seeking investors because they can legally avoid paying income taxes by distributing nearly all their earnings to shareholders as dividend payments. All over America, companies starved for capital are willing to pay higher interest rates than you might imagine.
By 2013, IBGH had gone out of business and was later sued by a prominent shareholder who alleged that management had "allowed the Company's assets to be wasted." After the legal turbulence settled in 2018, the company essentially pivoted again, rebranding itself as Quantum Computing Inc.
Microsoft Tiger Global has held a position in Microsoft since 2018, making it its second-largest holding. For example, another leading cloud company, Snowflake , expects margins to be under pressure in the near term as it ramps up investment in AI hardware like graphics processing units (GPUs). million shares worth nearly $2.4
That is the cash that is left over after the company has paid all of its bill, made all of its capitalinvestments, made all of its investments and working capital. My favorite example of the species is Q4 of 2018. 2018 was a dismal year for the market. You got to the end of 2018 and going into early 2019.
Iron ore production reached 328 million tons, the highest level since 2018 and above our original guidance. We are also laser-focused on optimizing our capital expenditures. billion, leveraging optimization initiatives in certain capitalinvestments. This will be the reference for additional shareholder remuneration.
And historically, it has done just that, generating a 12% cash return on investedcapital over the last decade. MTN Cash Return on CapitalInvested (CROCI) (TTM) data by YCharts. What's important about this 12% mark for Vail is that it easily exceeds its weighted average cost of capital, which has averaged 8% since 2018.
I'm pleased with the progress we're making toward delivering a compelling repositioning of our company to create maximum long-term value for shareholders, employees, customers, and other stakeholders. The sale represents an attractive exit from what has been an excellent investment for our shareholders. Turning to Slide 8.
But to affirm what we outlined in our last November call and since, if we were to contract the balance of our open position at the same average pricing secured under these recent contracts, that could enable CWEN CAFD per share growth at the low end of 5% to 8% into 2027 without a need for additional capitalinvestment.
We'd like to welcome all of our shareholders, analysts, and most importantly, our employees to Core Laboratories' second quarter 2024 earnings call. Chris will then give a detailed financial overview and have additional comments regarding shareholder value. Lawrence Bruno -- Chairman and Chief Executive Officer Thanks, Chris.
Chinook will manage the assets and deploy capital, with CDPQ becoming a minority shareholder to support the firm's growth and its natural capital portfolio expansion. Engie is the majority shareholder who owns the remaining 75% of the company.
Investments and acquisitions comprised of attractive refining projects and midstream investments, including MPLX's $625 million strategic acquisition in the Utica Basin. In Refining, we are investing predominantly at our large competitively advantaged facilities to enhance shareholder value and position MPC well into the future.
So, while it has future potential, its capital requirements and management bandwidth consumption have really led me to direct our team to evaluate all strategic alternatives to maximize shareholder value from this asset. Third, we're intensifying our focus on financial discipline and shareholder returns. million to 5.1
We delivered $36 billion of earnings, strong cash flows, and a 15% return on capital employed. The synergies will create significant shareholder value and accelerate Pioneer's net-zero ambitions by 15 years to 2035. Finally, I want to thank our shareholders for their continued confidence and support. Good morning, everyone.
We delivered earnings of almost $8 billion, two times higher than what we earned in the second quarter of 2018 under comparable industry commodity prices. Capex investments totaled $12.5 The work is delivering exceptional results, driving industry-leading returns on investments and growth in earnings and cash flow.
These last 12 months have been a challenging environment for utility investors generally and even more so for Dominion Energy shareholders. As stewards of investor capital, we take that very seriously. Since announcing the review, I've had the opportunity to engage directly with many of our shareholders.
To achieve this vision, we are delivering a best-in-class customer experience and investing in our associates. We know that when we take care of our customers and our associates, we generate attractive and sustainable returns for our shareholders. We expect capitalinvestments for 2024 to be between $3.4 billion and $3.6
First and importantly, we expect to generate roughly $1 billion in capital to be used for highest and best future benefit. Some of that capital allocation will have timing components to it with increasing flexibility and optionality over time. Capital expenditure for the year was 3.1%
To capitalize on increased interest in medical cannabis as part of healthcare options made available to Canadians, last week, we announced a commercial collaboration with Vectura Fertin Pharma, an innovator in wellness and healthcare to launch a newly developed CBD Lozenge on our leading Canadian medical cannabis platform. We hold the No.
Our capital position remains strong with our CET1 ratio of 11.3%, up from 11% last quarter, and we continue to return significant amounts of excess capital to shareholders. We also benefited from improved results in our venture capitalinvestments. We repurchased $3.5 billion of common stock in the quarter and $15.6
I will start by sharing a recap of our first-quarter performance and highlight how we continue to advance our go-to-market strategy, which powers our value creation model and drives long-term sustainable growth for our shareholders. And we remain confident in our ability to drive attractive and sustainable returns for our shareholders.
We delivered strong sequential improvement in adjusted EBITDA margin for both Subsea and Surface technologies, including a 420 basis point increase in Subsea to 14.4%, the highest quarterly margin since 2018. Free cash flow was $103 million in the quarter and just yesterday we provided two updates to our plans for shareholder distributions.
If I'm a Walgreen shareholder, I might think they're making the right business decision. They've made a lot of big acquisitions and some big capitalinvestments in the resorts. This has to be a really good ski season I think to support continued investment, keep the dividend growing. It could be a really bad signal.
And the company has a history of ensuring that the portfolio that is assembled is not only delivering value to patients and governments and healthcare systems, but it's also delivering value to our shareholders. And we believe that, that balanced approach benefits the long-term shareholder, right? Our approach is balanced.
We returned $116 million to shareholders in cash dividends and share repurchases. At the end of the second quarter, we had around $3 billion in cash and short-term investments and another $1.2 It takes time to build to have the effect because little do people remember Crazy Thursday start from back to 2018. Thanks, Christine.
I would like to express my sincere thanks to Greg for his partnership with me through my first year as CEO and his successful performance as CFO since 2018. However, the capitalinvestment required for fixed sortation system is high. With that, let's turn to Slide 3. I think the real constraint here is customer adoption rates.
The budget and the open letter share the goal of an increase in real capitalinvestment, not simply about the purchase of securities. Note, too, the effectiveness problem is only overcome if pension plans are forced into concessional investing. Being forced into concessional investing is an unacceptable outcome.
Of fundamental importance, our 2023 investing in gaming and nongaming was accretive. Our announced 2023 capitalinvestments were made at a blended initial unlevered investment yield of 7.7%. Our 2023 investing was also balance sheet-enhancing. billion of investment with approximately $1.6 We funded this $1.8
Turning to our strategy, as I discussed last quarter, Equinix has developed a differentiated and successful business over the last two and a half decades, creating exceptional value for our customers and our shareholders. We continue to invest in the market opportunities we believe lie ahead.
Adoption of the Safer Banking Act is on the table as well, which would give the industry access to normal bank capital. In the run-up to our Annual Shareholder Meeting last month, we reached out to shareholders on proxy issues and for general feedback. These are potentially significant tailwinds for Hawthorne.
Combined with the $252 million of common unit repurchases over the same period, our total capital return was $4.8 We returned roughly $1 billion more than our growth capital expenditures were for the same period. Total capitalinvestments in the third quarter of 2024 were $1.2 You sort of saw the same thing in 2018, 2019.
From 2Q 2018 to 2Q 2020, our wireless service revenues were essentially flat. Turning to our final priority, we continue to allocate capital in a deliberate manner to create best-in-class experiences for customers, drive sustainable, profitable growth, and deliver long-term value for shareholders. Capitalinvestment was 5.9
since the first quarter of 2018 following our IPO. As a VICI shareholder, I haven't forgotten or ignored that compounding dynamic can benefit. We are thrilled to further expand our close relationship with Apollo and announced our opportunity to invest up to $700 million at the Venetian through VICI's Partner Property Growth Fund.
By bringing these factors together, we believe we could both augment and extend our growth trajectory, leverage our platform and expertise to create incremental value in selected markets, and add to an already compelling total return profile for American Tower shareholders. in total tenant billings growth, including greater than a 6.5%
For sellers – we maximize shareholder value while minimizing uncertainty. ” Visit Brentwood’s Profile “McDonald Dalton Capital Partners is a highly experienced capital markets firm with a focus on completing successful transactions for our clients.
which will target equity investments in the technology, heath care, financial services, consumer and business services sectors worldwide. Invested US$20 million in PT Samator Indo Gas Tbk, the largest industrial gas company in Indonesia, alongside CVC Capital. Our original investment was made in 2018. We own a 16.3%
Even prior to 2018, Livent was looking for ways to improve its profitability profile, both in absolute terms, but also in terms of predictability of earnings. It is with this same perspective that Livent will look to operate its business moving forward and how the company ultimately believes it will drive the most value for shareholders.
As with other industries, the cost of capital and capital availability have fundamentally changed for cannabis operators over the course of the past few years. With Viridian Capital Advisors reporting that both U.S. We believe that we have been able to drive strong returns for our shareholders and are going to continue to do so.
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