$MPWR announced its third quarter dividend of $0.20 per common share to all stockholders of record as of the close of business on September 30, 2016. The dividend will be paid to stockholders on October 14, 2016.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?
$KSU expects its export business from the US to grow faster than its import business back into the US. The company was up 8% on cross-border business for 4Q16. $KSU said that it has not changed the outlook for 2017 on the automotive growth and still feels very comfortable.
$KSU reported that overall headcount was down 1% for 4Q16. The company expects 2017 capital spending to reduce by approx. $30MM from $584MM in 2016 to a range of $550-560MM in 2017. The company does not currently have plans to purchase locomotives in 2017.
$HAL signed a contract with Shell Iraq Petroleum Development to provide drilling services for sustained production at Shell's Majnoon Oil Field in Southern Iraq. Under the contract, $HAL will mobilize three rigs to drill development wells and carry out work over activities over the next 2 years.
$KSU said that the US refiners exporting fuel into Mexico continues to gain momentum. The company expects this to drive higher shipments of refined products beginning in 2017. $KSU added that its operating performance was not up to its expectations and it saw a deterioration in a terminal dwelled during 4Q16.