Monthly Archives: February 2018

Extraction Oil & Gas, Inc. to Host Earnings Call

NEW YORK, NY / ACCESSWIRE / February 28, 2018 / Extraction Oil & Gas, Inc. (NASDAQ: XOG) will be discussing their earnings results in their Q4 Earnings Call to be held on February 28, 2018, at 10:00 AM Eastern Time.

To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/company/86429.

To receive updates for this company you can register by emailing info@investornetwork.com or by clicking get investment info from the company’s profile.

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Investor Network (IN) is a financial content community, serving millions of unique investors market information, earnings, commentary and news on the what’s trending. Dedicated to both the professional and the average traders, IN offers timely, trusted and relevant financial information for virtually every investor. IN is an Issuer Direct brand, to learn more or for the latest financial news and market information, visit www.investornetwork.com. Follow us on Twitter @investornetwork.

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ReleaseID: 490901

R.R. Donnelley & Sons Company to Host Earnings Call

NEW YORK, NY / ACCESSWIRE / February 28, 2018 / R.R. Donnelley & Sons Company (NYSE: RRD) will be discussing their earnings results in their Q4 Earnings Call to be held on February 28, 2018, at 10:00 AM Eastern Time.

To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/company/22673.

To receive updates for this company you can register by emailing info@investornetwork.com or by clicking get investment info from the company’s profile.

About Investor Network

Investor Network (IN) is a financial content community, serving millions of unique investors market information, earnings, commentary and news on the what’s trending. Dedicated to both the professional and the average traders, IN offers timely, trusted and relevant financial information for virtually every investor. IN is an Issuer Direct brand, to learn more or for the latest financial news and market information, visit www.investornetwork.com. Follow us on Twitter @investornetwork.

SOURCE: Investor Network

ReleaseID: 490902

Free Post Earnings Research Report: Badger Meter’s Quarterly Revenues Advanced 3.82% and Earnings Increased 19.05%

Stock Monitor: Vishay Precision Group Post Earnings Reporting

LONDON, UK / ACCESSWIRE / February 28, 2018 / Active-Investors.com has just released a free earnings report on Badger Meter, Inc. (NYSE: BMI). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=BMI. Badger Meter reported financial results on February 05, 2018, for the fourth quarter and full year ended December 31, 2017. The Company reported record results across all parameters – revenues, operating earnings, net earnings, and earnings per share for Q4 FY17 and full year 2017. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Vishay Precision Group, Inc. (NYSE: VPG), which also belongs to the Technology sector as the Company Badger Meter. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Badger Meter most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=BMI

Earnings Highlights and Summary

Badger Meter’s total revenues for the fourth quarter of 2017 (Q4 FY17) reached $96.65 million, an increase of 3.82% from $93.1 million in Q4 FY16 driven by the positive impact from sales of new products, higher municipal water sales volume, and continued improvement in key flow instrumentation markets, such as oil and gas. The reported revenue number missed analysts’ consensus estimates of $97 million.

During Q4 FY17, Badger Meter’s cost of products sold (COGS) were $57.65 million compared to $59.58 million in Q4 FY16, reflecting a decrease of 3.24%. The Company’s gross profit advanced 16.35% to $39 million in the reported quarter from $33.52 million in the year ago same quarter. The Company’s gross margin improved 4.35% y-o-y to 40.35% in Q4 FY17.

Badger Meter incurred selling, engineering, and administration expenses of $25.85 million in Q4 FY17, an increase of 5.83% from $24.43 million in Q4 FY16, owing to acquisition expenses, increased commissions, and employee incentives as well as higher professional services fees. The Company’s operating earnings for the reported quarter was $13.15 million compared to $9.10 million in the same period last year, reflecting an increase of 44.6%. Badger Meter’s operating margin increased to 13.61% in Q4 FY17 from 9.77% in Q4 FY16, led by the acceptance of its advanced technology products and continued operational efficiencies.

Badger Meter’s net earnings were $7.23 million for Q4 FY17, an increase of 18.32% from $6.11 million in Q4 FY16. Diluted earnings per common share advanced 19.05% to $0.25 in the quarter under review from $0.21 in the same period last year. The reported numbers included a charge of $0.8 million on account of transition tax on the Company’s undistributed foreign earnings, which was offset by a benefit of $0.8 million from federal rate change impact on the Company’s net deferred tax liabilities. The tax benefit resulted from the recent Tax Cuts and Jobs Act. The reported earnings numbers surpassed analysts’ consensus estimates of $0.23 per share.

For the year ending December 31, 2017, Badger Meter generated record revenues of $402.44 million, an increase of 2.20% from $393.76 million in FY16. It must be noted that the Company’s sales surpassed the $400 million threshold for the first time in 2017, mainly driven by growth of new technologies and continued improvement in industrial markets. The Company’s COGS jumped 1.44% y-o-y to $246.69 million while gross profit advanced 3.43% y-o-y to $155.75 million in FY17. The Company’s selling engineering and administration hiked 0.31% to $100.12 million in FY17 from $99.81 million in FY16. Badger Meter’s operating earnings for the year under review were $55.62 million compared to $50.77 million in the previous year, reflecting an increase of 9.57%. The Company’s net earnings in FY17 increased 7.05% to $34.57 million from $32.3 million in FY16. Diluted EPS rose 7.21% to $1.19 for FY17 from $1.11 in FY16. The Company’ full year 2017 reported earnings also beat analysts’ consensus estimates of $1.18.

Cash Matters

Badger Meter had cash and cash equivalents of $11.16 million as on December 31, 2017, 52.14% higher than $7.34 million as on December 31, 2016. The Company ended the year with a debt-to-total capitalization ratio of 13.8%.

At the end of Q4 FY17, the Company recorded receivables of $58.21 million compared to $59.82 million for the same period in 2016. Badger Meter’s inventories as on December 31, 2017, were $85.17 million compared to $77.70 million as on December 31, 2016.

Outlook

In 2018, Badger Meter expects to gain from its industry leadership in North American water metering and improving position in global flow instrumentation technologies combined with a more favorable domestic tax environment.

On February 09, 2018, Badger Meter’s Board of Directors declared a regular quarterly cash dividend of $0.13 per share, the same as previous quarter. The dividend would be payable on March 15, 2018, to shareholders of record on February 28, 2018.

Stock Performance Snapshot

February 27, 2018 – At Tuesday’s closing bell, Badger Meter’s stock fell 5.32%, ending the trading session at $48.05.

Volume traded for the day: 398.65 thousand shares, which was above the 3-month average volume of 122.98 thousand shares.

Stock performance in the last three-month – up 5.26%; previous six-month period – up 6.78%; past twelve-month period – up 30.39%; and year-to-date – up 0.52%

After yesterday’s close, Badger Meter’s market cap was at $1.39 billion.

Price to Earnings (P/E) ratio was at 39.48.

The stock has a dividend yield of 1.08%.

The stock is part of the Technology sector, categorized under the Scientific & Technical Instruments industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

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A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

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This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

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Wired News – BWX Technologies Awarded $492 Million in Contract Options from Naval Nuclear Propulsion Program

Stock Monitor: Sturm, Ruger Post Earnings Reporting

LONDON, UK / ACCESSWIRE / February 28, 2018 / Active-Investors.com has just released a free research report on BWX Technologies, Inc. (NYSE: BWXT). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=BWXT as the Company’s latest news hit the wire. On February 26, 2018, the Company announced that its subsidiary, BWXT Nuclear Operations Group, Inc., has been awarded contract options by the US Naval Nuclear Propulsion Program for the manufacture of naval nuclear reactor components, totaling approximately $492 million. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Sturm, Ruger & Company, Inc. (NYSE: RGR), which also belongs to the Industrial Goods sector as the Company BWX Technologies. Do not miss out and become a member today for free to access this upcoming report at:

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Contract Details

Under these contracts, a variety of manufacturing and material procurement activities will be performed that will primarily support Virginia-class submarine construction. BWXT’s facilities in Lynchburg, Virginia, Barberton and Euclid, Ohio, and Mount Vernon, Indiana will execute this work over the next several years. The options were exercised in Q4 2017, and activity under these contracts is already underway. Additional naval nuclear reactor component contracts and options are anticipated to be awarded over the next several months.

Contract Options Awarded from Naval Nuclear Propulsion Program in 2017

In February 2017, the US Naval Nuclear Propulsion Program exercised contract options with BWXT’s subsidiary, BWXT Nuclear Operations Group, Inc., totaling approximately $784 million for the manufacture of naval nuclear reactor components. New contracts valued at approximately $11 million were also awarded. A variety of manufacturing and material procurement activities were performed under these contracts that primarily supported Ford-class carrier construction and Virginia-class submarine construction.

In April 2017, the US Naval Nuclear Propulsion Program exercised contract options with BWXT’s subsidiary Nuclear Fuel Services, Inc. (NFS) totaling approximately $141.7 million for fuel manufacture, development activities, and decommissioning work in support of the nation’s nuclear submarines and aircraft carriers. NFS has been the sole manufacturer of nuclear fuel for the US Navy’s fleet of nuclear-powered aircraft carriers and submarines since 1964.

BWXT’s Recent Contracts

In February 2018, BWXT’s subsidiary BWXT Nuclear Energy Canada Inc. was awarded a CA$18.6 million, four-year contract to manufacture zircaloy-4 seamless tubes for Societatea Nationala Nuclearelectrica S.A. (SNN), which operates the Cernavoda Nuclear Power Plant in Romania. The zircaloy-4 seamless tubes are being produced at BWXT’s Arnprior, Ontario tubing operation. These tubes are used in the production of CANDU® fuel at the Nuclear Fuel Factory located in Mioveni, Arges District, Romania, subsidiary of Nuclearelectrica

In the same month, the Company’s subsidiary BWXT Canada Ltd was awarded contracts valued at approximately CA$30 million from Bruce Power to design and supply 13 critical heat exchangers as part of Bruce Power’s asset management program. These heat exchangers would serve various functions, including maintaining safe reactor temperatures during reactor shutdown conditions and removing decay-heat from the spent fuel storage bays. They are being designed and manufactured in BWXT’s Cambridge, Ontario facility.

About BWX Technologies, Inc.

Founded in 1867 and headquartered in Lynchburg, Virginia, BWX Technologies is a leading supplier of nuclear components and fuel to the US government; provides technical and management services to support the US government in the operation of complex facilities and environmental remediation activities; and supplies precision manufactured components, services, and fuel for the commercial nuclear power industry.

Stock Performance Snapshot

February 27, 2018 – At Tuesday’s closing bell, BWX Technologies’ stock fell 2.36%, ending the trading session at $63.29.

Volume traded for the day: 628.82 thousand shares, which was above the 3-month average volume of 431.97 thousand shares.

Stock performance in the last three-month – up 3.67%; previous six-month period – up 18.65%; past twelve-month period – up 48.05%; and year-to-date – up 4.63%

After yesterday’s close, BWX Technologies’ market cap was at $6.29 billion.

Price to Earnings (P/E) ratio was at 31.82.

The stock has a dividend yield of 0.70%.

The stock is part of the Industrial Goods sector, categorized under the Aerospace/Defense Products & Services industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

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PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

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CONTACT

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ReleaseID: 491186

Free Post Earnings Research Report: Clearwater’s Net Sales Grew 2.6%; Adjusted EPS Advanced 6.1%

Stock Monitor: Schweitzer-Mauduit Intl. Post Earnings Reporting

LONDON, UK / ACCESSWIRE / February 28, 2018 / Active-Investors.com has just released a free earnings report on Clearwater Paper Corp. (NYSE: CLW) (“Clearwater”). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CLW. Clearwater reported its fourth quarter fiscal 2017 operating and financial results on February 05, 2018. The maker of pulp-based products exceeded revenue estimates. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Schweitzer-Mauduit International, Inc. (NYSE: SWM), which also belongs to the Consumer Goods sector as the Company Clearwater Paper. Do not miss out and become a member today for free to access this upcoming report at:

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Earnings Highlights and Summary

Clearwater’s Q4 2017 net sales grew 2.6% to $436.7 million compared to net sales of $425.6 million for Q4 2016, primarily due to a 4.6% improvement in paperboard average selling price and a 5.4% increase in paperboard shipment volumes, both largely attributable to the Manchester Industries acquisition. The Company’s reported numbers topped analysts’ estimates by $7.47 million.

For Q4 2017, Clearwater’s earnings before interest, taxes, depreciation, and amortization (EBITDA) were $52.2 million compared to $49.3 million for Q4 2016. The Company’s adjusted EBITDA for the reported quarter was $57.5 million, up 6.3% compared to adjusted EBITDA of $54.1 million in the prior year’s same quarter, primarily due to higher paperboard pricing and volumes, improved consumer product mix, and lower general maintenance costs.

Clearwater’s GAAP net earnings were $80.9 million, or $4.88 per diluted share, for Q4 2017 compared to net earnings of $9.3 million, or $0.56 per diluted share, for Q4 2016. The increase in net earnings primarily consisted of a benefit related to recent tax law changes. Excluding this tax benefit and certain other non-core items, the Company’s reported quarter adjusted net earnings were $14.4 million, or $0.87 per diluted share, versus adjusted net earnings of $13.8 million, or $0.82 per diluted share, for the year earlier comparable quarter. Clearwater’s earnings fell short of Wall Street’s expectations of $0.88 per share.

Segment Results

During Q4 2017, Clearwater’s net sales in the Consumer Products segment were $234.7 million, down 3.1% compared to Q4 2016 net sales of $242.1 million, primarily due to lower parent roll sales resulting from the shutdown of the two higher cost paper machines at the Neenah, Wisconsin mill at the end of 2016 and a 3.3% drop in retail tons sold in the reported quarter.

For Q4 2017, the Consumer Products segment’s operating income and margin decreased to $7.5 million and 3.2% compared to $13.8 million and 5.7%, respectively, in Q4 2016. The segment’s reported quarter adjusted operating income and margin of $11.4 million and 4.9% were down from $17.0 million and 7.0% for the year earlier corresponding quarter. Adjusted EBITDA for the segment decreased from $32.0 million in Q4 2016 to $25.8 million in Q4 2017, due to higher input costs for external pulp, transportation, and packaging supplies.

During Q4 2017, Clearwater’s total tissue sales volumes of 87,313 tons dropped 9.9% and converted product cases shipped were 12.7 million, down 1.7%, each compared to Q4 2016. The average tissue net selling prices increased 6.2% or $155 per ton on a y-o-y basis in Q4 2017, due to improved product mix.

Clearwater’s net sales in the Pulp and Paperboard segment were $202.1 million for Q4 2017, up 10.2% compared to net sales of $183.4 million in Q4 2016. The increase was primarily due to higher paperboard prices and shipment volume, including sales from the operations of Manchester Industries acquired in December 2016.

For Q4 2017, the segment’s operating income increased $7.0 million to $34.6 million compared to operating income of $27.6 million for Q4 2016. Pulp and paperboard’s operating margin increased to 17.1% in the reported quarter from 15.0% in the prior year’s same quarter. Adjusted EBITDA for the segment was $44.5 million in Q4 2017 compared to $35.0 million in Q4 2016. These increases were primarily due to lower costs for wood fiber, lower maintenance costs at Arkansas, lower wage and benefits expense, and lower operating supply costs.

Paperboard’s sales volumes increased 5.4% to 210,098 tons in Q4 2017 compared to 199,415 tons in Q4 2016. Paperboard’s net selling prices increased 4.6% to $962 per ton on a y-o-y basis.

Cash Matters

For FY17, Clearwater generated $178 million in operating cash flow versus $173 million in FY16. The Company ended Q4 2017 with $60 million unrestricted cash and had $137 million available under its revolver facility.

Stock Performance Snapshot

February 27, 2018 – At Tuesday’s closing bell, Clearwater Paper’s stock marginally declined 0.65%, ending the trading session at $38.00.

Volume traded for the day: 101.14 thousand shares, which was above the 3-month average volume of 98.90 thousand shares.

After yesterday’s close, Clearwater Paper’s market cap was at $625.40 million.

Price to Earnings (P/E) ratio was at 23.03.

The stock is part of the Consumer Goods sector, categorized under the Paper & Paper Products industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 491187

EX-Dividend Schedule: Dominion Energy Raised its Dividend by 10% and Will Trade Ex-Dividend on March 01, 2018

LONDON, UK / ACCESSWIRE / February 28, 2018 / Active-Investors has a free review on Dominion Energy, Inc. (NYSE: D) following the Company’s announcement that it will begin trading ex-dividend on March 01, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on February 28, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on D:

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Dividend Declared

On January 26, 2018, Dominion Energy’s Board of Directors declared a quarterly dividend of $0.835 per share of common stock. The Company’s dividend is payable on March 20, 2018, to shareholders of record at the close of business March 02, 2018. On December 15, 2017, Dominion Energy’s Board of Directors established a 2018 dividend of $3.34 per share of common stock, up from $3.035 per share in FY17, or a 10% increase.

Dominion Energy’s indicated dividend represents a yield of 4.42%, which is substantially higher than the average dividend yield of 2.50% for the Utilities sector. The 2018 dividend increase marked the 15th consecutive year in which the Company’s annual dividend rate rose from the previous year’s rate.

Dividend Insight

Dominion Energy has a dividend payout ratio of 82.5%, which means that the Company spends approximately $0.83 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, Dominion Energy is forecasted to report earnings of $4.28 for the next year, which is considerably above the Company’s annualized dividend of $3.34 per share.

Dominion Energy’s net cash from operating activities from continuing operations was $4.57 billion for FY17 compared to $4.13 billion for FY16. As of December 31, 2017, the Company’s cash and cash equivalents totaled $120 million compared to $261 million as on December 31, 2016. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development for Dominion Energy

On February 23, 2018, Dominion Energy announced that it will hold its annual meeting of shareholders on May 09, 2018, at 9:30 a.m. ET. The Company noted that details of the annual meeting will be included in the proxy statement delivered to shareholders in late March.

About Dominion Energy, Inc.

Dominion Energy is one of the United States’ largest producers and transporters of energy, with a portfolio of approximately 25,900 megawatts of electric generation, 14,800 miles of natural gas transmission, gathering, and storage pipeline, and 6,600 miles of electric transmission lines. The Company operates one of the nation’s largest natural gas storage systems with 1 trillion cubic feet of storage capacity and serves nearly 6 million utility and retail energy customers.

Stock Performance Snapshot

February 27, 2018 – At Tuesday’s closing bell, Dominion Energy’s stock fell 2.28%, ending the trading session at $74.26.

Volume traded for the day: 4.10 million shares, which was above the 3-month average volume of 3.90 million shares.

After yesterday’s close, Dominion Energy’s market cap was at $47.71 billion.

Price to Earnings (P/E) ratio was at 21.99.

The stock has a dividend yield of 4.50%.

The stock is part of the Utilities sector, categorized under the Electric Utilities industry.

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Frontline Ltd. to Host Earnings Call

NEW YORK, NY / ACCESSWIRE / February 28, 2018 / Frontline Ltd. (NYSE: FRO) will be discussing their earnings results in their Q4 Earnings Call to be held on February 28, 2018, at 9:00 AM Eastern Time.

To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/company/1612.

To receive updates for this company you can register by emailing info@investornetwork.com or by clicking get investment info from the company’s profile.

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Clean Harbors, Inc. to Host Earnings Call

NEW YORK, NY / ACCESSWIRE / February 28, 2018 / Clean Harbors, Inc. (NYSE: CLH) will be discussing their earnings results in their Q4 Earnings Call to be held on February 28, 2018, at 9:00 AM Eastern Time.

To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/company/3043.

To receive updates for this company you can register by emailing info@investornetwork.com or by clicking get investment info from the company’s profile.

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MasTec, Inc. to Host Earnings Call

NEW YORK, NY / ACCESSWIRE / February 28, 2018 / MasTec, Inc. (NYSE: MTZ) will be discussing their earnings results in their Q4 Earnings Call to be held on February 28, 2018, at 9:00 AM Eastern Time.

To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/company/1215.

To receive updates for this company you can register by emailing info@investornetwork.com or by clicking get investment info from the company’s profile.

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AG Mortgage Investment Trust, Inc. to Host Earnings Call

NEW YORK, NY / ACCESSWIRE / February 28, 2018 / AG Mortgage Investment Trust, Inc. (NYSE: MITT) will be discussing their earnings results in their Q4 Earnings Call to be held on February 28, 2018, at 9:30 AM Eastern Time.

To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/company/1155.

To receive updates for this company you can register by emailing info@investornetwork.com or by clicking get investment info from the company’s profile.

About Investor Network

Investor Network (IN) is a financial content community, serving millions of unique investors market information, earnings, commentary and news on the what’s trending. Dedicated to both the professional and the average traders, IN offers timely, trusted and relevant financial information for virtually every investor. IN is an Issuer Direct brand, to learn more or for the latest financial news and market information, visit www.investornetwork.com. Follow us on Twitter @investornetwork.

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