SemGroup® Corporation (NYSE:SEMG) changed -6.62% to recent value of $11. The stock transacted 1054179 shares during most recent day however it has an average volume of 945.73K shares. It spotted trading -58.93% off 52-week high price. On the other end, the stock has been noted -0.54% away from the low price over the last 52-weeks.
On Aug. 5, 2019, SemGroup® Corporation (NYSE:SEMG) notified that its Board of Directors has declared a quarterly cash dividend to common shareholders. A dividend in the amount of $0.4725 per share, or $1.89 per share annualized, will be paid on August 26, 2019 to all common shareholders of record as of August 15, 2019.
The Board of Directors also declared a dividend to holders of its 7% Series A Cumulative Perpetual Convertible Preferred Stock. The company elected, pursuant to the terms of the convertible preferred shares, to have the aggregate amount of $6.7 million that would have been payable in cash as a dividend added to the liquidation preference of such shares as a payment in kind. The payment date for the payment in kind on the shares of convertible preferred stock is August 26, 2019 and the record date is August 15, 2019.
As previously announced, SemGroup plans to hold a conference call for investors this Friday, August 9, 2019 at 11 a.m. Eastern to discuss SemGroup’s second quarter results SEMG has a gross margin of 28.20% and an operating margin of 6.20% while its profit margin remained -1.70% for the last 12 months. Its earnings per share (EPS) expected to touch remained -4.60% for this year.
The company has 81.71M of outstanding shares and 78.91M shares were floated in the market. According to the most recent quarter its current ratio was 1.4 that represents company’s ability to meet its current financial obligations. The price moved ahead of -9.34% from the mean of 20 days, -9.77% from mean of 50 days SMA and performed -26.30% from mean of 200 days price. Company’s performance for the week was -4.93%, -10.50% for month and YTD performance remained -20.17%.
Anthony Bell is a self-taught investor and follows the value investing approach to picking stocks. He possesses over 8 years of investment experience, an M.B.A. and is also certified in Risk Management Assurance. Anthony is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas. He has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Earnings News category for our site.
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