Spectra Energy Corp (NYSE:SE) [Trend Analysis] knocking active thrust in leading trading session, shares a decrease of -0.15% to 42.21 with around 247281 shares have changed hands in this session. Spectra Energy Corp (SE) reported that a 14-cent increase in its annual dividend on its common stock to $1.76 per share, or $0.44 on a quarterly basis. The quarterly cash dividend declared by Spectra Energy on its common stock for the first quarter of 2017 is payable on March 1, 2017, to shareholders of record at the close of business on February 15, 2017.
“Delivering on the commitment we made to our investors, which is underlined by our reliable cash flows, we are again increasing our annual dividend by 14 cents, to $1.76 per share,” said Greg Ebel, chief executive officer, Spectra Energy. “Looking forward, our dividend growth projections are further enhanced upon completion of our proposed merger with Enbridge Inc. Including ‘s reported dividend increase, we anticipate investors of the combined company to benefit from an annualized 15 percent dividend increase in 2017, and then 10 to 12 percent annual increases through at least 2024.” The stock is going forward its fifty-two week’s low with 90.13% and lagging behind from its 52-week’s high price with -3.13%.
Similar, the positive performance for the quarter recorded as 1.97% and for the year was 77.47%, while the YTD performance remained at 2.87%. SE has Average True Range for 14 days of 0.67.
Gartner, Inc. (NYSE:IT) [Trend Analysis] retains strong position in active trade, as shares scoring 1.86% to $92.24 in a active trade session, while looking at the shares volume, around 810690 shares have changed hands in this session. Gartner, Inc. (IT) decided to acquire CEB Inc. (CEB) for about $2.6 billion in cash and stock, the two companies said Thursday. The transaction has a total enterprise value of approximately $3.3 billion, including Gartner’s assumption of approximately $0.7 billion in CEB net debt. Gartner is an information technology research and advisory company, while CEB is a provider of best practice and talent management insights.
The transaction creates a global research and advisory company for all major functions in the Enterprise. Under the terms of the deal, CEB shareholders will receive $54.00 in cash and 0.2284 shares of Gartner common stock for each share of CEB common stock they own, implying 70 percent cash and 30 percent stock consideration for the offer.
The firm has institutional ownership of 92.00%, while insider ownership included 3.10%. IT attains analyst recommendation of 2.40 with week’s performance of -10.75%. Investors looking further ahead will note that the Price to next year’s EPS is 12.35%.