Notable News Recap: Kindred Healthcare, Inc. (NYSE:KND), Rice Energy Inc (NYSE:RICE)

On Friday, Shares of Kindred Healthcare, Inc. (NYSE:KND), added 6.50% and closed at $6.55 in the last trading session. The last trading range of the stock ranges between $6.10and $6.55. Kindred Healthcare, Inc. (“Kindred” or the “Company”) (KND) recently declared that its Board of Directors approved the payment of a cash dividend of $0.12 per common share to its common shareholders. The dividend will be paid on December 9, 2016 to common shareholders of record as of the close of business on November 21, 2016.

Kindred also recently declared that its Board of Directors has approved payment in cash of the planned December 1, 2016 installment payment of $18.75 per share of the Company’s Mandatory Redeemable Preferred Stock, Series A. The installment payment will be paid on December 1, 2016 to the preferred shareholders of record as of 5:00 p.m., New York City time, on November 15, 2016.

Rice Energy Inc (NYSE:RICE), jumped0.32 % and closed at $22.13 in the last trading session. The last trading range of the stock ranges between $21.40 and $22.47. The company’s Market capitalization is $4.50 Billion with the total Outstanding Shares of 202.59million. Rice Midstream Partners LP (RMP) (“RMP” or the “Partnership”) recently stated third quarter 2016 financial and operating results. Highlights to date include:

Average throughput of 957 MDth/d, a 43% increase over the prior year quarter and a 2% increase relative to second quarter 2016

Net income of $25 million; net cash offered by operating activities of $34.8 million

Adjusted EBITDA(1) of $32.1 million, a 106% increase over the prior year quarter

Distributable cash flow (“DCF”)(1) of $28.9 million, resulting in DCF coverage ratio of 1.17x(2)

Accomplished $600 million acquisition of midstream assets and acreage dedication covering 80,000 core dry gas Marcellus acres in Greene County, Pennsylvania in October

Accomplished private placement of 20,930,233 common units for $450 million of gross proceeds in October

Raised revolving credit facility to $850 million from $450 million in October

Raised core acreage dedication by 67% to about 201,000 acres(3)

Raised third quarter distribution to $0.2370 per common unit, a boost of 22% over the prior year quarter and 6% relative to second quarter 2016

Exited the quarter with strong liquidity position of $687 million(4) and low leverage ratio of net debt to LTM Adjusted EBITDA of 1.2x(4)(5)

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