On Friday, Shares of Laredo Petroleum Inc (NYSE:LPI), subtract -1.33% and closed at $13.34 in the last trading session. The last trading range of the stock ranges between $13.19 and $13.67. The company’s Market capitalization is $3.16 Billion with the total Outstanding Shares of 240.12 million. During the 52-week trading session the minimum price at which share price traded, registered at $3.90 and reached to max level of $14.19. Laredo Petroleum, Inc. operates as an independent energy company in the United States. It focuses on the acquisition, exploration, and development of oil and natural gas properties, in addition to the transportation of oil and natural gas mainly in the Permian Basin in West Texas. As of December 31, 2015, it had interests in the 135,408 net acres in the Permian Basin; and had total proved reserves of 125,698 thousand barrels of oil equivalent. The company was formerly known as Laredo Petroleum Holdings, Inc. and changed its name to Laredo Petroleum, Inc. in December 2013.
McDonald’s Corporation (NYSE:MCD), dropped -0.41% and closed at $113.45 in the last trading session. The last trading range of the stock ranges between $113.22 and $114.34. The company’s Market capitalization is $96.85 Billion with the total Outstanding Shares of 853.30 million. During the 52-week trading session the minimum price at which share price traded, registered at $101.60 and reached to max level of $131.96. On September 28, 2016, McDonald’s Board of Directors declared a quarterly cash dividend of $0.94 per share of common stock payable on December 15, 2016 to shareholders of record at the close of business on December 1, 2016. This represents a 6% increase over the Company’s previous quarterly dividend and brings the fourth quarter dividend payout to nearly $800 million.
McDonald’s President and Chief Executive Officer Steve Easterbrook said, “I’m encouraged by the meaningful progress we’ve made against our turnaround plan and energized by the opportunities that lie ahead. Recently’s dividend increase reflects the strength and stability of our cash flow and our continued focus on driving long-term value for all stakeholders.”
McDonald’s has raised its dividend each and every year since paying its first dividend in 1976. The new quarterly dividend of $0.94 per share is equivalent to $3.76 annually. In addition, 2016 represents the final year of the Company’s three-year, $30 billion cash return to shareholders target. Through August, the Company returned a cumulative $26 billion and is on track to complete the remaining amount by the end of the year.
On the otherhand Symantec Corporation (NASDAQ:SYMC), dropped -0.36% and closed at $25.21 in the last trading session. The last trading range of the stock ranges between $25.14 and $25.37. The company’s Market capitalization is $15.64 Billion with the total Outstanding Shares of 615.59 million. During the 52-week trading session the minimum price at which share price traded, registered at $16.14 and reached to max level of $25.72. Recently at Connect 2016, Symantec a global leader in cyber security, and VMware (VMW) a global leader in cloud infrastructure and business mobility, declared the development of a planned partnership to bring together endpoint administration and threat security where Symantec joins the VMware Mobile Security Alliance.
Effective cyber security requires understanding and leveraging the most recent in information intelligence, machine learning, behavior analysis, zero-day threats and big data. It is crucial to bring this type of intelligence into mobile security as devices and apps have increasingly become the target for cyber attacks ranging from malware to ransomware. In the 2016 Internet Security Threat Report, Symantec stated that new mobile vulnerabilities raised by 214 percent in 2015. This validates the need to complement threat intelligence with comprehensive endpoint administration to achieve end-to-end security from the device to inside the data center.
To address the challenges of raised vulnerabilities, Symantec and VMware plan to integrate their cyber security and endpoint administration technologies. Symantec and VMware will be working to facilitate organizations to have the ability to leverage advanced machine learning techniques through Symantec’s Global Intelligence Network with integrated identity administration and unified endpoint administration via the VMware AirWatch compliance engine.
Symantec and VMware look forward to this unique partnership that will merge cutting edge threat intelligence with industry leading enterprise mobility administration.