On Friday, Shares of Southwestern Energy Company (NYSE:SWN), added 4.85% and closed at $13.84 in the last trading session. The last trading range of the stock ranges between $13.24 and $13.98. Southwestern Energy Company (SWN) recently declared that an authorized committee of its Board of Directors declared a quarterly dividend of $15.625 per share on its 6.25% Series B Mandatory Convertible Preferred Stock, payable on October 17, 2016, to holders of record on October 1, 2016. This equates to $0.78125 for each depositary share, which represents a 1/20th interest in a share of the Series B preferred stock. The dividend is for the period starting on July 15, 2016 and ending on October 14, 2016.
The company has elected to pay this dividend in shares of common stock of the company to the extent permitted by the certificate of designations for the Series B preferred stock. Common shares issued will be listed and tradable on the New York Stock Exchange.
Southwest Airlines Co (NYSE:LUV), jumped 1.94% and closed at $38.89 in the last trading session. The last trading range of the stock ranges between $38.03 and $39.18. The company’s Market capitalization is $24.59 Billion with the total Outstanding Shares of 638.69 Million. Southwest Airlines Co. (LUV) recently declared that Reid Grandle, Senior Director in the Corporate Strategy Department, has been promoted to Vice President Corporate Strategy, succeeding Mike Delehant, who recently left Southwest Airlines to pursue a role with a European airline.
Since joining SWA in 2002, Delehant has served the airline in a number of leadership positions in Planned Planning and Technology. Before joining Southwest, he was a principal consultant at PricewaterhouseCoopers in Dallas.
Grandle joined Southwest in 2014 in the Financial Planning & Analysis Department. In his leadership role in Corporate Strategy, he will be responsible for Southwest’s Innovation, Data Science, and Continuous Improvement functions, in addition to play a key role in the implementation of the Company’s long-term planned plan to assist Southwest achieve its vision of being the World’s Most Loved, Most Flown and Most Profitable airline. He will report to Southwest’s Executive Vice President Strategy & Innovation Tom Nealon. To view Grandle’s Biography and Photo.