Chesapeake will pay dividend
Chesapeake Energy Corp. will pay a quarterly dividend of 8.75 cents a share on its common stock on April 30, the company announced Tuesday. Chesapeake also will pay dividends ranging from $1.125 to $14.375 a share on its outstanding convertible preferred stock. Those dividends, depending on the stock issue, will be paid May 15 or June 16.
OKC lauded for new businesses
Oklahoma City is one of the best cities in the U.S. to start a business, according WalletHub.com. WalletHub, which describes itself as the leading personal finance social network, ranked Oklahoma City as the 12th best on its 2014 report on the Best and Worst Cities to Start a Business. The report analyzed entrepreneurial opportunities in the 150 largest cities using 14 unique metrics ranging from the affordability of office space to the educational background of the local labor force. Based on WalletHub’s findings, Oklahoma City ranks among the country’s best corporate incubators, in large part because of the city’s hardworking population, the state’s low corporate tax rates and the ease with which local businesses are able to obtain financing.
BLUEKNIGHT ENERGY PARTNERS LP
Blueknight Energy Partners LP on Tuesday reported net income of $5.3 million for the fourth quarter. That is down slightly from the same period of 2012, when Blueknight earned $5.5 million. Blueknight’s full-year income slipped from $31.6 million to $28 million in part because of a $6.4 million asset impairment charge related to discontinued operations. The partnership’s adjusted earnings were up 11.9 percent for the year. “The financial success in 2013 was in large measure due to the completion of nearly $70 million in expansion projects including the southern Oklahoma Arbuckle and Phase I of the West Texas Pecos River pipeline projects,” CEO Mark Hurley said. “Our new credit facility completed midway through 2013 gives us additional financial flexibility and capacity to pursue opportunities to grow our existing businesses through expansion and acquisition.”
From Staff Reports