Green Mountain Power Increases Quartely Dividend

first_imgDirectors of Green Mountain Power Corporation(NYSE:GMP) announced a quarterly cash dividend of $0.19 per share onthe utility’s Common Stock, payable December 31, 2002, to holders ofrecord at the close of business on December 14, 2002. The new indicatedannual dividend rate is $0.76, an increase over the previous indicatedannual rate of $0.55. The increased dividend payment is contingent on thesuccessful issuance of long-term debt, which is expected to be completedon or about December 16, 2002.The Company has arranged to issue $42 million in first mortgagebonds, with an average life of 12 years. This transaction, which willreplace substantially all of the Company’s short-term and intermediateterm debt, will satisfy the conditions set by the Vermont Public ServiceBoard for the Company to increase its dividend.In 1997 and 1998, faced with difficult financial results, theCompany reduced its dividend. “We have maintained an indicated annualdividend of 55 cents per share as we worked to restore the Company tofinancial health,” said Christopher L. Dutton, President and ChiefExecutive Officer. “With solid financial results achieved in 2001 and2002 following the Vermont Public Service Board’s January 2001 orderapproving a rate settlement that provided for full power supply costrecovery in rates, with the successful repurchase of common stock in thelast month, and with our scheduled issuance of long-term debt later thismonth, we now conclude that we are on solid ground to increase thedividend. The Company believes that, in light of the general practice inthe utility industry, it should pay out 50 percent to 60 percent ofanticipated earnings in dividends. Over the course of the next severalyears, we intend to increase our dividend in a measured, consistent mannerto this payout range, which we will sustain so long as our financialhealth seems assured. As earnings grow, of course, the opportunity forhigher dividend increases is presented.”Regular quarterly dividends of $1.1875 per share were also declaredpayableMarch 1, 2003, to holders of record at the close of business February 13,2003, of the Company’s 4.75% Class B Preferred Stock.Green Mountain Power Corporation (greenmountainpower.biz) is aVermont-based energy services company serving 87,000 electric customers.last_img read more

Heavy rain costs Australia $300 000

first_imgA WASHED out final day of the third Test in Hamilton will see South Africa jump ahead of Australia in the International Cricket Council’s Test rankings, earning the Proteas a bonus $300 000 windfall.The tourists were set to resume at 5-80 on the fifth morning, still trailing New Zealand by 95 runs as the Black Caps pushed for a victory that would have levelled the series.But torrential and persistent rain at Seddon Park meant no play was possible and the Proteas escaped with the draw they needed to move ahead of Australia and into second place in the ICC rankings.South Africa will earn a $500 000 bonus for being in second place by the April 1 cut-off date, while Australia’s drop to third means they will pick up just $200 000.India, who strengthened their grip on top spot with a 2-1 series win over Australia, will earn $1M for finishing No.1.Proteas skipper Faf du Plessis admitted his side were fortunate to escape the match with a draw.“New Zealand outplayed us in this game,” said du Plessis, who led his side to a famous series win in Australia earlier in the summer.“They can count themselves very unlucky. They outplayed us in every department.”The draw is also a cruel blow to New Zealand, who will now drop from fifth to sixth spot, behind Pakistan.last_img read more

Joshua Tells Wilder To Put Up or shut Up, Hearn Confirms…

first_img“So, it seems to me there’s interest but it’s not a serious interest.“So, what we’ve decided to do is, Eddie (Hearn) is going to America for the Danny Jacobs fight, and he’s contacting the champions that are interested in fighting.“I’ll have to put my foot forward and start making the offers and try to secure a fight with the likes of Deontay Wilder or Joseph Parker.”Hearn is planning to get the wheels in motion for a fight with Wilder, but added that a bout with WBO champion Joseph Parker remains a possibility with the New Zealander’s representatives claiming earlier on Wednesday that dialogue has begun.Speaking to Sky Sports, Hearn said: “I’m sitting down with [Wilder’s representatives] Shelly Finkel and Al Haymon later this week to have our first conversations regarding Joshua versus Wilder.“Like all these big fights it’s never easy but hopefully we can find somewhere between reality and fantasy that suits all.“I had a good meeting with AJ (on Tuesday) – it’s his goal to try and become undisputed heavyweight champion of the world by the close of 2018 so, at present, to do that we must go through Parker and Wilder.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Anthony Joshua has told heavyweight rival Deontay Wilder that he will not negotiate in public as his promoter Eddie Hearn confirmed talks over a much-anticipated fight will take place this week.WBA and IBF champion Joshua has been on a collision course with WBC title-holder Wilder throughout their respective rises to the top of the division.American Wilder called out Joshua following his first-round destruction of a hapless Bermane Stiverne on Saturday, but the powerhouse Briton believes his rival has not shown a serious interest in fighting him.“We [Joshua and Hearn] had a meeting and I said ‘are there any offers that have come your way?’ because Wilder seems to say that I am ducking him and that he is really interested in fighting me,” he said to iFL TV.“There’s not been any offers to say ‘we’ve got this venue free on this day, we’ve this broadcaster and that broadcaster interested in taking the fight and these are the terms and conditions of the fight’ – I haven’t had anything.last_img read more

Kambi powers JSC Bulgaria’s Molodovan adventure

first_img Kambi and DraftKings agree on final closure terms July 24, 2020 Kambi takes full control of LeoVegas sportsbook portfolio August 26, 2020 Share Stockholm-listed sports betting platform supplier Kambi Group Plc has strengthened its partnership with Bulgarian National Lottery operator JSC securing an ‘extended sportsbook agreement’.The enhanced partnership will see Kambi continue to act as lead sportsbook supplier of JSC’s flagship 7777.bg brand within the Bulgarian market, a contract Kambi has maintained since 2017.  In addition, JSC has commissioned Kambi to support its planned entry into the Moldovan market this summer, providing its multi-channel sportsbook products and systems.Updating stakeholders, Milen Ganev, Managing Partner of National Lottery JSC commented: “When replacing our previous sports betting supplier with Kambi, we did so with the goal of becoming a market leader in Bulgaria, a position we’ve achieved well ahead of time.“This triumph, coupled with Kambi’s scalable technology, gives us the freedom to expand into new markets, beginning with Moldova and the Moldovan National Lottery monopoly later this year. We therefore decided to extend our contract with Kambi, enabling us to enter the next chapter of our exciting growth story with confidence.”In 2016, Molodova’s government passed legislation regulating gambling activities under a national monopoly framework.JSC, a syndicated member of the World Lottery Association, would win a 15-year tender  commissioned by  Moldova’s Public Property Agency to run both its national lottery product and a brand new online and retail sportsbook, as part of a public-private partnership.Moving forward, Kambi will support National Lottery JSC by providing its multi-channel Sportsbook product, with plans to go live online in the next few months, followed by a retail rollout where the Kambi Sportsbook will be available to players in local stores and soon-to-be developed sports betting shops.Kristian Nylén – KambiBacking JSC plans, Kristian Nylén, CEO of Kambi, said: “Kambi’s track record of springboarding partners to the next level of their sportsbook journey is unrivalled, and in National Lottery JSC we have yet another example of how operators can grow using our Sportsbook.“For the 7777.bg brand to be among the market leaders in Bulgaria within 18 months of partnership is testament to the quality of the Kambi Sportsbook, as well as the National Lottery’s marketing expertise.“I’m delighted we’ve agreed to take the partnership to Moldova, where I’m confident players will enjoy our exciting sports betting experiences in both the online and retail environments.” StumbleUpon Related Articles Share Submit Kambi takes control of Churchill Downs BetAmerica sportsbook August 28, 2020last_img read more

Galatasaray part company with Fatih Terim

first_imgGalatasaray have decided to fire manager Fatih Terim. The former Turkey international team manager has been relieved of his duties after a 6-1 drubbing by Real Madrid in the Champions League and some less than impressive domestic performances.It is understood that ‘Cim Bom Bom’ had offered Terim a brand new two year deal, but he decided against signing the proposed contract.“After Fatih Terim’s rejection of our two-year contract offer, the Galatasaray board have been obligated to find new solutions”, Galatasaray said in a statement.“We thank Fatih Terim for his contributions and we would like everyone to know that we will be proud of his future achievements with Turkish national team.”last_img read more