Corrections Corp of America (CXW) Offers FFO Guidance on Dividend Policy Conference Call

February 28, 2012 2:18 PM EST
Get Alerts CXW Hot Sheet
Price: $20.31 --0%

EPS Growth %: +7.8%

Financial Fact:
Net income: 0.47

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Shares of Corrections Corp of America (NYSE: CXW) have been volatile over the last few minutes as the company is currently doing a conference call to discuss its new dividend policy.

An exec said the company is looking for 2012 adjusted-FFO of $237-$253 million. Calls its growth opportunities "compelling" and sees the dividend growing with earnings.

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