CorEnergy Infrastructure (CORR) Tops Q2 EPS by 8c

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Go back to CorEnergy Infrastructure (CORR) Tops Q2 EPS by 8c

CorEnergy Releases Second Quarter 2015 Results

August 10, 2015 9:03 PM EDT

KANSAS CITY, Mo.--(BUSINESS WIRE)-- CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) (CorEnergy or the Company) today announced financial results for the quarter ended June 30, 2015.

Second Quarter Highlights and Subsequent Events

Acquired Grand Isle Gathering System (GIGS) for total consideration of $259 million, diversifying portfolio of energy infrastructure Announced intention to increase common stock dividend 11.1% to $0.15 per share quarterly ($0.60 annualized) Expanded capital structure through new convertible debt issue, follow-on equity offering and larger credit facility Declared common stock dividend of $0.135 per share ($0.54... More