Kellogg (K) Declares $0.54 Quarterly Dividend; 3.1% Yield

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Go back to Kellogg (K) Declares $0.54 Quarterly Dividend; 3.1% Yield

Kellogg (K) PT Raised to $77 at Piper Jaffray

February 15, 2018 6:05 AM EST

Piper Jaffray raised its price target on Kellogg (NYSE: K) to $77.00 (from $72.00) while maintaining a Neutral rating.

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Kinross Gold (KGC) Buys Power Plants in Brazil

February 14, 2018 5:01 PM EST

Kinross Gold Corporation (NYSE: KGC) (Kinross) is pleased to announce that its wholly-owned subsidiary, Kinross Brasil Mineraçao, has agreed to acquire two hydroelectric power plants in Brazil from a subsidiary of Gerdau SA (NYSE: GGB) (Gerdau) for $257 million1. The two plants are expected to secure a long-term supply of power for Kinross Paracatu mine, resulting in lower production costs over the life of mine.

Kinross expects to fund the acquisition by pursuing debt financing of approximately $200 million, with the balance from existing liquidity, which totalled approximately $2.6 billion at year-end... More