Canada’s Shoreline Energy announced on Wednesday that it will delay its declaration of dividends until it has closed its joint venture with American investment firm Acceleration Resources, LLC. The two companies have been in talks to create a new joint facility in the Niobrara shale formation and the deal is expected to close on January 31, 2014.
Shoreline’s target dividend payout ratio for each financial year is not less than 25 percent and not greater than 65 percent of annual net free cash flow.
7 Mass Transit Stocks to Profit from Public Transportation
Americans living in urban areas are driving less. The number of car-owning households is continuing to drop. The American labor force is at its smallest size in 35 years. Americans are relying on private cars less, and on public transit more. It’s time to invest in the industry.