Dallas, TX -- (SBWIRE) -- 03/18/2013 --
BreitBurn Energy Partners L.P.(NASDAQ:BBEP) shares gained 1.63% and closed at $19.99 in the previous trading session. The company, on Feb. 28, announced financial and operating results for its fourth quarter and full year 2012 as well as public guidance for its expected performance in 2013, excluding any future acquisitions. Net loss attributable to the Partnership, including the effect of unrealized losses on commodity derivative instruments, was $40.8 million, or $0.56 per diluted common unit, in 2012 compared to net income of $110.5 million, or $1.79 per diluted common unit, in 2011. Total production was 8,318 MBoe in 2012, an increase of 18% from 2011 and the highest in the Partnership's history.
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Cimarex Energy Co(NYSE:XEC) shares climbed 1.61% and closed at $ 78.10. The Board of Directors of the company on March 4, 2013 declared a regular quarterly cash dividend on its common stock of 14 cents-per-share. The dividend will be payable on June 3, 2013, to stockholders of record on May 15, 2013. The quarterly dividend was increased from 12 cents-per-share. This was the fourth consecutive year that the company has raised its cash dividend.
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BRE Properties Inc(NYSE:BRE) shares increased 1.61% to $49.90. The company will begin trading ex-dividend on March 13, 2013. A cash dividend payment of $0.395 per share is scheduled to be paid on March 29, 2013. Shareholders who purchased BRE stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 2.6% increase over the prior quarter.
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Hospira, Inc.(NYSE:HSP) shares gained 1.61% and closed at $32.25. The company, on Mar. 1, announced that Royce R. Bedward has been appointed corporate vice president, general counsel and secretary, effective immediately. In his new role, Mr. Bedward will oversee the company's legal department, including litigation, benefits, labor and employment, intellectual property, governance, securities and transactional matters.
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