Active Stocks News Review: Sanderson Farms, Inc. (NASDAQ:SAFM), American Midstream Partners LP (NYSE:AMID)  

Amid an Afternoon exchange, Shares of Sanderson Farms, Inc. (NASDAQ:SAFM), climbed 0.74%, and is currently exchanging at $69.53.


Sanderson Farms, Inc., an incorporated poultry handling organization, produces, procedures, showcases, and disseminates new, solidified, and arranged chicken items in the United States. The organization offers ice pack, chill pack, mass pack, and solidified chicken in entire, cut-up, and boneless shape essentially under the Sanderson Farms brand name to retailers, wholesalers, and easygoing feasting administrators in the southeastern, southwestern, northeastern, and western United States, notwithstanding to clients who exchange solidified chicken in the fare markets.

Sanderson Farms, announced that its Board of Directors has proclaimed a customary quarterly money profit of $0.22 (twenty-two pennies) per offer. The Board has additionally approved a unique money profit installment of $0.50 (fifty pennies) per offer. Both the standard quarterly money profit and the extraordinary money profit are payable on October 13, 2015, to stockholders of record on September 29, 2015. Installment of the normal quarterly money profit will stay subject to Board endorsement every quarter.

Remarking on the declarement, Joe F. Sanderson, Jr., chairman and CEO of Sanderson Farms, Inc., said, “We are content with the Board’s choice to sanction these profit installments and pleased to impart our money related accomplishment to our shareholders. Our strong working execution and solid asset report have offered the chance to pay another uncommon profit for financial 2015. This activity shows our trust in Sanderson Farms’ development opportunities and fortifies our dedication to make esteem for our shareholders.”

Shares of American Midstream Partners LP (NYSE:AMID), plunged – 0.10%, and is presently exchanging at $10.47.

American Midstream Partners, LP takes part in social affair, treating, handling, and transporting common gas, fractionating regular gas fluids (NGLs), and putting away claim to fame synthetic items in the Gulf Coast and Southeast districts of the United States.

American Midstream Partners, pronounced that it valued an endorsed open offering of 7,500,000 regular units speaking to constrained accomplice intrigues at $11.31 per normal unit. The offering is unsurprising to close on September 15, 2015. The Partnership likewise conceded the supporters a 30-day choice to buy up to 1,125,000 extra normal units.

The Partnership plans to utilize the net continues from this offering to store a buy’s segment cost of a value enthusiasm for a Delaware constrained obligation organization that will by implication possess a Delta’s segment House skimming creation framework and related pipeline foundation (the “Delta House Acquisition”). In the occasion the Partnership does not perfect the Delta House Acquisition, the Partnership will utilize the net continues of this offering to reimburse an exceptional’s segment borrowings under its credit office and for general association purposes. On the off chance that the guarantors practice their choice to buy extra basic units, the Partnership plans to utilize the greater part of the net continues from the offer of extra normal units to reimburse an extraordinary’s bit borrowings under its credit office.

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About the Author

Tanya Jones
Tanya is a senior reporter for JBH News Sports & Tech section. She graduated from York College, City University of New York in 2012.