Unit Corporation (UNTC)
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ALL to Sell Group Health Unit, Intensifies Focus on Core Operations
Allstate is set to divest its Group Health business to Nationwide for $1.25 billon. This divesture is likely to boost deployable capital by $0.9 billion while adversely impacting the insurer's ROE by 75 bps.
BASF's Personal Care Unit Unveils Innovative Technology for Retinol
Several in vitro and ex vivo studies undertaken by BASFY demonstrate that VitaGuard A improves retinol stability in cosmetic formulations.
23andMe Reportedly Considers Selling Lemonaid Telehealth Unit
23andMe is reportedly considering the sale of Lemonaid Health, its telehealth operation. The consumer genetic testing kit company acquired Lemonaid in 2021 for $400 million and is now weighing a sale, per a Friday (Jan. 17) Business Insider report that cited sources familiar with the matter.
BASF Coatings Unit Partners With BMW Group for Aftersales Network
Collaboration between BASFY and BMW Group is to provide refinish solutions to 50 markets where BMW Group is not present with its private label.
Lockheed's Unit Secures a Contract to Aid AEGIS Combat System
LMT's unit, Rotary and Mission Systems, secures a modification contract involving the AEGIS combat system.
DuPont Scraps Plan to Shed Water Unit
Chemicals and materials producer DuPont (DD) on Thursday changed its plans to split into three separate companies.
Unit Corporation: Natural Gas Prices Help Improve Projected Dividend Coverage
Unit declared a $2 per share special dividend for Q4 2024 and intends to continue maintaining a $1.25 per share quarterly dividend in 2025. Improved natural gas prices boosts Unit's projected dividend coverage to slightly above 1.0x in 2025 with that quarterly dividend. Longer-term dividend coverage remains more challenging due to declining production.
Huntington Expands Commercial Banking Unit With New Industry Verticals
HBAN introduces two new industry verticals. This expansion supports the bank's broader efforts to diversify and enhance its commercial banking offerings.
BB's QNX Unit Undertakes Multiple Strategic Initiatives, Stock Up 11%
BlackBerry's QNX fuels auto innovation with new digital cockpit solutions, developer support, an MSFT alliance and a joint platform with Vector and TTTech Auto.
Unit Corporation: Dividends Likely Melting Away
Unit Corporation has an extremely high 20%+ dividend yield, but this is overshadowed by an oil and gas reserve life of just over seven years. When combined with their zero undeveloped reserves, I expect their future oil and gas production will deteriorate on a year-on-year basis. Despite a healthy balance sheet, I expect their future financial performance and dividends to deteriorate in tandem with their oil and gas production.
Daily Journal 2024 Earnings Up Y/Y, Journal Technologies Unit Aids
DJCO reports strong FY 2024 results, with net income per share surging to $56.73, driven by Journal Technologies' revenue growth and marketable securities gains.
Will the Revamp of the IoT Unit to QNX Brand Boost BlackBerry Stock?
To transform its automotive and embedded system business, BB renames its IoT division to "QNX" and reintroduces the QNX brand.
