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Stock Market & Financial Investment News

News Breaks
February 7, 2013
17:32 EDTCXWCCA authorizes the company to elect to qualify as REIT
CCA, America's leader in partnership corrections, announced that its Board of Directors has unanimously authorized the Company to elect to qualify as a Real Estate Investment Trust, or REIT for the taxable year commencing January 1. This decision follows the receipt of a favorable Private Letter Ruling, or PLR, from the IRS, and completion of the internal reorganization previously announced. CCA has also received an opinion from Latham & Watkins LLP, which advised CCA on its REIT conversion that CCA qualifies as a REIT.
News For CXW From The Last 14 Days
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February 26, 2015
11:52 EDTCXWCorrections Corp. management to meet with CRT Capital
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February 25, 2015
07:46 EDTCXWCorrections Corp. Chairman to retire in 2016
Corrections Corporation of America announced that chairman, John Ferguson, has informed the company of his decision to retire from the board and not stand for re-election at the annual meeting of the company's stockholders in 2016. Ferguson, who will stand for re-election at the company's May 14, 2015 annual meeting of stockholders, plans to continue to serve as chairman to allow an orderly transition and provide the necessary time to consider a successor.
February 20, 2015
16:06 EDTCXWCorrections Corp. increases quarterly dividend 6%
Corrections Corporation of America announced that its board declared a quarterly dividend of 54c per share to be paid on April 15 to shareholders of record as of the close of business on April 2. CCA CEO Damon Hininger said, "We are pleased to declare our quarterly cash dividend of 54c per share, or $2.16 per share annually, which represents a 6% increase and reflects the overall strength of our business and our commitment to return value to our stockholders."

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