News Breaks |
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| February 7, 2013 |
| 17:48 EDT |  | CXW | Corrections Corp. to declare $650M-$700M special dividend
In order to comply with REIT rules, CCA's board plans to declare a special one-time dividend to distribute earnings and profits accumulated prior to our REIT election of approximately $650M-$700M during 2013. The company intends to pay the dividend with a combination of approximately 20% cash and 80% common stock. The company estimates it will incur approximately $25M in one-time conversion expenses, excluding any costs associated with issuing new debt, refinancing existing debt or modifying existing debt agreements. We also expect to record a one-time income tax benefit of $115M to $135M in 2013 as a result of the reversal of certain net deferred tax liabilities. |
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News For CXW From The Last 14 Days Check below for free stories on CXW the last two weeks. |
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| May 16, 2013 |
| 16:20 EDT |  | CXW | Corrections Corp. sees FY13 adjusted EPS $1.91-$1.98, consensus $2.02
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| 16:19 EDT | | CXW | Corrections Corp. sees Q2 adjusted EPS 49c-50c, consensus 52c
Sees Q2 normalized FFO 66c-68c. Sees Q2 adjusted FFO 65c-66c. |
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| 16:18 EDT |  | CXW | Corrections Corp. to issue approximately 13.88M new shares of common stock
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| May 8, 2013 |
| 16:45 EDT | | CXW | Corrections Corp. sees Q2 adjusted EPS 52c-53c, consensus 51c
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| 16:45 EDT | | CXW | Corrections Corp. raises FY13 adjusted EPS view to $2.08-$2.16 from $2.05-$2.15
Consensus $2.00. |
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| 16:43 EDT | | CXW | Corrections Corp. reports Q1 adjusted EPS 50c, consensus 47c
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| 15:48 EDT | | CXW | London company reports 5% passive stake in Corrections Corp.
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