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Stock Market & Financial Investment News

News Breaks
February 7, 2013
17:48 EDTCXWCorrections 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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August 6, 2014
17:23 EDTCXWCorrections Corp. raises 2014 adjusted EPS view to $1.87-$1.93 from $1.84-$1.92
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17:21 EDTCXWCorrections Corp. sees Q4 adjusted EPS 47c-51c
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17:20 EDTCXWCorrections Corp. sees Q3 adjusted EPS 46c-48c, consensus 49c
17:20 EDTCXWCorrections Corp. reports Q2 adjusted EPS 49c, consensus 46c
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