CorEnergy Infrastructure (CORR) will suspend dividend payments
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CorEnergy Provides Update on Business Activities and Dividends
February 6, 2023 7:30 AM UTCExpects to Release Full-Year 2022 Results and 2023 Outlook on March 7, 2023
KANSAS CITY, Mo.--(BUSINESS WIRE)-- CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) ("CorEnergy" or the "Company") announced today that its Board of Directors has determined the Company will suspend dividend payments on its 7.375% Series A Cumulative Redeemable Preferred Stock and the Companys common stock.
After careful consideration, the Board agreed with managements recommendation to suspend dividends due to a combination of declining volumes and increased costs in our California systems. As a result, we filed for a 36% rate increase on our SPB line in... More
