Yahoo Finance's Julia La Roche sits down with executive chairman and former CEO of Starbucks Howard Schultz
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Houston-based Harvest Natural Resources Inc. (HNR) plans to stop trading after the close of business May 4 and begin dissolving shortly thereafter. The company also will pay its previously announced liquidating distribution — a cash dividend of $5.75 per share — on May 4. The dividend will be paid to stockholders of record as of April 24, which is when the stock began trading on a due bill basis rather than an ex dividend basis.
Harvest Natural Resources Inc. (HNR) is moving closer to dissolving after closing an asset sale and declaring a cash dividend this week. The upstream energy company announced on April 13 that the $5.75-per-share dividend will be paid to all holders of record as of April 24. Soon after the dividend is paid, the company’s common stock will cease trading on the New York Stock Exchange.
On a per-share basis, the Houston-based company said it had net income of $9. Losses, adjusted to account for discontinued operations, came to 52 cents per share. For the year, the company reported net ...