Latest Petroleum Resources Corp (PEO) Headlines The

Latest Petroleum Resources Corp (PEO) Headlines

The Zacks Analyst Blog Highlightsiscover Financial Services, Wal-Mart Stores, Target, Macy's and J. C. Penney
PR Newswire - Tue Jan 28, 8:30AM CST
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Discover Financial Services (NYSEFS-Free Report), Wal-Mart Stores Inc. (NYSE:WMT-Free Report), Target Corp. (NYSE:TGT-Free Report), Macy's Inc. (NYSE:M-Free Report) and J. C. Penney Co., Inc. (NYSE:JCP-Free Report).

Are Closed-End Funds a Big Bargain?
Dan Caplinger, The Motley Fool - Motley Fool - Sat Jan 18, 5:42PM CST
Closed-end funds aren't the best-known investments in the market, but they often come at discount prices compared to the value of their underlying holdings. Does that make closed-ends bargain opportunities? In the following video, Dan Caplinger,...

Petroleum & Resources Fund Announces Outstanding 2013 Performance
PR Newswire - Thu Jan 09, 3:00PM CST
Petroleum & Resources Corporation (NYSEEO) announces the Fund's performance for 2013.

Petroleum & Resources Fund Declares Dividend
PR Newswire - Thu Jan 09, 3:00PM CST
The Board of Directors of Petroleum & Resources Corporation (NYSE: PEO) declared a dividend of $0.10 per share, payable March 3, 2014, to shareholders of record February 14, 2014, consisting of $0.02 of net investment income, $0.02 short-term capital gain, and $0.06 long-term capital gain, all realized in 2013.

Petroleum & Resources Fund Announces $26.48 Issue Price Of Shares For Year-End Distribution Payable December 27, 2013
PR Newswire - Mon Dec 09, 5:34PM CST
Petroleum & Resources Corporation (NYSE: PEO), determined today the issue price for the closed-end fund's year-end distribution for shareholders who have elected to receive the distribution in the form of stock.

Petroleum & Resources Fund Extends Share Repurchase Program
PR Newswire - Fri Nov 15, 1:14PM CST
The Board of Directors of Petroleum & Resources (NYSEEO) voted today to extend its share repurchase program and has authorized the repurchase of up to 5% of the outstanding shares of the Fund's common stock (i.e., up to 1,304,473 shares) through December 31, 2014. Such repurchases may be made from time to time in the open market when market conditions and portfolio management considerations warrant and the shares are trading at a discount of at least 10% from NAV.

Petroleum & Resources Fund Declares Year-end Distribution; Exceeds Its Annual 6% Minimum Distribution Rate Commitment
PR Newswire - Fri Nov 15, 12:44PM CST
Petroleum & Resources (NYSEEO) declared today a year-end distribution of $1.58 per share. The total distributions by the Fund for 2013 will be $1.88, including the distributions of $0.30 per share made prior to today's announcement. The annual distribution rate represented by these distributions is 7.2%.

Petroleum & Resources Fund Reports Nine-Month Results
PR Newswire - Wed Oct 09, 1:54PM CDT
Petroleum & Resources Corporation (NYSEEO) today announced its results for the nine months ended September 30, 2013. The total return on net asset value, with dividends and capital gains reinvested, was 16.1%. The comparable figure for the Lipper Global Natural Resources Funds Index was 9.5%. The total return on the Fund's market price was 14.4%.

Petroleum & Resources Fund Names James Haynie As Executive Vice President And Announces Resignation Of David Weaver
PR Newswire - Wed Jul 31, 10:38AM CDT
The Board of Directors of Petroleum & Resources Corporation named James P. Haynie as Executive Vice President and a member of the portfolio management team for the Fund. The Fund also announced the resignation of David D. Weaver.

Petroleum & Resources Fund Declares Dividend and Reports Performance for the First Half of 2013
PR Newswire - Wed Jul 10, 2:08PM CDT
The Board of Directors of Petroleum & Resources (NYSEEO) today declared a dividend of $0.10 per share, payable September 3, 2013, to shareholders of record on August 15, 2013. This dividend represents the third payment toward the Fund's annual 6% minimum distribution rate commitment for the year. Details regarding the annual 6% minimum distribution rate commitment can be found at www.peteres.com.

Petroleum & Resources Fund Resumes Repurchasing Stock
PR Newswire - Tue Jul 02, 9:28AM CDT
Petroleum & Resources Corporation (NYSE: PEO) reported today that it resumed its share repurchases during the Second Quarter of 2013 and purchased 103,663 shares of the Fund's common stock during the period. The shares were repurchased at an average price of $26.18 and a weighted average discount to net asset value (NAV) of 13.7%.

Petroleum & Resources Declares Dividend And Announces First Quarter Performance
PR Newswire - Thu Apr 11, 2:21PM CDT
The Board of Directors of Petroleum & Resources Corporation (NYSE: PEO) today declared an interim dividend of $0.10 per share, payable June 3, 2013, to shareholders of record May 15, 2013. This dividend represents the second payment this year toward the Fund's commitment to pay out to shareholders an amount that will result in an annual distribution rate of at least 6% for the year. In 2012, the Fund paid out distributions at an annual distribution rate of 6.4%. Details regarding the 6% minimum annual distribution rate commitment can be found at www.peteres.com.

/C O R R E C T I O N -- Adams Express Company/
PR Newswire - Thu Mar 21, 9:02AM CDT
In the news release, Brian S. Hook Elected Vice President Of Adams Express And Petroleum & Resources, issued 20-Mar-2013 by Adams Express Company over PR Newswire, the second paragraph, first sentence, should read, "Prior to joining the Companies in 2008..." rather than "Prior to joining the CompanFies in 2008" and the second paragraph, second sentence, should read, "...with Coopers & Lybrand L.L.P...." rather than "...with Coopers & fLybrand L.L.P...." as incorrectly transmitted by PR Newswire. The complete, corrected release follows:

Kathleen T. McGahran Selected Board Chairperson Of Adams Express And Petroleum & Resources
PR Newswire - Wed Mar 20, 3:26PM CDT
The Boards of Directors of The Adams Express Company (NYSE:ADX) and Petroleum & Resources Corporation (NYSE: PEO) have selected Kathleen T. McGahran to serve as the Chairperson of the Boards of Directors of both Companies, effective March 19, 2013. Dr. McGahran is the first non-executive director to serve as Board Chairperson.

Brian S. Hook Elected Vice President Of Adams Express And Petroleum & Resources
PR Newswire - Wed Mar 20, 3:25PM CDT
The Boards of Directors of The Adams Express Company (NYSE:ADX) and Petroleum & Resources Corporation (NYSE: PEO) elected Brian S. Hook as Vice President, effective March 19, 2013. Mr. Hook also serves as the Chief Financial Officer and Treasurer of the Companies.

Closed-End Funds Can Still Make You Money
Dan Caplinger, The Motley Fool - Motley Fool - Mon Feb 11, 8:58AM CST
With the rapid rise of the ETF revolution over the past two decades, closed-end funds have fallen out of the limelight. But even though exchange-traded funds seem to get all the attention, closed-end funds still have a number of advantages that...

Petroleum & Resources Announces 2012 Performance
PR Newswire - Mon Jan 14, 4:15PM CST
Petroleum & Resources Corporation (NYSE: PEO) announces the Fund's performance for 2012.

Petroleum & Resources Declares Dividend
PR Newswire - Thu Jan 10, 12:50PM CST
The Board of Directors of Petroleum & Resources Corporation (NYSEEO) declared a dividend of $0.10 per share, payable March 1, 2013, to shareholders of record February 15, 2013, consisting of $0.02 of net investment income, $0.03 short-term capital gain, and $0.04 long-term capital gain, all realized in 2012, and $0.01 net investment income realized in 2013.