Toyota Cuts Plug-In Prices, Ford Declares a Dividend, and 3 More Hot Stocks
Toyota Motor Corp. (NYSE:TM): Toyota will be cutting the prices of its plug-in Prius model to help boost U.S. sales of the unit. The 2014 Prius Plug-in will now start at $29,990, a $2,010 drop from the current model, while the higher end Advanced trim will see a 12 percent cut to $34,905. The cars are also eligible for a $2,500 tax credit and hit showrooms in November.
Ford Motor Co. (NYSE:F): Ford has declared a $0.10 per share quarterly dividend, in line with its previous dividend offerings. It has a forward yield of 2.41 percent and is payable on December 2 for shareholders of record on November 1. It has an ex-dividend date of October 30.
Whole Foods Market (NASDAQ:WFM): Whole Foods shares are up after the grocer revealed that it would begin selling private label coffee pods that will fit Keurig machines. Shoppers will be able to buy a 12-pack of the grocery store chain’s Everday Value K-Cups brand, which will sell for $8.99, according to a Whole Foods spokesperson.
Royal Dutch Shell (NYSE:RDSA): Shell has shut down the major Trans-Niger Pipeline, which carries 150,000 barrels of crude per day, just 10 days after the pipeline was reopened after repairs for leaks were made. Shell Nigeria said in July the pipeline is safe, despite suffering 25 leaks in the last two years, most of which were blamed on theft, to the tune of 60,000 barrels a day. However, human rights groups argue that the company sometimes blames theft to avoid paying damages to local communities and to avert criticism about corrosion on the 48-year-old pipeline, Fuel Fix reports.
Antero Resources (NYSE:AR): On its first day of trading, Antero opened at $55 per share, well above its $44 IPO price, picking up in excess of 22 percent in its market debut. Antero sold 35.725 million shares at $44 a share, raising $1.57 billion at its IPO, though it had planned on 30 million shares at between $38 and $42.
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