Shares of Corrections Corp Of America (NYSE:CXW) ended Wednesday session in red amid volatile trading. The shares closed down -0.22 points or -1.61% at $13.45. Post opening the session at $13.72, the shares hit an intraday low of $13.35 and an intraday high of $13.78 and the price vacillated in this range throughout the day. The company has a market cap of $1.54 billion and the numbers of outstanding shares have been calculated to be 117.52 million shares.
Corrections Corp Of America (CXW) announced that Immigration and Customs Enforcement (“ICE”) has amended and extended its Intergovernmental Service Agreement (“IGSA”) with the City of Eloy, Arizona, for CCA’s leased and operated 2,400-bed South Texas Family Residential Center. The updated agreement provides for a new, lower fixed monthly payment commencing in November 2016, with a new term extending through September 2021, subject to termination upon 60-day notice from ICE. The agreement can be further extended by bi-lateral modification. Concurrently, CCA and the third-party lessor of the South Texas Family Residential Center have agreed to modify the lease agreement to reflect a reduced monthly lease expense effective in November 2016, with a new term concurrent with the IGSA.
Shares of AGNC Investment Corp (NASDAQ:AGNC) ended Wednesday session in green amid volatile trading. The shares closed up +0.13 points or 0.67% at $19.54. Post opening the session at $19.43, the shares hit an intraday low of $19.36 and an intraday high of $19.63 and the price vacillated in this range throughout the day. The company has a market cap of $6.43 billion and the numbers of outstanding shares have been calculated to be 331.05 million shares.
AGNC Investment Corp (AGNC) announced that its Board of Directors has declared a cash dividend of $0.18 per share of common stock for October 2016. The dividend is payable on November 8, 2016 to common stockholders of record as of October 31, 2016, with an ex-dividend date of October 27, 2016.