Corporate Profile for St. Joseph Light & Power, dated Nov. 13, 1998.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: Nov. 13, 1998
Company Name: St. Joseph Light & Power Co.
Address: 520 Francis
P.O. Box 998
St. Joseph, MO 64502-0998
Main Telephone
Number: 816-233-8888
Internet Home
Page Address
(URL): www.sjlp.com
Chief Executive
Officer: Terry F. Steinbecker
Chief Financial
Officer: Larry J. Stoll
Investor Relations
Contact: Jerry Musil
Business number: 816-387-6236
Home number: 816-233-5980
e-mail address: jmusil@sjlp.com
Public Relations
Contact: Jerry Musil
Business number: 816-387-6236
Home number: 816-233-5980
e-mail address: jmusil@sjlp.com
Trading Symbol/
Exchange: SAJ
Industry: Electric/Natural Gas Utility
Company description: St. Joseph Light & Power Company and its predecessors have been providing electric energy since 1883. Today, the company is a diversified company diversified company A company engaged in varied business operations not directly related to one another. A diversified company is less likely to suffer either a collapse or a spectacular gain in earnings compared with a firm concentrating its operations in a , providing electric, natural gas and industrial steam service to its customers. It also has a non-regulated investment subsidiary, SJLP, Inc. Its general office is in St. Joseph, Mo., a city of 73,000. The company's electric segment serves more than 61,000 customers in all or part of 10 northwest Missouri counties while the natural gas segment serves about 6,400 customers in 15 communities. The other business segment, industrial steam, has six customers in St. Joseph. The company's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , SJLP Inc., was formed to enhance shareholder value through investments in long-term growth opportunities in non-regulated sectors which will provide a positive impact on present and future earnings. Investments by SJLP Inc. include controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in Percy Kent Bag Company, Inc., of Kansas City Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). , a manufacturer of multi-layered paper bags for consumer products, and a smaller position in Permalok, Inc., a St. Louis-based company which holds a patent on its design of a steel-casing pipe product that enhances trench-less excavation by eliminating the need for field welding welding, process for joining separate pieces of metal in a continuous metallic bond. Cold-pressure welding is accomplished by the application of high pressure at room temperature; forge welding (forging) is done by means of hammering, with the addition of heat. . Light & Power (NYSE NYSE See: New York Stock Exchange :SAJ) has more than 4,600 shareholders, representing all 50 states. The company has more than 7.9 million shares of common stock outstanding. Dividends per share Dividends per share Dividend paid for the past 12 months divided by the number of common shares outstanding, as reported by a company. The number of shares often is determined by a weighted average of shares outstanding over the reporting term. have been paid each quarter since Light & Power became an independently traded company in 1950. In January 1998, the board of directors increased the dividend for the eighteenth successive year. The current annual rate is 98 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. . |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion