Intel Corporation (NASDAQ:INTC) announced that its board of directors has declared an 18.12 cents per share quarterly dividend (72.48 cents per share on an annual basis), reflecting the previously announced 15 percent increase from the fourth quarter of 2010. The dividend will be payable on March 1, 2011 to stockholders of record on Feb. 7, 2011. The Intel board is also increasing the authorization limit for share repurchases by an additional $10 billion, which increases the overall outstanding buyback authorization to $14.2 billion.
“In 2010, Intel achieved its best and most profitable year ever,” said Paul Otellini, Intel president and CEO. “Today’s announcement signals confidence in our fundamental business strategies both today and looking forward, allowing us to return more cash to shareholders.”
Intel began paying a cash dividend in 1992 and has paid out approximately $21 billion to its shareholders in dividends. Intel cash dividends paid during 2010 totaled approximately $3.5 billion.
Since the company’s stock buyback program began in 1990, Intel has repurchased approximately 3.4 billion shares at a cost of approximately $70 billion. Taken together since their inception, Intel’s dividends and stock buyback program have returned approximately $91 billion to shareholders.
Intel is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at www.intel.com/pressroom.
Orofino Gold Corp. (ORFG.PK) is a US (Nevada) company established for the purpose of creating a significant exploration and mining group operating in Colombia.
The major criteria for selection of properties will include:
* Significant historical production
* Favorable geology for hosting major ore bodies
* Significant property area for large target exploration
* Recent results available
* Favorable infrastructure and access to allow mine development
* Receptive local government and populace.
In addition Orofino has acquired a database comprised of exploration and mining results from previous operators who left when the global mining sector experienced a major downturn in the 1997-2000 time frame.
All properties meet the above criteria outlined above.
The second part of the Company's strategy to become a recognized player in the Colombia mining sector was the acquisition of an interest in an operating mine. The Company has acquired a 55% interest in the La Azul/La Estrella property with the rights to acquire up to 80%.
La Azul is one producing artesanal mine in the Senderos de Oro area controlled by Orofino, it is a mixed sequence of predominantly volcanic rocks with the vien systems comprised of high grade chalcopyrite, galena and sphalerite with pyrite in quartz viens.
# Stable democracy for over 150 years
# Growing, educated work force
# Good infrastructure
# No history of nationalizing foreign holdings or defaulting on foreign debt
# Northern extension of the mineral-rich Andes Cordillera
# Current government promoting rapid growth in mining sector
# Juan Manuel Santos recently elected President (former Defense Minister during Alvaro Uribe's administration, will continue to promote foreign investment and mineral resource development)
It is a generally known fact that the United States has been importing oil since the 1970's because oil production at home cannot meet the sky-rocketing demands of our consumption. According to the 2009 yearly average, the U.S. Crude Oil is devouring around 21 million barrels a day and U.S. production is approximately around 5 million. Why are things increasing so rapidly? Why are resources running out at such a high acceleration? There is no easy answer but all of it is very much related to one single idea: a great number of growth.
Within the last 200 years, the advancement in human technology has made our way of life totally dependent on Oil, Gas & Coal, which are the main elements for fuel for a variety purposes. What makes Oil different is the huge variety of goods that can be born from it. A small list of some of these products: Gasoline, Diesel, Fuel oil, Propane, Ethane, Kerosene, Liquid petroleum gas, Lubricants, other alkanes, heating oil, asphalt, bitumen, plastic, bags, toys, candles (paraffin), clothing (polyester, nylon), cosmetics, petroleum jelly, perfume, dish-washing liquids, ink, bubble gums, car tires and more.
So it is apparent that the modern industry is totally dependent on Oil.
However, the amount and size of Oil Reserves on the U.S. is immense. The U.S. has in fact the third largest oil production after Saudi Arabia and Russia.
Proper Power & Energy, Inc. (OTC Bulletin Board:PPWE.ob) announced that its wholly owned subsidiary, American Resources, Inc. (ARI), has begun production on its 87.5 acres in Western Kentucky.
ARI has completed the re-work on all 4 wells, with those wells online and pumping. "This is an exciting time for us," stated Proper Power President, Andrew Kacic. "This is the beginning of production for Proper Power in Kentucky, and we look forward to increasing our presence."
Proper Power & Energy is an independent exploration and production company. The Company's operations are in Kentucky, which provides for low risk developmental drilling and production, and Utah, which the Company controls over 11,000 acres for its exploratory prospect. Renowned geophysicist and consultant to Proper Power, Robert Dunbar, believes the Utah prospect could hold up to one billion barrels of recoverable oil.
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Crown Equity Holdings Inc. (OTCPK:CRWE) has received 500,000 shares of 144 stock in Orofino Gold Corp. (PINK SHEETS: ORFG) valued at sixty five thousand dollars, and 500,000 shares of free trading shares valued at sixty five thousand dollars from a third party (QU CUI You) for 30 days advertising .
Crown Equity Holdings Inc. (OTCPK:CRWE) anticipates receiving 1,000,000 shares of free trading shares from a third party (Mohamad Nehmeh) for two (2) weeks of advertisement services for Proper Power & Energy, Inc. (OTC:PPWE).
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