Market Recap: Nike Inc (NKE), Duke Energy (DUK), American Electric Power Company (AEP)

Nike Inc (NYSE:NKE) expressed dissatisfaction with the way NFL was dealing with domestic violence issues by its players. The company’s CEO, Mark Parker, said they told NFL about their feelings over the handling of domestic violence matters by the organization. The CEO also restated that they don’t tolerate domestic violence in any way. Perhaps that explains why Nike Inc (NYSE:NKE) recently severed endorsement links with Ray Rice.

Although Nike Inc (NYSE:NKE) sought to let NFL know their position on domestic violence, the company noted that NFL was making commendable progress in addressing violence issues.

Meanwhile, Nike is said to be working with Apple Inc. (NASDAQ:AAPL) towards the development of a wearable device that would take the market by surprise. Apple’s CEO, Tim Cook, is a member of the Board of Directors of Nike.

Duke Energy Corp (NYSE:DUK) said its two utilities in North Carolina will not raise rates for their customers. However, the company has an opportunity to do so to cover some taxes. The move not to hike rates will save customers of the Duke units in North Carolina about $20 million each year.

Duke Energy Corp (NYSE:DUK) is a $56 billion energy company that operates through subsidiaries. Shares of the company have increased more than 16% since the beginning of the year.

American Electric Power Company Inc (NYSE:AEP) has moved to increase its quarterly dividend amount, marking the latest effort by the company to return more gains to the investors. The company hiked its dividend by 6% such that it will now pay $0.53 per share on December 10. It paid $0.50 in the previous quarter. American Electric Power Company Inc (NYSE:AEP) regularly reviews its dividend figure upwards. It has paid a quarterly dividend in the past 418 quarters without interruption.

The reason American Electric Power Company Inc (NYSE:AEP) can boost its dividend payout amount has all to do with its solid cash position. The company had $190 million in cash and cash equivalents as of June 30. In the first six months of this year, the company had $2.2 billion in cash flow from operations.

Cook Laurie

Cook Laurie

Laurie, a long-time member of the US Markets Daily general assignment reporter who has covered a variety of subjects from breaking news to investigative features, from stock markets to politics, and from neighborhood small business to global warming.