Northeast Utilities System : Northeast Utilities Announces Common Dividend
05/02/2012| 12:05pm US/Eastern
The Northeast Utilities (NYSE: NU) Board of Trustees today approved a
quarterly dividend of $0.343 per common share, payable on June 29, 2012,
to shareholders of record as of the close of business on June 1, 2012.
The June dividend represents an increase of approximately 17 percent
over the dividend NU paid on March 30, 2012, and is consistent with the
provisions of the merger agreement between NU and NSTAR, which state
that NU's first quarterly dividend following the merger would be at
least equal to the most recent NSTAR pre-merger quarterly dividend,
after giving effect to the merger agreement's exchange ratio. NU and
NSTAR completed their merger on April 10, 2012.
NU has approximately 314 million shares outstanding.
NU operates New England's largest utility system serving
approximately 3.5 million electric and natural gas customers in
Massachusetts, Connecticut and New Hampshire.
Jeffrey R. Kotkin, 860-728-4650
© Business Wire 2012