Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Northeast Utilities System    NU

End-of-day quote. End-of-day quote  - 02/20
52.54 USD   +0.08%
06/16DJSUMNER REDSTONE : Redstone Holding Company Moves to Oust Five Viacom..
05/26 EVERSOURCE ENER : ex-dividend day
02/29 EVERSOURCE ENER : ex-dividend day
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Northeast Utilities System : Northeast Utilities Raises Common Dividend

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/05/2013 | 10:05pm CEST

The Northeast Utilities (NYSE: NU) Board of Trustees today approved a quarterly dividend of $0.3675 per share, payable on March 28, 2013, to shareholders of record as of the close of business on March 1, 2013.

The March 2013 dividend represents a 7.1 percent increase over NU's previous quarterly dividend level.

"This increase underscores our confidence in the company's financial outlook, while at the same time continuing a conservative payout level that allows us to continue to make very substantial investments in the region's electric and natural gas infrastructure, which we project will be approximately $1.6 billion in 2013," said Thomas J. May, NU president and chief executive officer.

May noted that the new annualized dividend rate of $1.47 per share is consistent with NU's plan to grow its dividend in line with its earnings growth and above the average annual dividend increase for the electric utility industry.

Northeast Utilities (NU) operates New England's largest energy delivery company. NU and its companies are committed to safety, reliability, environmental leadership and stewardship, as well as expanding energy options for its more than 3.5 million electric and natural gas customers in Connecticut, Massachusetts and New Hampshire. NU is traded on the New York Stock Exchange under the symbol NU and has approximately 314 million common shares outstanding. Learn more about NU and its family of companies at www.nu.com.

This news release includes statements concerning NU's expectations, beliefs, plans, objectives, goals, strategies, assumptions of future events, future financial performance or growth and other statements that are not historical facts. These statements are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, readers can identify these forward-looking statements through the use of words or phrases such as "estimate, "expect," "anticipate," "intend," "plan," "project," "believe," "forecast," "should," "could," and other similar expressions. Forward-looking statements involve risks and uncertainties that may cause actual results or outcomes to differ materially from those included in the forward-looking statements. Factors that may cause actual results to differ materially from those included in the forward-looking statements include, but are not limited to, actions or inaction of local, state and federal regulatory and taxing bodies; changes in business and economic conditions, including their impact on interest rates, bad debt expense and demand for NU's products and services; changes in weather patterns; changes in laws, regulations or regulatory policy; changes in levels or timing of capital expenditures; disruptions in the capital markets or other events that make NU's access to necessary capital more difficult or costly; developments in legal or public policy doctrines; technological developments; changes in accounting standards and financial reporting regulations; fluctuations in the value of our remaining competitive contracts; actions of rating agencies; the possibility that expected merger synergies will not be realized or will not be realized within the expected time period; and other presently unknown or unforeseen factors. Other risk factors are detailed from time to time in NU's and NSTAR's reports filed with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which such statement is made, and NU undertakes no obligation to update the information contained in any forward-looking statements to reflect developments or circumstances occurring after the statement is made or to reflect the occurrence of unanticipated events.

Northeast Utilities
Jeffrey R. Kotkin, 860-728-4650


© Business Wire 2013
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NORTHEAST UTILITIES SYSTEM
06/16DJSUMNER REDSTONE : Redstone Holding Company Moves to Oust Five Viacom Directors
05/26 EVERSOURCE ENERGY : ex-dividend day
02/29 EVERSOURCE ENERGY : ex-dividend day
2015 EVERSOURCE ENERGY : ex-dividend day
2015DJTHOMAS MAY : Longtime BofA Directors Gifford, May Have Close Ties Outside Bank
2015 EVERSOURCE ENERGY : ex-dividend day
2015 EVERSOURCE ENERGY : ex-dividend day
2015DJBank of America Shareholders Rebuke Director
2015DJBank of America Shareholders Rebuke Director
2015DJBank of America Shareholders Rebuke Director
More news
Sector news : Electric Utilities - NEC
07/30DJNextEra Clinches $18.4 Billion Deal -- WSJ
07/29DJNEXTERA ENERGY : to Buy Energy Future's Oncor in $18.4 Billion Deal -- 6th Updat..
07/29DJNextEra to Buy Energy Future's Oncor in $18.4 Billion Deal -- 5th Update
07/29DJNextEra to Buy Energy Future's Oncor in $18.4 Billion Deal -- 4th Update
07/29DJNEXTERA ENERGY : to Buy Energy Future's Oncor in $18.4 Billion Deal -- 3rd Updat..
More sector news : Electric Utilities - NEC
News from SeekingAlpha
2015 Northeast Utilities downgraded at Credit Suisse on lack of clarity
2015 Investors pulling the plug on utilities as Treasury yields rise
2015 Northeast Utilities (NU) Q4 2014 Results - Earnings Call Transcript
2015 Northeast Utilities Systems beats by $0.03, beats on revenue
2015 Notable earnings after Wednesday's close
Advertisement
Financials ($)
Sales 2016 8 002 M
EBIT 2016 1 850 M
Net income 2016 948 M
Debt 2016 10 590 M
Yield 2016 3,05%
P/E ratio 2016 19,63
P/E ratio 2017 18,40
EV / Sales 2016 3,64x
EV / Sales 2017 3,58x
Capitalization 18 553 M
More Financials
Chart NORTHEAST UTILITIES SYSTEM
Duration : Period :
Northeast Utilities System Technical Analysis Chart | NU | US6643971061 | 4-Traders
Full-screen chart
Income Statement Evolution
More Financials
Consensus 
Mean consensus HOLD
Number of Analysts 18
Average target price 60,0 $
Spread / Average Target 2,6%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
James J. Judge President, Chief Executive Officer & Trustee
Thomas J. May Non-Executive Chairman
Werner J. Schweiger Chief Operating Officer & Executive Vice President
Philip J. Lembo Chief Financial Officer, Treasurer & Executive VP
Christine M. Carmody EVP-Human Resources & Information Technology
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
NORTHEAST UTILITIES SY..-1.91%18 553
DUKE ENERGY CORP19.89%58 963
SOUTHERN CO14.34%50 213
DOMINION RESOURCES, IN..15.35%48 077
IBERDROLA SA-5.73%43 689
KOREA ELECTRIC POWER C..--.--%35 378
More Results