Great Plains Energy Incorporated Declares Dividends
May 03 2016 - 10:42AM
Business Wire
Great Plains Energy (NYSE: GXP) today announced that its Board
of Directors approved a quarterly dividend of $0.2625 per share on
its common stock. The Company’s annual dividend level is $1.05 per
share. The common dividend will be payable June 20, 2016 to
shareholders of record as of May 27, 2016. The shares will begin to
trade ex-dividend on May 25, 2016. The Board of Directors
also declared regular dividends on the Company’s 3.80%, 4.20%,
4.35% and 4.50% series of preferred stock, payable September 1,
2016 to shareholders of record as of August 11, 2016. The shares
will begin to trade ex-dividend on August 9, 2016.
About The Companies:
Headquartered in Kansas City, Mo., Great Plains Energy
Incorporated is the holding company of Kansas City Power &
Light Company (KCP&L) and KCP&L Greater Missouri Operations
Company, two of the leading regulated providers of electricity in
the Midwest. KCP&L and KCP&L Greater Missouri Operations
Company use KCP&L as a brand name. More information about the
companies is available on the Internet at:
www.greatplainsenergy.com or www.kcpl.com.
Forward-Looking
Statements:
Statements made in this report that are not based on historical
facts are forward-looking, may involve risks and uncertainties, and
are intended to be as of the date when made. Forward-looking
statements include, but are not limited to, the outcome of
regulatory proceedings, cost estimates of capital projects and
other matters affecting future operations. In connection with the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995, Great Plains Energy and KCP&L are providing a
number of important factors that could cause actual results to
differ materially from the provided forward-looking information.
These important factors include: future economic conditions in
regional, national and international markets and their effects on
sales, prices and costs; prices and availability of electricity in
regional and national wholesale markets; market perception of the
energy industry, Great Plains Energy and KCP&L changes in
business strategy, operations or development plans; the outcome of
contract negotiations for goods and services; effects of current or
proposed state and federal legislative and regulatory actions or
developments, including, but not limited to, deregulation,
re-regulation and restructuring of the electric utility industry;
decisions of regulators regarding rates the Companies can charge
for electricity; adverse changes in applicable laws, regulations,
rules, principles or practices governing tax, accounting and
environmental matters including, but not limited to, air and water
quality; financial market conditions and performance including, but
not limited to, changes in interest rates and credit spreads and in
availability and cost of capital and the effects on nuclear
decommissioning trust and pension plan assets and costs;
impairments of long-lived assets or goodwill; credit ratings;
inflation rates; effectiveness of risk management policies and
procedures and the ability of counterparties to satisfy their
contractual commitments; impact of terrorist acts, including, but
not limited to, cyber terrorism; ability to carry out marketing and
sales plans; weather conditions including, but not limited to,
weather-related damage and their effects on sales, prices and
costs; cost, availability, quality and deliverability of fuel; the
inherent uncertainties in estimating the effects of weather,
economic conditions and other factors on customer consumption and
financial results; ability to achieve generation goals and the
occurrence and duration of planned and unplanned generation
outages; delays in the anticipated in-service dates and cost
increases of generation, transmission, distribution or other
projects; ability to successfully manage transmission joint
venture; the inherent risks associated with the ownership and
operation of a nuclear facility including, but not limited to,
environmental, health, safety, regulatory and financial risks;
workforce risks, including, but not limited to, increased costs of
retirement, health care and other benefits; and other risks and
uncertainties.
This list of factors is not all-inclusive because it is not
possible to predict all factors. Other risk factors are detailed
from time to time in Great Plains Energy’s and KCP&L’s
quarterly reports on Form 10-Q and annual report on Form 10-K filed
with the Securities and Exchange Commission. Each forward-looking
statement speaks only as of the date of the particular statement.
Great Plains Energy and KCP&L undertake no obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future events or otherwise.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160503006415/en/
Great Plains
EnergyInvestors:Calvin Girard, Senior Manager, Investor
Relations816-654-1777calvin.girard@kcpl.comorMedia:Katie McDonald,
Director, Corporate
Communications816-556-2365katie.mcdonald@kcpl.com
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