Niagara Mohawk Power Corporation Declares Preferred Stock Dividends
March 01 2018 - 12:16PM
Niagara Mohawk Power Corp. (the “Company”), an indirect subsidiary
of National Grid USA (“National Grid”), announced that its Board of
Directors has declared dividends for the period Jan. 1, 2018 to
March 31, 2018 at the following rates for all outstanding series of
its preferred stock:
- .85% on the $100 par value, 3.40%
Series;
- .90% on the $100 par value, 3.60%
Series;
- .975% on the $100 par value, 3.90%
Series.
The preferred stock dividends are payable on
April 2, 2018, to holders of record on March 19, 2018.
The Company, doing business as National Grid,
provides electricity service to approximately 1.6 million customers
and natural gas service to approximately 565,000 customers in
upstate New York. The Company is based in Syracuse, N.Y.
National Grid is an indirect subsidiary of
National Grid plc (LSE: NG; NYSE:NGG). National Grid delivers
electricity to approximately 3.3 million customers in
Massachusetts, New York, and Rhode Island. It is the largest
distributor of natural gas in the northeastern U.S., serving
approximately 3.4 million customers in Massachusetts, New York, and
Rhode Island.
####
Virginia Limmiatis
NationalGrid
Phone: (315) 452-7708
E-Mail: nationalgridmediarelations@nationalgrid.com
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