SYRACUSE, N.Y., April 17, 2020 /PRNewswire/ -- 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 April 1,
2020 to June 30, 2020 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 June 30, 2020, to holders of record on
June 16, 2020.
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.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/niagara-mohawk-power-corporation-declares-preferred-stock-dividends-301042826.html
SOURCE National Grid