Northeast Utilities Announces Common Dividend
May 02 2012 - 12:01PM
Business Wire
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.
Nu (NYSE:NU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Nu (NYSE:NU)
Historical Stock Chart
From Jul 2023 to Jul 2024