Eversource Energy Raises Common Dividend By 6.4%
February 03 2015 - 4:05PM
Business Wire
The Board of Trustees of Northeast Utilities (NYSE: NU), doing
business as Eversource Energy, today approved a quarterly dividend
of $0.4175 per share, payable on March 31, 2015, to shareholders of
record as of the close of business on March 2, 2015.
The March 2015 dividend represents a 6.4 percent increase over
the previous quarterly dividend level.
“This increase underscores the continued enhancements we are
making as a top tier utility that invests billions of dollars in
the electric and natural gas delivery systems that serve New
England energy consumers, provides a strong and improving level of
customer service, and offers investors one of the industry’s most
attractive combination of earnings and dividend growth,” said
Thomas J. May, chairman, president and chief executive officer of
Eversource Energy.
Also today, Eversource announced that it will host its year-end
earnings call on Thursday, February 12, 2015 at 9 a.m. Eastern Time
and that it expects to release year-end results after the market
closes on February 11, 2015. The call will be webcast at
www.eversource.com.
Eversource Energy operates New England’s largest energy delivery
company and is committed to safety, reliability, environmental
leadership and stewardship, as well as expanding energy options for
approximately 3.6 million electric and natural gas customers in
Connecticut, Massachusetts and New Hampshire. Northeast Utilities,
doing business as Eversource Energy, is currently traded on the New
York Stock Exchange under the symbol NU and has approximately 317
million common shares outstanding. On February 2, 2015, the Company
began operating under Eversource Energy. The company’s legal name
has not yet changed; however, shareholders will be asked to vote on
a proposal to formally change the company’s legal name at the
company’s Annual Meeting of Shareholders, which has been set for
April 29, 2015. Effective Thursday, February 19, 2015, the company
is expected to commence trading under its new ticker symbol, “ES,”
on the New York Stock Exchange.
This news release includes statements concerning Eversource
Energy’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, cyber breaches, acts of
war or terrorism, or grid disturbances; the possibility that
expected merger synergies will not be realized or will not be
realized within the expected time period; 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 Eversource Energy’s
products and services; fluctuations 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 Eversource Energy’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; actions of rating
agencies; and other presently unknown or unforeseen factors. Other
risk factors are detailed from time to time in Eversource Energy’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 Eversource Energy 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.
Eversource EnergyJeffrey R. Kotkin, 860-665-5154
Nu (NYSE:NU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Nu (NYSE:NU)
Historical Stock Chart
From Jul 2023 to Jul 2024