Sierra Pacific Resources’ Board of Directors Declares Quarterly Dividend
October 30 2008 - 8:05PM
Business Wire
Sierra Pacific Resources (NYSE: SRP) announced that its board of
directors today declared a cash dividend of 10 cents per share,
payable on December 17, 2008, to shareholders of record on December
2, 2008. The company had previously paid 8 cents per share since
resuming quarterly dividends in the third quarter of 2007.
Headquartered in Nevada, Sierra Pacific Resources is a holding
company whose principal subsidiaries, Nevada Power Company and
Sierra Pacific Power Company, are doing business as NV Energy.
Serving a 54,500-square-mile service territory that stretches north
to south from Elko to Laughlin, NV Energy provides a wide range of
energy services and products to approximately 2.4 million citizens
of Nevada as well as approximately 40 million tourists annually.
This press release may contain forward-looking statements regarding
the future performance of Sierra Pacific Resources within the
meaning of the Private Securities Litigation Reform Act of 1995.
These statements are subject to a variety of risks and
uncertainties that could cause actual results to differ materially
from current expectations. These risks and uncertainties include,
but are not limited to, the discretion of Sierra Pacific Resources'
Board of Directors with respect to the payment of future dividends
based on its periodic review of factors that ordinarily affect
dividend policy, such as current and prospective financial
condition, earnings and liquidity, prospective business conditions,
regulatory factors, and dividend restrictions in Sierra Pacific
Resources' and its subsidiaries' financing agreements. Additional
cautionary statements regarding other risk factors that could have
an effect on the future performance of Sierra Pacific Resources and
its subsidiaries are contained in its Annual Report on Form
10-K�and/or Form 10-K/A for the year ended December 31, 2007 and in
its Quarterly Reports on Form 10-Q for the quarters ended March 31,
2008 and June 30, 2008,�each filed with the SEC. Sierra Pacific
Resources undertakes no obligation to release publicly the result
of any revisions to these forward-looking statements that may be
made to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events.
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