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Following energy issues in the state of Connecticut and beyond.

Tuesday, July 12, 2011

Northeast Utilities Quarterly Dividend Announced

Northeast Utilities said Tuesday that its Board of Directors has declared a quarterly dividend of 27.5 cents.
The dividend is payable on Sept. 30th to shareholders of record as of the close of business on Sept. 1.

The company, which is the corporate parent for Yankee Gas Services and Connecticut Light & Power, has roughly 177 million shares outstanding. NU raised its quarterly dividend to its current level in February; prior to that the dividend had been a little over 25.6 cents per share.

NU’s utility companies in Connecticut, western Massachusetts and New Hampshire have more that 2.1 million electric and natural gas customers.


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