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April 17, 2020, 10:48 a.m. EDT

Niagara Mohawk Power Corporation Declares Preferred Stock Dividends

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 /zigman2/quotes/208805676/delayed UK:NG -1.32% /zigman2/quotes/204048449/composite NGG -0.39% .  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.

 

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SOURCE National Grid

Copyright (C) 2020 PR Newswire. All rights reserved

/zigman2/quotes/208805676/delayed
UK : U.K.: London
864.80 p
-11.60 -1.32%
Volume: 2.39M
Jan. 28, 2021 3:40p
P/E Ratio
20.78
Dividend Yield
5.67%
Market Cap
£31.10 billion
Rev. per Employee
£630,283
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/zigman2/quotes/204048449/composite
US : U.S.: NYSE
$ 59.33
-0.23 -0.39%
Volume: 115,686
Jan. 28, 2021 10:56a
P/E Ratio
22.35
Dividend Yield
5.24%
Market Cap
$42.62 billion
Rev. per Employee
$800,398
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