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Oct. 22, 2020, 2:14 p.m. EDT

Niagara Mohawk Power Corporation Declares Preferred Stock Dividends

SYRACUSE, N.Y., Oct. 22, 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 October 1, 2020 to December 31, 2020 at the following rates for all outstanding series of its preferred stock:

The preferred stock dividends are payable on December 31, 2020, to holders of record on December 17, 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 +0.34% /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.

Cision
View original content: http://www.prnewswire.com/news-releases/niagara-mohawk-power-corporation-declares-preferred-stock-dividends-301158282.html

SOURCE National Grid

COMTEX_373248224/2454/2020-10-22T14:14:19

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/zigman2/quotes/208805676/delayed
UK : U.K.: London
875.40 p
+3.00 +0.34%
Volume: 6.40M
Jan. 15, 2021 4:35p
P/E Ratio
21.03
Dividend Yield
5.60%
Market Cap
£31.07 billion
Rev. per Employee
£630,283
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/zigman2/quotes/204048449/composite
US : U.S.: NYSE
$ 59.47
-0.23 -0.39%
Volume: 258,411
Jan. 15, 2021 4:00p
P/E Ratio
22.40
Dividend Yield
5.23%
Market Cap
$42.20 billion
Rev. per Employee
$800,398
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