News Column

Niagara Mohawk Power Corporation Declares Preferred Stock Dividends

August 29, 2014



SYRACUSE, N.Y.--(BUSINESS WIRE)-- 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 July 1, 2014 to September 30, 2014 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 September 30, 2014, to holders of record on September 17, 2014.

    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 (LSE: NG; NYSE:NGG). 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.



    Media Contact:

    Niagara Mohawk Power Corporation

    Virginia Limmiatis, 315-452-7708

    Source: Niagara Mohawk Power Corp


  • For more stories on investments and markets, please see HispanicBusiness' Finance Channel



    Source: Business Wire


    Story Tools






    HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters