Boston Edison Announces Quarterly Dividend Payments.BOSTON--(BUSINESS WIRE)--Sept. 25, 1997--Boston Edison Company (NYSE NYSE See: New York Stock Exchange :BSE See Bombay Stock Exchange. BSE See Boston Stock Exchange (BSE). ) announced today that its Board of Directors voted the following dividends to be paid Nov. 3, 1997 to holders of record as of Oct. 10, 1997: --A quarterly dividend of $0.47 per share on the Company's common stock; which is the 434th consecutive dividend to be paid to common shareholders by the company; --A quarterly dividend of $1.0625 per share on the Company's cumulative preferred stock Cumulative preferred stock Preferred stock whose dividends accrue, should the issuer not make timely dividend payments. Related: Non-cumulative preferred stock. , 4.25% series; --A quarterly dividend of $1.195 per share on the Company's preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. , 4.78% series: --A quarterly dividend of $1.8175 per share on the Company's cumulative preferred stock, 7.27% series; --A quarterly dividend of $2.00 per share on the Company's cumulative preferred stock, 8.00% series; and --A quarterly dividend of $1.9375 per share on the Company's cumulative preferred stock, 7.75% series, which amounts to $0.484375 for each depositary DEPOSITARY, contracts. He with whom a deposit is confided or made. 2. It is, the essence of the contract of deposits that it should be gratuitous on the part 'of the depositary. 9 M. R. 470. share held (each depositary share represents one-fourth of a preferred share). CONTACT: Boston Edison Company Jean M. Carella, 617/424-2658 |
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