Boston Edison Declares Preferred Stock Dividends.Business Editors BOSTON--(BUSINESS WIRE)--Sept. 28, 2000 Boston Edison Company, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of NSTAR NSTAR NASA Solar Electric Propulsion Technology Application Readiness (NYSE NYSE See: New York Stock Exchange :NST NST nonstress test. NST Nonstress test, see there ), announced today that its Board of Directors declared the following preferred stock dividends payable November 1, 2000 to holders of record October 10, 2000: --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 cumulative preferred stock, 4.78% series; and --A quarterly dividend of $2.00 per share on the Company's cumulative preferred stock, 8.00% series. NSTAR was formed in August 1999 through a merger of BEC Energy and Commonwealth Energy System. The company, headquartered in Boston, MA, provides regulated electric and gas utility services and is also engaged in telecommunications and other non-regulated activities. NSTAR serves approximately 1.3 million customers throughout Massachusetts, including approximately 1,040,000 electric customers in 81 communities and 240,000 gas customers in 51 communities. More information can be found at the company's web site-www.nstaronline.com. |
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