CTG Resources, Inc. Announces Quarterly Dividend.Business/Technology Editors HARTFORD, Conn.--(BUSINESS WIRE)--May 2, 2000 The Board of Directors of CTG CTG Cartridge CTG Center for Technology in Government (SUNY, Albany, New York) CTG Center for Technology in Government CTG Computer Task Group (IT consulting company; Buffalo, NY, USA) Resources, Inc. (NYSE NYSE See: New York Stock Exchange :CTG) declared a dividend of 26 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. on the common stock of the Company payable June 30, 2000 to the stockholders of record June 16, 2000. This dividend will only become payable in the event the merger with Energy East has not closed by the June 16, 2000 record date. The merger is expected to close by the end of the second calendar quarter of 2000, but the exact closing date has not yet been determined. The Board of Directors also declared dividends on Connecticut Natural Gas Corporation stocks as follows: --6.25 cents per share on the $3.125 Par 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. , payable June 30, 2000 to stockholders of record June 16, 2000; and --$1.50 per share on the $100 Par Serial Preferred Stock, 6% Series B, payable June 30, 2000 to the stockholders of record June 16, 2000 CTG has paid quarterly cash dividends for 148 consecutive years. CTG's newspaper listing is "CTGRes". CTG is the holding company of Connecticut Natural Gas Corporation and its unregulated subsidiary, The Energy Network. CTG is engaged in a number of energy-related businesses under The Energy Network. CTG's home page on the Internet is www.ctgcorp.com. On June 30, 1999, the Board of Directors of CTG and Energy East Corporation announced that the companies signed a definitive merger agreement under which CTG will become 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 Energy East. Energy East is a super-regional energy services and delivery company in the Northeast. Energy East is a leader in promoting competition and is committed to profitably growing its energy infrastructure. In February 2000, Energy East successfully completed the merger of Connecticut Energy Corporation. The remaining three mergers, with CMP CMP (cytidine monophosphate): see cytosine. (1) (CMP Media LLC, Manhasset, NY, www.cmp.com) Part of United Business Media, CMP is a leading integrated media company that offers a wide variety of publications and services in the information Group, Inc. (NYSE:CTP CTP (cytidine triphosphate): see cytosine. (1) (Computer-To-Plate) The production of printing plates directly from the computer without requiring film as an intermediate step. ), CTG Resources, Inc., and Berkshire Energy Resources (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). :BERK) are awaiting SEC approval for Energy East to become a register holding company, which is expected by the end of the quarter ending June 30, 2000. Upon completion of its merger transactions, Energy East, with its subsidiary, New York State Electric & Gas Corporation (NYSE:NEG), will serve more than 1.3 million electric customers and nearly 600,000 gas customers in New York and New England. Energy East's home page on the Internet is www.engyeast.com. |
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