DPL Inc. Declares Dividend.DAYTON, Ohio--(BUSINESS WIRE)--Sept. 28, 1999-- The Board of Directors of DPL (Digital PowerLine) An earlier technology for transmitting a 1 Mbps data signal over electric power lines from Nortel Networks. It was developed in the late 1990s, but later abandoned due to implementation difficulties. See broadband over power lines. Inc. (NYSE NYSE See: New York Stock Exchange :DPL) today declared a quarterly dividend of $0.235 per share payable December 1, 1999 to common stockholders of record on November 17, 1999. This action continues the annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. dividend rate of $0.94 per share. During the third quarter, DPL announced Phase Two of its peaking capacity expansion. The expansion will add four natural gas fired combustion combustion, rapid chemical reaction of two or more substances with a characteristic liberation of heat and light; it is commonly called burning. The burning of a fuel (e.g., wood, coal, oil, or natural gas) in air is a familiar example of combustion. peaking units, totaling 225 megawatts, at a capital investment of $80 million. The combination of DPL's low cost natural gas fueled electric capacity with existing low cost base-load coal fired capacity results in a profitable regional generating enterprise, and is expected to be immediately accretive to earnings. This investment will contribute to DPL's long-term record of providing above average total return to shareholders. DPL Inc. is a diversified diversified (di·verˑ·s energy company supplying electric and gas energy services to 500,000 electric customers and 300,000 gas customers in the Midwest through its subsidiary, The Dayton Power and Light Company. |
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