NSTAR Declares Common Share and Preferred Stock Dividends.BOSTON -- NSTAR (NYSE NYSE See: New York Stock Exchange :NST NST nonstress test. NST Nonstress test, see there ) announced today that its Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. declared a quarterly dividend of $0.325 per common share. This is NSTAR's 472nd consecutive dividend, payable May 1, 2007 to shareholders of record April 10, 2007. Also, the Board of Directors of NSTAR Electric Company (formerly 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, declared the following preferred stock dividends payable May 1, 2007 to holders of record April 10, 2007: * A quarterly dividend of $1.0625 per share on NSTAR Electric'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; and * A quarterly dividend of $1.195 per share on NSTAR Electric's cumulative preferred stock, 4.78% series. Profile NSTAR, headquartered in Boston, is an energy delivery company with revenues of approximately $3.6 billion and assets of $7.8 billion that serves 1.4 million customers in Massachusetts, including approximately 1.1 million electric distribution customers in 81 communities and 300,000 natural gas distribution customers in 51 communities. NSTAR also conducts non-utility, unregulated operations. For more information, go to www.nstar.com. |
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