Business & Finance
Mon, January 9, 2012
BOSTON--([ BUSINESS WIRE ])--The Board of Directors of NSTAR Electric Company declared the following preferred stock dividends payable February 1, 2012 to holders of record as of January 17, 2012:
- A quarterly dividend of $1.0625 per share on NSTAR Electric Companyas cumulative preferred stock, 4.25% series; and
- A quarterly dividend of $1.195 per share on NSTAR Electric Companyas cumulative preferred stock, 4.78% series.
Profile
NSTAR Electric Company is a wholly-owned subsidiary of NSTAR (NYSE: NST). NSTAR, headquartered in Boston, is an energy delivery company with revenues of approximately $3 billion and assets of $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.