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Niagara Mohawk Power Corporation Declares Preferred Stock Dividends

Niagara Mohawk Power Corp. announced that its Board of Directors has declared dividends for the period Jan. 1, 2021 to March 31, 2021

By PR Newswire

Niagara Mohawk Power Corporation Declares Preferred Stock Dividends– SYRACUSE, N.Y., Jan. 20, 2021  — Niagara Mohawk Power Corp. (the “Company”), an indirect subsidiary of National Grid USA (“National Grid”), announced that its Board of Directors has declared dividends for the period Jan. 1, 2021 to March 31, 2021 at the following rates for all outstanding series of its preferred stock:

  • .85% on the $100 par value, 3.40% Series;
  • .90% on the $100 par value, 3.60% Series;
  • .975% on the $100 par value, 3.90% Series.

The preferred stock dividends are payable on March 31, 2021, to holders of record on March 17, 2021.

About Niagara Mohawk-

Niagara Mohawk Power Corporation is a New York State utility company, which was acquired in 2000 by National Grid plc.The Niagara Mohawk Power Corporation designation was retired, using variations of NationalGridUS (such as National Grid Buffalo),though its official designation on annual reports is still Niagara Mohawk Power Corporation.

In 1929, 59 former companies were incorporated into the Niagara Hudson Power Corporation. In 1932 an Art Deco-style headquarters building was constructed in Syracuse. It was the main electric and natural gas provider for a large swath of northeastern, central and western New York, including the Capital District, Syracuse, Buffalo and Niagara Falls.

 

The Company, doing business as National Grid, provides electricity service to approximately 1.6 million customers and natural gas service to approximately 565,000 customers in upstate New York.  The Company is based in Syracuse, N.Y.  This was shared to Prittle Prattle News by a Press Release.

National Grid is an indirect subsidiary of National Grid plc (LSE: NG; NYSE:NGG).  National Grid delivers electricity to approximately 3.3 million customers in Massachusetts, New York, and Rhode Island. It is the largest distributor of natural gas in the northeastern U.S., serving approximately 3.4 million customers in Massachusetts, New York, and Rhode Island.

 

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