ITC Holdings (ITC) Raises Quarterly Dividend 5.2% to $0.3525; 1.9% Yield
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ITC Holdings (NYSE: ITC) declared a quarterly dividend of $0.3525 per share, or $1.41 annualized. This is a 5.2% increase from the prior dividend of $0.335.
The dividend will be payable on September 15, 2011, to stockholders of record on September 1, 2011, with an ex-dividend date of August 30, 2011.
The annual yield on the dividend is 1.9 percent.
"Today's announced increase marks the sixth consecutive year that ITC has raised the dividend on its common stock and further underscores the confidence we have in our ability to execute on our long-term strategy," said Joseph L. Welch, chairman, president and CEO.
The dividend will be payable on September 15, 2011, to stockholders of record on September 1, 2011, with an ex-dividend date of August 30, 2011.
The annual yield on the dividend is 1.9 percent.
"Today's announced increase marks the sixth consecutive year that ITC has raised the dividend on its common stock and further underscores the confidence we have in our ability to execute on our long-term strategy," said Joseph L. Welch, chairman, president and CEO.
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