ITC Holdings (ITC) Raises Quarterly Dividend 15.4% to $0.1875; 2.1% Yield

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Go back to ITC Holdings (ITC) Raises Quarterly Dividend 15.4% to $0.1875; 2.1% Yield

ITC Increases Quarterly Dividend Rate by 15 Percent

August 19, 2015 4:05 PM EDT

NOVI, Mich., Aug. 19, 2015 /PRNewswire/ -- ITC Holdings Corp. (NYSE: ITC) announced today that its board of directors declared a quarterly cash dividend of $0.1875 per share, an increase of approximately 15 percent from the previous quarterly rate of $0.1625 per share.  This represents the 10th consecutive year since its initial public offering that ITC has raised the dividend rate on its common stock.

The quarterly cash dividend is payable on September 15, 2015 to shareholders of record on September 1, 2015. 

"We are very pleased with today's announcement as we continue to deliver on our   commitments to... More