ITC Holdings (ITC) Raises Quarterly Dividend 14.9% to $0.2155; 1.8% Yield

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ITC Increases Quarterly Dividend Rate by 15 Percent

August 17, 2016 4:30 PM EDT

NOVI, Mich., Aug. 17, 2016 /PRNewswire/ -- ITC Holdings Corp. (NYSE: ITC) announced today that its board of directors declared a quarterly cash dividend of $0.2155 per share, an increase of approximately 15 percent from the previous quarterly rate of $0.1875 per share.  This represents the eleventh consecutive year that ITC has raised the dividend rate on its common stock.

The quarterly cash dividend is payable on... More