Northeast Utilities System Plans Quarterly Dividend of $0.39 (NU)
Northeast Utilities System (NYSE:NU) announced a quarterly dividend on Wednesday, September 3rd, AnalystRatingsNetwork.com reports. Stockholders of record on Monday, September 15th will be paid a dividend of 0.3925 per share on Tuesday, September 30th. This represents a $1.57 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Thursday, September 11th.
Shares of Northeast Utilities System (NYSE:NU) traded up 0.70% during mid-day trading on Wednesday, hitting $45.76. 2,307,420 shares of the company’s stock traded hands. Northeast Utilities System has a 1-year low of $40.01 and a 1-year high of $47.60. The stock has a 50-day moving average of $44.62 and a 200-day moving average of $45.22. The company has a market cap of $14.478 billion and a price-to-earnings ratio of 19.12.
Northeast Utilities System (NYSE:NU) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.02. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the company posted $0.54 earnings per share. Northeast Utilities System’s revenue was up 2.5% compared to the same quarter last year. On average, analysts predict that Northeast Utilities System will post $2.69 earnings per share for the current fiscal year.
Northeast Utilities (NYSE:NU) is a public utility holding company.
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