SYRACUSE, N.Y.,
Aug. 16,
2023 /PRNewswire/ -- 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
July 1, 2023 through September 30, 2023 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 October 2, 2023 – the divided payment date was
moved to October 2 as September 30 falls on a weekend -- to holders of
record on September 18, 2023.
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.
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 New York and New England. It is the
largest distributor of natural gas in the northeastern U.S.,
serving approximately 3.4 million customers in New York and New England.
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SOURCE Niagara Mohawk Power Corp.