Green Mountain Power Increases Quartely Dividend

first_imgDirectors of Green Mountain Power Corporation(NYSE:GMP) announced a quarterly cash dividend of $0.19 per share onthe utility’s Common Stock, payable December 31, 2002, to holders ofrecord at the close of business on December 14, 2002. The new indicatedannual dividend rate is $0.76, an increase over the previous indicatedannual rate of $0.55. The increased dividend payment is contingent on thesuccessful issuance of long-term debt, which is expected to be completedon or about December 16, 2002.The Company has arranged to issue $42 million in first mortgagebonds, with an average life of 12 years. This transaction, which willreplace substantially all of the Company’s short-term and intermediateterm debt, will satisfy the conditions set by the Vermont Public ServiceBoard for the Company to increase its dividend.In 1997 and 1998, faced with difficult financial results, theCompany reduced its dividend. “We have maintained an indicated annualdividend of 55 cents per share as we worked to restore the Company tofinancial health,” said Christopher L. Dutton, President and ChiefExecutive Officer. “With solid financial results achieved in 2001 and2002 following the Vermont Public Service Board’s January 2001 orderapproving a rate settlement that provided for full power supply costrecovery in rates, with the successful repurchase of common stock in thelast month, and with our scheduled issuance of long-term debt later thismonth, we now conclude that we are on solid ground to increase thedividend. The Company believes that, in light of the general practice inthe utility industry, it should pay out 50 percent to 60 percent ofanticipated earnings in dividends. Over the course of the next severalyears, we intend to increase our dividend in a measured, consistent mannerto this payout range, which we will sustain so long as our financialhealth seems assured. As earnings grow, of course, the opportunity forhigher dividend increases is presented.”Regular quarterly dividends of $1.1875 per share were also declaredpayableMarch 1, 2003, to holders of record at the close of business February 13,2003, of the Company’s 4.75% Class B Preferred Stock.Green Mountain Power Corporation (greenmountainpower.biz) is aVermont-based energy services company serving 87,000 electric customers.last_img read more

Masked against COVID-19, South Koreans return to class

first_imgHigh school students wearing face masks prepare for classes, with plastic covers placed on desks to prevent infection, as schools reopen following the global outbreak of the coronavirus disease in Daejeon, South Korea, May 20, 2020. YONHAP/VIA REUTERS SEOUL – South Korean high schools opened on Wednesday for the first time this year, with mask-wearing seniors returning to class in the vanguard of a phased plan to reopen all schools under strict protocols to prevent the spread of the novel coronavirus. The beginning of the spring semester has been postponed several times since March as South Korea battled the first large coronavirus outbreak outside China, with classes held online.center_img But with daily coronavirus cases sharply down since a February peak, teachers with thermometers and hand sanitisers welcomed seniors in masks at their high schools on Wednesday. (Reuters)last_img read more

An Exclusive Day of Fishing for Kids

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThis If you’re looking for something fun for your kids to do this summer, tomorrow is your chance. They’ll be able to enjoy a day of fishing exclusively for kids!Alpena’s Optimist Club is hosting an event just for kids, and allowing them to reel in some big ones.“We put about 400 fish in there and there’s some browns and there’s some bruck trout,” said Jim Seguin, Optimist Club VP.For over twenty years the club has hosted the free event, giving kids the opportunity to enjoy a safe day of fishing.“We really felt that there was a need for activities for the children and that’s what our main goal is to do stuff for the children and we thought what a great way to do this than to introduce the kids to fishing,” said Seguin.Guests won’t have to worry about bringing any fishing poles or bait, just their children!“There’s nothing better than to see a big smile on children’s face you know what I mean and they’re just so happy to get that fish,” said Seguin.The event will take place tomorrow at Culligan Plaza from 10am until 2pm. AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisContinue ReadingPrevious Trial Date Set for Ossineke Twp. Clerk Accused of Sexually Assaulting GrandchildNext Suspect Identified in String of Vehicle Thefts Around Rogers Citylast_img read more

Hunters squad for 2016 named

first_imgThe team was announced today by CEO of the PNG Rugby Football League, Bob Cutmore.There are 8 new faces in the side: Ishamel Baikawa, Benjamin Hetra,  Justin Olam, Watson Boas, Sailas Gahuna,  Anderson Benford,  Philemon Kimiseve and Tuvi Lepan.                  The Hunters squad will assemble in Port Moresby this week to finalise preparations for their third season in the Intrust Super Cup competition. “Both Enoch Maki (knee) and Anderson Benford (ankle) are recovering from pre-Christmas surgery in Australia and dependent on their rehab both should be available for the start of the season,” said Cutmore.He added that Hunters coach Michael Marum will fly to Brisbane next week to join Wayne Bennett and the Brisbane Broncos for a week of pre-season training.This will include discussions on the SP Hunters using the Broncos’ facilities for the captain’s run during the seasonThe squad:Stargroth Amen, Bland Abavu, Ishamel Baikawa, Anderson Benford, Ase Boas, Watson Boas, Nixon Borana, Sailas Gahuna, Warren Glare, Edward Goma, Benjamin Hetra, Philemon Kimiseve,  Adam Korave, Tuvi Lepan,Timothy Lomai, Enoch Maki, Justin Olam, Brandy Peter, Wartovo Puara, Esau Siune,  Thompson Teteh, Henry Wan, Ate Bina Wabo, Adex Wera, Noel Zeming.Additional Player: William AquilaDevelopment Players: Konnie Bernard, Simon Peter and John Ragi.last_img read more