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 ( is aVermont-based energy services company serving 87,000 electric customers.last_img read more

Enjoy your very own private marina berth with unit purchase

first_img Pavillions 23/1 Airport Drive, Hamilton Island is for sale for $3,650,000.Lynn Milsom, from Hamilton Island Real Estate is selling Pavillions 23/1 Airport Drive, which has also been renovated and includes a media room and spa.The three-bedroom, three-bathroom apartment is $3.65 million and has views across the marina, Dent Island and the Whitsunday waters. MORE QLD REAL ESTATE NEWS: AUSTRALIA’S INCREDIBLE SHRINKING HOUSES Pavillions 23/1 Airport Drive, Hamilton Island is for sale for $3,650,000.CASHED-UP buyers are willing to spend millions on luxury apartments in the Whitsundays, with the rare opportunity of leaving their “toys” at their doorsteps.Totalling more than $10 million, three luxury apartments at the Pavillions on Hamilton Island, developed by former Australian swimmer Lisa Curry and now ex-husband and former Ironman Grant Kenny, are on the market, each with private marina berths. DEVELOPER CREATES STANDOUT MANCAVEcenter_img Pavillions, Hamilton Island is a stunning place to live.Last month he sold a unit in the same complex for $3.5 million to an older couple who enjoyed the boating lifestyle.“A lot of people have owned these units since being built. They don’t turn over very often. Only a select few are holiday rentals, most are private use.”The overseas owners of Pavillions 17, 1 Airport Drive are ready to sell having not been able to utilise their investment frequently.More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours agoQueensland Sotheby’s International Realty’s Wayne Singleton said inquiries for the single-level ground floor apartment were strong.Priced at $3.5 million, he said buyers could easily leave their “toys” at the front.“Fly in and within five minutes you’ll be at your private residence,” he said.“You don’t have to go overseas to have this type of luxury.”There is also a four-seater buggy with a private single-buggy garage included in this package, he said. LOOKING FOR A LIFESTYLE CHANGE? Hamilton Island’s Pavillions 3, is for sale.With 20 apartments in the complex, built around 2004, Hamilton Island Real Estate selling agent Liam Kearney said the single-level apartment at Pavillions 3/1 Airport Drive, was priced at $3.65 million and had recent renovations done to the kitchen, bedroom and bathroom.The four-bedroom, three-bathroom has a garage and marina berth for a vessel up to 60ft. “The owners are from interstate and they have had it for long time. There’s a really good holiday rental history to it,” Mr Kearney said.Mr Kearney said a property of that calibre would rent between $995 to $1110 a night.last_img read more

Ransomware Technologys most devastating cyberattack and one mans accidental break

first_imgAdvertisement If you’ve been following recent happenings in the technology world, you must have heard the news about some “virus” that attacked and disabled health systems in the UK, leaving thousands of patients stuck in limbo.Running under the name “WanaCrypt0r” or WannaCry, the ransomware demanded that users pay $300 worth of cryptocurrency Bitcoin to retrieve their files, though it warned that the “payment would be raised” after a certain amount of time.The orchestraters of this malware were creative enough to craft translations of this ransom message in at least 28 languages. – Advertisement – Ransonmware, for the uninitiated, is a type of malicious software that carries out the (cryptoviral) extortion attack from cryptovirology that blocks access to data until a ransom is paid.It displays a message requesting payment before it can be unlocked. Simple ransomware may lock the system in a manner that is not difficult for a knowledgeable person to reverse (Wikipedia).Around the globe, Wannacry continued to wreak havoc in many a system, harvesting estimated hundreds of thousands of dollars in the process.This was until one security expert inadvertently stopped the malware in its tracks. The tech world’s latest hero, a 22-year old reclusive security specialist who chooses to hide behind his tech blog – Malware Tech – is as a security researcher at Los Angeles-based Kryptos Logic.Malware Tech studied the malware’s behavior and noticed that as soon as it installed itself on a new machine, it tried to send a message to an unregistered Internet address, or domain name.The malware contained code that pinged an unregistered web address, and if it didn’t get back a message saying the address didn’t exist, it would turn itself off.The bulk of his work was done as soon as he had identified this. His next step was to register the domain and see what would follow. Little did he know that by doing so, he had inadvertently stopped what is believed to be one of the world’s biggest cyber-attacks in recent times.Computers that were already infected with the ransomware weren’t protected but the ransomware stopped spreading except in isolated systems, said Craig Williams, a senior technical leader at American security company Cisco Talos.Are we out of the woods yet?Not yet, Malware Tech says. “This is not over. The attackers will realize how we stopped it. they’ll change the code and then they’ll start again. Enable windows update, update and then reboot”, he adds.Obviously the guys that did the first code aren’t – in Ugandan speak – “sleeping”. One slight modification of the code and the world’s rear will be on fire again.The folks at Microsoft certainly foresaw this when they released a security patch a couple of months back – March 14, 2017 – to be exact, though computers that have not installed the security update remain vulnerable.I had been stubborn of late, procrastinating deployment of my Windows fixes (because I was trying to avoid the several restarts that come with these), but I have finally been cornered after the VPNs I use got locked until I have the required fixes in place.Is your system protected?last_img read more