Northeast Utilities Inc. is raising its quarterly dividend 8 percent, effective with its March payout, suggesting the Hartford-based regional supplier of electricity and natural gas performed well in the fourth quarter.
NU, scheduled next week to brief Wall Street analysts on its fourth-quarter and 2009 annual results, says it will pay 25.625 cents a share on March 31 to shareholders of record as of March 1.
NU said the new annualized rate of $1.025 a share is an increase of 7.5 cents a share from its previous annual rate of 95 cents share, in effect since last March.
