Constellation Energy has not cut its dividend
People keep asking me if Constellation Energy has cut its dividend. The answer is no. That doesn't mean it won't at some point. But it hasn't. Says a spokesman:
On October, 17th, the board declared a quarterly dividend of 47.75 cents per share on the company's common stock, equivalent to $1.91 per share annually. The dividend is payable Jan. 2, 2009, to shareholders of record at the close of business on Dec. 10, 2008. This dividend amount is consistent with the dividend we have paid the prior three quarters.
The company has said nothing about cutting future dividends.
