baltimoresun.com

« Legg Mason stock jumps | Main | Mordashov loses $17 billion as Severstal stock dives »

October 29, 2008

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.

Posted by Jay Hancock at 11:16 AM | | Comments (0)
        

Post a comment

All comments must be approved by the blog author. Please do not resubmit comments if they do not immediately appear. You are not required to use your full name when posting, but you should use a real e-mail address. Comments may be republished in print, but we will not publish your e-mail address. Our full Terms of Service are available here.

Please enter the letter "u" in the field below:
About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Wednesdays and Fridays.
-- ADVERTISEMENT --

Most Recent Comments
Resources and Sun coverage
Stay connected