ITC Holdings Raises Dividend 13%
The board of directors said the quarterly dividend is payable on Sept. 16 to the holders of record at the close of business on Sept. 3. ITC has paid a quarterly dividend every year since 2005 and has increased the payout annually thereafter.
The regular dividend payment equates to a $1.70-per-share annual dividend, yielding 1.9% based on the closing price today of ITC Holdings' stock.
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