Electric utility dividend changes during 1991
Journal Article
·
· Fortnightly; (United States)
OSTI ID:7200372
Utility dividend declarations during 1991 reflected a normalcy of years gone by that has been absent since the early 1980s. There were no new dividend cuts or omissions for the first time since 1983, and dividends were increased by 68 percent (55 of a sample of 81 utilities that account for about 95 percent of investor-owned utility capital). This contrasts with the periodic dividend cuts and omissions of the previous seven years and is a milestone in the ending of the era of nuclear imprudence disallowances. Dividend cuts and omissions, of course, have been the most visible aspects of the financial distress caused by large imprudence disallowances. Nuclear plant construction has all but ended, and the related financial distress and dividend retrenchments are passing as well.
- OSTI ID:
- 7200372
- Journal Information:
- Fortnightly; (United States), Journal Name: Fortnightly; (United States) Vol. 129:4; ISSN FRTNE8
- Country of Publication:
- United States
- Language:
- English
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