Exelon Corporation Announces New Dividend Policy and Declares Dividend
January 30 2018 - 11:14AM
Business Wire
The Board of Directors of Exelon Corporation announced an
updated dividend policy targeting 5 percent annual dividend growth
for the period covering 2018 through 2020. The new policy builds on
the 2.5 percent annual dividend growth plan implemented in
2016.
“Exelon’s business position has continued to strengthen since
2016 with more earnings coming from our regulated utilities
following the PHI acquisition, sustained industry leading utility
earnings per share growth and greater stability for our generation
fleet with the Illinois and New York zero emissions credit programs
that sustain these carbon free, low cost assets,” said Christopher
M. Crane, Exelon’s president and CEO. “We’ve also continued to
focus on cost management and prudent balance sheet management. I am
pleased we are able to share more of our financial success with our
shareholders through this updated dividend policy.”
In light of the updated dividend policy, the board declared a
regular quarterly dividend of $0.345 per share on Exelon’s common
stock, a 5 percent increase from the previous amount of $0.3275.
The dividend is payable on March 9, 2018, to shareholders of record
of Exelon as of 5 p.m. New York time on Feb. 15, 2018.
About Exelon Corporation
Exelon Corporation (NYSE: EXC) is a Fortune 100 energy company
with the largest number of utility customers in the U.S. Exelon
does business in 48 states, the District of Columbia and Canada and
had 2016 revenue of $31.4 billion. Exelon’s six utilities deliver
electricity and natural gas to approximately 10 million customers
in Delaware, the District of Columbia, Illinois, Maryland, New
Jersey and Pennsylvania through its Atlantic City Electric, BGE,
ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one
of the largest competitive U.S. power generators, with more than
33,300 megawatts of nuclear, gas, wind, solar and hydroelectric
generating capacity comprising one of the nation’s cleanest and
lowest-cost power generation fleets. The company’s Constellation
business unit provides energy products and services to
approximately 2.2 million residential, public sector and business
customers, including more than two-thirds of the Fortune 100.
Follow Exelon on Twitter @Exelon.
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version on businesswire.com: http://www.businesswire.com/news/home/20180130005975/en/
Exelon Investor RelationsDaniel
Eggers312-394-2345daniel.eggers@exeloncorp.comorExelon Corporate
CommunicationsPaul
Adams410-470-4167paul.adams@constellation.com
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