Great Plains Energy Incorporated Declares Dividends
November 01 2016 - 9:53AM
Business Wire
Great Plains Energy (NYSE: GXP) today announced that its Board
of Directors approved a quarterly dividend of $0.2750 per share on
its common stock. The Company’s current annual dividend level is
$1.10 per share. The common dividend will be payable December 20,
2016 to shareholders of record as of November 29, 2016. The shares
will begin to trade ex-dividend on November 25, 2016.
The Board of Directors also declared a quarterly dividend on the
Company’s newly issued 7.00% Series B Mandatory Convertible
Preferred Stock. The dividend will be payable December 15, 2016 to
shareholders of record as of December 1, 2016.
About The Companies:
Headquartered in Kansas City, Mo., Great Plains Energy
Incorporated is the holding company of Kansas City Power &
Light Company (KCP&L) and KCP&L Greater Missouri Operations
Company, two of the leading regulated providers of electricity in
the Midwest. KCP&L and KCP&L Greater Missouri Operations
Company use KCP&L as a brand name. More information about the
companies is available on the Internet at:
www.greatplainsenergy.com or www.kcpl.com.
Forward-Looking
Statements:
Statements made in this communication that are not based on
historical facts are forward-looking, may involve risks and
uncertainties, and are intended to be as of the date when made.
Forward-looking statements include, but are not limited to,
statements relating to Great Plains Energy’s proposed acquisition
of Westar Energy, Inc. (“Westar”) the outcome of regulatory
proceedings, cost estimates of capital projects and other matters
affecting future operations. In connection with the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995,
Great Plains Energy and KCP&L are providing a number of
important factors that could cause actual results to differ
materially from the provided forward-looking information. These
important factors include: future economic conditions in regional,
national and international markets and their effects on sales,
prices and costs; prices and availability of electricity in
regional and national wholesale markets; market perception of the
energy industry, Great Plains Energy and KCP&L changes in
business strategy, operations or development plans; the outcome of
contract negotiations for goods and services; effects of current or
proposed state and federal legislative and regulatory actions or
developments, including, but not limited to, deregulation,
re-regulation and restructuring of the electric utility industry;
decisions of regulators regarding rates the Companies can charge
for electricity; adverse changes in applicable laws, regulations,
rules, principles or practices governing tax, accounting and
environmental matters including, but not limited to, air and water
quality; financial market conditions and performance including, but
not limited to, changes in interest rates and credit spreads and in
availability and cost of capital and the effects on derivatives and
hedges, nuclear decommissioning trust and pension plan assets and
costs; impairments of long-lived assets or goodwill; credit
ratings; inflation rates; effectiveness of risk management policies
and procedures and the ability of counterparties to satisfy their
contractual commitments; impact of terrorist acts, including, but
not limited to, cyber terrorism; ability to carry out marketing and
sales plans; weather conditions including, but not limited to,
weather-related damage and their effects on sales, prices and
costs; cost, availability, quality and deliverability of fuel; the
inherent uncertainties in estimating the effects of weather,
economic conditions and other factors on customer consumption and
financial results; ability to achieve generation goals and the
occurrence and duration of planned and unplanned generation
outages; delays in the anticipated in-service dates and cost
increases of generation, transmission, distribution or other
projects; Great Plains Energy's ability to successfully manage its
transmission joint ventures or to integrate or restructure the
transmission joint ventures of Westar; the inherent risks
associated with the ownership and operation of a nuclear facility
including, but not limited to, environmental, health, safety,
regulatory and financial risks; workforce risks, including, but not
limited to, increased costs of retirement, health care and other
benefits; the ability of Great Plains Energy to obtain the
regulatory approvals necessary to complete the anticipated
acquisition of Westar and the terms of those approvals; the risk
that a condition to the closing of the anticipated acquisition of
Westar or the committed debt or equity financing may not be
satisfied or that the anticipated acquisition may fail to close;
the failure to obtain, or to obtain on favorable terms, any
financings necessary to complete or permanently finance the
anticipated acquisition of Westar and the costs of such financing;
the outcome of any legal proceedings, regulatory proceedings or
enforcement matters that may be instituted relating to the
anticipated acquisition of Westar; the costs incurred to consummate
the anticipated acquisition of Westar; the possibility that the
expected value creation from the anticipated acquisition of Westar
will not be realized, or will not be realized within the expected
time period; the credit ratings of Great Plains Energy following
the anticipated acquisition of Westar; disruption from the
anticipated acquisition of Westar making it more difficult to
maintain relationships with customers, employees, regulators or
suppliers; the diversion of management time and attention on the
proposed transactions; and other risks and uncertainties.
This list of factors is not all-inclusive because it is not
possible to predict all factors. Other risk factors are detailed
from time to time in Great Plains Energy’s and KCP&L’s
quarterly reports on Form 10-Q and annual report on Form 10-K filed
with the Securities and Exchange Commission. Each forward-looking
statement speaks only as of the date of the particular statement.
Great Plains Energy and KCP&L undertake no obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future events or otherwise.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161101006081/en/
Great Plains EnergyInvestors:Calvin Girard,
816-654-1777Senior Manager, Investor
Relationscalvin.girard@kcpl.comorMedia:Katie McDonald,
816-556-2365Senior Director, Corporate
Communications,katie.mcdonald@kcpl.com
Evergy (NYSE:EVRG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Evergy (NYSE:EVRG)
Historical Stock Chart
From Apr 2023 to Apr 2024