AGL Resources Board of Directors Declares Quarterly Dividend
03 Maggio 2016 - 7:00PM
ATLANTA - May 3, 2016 - The
Board of Directors of AGL Resources Inc. (NYSE: GAS) today declared
a quarterly dividend of $0.53 per share on the company's common
stock. The dividend will be paid on June 1, 2016, to
shareholders of record at the close of business on May 13,
2016. This marks the 274th consecutive dividend the company
has paid since 1948.
While timing around the close of the proposed merger between AGL
Resources and The Southern Company is expected to occur in the
second half of 2016, should the proposed merger close prior to the
corresponding quarter's dividend record date, the company does not
expect to pay a pro-rata dividend.
About AGL Resources
AGL Resources (NYSE: GAS) is an Atlanta-based energy
services holding company which owns and operates natural gas
utilities, as well as retail energy and services, wholesale
services and midstream businesses. AGL Resources serves
approximately 4.5 million utility customers through its regulated
distribution subsidiaries in seven states. The company also serves
more than one million retail customers through its SouthStar Energy
Services joint venture and Pivotal Home Solutions, which market
natural gas and related home services. Other non-utility businesses
include asset management for natural gas wholesale customers
through Sequent Energy Management and ownership and operation of
natural gas storage facilities. AGL Resources is a Fortune 500
company and a member of the S&P 500 Index. For more
information, visit www.aglresources.com.
Cautionary
Statements Regarding Forward-Looking Information
This release contains forward-looking statements
which are made pursuant to safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements include statements, among other things, concerning the
expected timing of the completion of the proposed merger with The
Southern Company. These forward-looking statements are often
characterized by the use of words such as "expect," "anticipate,"
"plan," "believe," "may," "should," "will," "could," "continue" and
the negative or plural of these words and other comparable
terminology. Although we believe that the expectations reflected in
such forward-looking statements are reasonable, such statements
involve risks and uncertainties and undue reliance should not be
placed on such statements. Certain material factors or assumptions
are applied in making forward-looking statements, including, but
not limited to, factors and assumptions regarding the items
outlined above. Actual results may differ materially from those
expressed or implied in such statements. Important factors that
could cause actual results to differ materially from these
expectations include, among other things, the following: the
failure to receive, on a timely basis or otherwise, the required
approvals by government or regulatory agencies (including the terms
of such approvals); the possibility that long-term financing for
the transaction may not be put in place prior to the closing; the
risk that a condition to closing of the merger or the committed
financing may not be satisfied; the possibility that the
anticipated benefits from the transaction cannot be fully realized
or may take longer to realize than expected; the possibility that
costs related to the integration of The Southern Company and AGL
Resources will be greater than expected; the credit ratings of the
combined company or its subsidiaries may be different from what the
parties expect; the ability to retain and hire key personnel and
maintain relationships with customers, suppliers or other business
partners; the diversion of management time on transaction-related
issues; the impact of legislative, regulatory and competitive
changes; and other risk factors relating to the energy industry, as
detailed from time to time in our reports filed with the Securities
and Exchange Commission. There can be no assurance that the
transaction will in fact be consummated.
Additional information about
these factors and about the material factors or assumptions
underlying such forward-looking statements may be found in the body
of this release, as well as under Item 1.A in our Annual Report on
Form 10-K for the fiscal year ended December 31, 2015. We caution
that the foregoing list of important factors that may affect future
results is not exhaustive. When relying on forward-looking
statements, investors and others should carefully consider the
foregoing factors and other uncertainties and potential events. All
subsequent written and oral forward-looking statements concerning
the transaction or other matters attributable to AGL Resources or
any other person acting on their behalf are expressly qualified in
their entirety by the cautionary statements referenced above. The
forward-looking statements contained herein speak only as of the
date of this release. We do not undertake any obligation to update
or revise any forward-looking statement, except as may be required
by law.
Contact:
Sarah Stashak
Director, Investor Relations
Office: 404-584-4577
sstashak@aglresources.com
Kristie Swink Benson, APR
Director, PR & Media Relations
Office: 404-584-3167
kbenson@aglresources.com
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: AGL Resources via Globenewswire
HUG#2009486
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