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Article: Nevada Power Company Declares Common Dividend
- Article from:
- PR Newswire
- Article date:
- July 1, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LAS VEGAS, July 1 /PRNewswire/ -- Nevada Power Company's (NYSE: NVP) Board of Directors declared a quarterly cash dividend today of 40 cents per share on its common stock, payable August 3, 1998, to shareholders of record on July 10, 1998.
The Company's stock is listed on the New York Stock Exchange and on the Pacific Exchange under the symbol "NVP".
In conjunction with the proposed merger between Nevada Power Company and Sierra Pacific Resources, Nevada Power Company's Board of Directors stated that, after it pays the August 1998 dividend payment, it intends to adopt the expected combined company initial dividend rate of $1.00 per share per year ...