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Security Details
- Coupon Rate
- 6.00%
- Liquidation Preference
- $100.00
- Call Price
- —
- Call / Redemption Date
- —
- Maturity Date
- None
- Distribution Period
- Q
- Rate Type
- Fixed
- Annual Distribution
- 6.00
- Distribution Dates
- 1/1, 4/1, 7/1 & 10/1
- Credit Ratings
- Moody's Baa2 · S&P BBB- (6/15/2025)
- Tax-Advantaged Dividends
- Yes
Security Profile
- CUSIP
- 644188302
- Market Cap
- Micro Cap
- Parent Company
- National Grid plc (NGG)
Business: New England Power Co., 6.00% Series Cumulative Preferred Stock, par value $100 per share, noncallable, and with no mandatory redemption. Distributions of 6.00% ($6.00) per annum paid quarterly on 1/1, 4/1, 7/1 & 10/1. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders. New England Power Co. is a wholly-owned subsidiary of New England Electric System, now National Grid USA, a wholly-owned subsidiary of National Grid plc (NYSE: NGG).
Company Contact
- Investor Relations
- Kwok.liu@nationalgrid.com