Northeast Utilities ( NU ) will begin trading ex-dividend on February 27, 2014. A cash dividend payment of $0.3925 per share is scheduled to be paid on March 31, 2014. Shareholders who purchased NU stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 6.8% increase over the prior quarter.
The previous trading day's last sale of NU was $44.42, representing a -2.72% decrease from the 52 week high of $45.66 and a 12.88% increase over the 52 week low of $39.35.
NU is a part of the Public Utilities sector, which includes companies such as NextEra Energy, Inc. ( NEE ) and Dominion Resources, Inc. ( D ). NU's current earnings per share, an indicator of a company's profitability, is $2.48. Zacks Investment Research reports NU's forecasted earnings growth in 2014 as 6.72%, compared to an industry average of .4%.
Interested in gaining exposure to NU through an Exchange Traded Fund [ETF]?
The following ETF(s) have NU as a top-10 holding:
- First Trust North American Energy Infrastructure Fund ( EMLP )
- iShares Morningstar Mid Value Index Fund ( JKI ).
The top-performing ETF of this group is JKI with an increase of 9.24% over the last 100 days. EMLP has the highest percent weighting of NU at 2.95%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.