Novi-based ITC Holdings Corp. (NYSE: ITC) Thursday announced that its board of directors has declared a quarterly cash dividend on ITC common stock of 3.5 cents a share.

The dividend is payable March 15 to shareholders of record as of March 1.

The largest independent electricity transmission company in the country, ITC currently operates high-voltage transmission systems and assets in Michigan’s Lower Peninsula and portions of Iowa, Minnesota, Illinois, Missouri and Kansas, serving a combined peak load in excess of 25,000 megawatts through its regulated operating subsidiaries, ITCTransmission, Michigan Electric Transmission Co., ITC Midwest and ITC Great Plains.¬†

ITC also focuses on further expansion in areas where significant transmission system improvements are needed through ITC Grid Development and its subsidiaries.

More at www.itc-holdings.com.

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