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ITC Holdings Corp. Declares Dividend to Shareholders

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.

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