NOVI — ITC Holdings Corp. (NYSE: ITC) announced that its board of directors has declared a quarterly cash dividend on ITC common stock of 3.525 cents per share.
The dividend is payable Dec. 15 to shareholders of record as of Dec. 1.
ITC Holdings is the nation’s largest independent electricity transmission company. Based in Novi, ITC invests in the electric transmission grid to improve system reliability, expand access to markets, lower the overall cost of delivered energy and allow new generating resources to interconnect to its transmission systems.
ITC’s regulated operating subsidiaries include ITCTransmission, Michigan Electric Transmission Co., ITC Midwest and ITC Great Plains. Through these subsidiaries, ITC owns and operates high-voltage transmission facilities in Michigan, Iowa, Minnesota, Illinois, Missouri and Kansas, serving a combined peak load exceeding 25,000 megawatts along 15,000 circuit miles of transmission line. Through ITC Grid Development and its subsidiaries, the company also focuses on expansion in areas where significant transmission system improvements are needed.
More at www.itc-holdings.com.