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Strategies & Market Trends : Dividend investing for retirement
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From: JimisJim11/1/2012 6:29:49 PM
1 Recommendation  Read Replies (1) of 34328
 
EXC conference call mentions dividend -- it is possible they will cut it:

From their transcript of conference call:

Now let's talk about our financial priorities and some actions we have taken as a result of the volatility we've seen in the markets and to give ourselves some more opportunity. So turning to Slide 6. Our #1 priority is to remain investment grade across all our registrants. Our investment grade rating is fundamental to the business, given our sizable collateral requirements, our counterparty and customer relationships and our significant nuclear capital expenditure.

In close proximity of importance, our next financial priority is returning value to the shareholders through our dividend. We understand the importance of the value of the dividend to our shareholders.

>>>snip<<<

It is, of course, also possible that the power prices will not recover as completely or as rapidly as our fundamental views suggest. In that regard, with the actions we've taken, we have time to see how things play out. But if they do not play out favorably in the next 6 months, revisiting our dividend policy will be in the range of options for preserving our investment-grade rating that management and the board will need to consider.
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