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Strategies & Market Trends : IPPs and Merchant Energy Co.s -- Ignore unavailable to you. Want to Upgrade?

To: robbie who wrote (3030)1/7/2004 8:29:41 AM
From: tom pope  Read Replies (1) | Respond to of 3358
 
DUK:

07:29 ET Duke Energy to maintain dividend, take charge (DUK) 20.03: Company announced that it will maintain annual div of $1.10 per share, countering rumors that the company would cut dividend. DUK will do so while reducing debt by $3.5 bln, to $4 bln, in Y04. Co. will also take $3.3 bln charge in Q4 to reduce exposure in merchant energy and intl businesses. Company reaffirms Y03 EPS objective of $1.20-1.25, ex charge.


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