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23
PART II
Item 5. Market for the Registrants' Common Equity and Related Stockholder Matters
NU. Our common shares are listed on the New York Stock Exchange. The ticker symbol is "NU," although it is frequently presented as
"Noeast Util" and/or "NE Util" in various financial publications. The high and low sales prices for the past two years, by quarter, are
shown below.
Y
ea
r
Quarte
r
High Low
2010 First $ 28.00 $ 24.68
Second 28.21 24.83
Third 30.25 25.24
Fourth 32.21 29.51
2009 First $ 25.05 $ 19.45
Second 22.40 19.99
Third 24.72 21.38
Fourth 26.33 22.54
There were no purchases made by or on behalf of our company or any "affiliated purchaser" (as defined in Rule 10b-18(a)(3) under the
Securities Exchange Act of 1934), of common stock during the fourth quarter of the year ended December 31, 2010.
As of January 31, 2011, there were 40,210 registered common shareholders of our company on record. As of the same date, there
were a total of 195,808,704 common shares issued. There were no unallocated ESOP shares held in the ESOP trust as of
December 31, 2010.
Pursuant to NU parent's Shareholder Rights Plan (the "Plan"), NU parent distributed to shareholders of record as of May 7, 1999, a
dividend in the form of one common share purchase right (a "Right") for each common share owned by the shareholder. The Rights
and the Plan expired at the end of the 10-year term on February 23, 2009.
On February 8, 2011, our Board of Trustees declared a dividend of 27.5 cents per share, payable on March 31, 2011 to shareholders of
record as of March 1, 2011.
On October 12, 2010, our Board of Trustees declared a dividend of 25.625 cents per share, payable on December 31, 2010 to
shareholders of record as of December 1, 2010.
On July 12, 2010, our Board of Trustees declared a dividend of 25.625 cents per share, payable on September 30, 2010 to
shareholders of record as of September 1, 2010.
On April 13, 2010, our Board of Trustees declared a dividend of 25.625 cents per share, payable on June 30, 2010 to shareholders of
record as of June 1, 2010.
On February 9, 2010, our Board of Trustees declared a dividend of 25.625 cents per share, payable on March 31, 2010 to shareholders
of record as of March 1, 2010.
On October 13, 2009, our Board of Trustees declared a dividend of 23.75 cents per share, payable on December 31, 2009 to
shareholders of record as of December 1, 2009.
On July 14, 2009, our Board of Trustees declared a dividend of 23.75 cents per share, payable on September 30, 2009 to shareholders
of record as of September 1, 2009.
On April 14, 2009, our Board of Trustees declared a dividend of 23.75 cents per share, payable on June 30, 2009 to shareholders of
record as of June 1, 2009.
On February 10, 2009, our Board of Trustees declared a dividend of 23.75 cents per share, payable on March 31, 2009 to shareholders
of record as of March 1, 2009.
Information with respect to dividend restrictions for us, CL&P, PSNH, and WMECO is contained in Item 7, Management's Discussion
and Analysis of Financial Condition and Results of Operations, under the caption "Liquidity" and Item 8, Financial Statements and
Supplementary Data, in the Combined Notes to Consolidated Financial Statements, within this Annual Report on Form 10-K.
There is no established public trading market for the common stock of CL&P, PSNH and WMECO. All of the common stock of CL&P,
PSNH and WMECO is held solely by NU.
During 2010 and 2009, CL&P approved and paid $217.7 million and $113.8 million, respectively, of common stock dividends to NU.