BALTIMORE, Jan. 30 /PRNewswire-FirstCall/ -- Constellation Energy
(NYSE: CEG) today announced that its board of directors declared a quarterly
dividend of 37.75 cents per share on the company's common stock, equivalent to
$1.51 per share annually. This dividend declaration represents a 12.7 percent
increase over the previous quarterly dividend rate in recognition of the
company's strong performance in 2005 and future growth prospects.
Prior to this increase, Constellation Energy paid quarterly dividends on
its common stock at the rate of 33.5 cents per share, equivalent to the annual
rate of $1.34 per share.
The dividend is payable April 3, 2006, to shareholders of record at the
close of business on March 10, 2006.
In addition, Baltimore Gas and Electric Company (BGE) declared quarterly
dividends at the specified rates for all its outstanding preference stock,
payable April 3, 2006, to shareholders of record at the close of business on
March 10, 2006.
Constellation Energy (http://www.constellation.com), a FORTUNE 200
company based in Baltimore, is the nation's largest competitive supplier of
electricity to large commercial and industrial customers and the nation's
largest wholesale power seller. Constellation Energy also manages fuels and
energy services on behalf of energy intensive industries and utilities. It
owns a diversified fleet of more than 100 generating units located throughout
the United States, totaling approximately 12,000 megawatts of generating
capacity. The company delivers electricity and natural gas through the
Baltimore Gas and Electric Company (BGE), its regulated utility in Central
Maryland. In 2004, the combined revenues of the integrated energy company
totaled $12.5 billion.
SOURCE Constellation Energy
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Related links:
http://www.constellation.com
Company News On-Call:
http://www.prnewswire.com/comp/084087.html
CONTACT:
Media Contacts: Robert L. Gould or Angelique
Rewers, +1-410-234-7433; or Investor Contact: Kevin Hadlock,
+1-410-783-3647, all of Constellation Energy
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