Friday, May 28, 2010

Constellation Energy (NYSE:CEG) Declares Quarterly Dividend

The board of directors of Constellation Energy (NYSE:CEG) have declared a quarterly dividend of $0.24 a share, or $0.96 a share annualized.

Yield for the dividend, which is payable to shareholders of record at the close of business on June 10, 2010, on July 1, 2010, is 2.7 percent.

A motion to separate the roles of chairman and CEO Mayo A. Shattuck III was rejected at Friday's annual shareholder meeting,

Norges Bank, the central bank of Norway, had initiated the motion, which Constellation had advised their shareholders to reject.

Two-thirds of shareholders would have had to vote for the change in order for it to be enacted.

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