Yes, dividends may be electronically deposited to your indicated bank account. To take advantage of this service, contact our transfer agent Computershare to set up this service at 866-202-2682 or there are detailed instructions on the top portion of the check you received.
On March 1, 1999, the Company used cash on hand to pay for the early redemption of the Series A Preferred Stock. The Company paid the redemption price, accrued cash dividends and a premium, totaling approximately $150 million. As a result of the early redemption of the Series A Preferred Stock, the Company avoided additional cash dividends of approximately $2.7 million that would have occurred through May 1, 1999 and $4 million quarterly through 2008. The preferred stock had an annual dividend rate of 11.40%.
No, there is no affiliation. El Paso Electric is a public utility engaged in the generation, transmission and distribution of electricity in west Texas and southern New Mexico. El Paso Corporation is a provider of natural gas products and services in North America.
El Paso Corporation's Investor Contact Information is: