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Zimmer coal conversion won't hurt stockholders
Cincinnati analysts say Cincinnati Gas and Electric Co likely to maintain steady dividends despite converting Zimmer Nuclear Power Station to coal. Experts cite ongoing cash flow, regular 54 cent yearly dividend, and the market’s dislike of dividend cuts, while noting uncertainties and higher-than-average yields.
MENTIONED IN THIS ARTICLE
Cincinnati
Cincinnati Gas and Electric Co
Zimmer
Fulton Holmes
New York
Morgan Stanley & Co
Bruce Stoecklin
Cg&e
Holmes
Lan Schick
Gradison & Co
Shick
Public Service of
Indiana
Public Service
Ohio
Schick
Jeff Hoffman
Smith
Barney Harris Upham