Great Plains Energy (NYSE: GXP) today announced that its Board of
Directors approved a quarterly dividend of $0.2125 per share on its
common stock. This action continues Great Plains Energy’s indicated
annual dividend level of $0.85 per share. The common dividend will be
payable June 20, 2012 to shareholders of record as of May 30, 2012. The
shares will begin to trade ex-dividend on May 25, 2012. The Board
of Directors also declared regular dividends on the Company’s 3.80%,
4.20%, 4.35% and 4.50% series of preferred stock, payable September 1,
2012 to shareholders of record as of August 13, 2012. The shares will
begin to trade ex-dividend on August 9, 2012.
About The Companies:
Headquartered in Kansas City, Mo., Great Plains Energy Incorporated is
the holding company of Kansas City Power & Light Company (KCP&L) and
KCP&L Greater Missouri Operations Company, two of the leading regulated
providers of electricity in the Midwest. KCP&L and KCP&L Greater
Missouri Operations use KCP&L as a brand name. More information about
the companies is available on the Internet at: www.greatplainsenergy.com
or www.kcpl.com.
Forward-Looking Statements:
Statements made in this release that are not based on historical facts
are forward-looking, may involve risks and uncertainties, and are
intended to be as of the date when made. Forward-looking statements
include, but are not limited to, the outcome of regulatory proceedings,
cost estimates of capital projects and other matters affecting future
operations. In connection with the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, Great Plains Energy and KCP&L
are providing a number of important factors that could cause actual
results to differ materially from the provided forward-looking
information.