Eversource Energy (ES), formerly Northeast Utilities, will raise its quarterly dividend to $0.475 per share.
The increased dividend will be payable on March 31, 2017, to shareholders of record as of the close of business on March 2, 2017.
"This increase signals the confidence we have in our regulated business model, strong financial condition and expected earnings growth," said Jim Judge, president and chief executive officer of Eversource Energy.
Eversource Energy, formerly Northeast Utilities, is a utility holding company engaged in the energy delivery business. Eversource operates through three segments: electric distribution, electric transmission and natural gas distribution.