Special Pro Rata Dividends to be Paid to AGL Resources and Nicor Shareholders
ATLANTA, Dec 9, 2011 /PRNewswire/ -- AGL Resources (NYSE: AGL) today announced that in accordance with the dividend synchronization plan announced on November 1, Nicor Inc. shareholders of record as of the close of business December 8, 2011, will receive a prorated final dividend of $0.005054348 per share per day (or $0.34875 per share for the stub period), accruing from October 1, 2011. In addition, AGL Resources shareholders of record as of the close of business December 8, 2011, will receive a pro rata dividend of $0.004945055 per share per day (or $0.09890 for the stub period), accruing from November 19, 2011. These pro rata dividends synchronize the companies' dividends as of the December 9, 2011 merger effective date in accordance with the merger agreement and will be paid on December 16, 2011.
Shareholders of the combined company will receive a pro rata dividend of $0.004945055 per share per day (or $0.35110 for the stub period), accruing from and including the effective date of the merger through February 17, 2012. This pro rata dividend will be paid on March 1, 2012 to shareholders of record on February 17, 2012.
About AGL Resources
AGL Resources (NYSE: AGL) is an Atlanta-based energy services holding company with operations in natural gas distribution, retail operations, wholesale services, midstream operations and cargo shipping. As the nation's largest natural gas-only distributor based on customer count, AGL Resources serves approximately 4.5 million utility customers through its regulated distribution subsidiaries in seven states. The company also serves more than one million retail customers through its SouthStar Energy Services joint venture and Nicor National, which market natural gas and related home services. Other non-utility businesses include asset management for natural gas wholesale customers through Sequent Energy Management, ownership and operation of natural gas storage facilities, and ownership of Tropical Shipping, one of the largest containerized cargo carriers serving the Bahamas and Caribbean region. AGL Resources is a member of the S&P 500 Index. For more information, visit www.aglresources.com.
SOURCE AGL Resources