according to my back of the envelope, if it saves 3.75 percent on 100 million, thats 3.75 million a year, divided by 40.1 million shares outstanding. approx 9.35 cents per share annual income increase due to lower financing expenses.
It's ironic that the two best income stocks have such similar ticker symbols... ED and EDE The current market sell off is an opportunity to add to positions. I'm never too worried about the divy because these utilities are so well managed and have such a lengthly track record of reliability. I'll be buying more Ed @ 40 and EDE @ 17