CenterPoint Energy, Inc. (NYSE:CNP) has declared a quarterly dividend of $0.23 per share, an increase of 4.5% from its previous payout. The dividend, representing an annualized $0.92 and a 2.2% yield, is payable on March 12 to shareholders of record on February 19. The company’s dividend appears well-covered with a payout ratio of 48.9%, five consecutive years of increases, and analysts forecasting strong future earnings.
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CenterPoint Energy, Inc. (NYSE:CNP) to Issue Quarterly Dividend of $0.23
CenterPoint Energy, Inc. (NYSE:CNP) has declared a quarterly dividend of $0.23 per share, an increase of 4.5% from its previous payout. The dividend, representing an annualized $0.92 and a 2.2% yield, is payable on March 12 to shareholders of record on February 19. The company’s dividend appears well-covered with a payout ratio of 48.9%, five consecutive years of increases, and analysts forecasting strong future earnings.