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CenterPoint Energy (NYSE: CNP ) announced that it has raised its quarterly dividend. The payout is $0.2075, up from the $0.2025 that was paid in the four preceding quarters. The new disbursement will be paid March 8 to shareholders of record as of the end of Feb. 15.
The company pointed out that it is continuing a streak of such raises. In its announcement, it quoted CEO David McClanahan as saying that "for the eighth consecutive year, CenterPoint Energy is increasing its dividend." He added: "This demonstrates a strong commitment to our shareholders, and it shows the confidence the board of directors has in our ability to deliver sustainable earnings and cash flow."