CenterPoint Energy Lifts Dividend

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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."

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Related Tickers

8/23/2016 4:01 PM
CNP $22.85 Down -0.09 -0.39%
CenterPoint Energy CAPS Rating: ****