NRG Energy (NYSE:NRG) is about to hand out more money to its shareholders. The company will distribute $0.12 per share of its common stock on May 15 to shareholders of record as of May 1. That amount represents a 33% increase on the company's three previous disbursements, each of which tallied $0.09 per share. The most recent of these was paid at the end of January.

NRG Energy can hardly be characterized as a longtime dividend payer. The just-announced payout is the fourth in its history; the company only began dispensing such monies last summer.

The new dividend annualizes to $0.48 per share. That yields 1.8% at NRG Energy's current stock price of $27.26.

Fool contributor Eric Volkman has no position in NRG Energy. The Motley Fool has no position in NRG Energy. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.