CenterPoint Energy (NYSE:CNP) is keeping true to its steady nature and maintaining its quarterly dividend policy. The company announced that it will distribute $0.2075 per share of its common stock on June 10 to shareholders of record as of May 16. This amount matches CenterPoint's previous payout, which was dispensed in February. Before that, the company distributed $0.2025 per share.
The company is a very steady and predictable dividend payer. It tends to raise that payout at the beginning of every year.
The current dividend annualizes to $0.83 per share. That yields 3.4% at CenterPoint's current stock price of $24.32.
Fool contributor Eric Volkman has no position in CenterPoint Energy. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.