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NRG Energy Raises Dividend

By Eric Volkman - Apr 19, 2013 at 9:12PM

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The company hikes its distribution by 33%.

NRG Energy (NRG 2.27%) 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.

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NRG Energy, Inc. Stock Quote
NRG Energy, Inc.
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