FirstEnergy (NYSE:FE) is keeping the dividend juice flowing. The company has declared a fresh common stock distribution of $0.55 per share, to be paid on September 1 to shareholders of record as of Aug. 7. That amount is in line with all of the firm's regular payouts stretching back to March 2008. Before that, FirstEnergy handed out $0.50 per share.
Typically for a utility, the company is a very steady dividend payer, although it rarely lifts its distribution. Over the past 10 years, its payout has ranged from $0.375 to the present level.
The just-declared dividend annualizes to $2.20 per share. That yields 5.7% at FirstEnergy's most recent closing stock price of $38.33.