CenterPoint Energy, Inc. Plans Quarterly Dividend of $0.22 (NYSE:CNP)

Key Points

• CenterPoint Energy, Inc. has declared a quarterly dividend of $0.22 per share, payable on December 11, to shareholders of record as of November 20, representing an annual yield of 2.3%.
• The company's dividend payout ratio stands at 46.8%, indicating that earnings sufficiently cover the dividend, with analysts projecting earnings of $1.87 per share for the next year.
• CenterPoint Energy's stock recently traded at $38.26, with a market capitalization of $24.98 billion and a P/E ratio of 26.76.

CenterPoint Energy, Inc. (NYSE:CNP - Get Free Report) declared a quarterly dividend on Thursday, September 25th, RTT News reports. Shareholders of record on Thursday, November 20th will be given a dividend of 0.22 per share by the utilities provider on Thursday, December 11th. This represents a c) dividend on an annualized basis and a yield of 2.3%.

CenterPoint Energy has a dividend payout ratio of 46.8% meaning its dividend is sufficiently covered by earnings. Analysts expect CenterPoint Energy to earn $1.87 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 47.1%.

CenterPoint Energy Price Performance

CNP stock traded down $0.75 during midday trading on Thursday, reaching $38.26. The company had a trading volume of 9,051,909 shares, compared to its average volume of 4,653,143. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.79 and a quick ratio of 0.61. CenterPoint Energy has a 1 year low of $28.57 and a 1 year high of $39.39. The company has a market capitalization of $24.98 billion, a P/E ratio of 26.76, a P/E/G ratio of 2.85 and a beta of 0.58. The firm has a 50-day moving average price of $38.09 and a 200-day moving average price of $37.15.

CenterPoint Energy (NYSE:CNP - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.15). CenterPoint Energy had a net margin of 10.42% and a return on equity of 9.16%. The business had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $2.20 billion. During the same period last year, the company posted $0.36 EPS. CenterPoint Energy has set its FY 2025 guidance at 1.740-1.760 EPS. On average, research analysts anticipate that CenterPoint Energy will post 1.75 earnings per share for the current fiscal year.

About CenterPoint Energy

CenterPoint Energy, Inc operates as a public utility holding company in the United States. The company operates through two segments, Electric and Natural Gas. The Electric segment includes electric transmission and distribution services to electric customers and electric generation assets, as well as optimizes assets in the wholesale power market.

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