CenterPoint Energy, Inc. (NYSE:CNP) Shareholders to Get $0.24 Quarterly Dividend

Key Points

• CenterPoint Energy declared a quarterly dividend of $0.24 per share, payable December 10 to shareholders of record on November 19. The dividend equates to $0.96 annually and a 2.6% yield.
• The dividend appears well covered, with a 51.1% payout ratio, five consecutive years of increases, and an expected future payout ratio of 46.2% based on projected earnings.
• CNP shares fell 0.7% to $36.55, near their 52-week low, while the company’s latest quarterly results exceeded expectations with earnings of $0.40 per share versus the $0.37 consensus estimate.

CenterPoint Energy, Inc. (NYSE:CNP - Get Free Report) declared a quarterly dividend on Thursday, September 24th. Stockholders of record on Thursday, November 19th will be given a dividend of $0.24 per share by the utilities provider on Thursday, December 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, November 19th.

CenterPoint Energy has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 5 years. CenterPoint Energy has a payout ratio of 51.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect CenterPoint Energy to earn $2.08 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 46.2%.

CenterPoint Energy Stock Down 0.7%

Shares of CNP traded down $0.27 during trading hours on Friday, hitting $36.55. The stock had a trading volume of 130,206 shares, compared to its average volume of 5,746,637. CenterPoint Energy has a 1-year low of $36.56 and a 1-year high of $45.26. The firm has a market capitalization of $24.08 billion, a P/E ratio of 21.50, a price-to-earnings-growth ratio of 2.50 and a beta of 0.46. The firm has a 50 day simple moving average of $40.37 and a 200-day simple moving average of $42.07. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.12 and a quick ratio of 0.97.

CenterPoint Energy (NYSE:CNP - Get Free Report) last issued its earnings results on Tuesday, July 28th. The utilities provider reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.03. CenterPoint Energy had a return on equity of 11.10% and a net margin of 11.61%.The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same period in the prior year, the firm earned $0.29 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Sell-side analysts predict that CenterPoint Energy will post 1.91 EPS for the current fiscal year.

CenterPoint Energy Company Profile

CenterPoint Energy, Inc NYSE: CNP is an energy delivery company headquartered in Houston, Texas. Its primary businesses include electric transmission and distribution and natural gas distribution, with operations focused on delivering energy to residential, commercial and industrial customers rather than producing most of the energy it supplies.

CenterPoint operates electric utility infrastructure in the Houston metropolitan area and in southwestern Indiana. The company also provides natural gas distribution services in Indiana, Louisiana, Mississippi and Ohio.

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