NRG Energy, Inc. (NYSE:NRG) to Issue Quarterly Dividend of $0.44

Key Points

• NRG Energy, Inc. declared a quarterly dividend of $0.44 per share, with the ex-dividend date set for November 3rd and payment scheduled for November 17th.
• The company has a low dividend payout ratio of 21.0%, indicating that its dividend is well-covered by earnings, with expectations for future earnings at $9.78 per share.
• As of the latest trading session, NRG Energy's stock fell 1.0%, closing at $167.01, following a recent earnings report that showed a miss against analysts' estimates.

NRG Energy, Inc. (NYSE:NRG - Get Free Report) declared a quarterly dividend on Monday, October 20th. Shareholders of record on Monday, November 3rd will be paid a dividend of 0.44 per share by the utilities provider on Monday, November 17th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Monday, November 3rd.

NRG Energy has a dividend payout ratio of 21.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect NRG Energy to earn $9.78 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 18.0%.

NRG Energy Stock Down 1.0%

NYSE:NRG traded down $1.73 on Monday, reaching $167.01. The stock had a trading volume of 1,766,660 shares, compared to its average volume of 3,018,186. NRG Energy has a 12-month low of $79.57 and a 12-month high of $175.96. The stock has a market cap of $32.31 billion, a P/E ratio of 75.57 and a beta of 1.14. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 5.99. The company has a 50-day moving average of $158.08 and a 200 day moving average of $146.19.

NRG Energy (NYSE:NRG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.68 EPS for the quarter, missing analysts' consensus estimates of $1.72 by ($0.04). NRG Energy had a net margin of 1.78% and a return on equity of 88.22%. The business had revenue of $6.74 billion during the quarter, compared to analysts' expectations of $6.63 billion. During the same period in the prior year, the company posted $3.37 EPS. The company's revenue for the quarter was up 1.2% on a year-over-year basis. On average, research analysts predict that NRG Energy will post 6.36 earnings per share for the current year.

NRG Energy Company Profile

NRG Energy, Inc, together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions.

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