AVANGRID Declares Quarterly Dividend

Rhea-AI Summary

AVANGRID, Inc. (NYSE:AGR) has declared a quarterly dividend of $0.44 per share on its Common Stock, payable on April 1, 2021, to shareholders of record as of the close of business on March 5, 2021. The company, with approximately $36 billion in assets and operations across 24 U.S. states, operates through two main divisions: Avangrid Networks and Avangrid Renewables. It serves over 3.3 million customers and employs around 6,600 people, highlighting its commitment to sustainability and ethical practices.

Positive

• Quarterly dividend of $0.44 per share reflects company confidence.
• Stable operations across 24 U.S. states enhance revenue diversity.
• Significant asset base of $36 billion supports investor trust.

Negative

• None.

Today AVANGRID, Inc. (NYSE:AGR) announced that its Board of Directors declared a quarterly dividend of $0.44 per share on its Common Stock. This dividend is payable April 1, 2021 to shareholders of record at the close of business on March 5, 2021.

About AVANGRID: AVANGRID, Inc. (NYSE: AGR) is a leading, sustainable energy company with approximately $36 billion in assets and operations in 24 U.S. states. With headquarters in Orange, Connecticut, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 6,600 people. AVANGRID supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2019 and 2020 by the Ethisphere Institute. For more information, visit www.avangrid.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210216006083/en/

FAQ

What is the dividend amount for AGR in 2021?

AVANGRID has declared a dividend of $0.44 per share for the first quarter of 2021.

When is the payment date for AGR's dividend?

The dividend will be paid on April 1, 2021.

What is the record date for AGR's dividend?

Shareholders must be on record by March 5, 2021, to receive the dividend.

How often does AGR pay dividends?

AVANGRID typically pays dividends quarterly.

Is the dividend from AGR sustainable?

While the press release does not provide specific sustainability metrics, AVANGRID is recognized for its commitment to sustainable energy and ethical practices.