CenterPoint Energy announces increase in Common Stock dividend

Rhea-AI Summary

CenterPoint Energy, Inc. (NYSE: CNP) announced an increase in its quarterly cash dividend from $0.16 to $0.17 per share. The new dividend will be paid on December 9, 2021, to shareholders recorded as of close on November 18, 2021. This decision highlights the company’s commitment to delivering shareholder value and reflects its solid financial performance.

Positive

• Increase in quarterly cash dividend from $0.16 to $0.17 per share.
• Dividend payment scheduled for December 9, 2021.

Negative

• None.

HOUSTON, Sept. 30, 2021 /PRNewswire/ -- CenterPoint Energy, Inc.'s (NYSE: CNP) board of directors today declared an increase in the company's regular quarterly cash dividend from $0.16 to $0.17 per share on the issued and outstanding shares of Common Stock. This increase will be effective with the dividend payment to be distributed on December 9, 2021 to shareholders of record at the close of business on November 18, 2021.

About CenterPoint Energy
As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. As of June 30, 2021, the company owned approximately $36 billion in assets and also owned 53.7 percent of the common units representing limited partner interests in Enable Midstream Partners, LP, a publicly traded master limited partnership that owns, operates and develops strategically located natural gas and crude oil infrastructure assets. With approximately 9,500 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

For more information contact
Media:
Communications
Media.Relations@CenterPointEnergy.com
Investors:
Philip Holder / Jackie Richert
Phone        713.207.6500

 

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SOURCE CenterPoint Energy, Inc.

FAQ

What is the new dividend amount for CenterPoint Energy (CNP)?

The new dividend amount for CenterPoint Energy is $0.17 per share.

When will CenterPoint Energy's dividend be paid?

The dividend will be paid on December 9, 2021.

What is the record date for CenterPoint Energy's dividend?

The record date for the dividend is November 18, 2021.

How often does CenterPoint Energy pay dividends?

CenterPoint Energy pays dividends quarterly.

Is the increase in dividend sustainable for CenterPoint Energy (CNP)?

The increase suggests confidence in financial stability, but sustainability should be evaluated with future earnings.