CenterPoint Energy declares regular common stock dividend of $0.1500 and Series B Preferred Stock dividend of $17.5000

Rhea-AI Summary

On October 29, 2020, CenterPoint Energy, Inc. (NYSE: CNP) announced the declaration of dividends on its Common Stock and Series B Mandatory Convertible Preferred Stock. A quarterly cash dividend of $0.1500 per share for Common Stock will be payable on December 10, 2020, to shareholders of record as of November 19, 2020. Additionally, a quarterly cash dividend of $17.5000 per share for Series B Preferred Stock will be payable on December 1, 2020, to holders of record as of November 15, 2020, adjusted to November 13, 2020.

Positive

• Regular Common Stock dividend of $0.1500 per share indicates consistent income for shareholders.
• Series B Preferred Stock dividend of $17.5000 per share reflects company confidence in financial stability.

Negative

• None.

HOUSTON, Oct. 29, 2020 /PRNewswire/ -- CenterPoint Energy, Inc.'s (NYSE: CNP) board of directors today declared dividends on shares of its common stock and Series B Mandatory Convertible Preferred Stock.

Common Stock Dividend

The company's board of directors declared a regular quarterly cash dividend of $0.1500 per share on the issued and outstanding shares of Common Stock. The dividend will also be payable to holders of shares of Series C Mandatory Convertible Preferred Stock which participate with the Common Stock on an as-converted basis. The dividend will be payable December 10, 2020 to holders of Common Stock and Series C Preferred Stock of record at the close of business on November 19, 2020.

Series B Preferred Stock Dividend

The company's board of directors declared a regular quarterly cash dividend of $17.5000 per share on the issued and outstanding shares of Series B Preferred Stock payable December 1, 2020 to holders of Series B Preferred Stock of record at the close of business on November 15, 2020. As November 15, 2020 falls on a Sunday, the effective record date for the dividend will be the close of business on November 13, 2020. This equates to $0.8750 per depositary share (NYSE: CNPPRB), each of which represents a 1/20^th interest in a share of the Series B Mandatory Convertible Preferred Stock.

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, 2020, the company owned approximately $32 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 9,600 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. Any statements in this news release regarding future events and any other statements that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release speaks only as of the date of this release.

For more information contact
Media:
Media Relations
Media.Relations@centerpointenergy.com  
Investors:
Dave Mordy
Phone 713.207.6500

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SOURCE CenterPoint Energy, Inc.

FAQ

What is the dividend amount for CenterPoint Energy's Common Stock?

The dividend amount declared for CenterPoint Energy's Common Stock is $0.1500 per share.

When will the dividend for CenterPoint Energy's Common Stock be paid?

The dividend for CenterPoint Energy's Common Stock will be paid on December 10, 2020.

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

The record date for the Common Stock dividend is November 19, 2020.

What is the dividend amount for CenterPoint Energy's Series B Preferred Stock?

The dividend amount for CenterPoint Energy's Series B Preferred Stock is $17.5000 per share.

When will the dividend for CenterPoint Energy's Series B Preferred Stock be paid?

The dividend for CenterPoint Energy's Series B Preferred Stock will be paid on December 1, 2020.

What is the record date for CenterPoint Energy's Series B Preferred Stock dividend?

The record date for the Series B Preferred Stock dividend is November 15, 2020, with an effective date of November 13, 2020.