CenterPoint Energy declares regular Common Stock dividend of $0.1600 and Series B Preferred Stock dividend of $17.5000

Rhea-AI Summary

On April 23, 2021, CenterPoint Energy declared dividends for its Common Stock and Series B Mandatory Convertible Preferred Stock. The regular quarterly cash dividend for Common Stock is set at $0.1600 per share, payable on June 10, 2021, to shareholders recorded by May 20, 2021. For its Series B Preferred Stock, a regular dividend of $17.5000 per share is scheduled for payment on June 1, 2021, to shareholders of record as of May 15, 2021. This positions CenterPoint as a stable investment for income-seeking shareholders.

Positive

• Regular dividend of $0.1600 per share for Common Stock shows consistent income for shareholders.
• Series B Preferred Stock dividend of $17.5000 per share reflects company confidence in financial stability.

Negative

• None.

HOUSTON, April 23, 2021 /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 $0.1600 per share on issued and outstanding shares of Common Stock payable on June 10, 2021 to shareholders of record as of the close of business on May 20, 2021.

Series B Preferred Stock Dividend

The company's board of directors declared a regular quarterly cash dividend of $17.5000 per share on its 7.00% Series B Mandatory Convertible Preferred Stock payable on June 1, 2021 to shareholders of record as of the close of business on May 15, 2021. 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.

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.

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 December 31, 2020, the company owned approximately $33 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:
Phil Holder
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 for CenterPoint Energy's Common Stock is $0.1600 per share.

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

The Common Stock dividend will be paid on June 10, 2021.

What is the dividend amount for the Series B Mandatory Convertible Preferred Stock?

The dividend amount for the Series B Mandatory Convertible Preferred Stock is $17.5000 per share.

When will the Series B Preferred Stock dividend be paid by CenterPoint Energy?

The Series B Preferred Stock dividend will be paid on June 1, 2021.

What are the record dates for the dividends declared by CenterPoint Energy?

The record date for Common Stock dividends is May 20, 2021, and for Series B Preferred Stock dividends, it is May 15, 2021.