CenterPoint Energy declares regular common stock dividend of $0.1600, Series A Preferred Stock dividend of $30.6250 and Series B Preferred Stock dividend of $17.5000

Rhea-AI Summary

CenterPoint Energy (NYSE: CNP) announced a regular quarterly cash dividend of $0.1600 per share on its Common Stock, reflecting a 6.7% increase from the previous dividend of $0.1500. This dividend will be payable on March 11, 2021, to stockholders of record as of February 18, 2021. Additionally, a semiannual dividend of $30.6250 for Series A Preferred Stock and a quarterly dividend of $17.5000 for Series B Preferred Stock were declared, both payable on March 1, 2021, to respective holders recorded as of February 15, 2021.

Positive

• Quarterly dividend increased by 6.7%, signaling confidence in financial stability.
• Total assets valued at approximately $33 billion, indicating strong asset base.

Negative

• None.

HOUSTON, Dec. 10, 2020 /PRNewswire/ -- CenterPoint Energy, Inc.'s (NYSE: CNP) board of directors today declared dividends on shares of its common stock, Series A Perpetual Preferred 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 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 March 11, 2021 to holders of Common Stock and Series C Preferred Stock of record at the close of business on February 18, 2021.  This quarterly dividend represents a 6.7 percent increase from the previous quarterly dividend of $0.1500 and, if annualized, would equate to $0.64 per share.

Series A Preferred Stock Dividend

The company's board of directors declared a regular semiannual cash dividend of $30.6250 per share on the issued and outstanding shares of Series A Preferred Stock payable March 1, 2021 to holders of Series A Preferred Stock of record at the close of business on February 15, 2021.

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 March 1, 2021 to holders of Series B Preferred Stock of record at the close of business on February 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.

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 September 30, 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 9,600 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, such as annualized dividends per share, 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:
Communications
Media.Relations@CenterPointEnergy.com
Investors:
David 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 in 2021?

The dividend amount for CenterPoint Energy's common stock is $0.1600 per share.

When will CenterPoint Energy's common stock dividend be paid?

The dividend will be payable on March 11, 2021.

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

The record date for the common stock dividend is February 18, 2021.

What are the dividend amounts for Series A and Series B Preferred Stock?

Series A Preferred Stock has a dividend of $30.6250 per share; Series B Preferred Stock has a dividend of $17.5000 per share.

When are the Series A and Series B Preferred Stock dividends payable?

Both dividends will be payable on March 1, 2021.