Entergy Texas Declares Quarterly Dividend on Preferred Stock

Rhea-AI Summary

The board of directors of Entergy Texas, Inc. (NYSE: ETI.PR) announced a quarterly dividend of $0.3359375 per share on its preferred stock. This dividend will be payable on January 15, 2022 to shareholders on record as of December 30, 2021. Entergy Texas serves approximately 473,000 customers across 27 counties and is a subsidiary of Entergy Corporation, which generates around $10 billion in annual revenue and has a diverse energy portfolio, including 7,000 megawatts of nuclear capacity.

Positive

• Quarterly dividend payment of $0.3359375 per share boosts shareholder income.
• Stable dividend payment signifies confidence in financial stability.

Negative

• None.

THE WOODLANDS, Texas, Dec. 17, 2021 /PRNewswire/ -- The board of directors of Entergy Texas, Inc. (NYSE: ETI-PR) has declared a quarterly dividend payment of $0.3359375 per share of preferred stock. The dividend is payable Jan. 15, 2022, to shareholders of record as of Dec. 30, 2021.

About Entergy Texas

Entergy Texas, Inc. provides electricity to approximately 473,000 customers in 27 counties. Entergy Texas is a subsidiary of Entergy Corporation (NYSE: ETR), an integrated energy company engaged in electric power production, transmission and retail distribution operations. Entergy delivers electricity to 3 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy owns and operates one of the cleanest large-scale U.S. power generating fleets with approximately 30,000 megawatts of electric generating capacity, including 7,000 megawatts of nuclear power. Headquartered in New Orleans, Louisiana, Entergy has annual revenues of $10 billion and approximately 12,500 employees.

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SOURCE Entergy Corporation

FAQ

What is the dividend amount declared by Entergy Texas?

Entergy Texas has declared a quarterly dividend of $0.3359375 per share on its preferred stock.

When is the dividend payable for Entergy Texas preferred stock?

The dividend is payable on January 15, 2022.

What is the record date for the dividend payment by Entergy Texas?

The record date for the dividend payment is December 30, 2021.

How many customers does Entergy Texas serve?

Entergy Texas provides electricity to approximately 473,000 customers.

What is Entergy Corporation's annual revenue?

Entergy Corporation has annual revenues of about $10 billion.