Entergy Texas declares quarterly dividend on preferred stock

Rhea-AI Summary

The Entergy Texas board has declared a quarterly dividend of $0.3359375 per share on its Series A Preferred Stock, scheduled for payment on Oct. 15, 2022. This dividend will benefit shareholders on record as of Oct. 1, 2022. Entergy Texas, a subsidiary of Entergy Corporation, serves over 486,000 customers across 27 counties. The company is committed to a cleaner energy future, focusing on carbon-free energy sources.

Positive

• Declared a quarterly dividend of $0.3359375 per share, enhancing shareholder returns.
• Serves over 486,000 customers, indicating a solid customer base.
• Part of Entergy Corporation, a Fortune 500 company, providing stability.

Negative

• None.

THE WOODLANDS, Texas, Sept. 19, 2022 /PRNewswire/ -- The Entergy Texas, Inc. board of directors has declared a quarterly dividend payment of $0.3359375 per share on its Series A Preferred Stock. The dividend is payable Oct. 15, 2022, to shareholders of record as of Oct. 1, 2022.

About Entergy Texas

Entergy Texas, Inc. (NYSE: ETI-PR) provides electricity to more than 486,000 customers in 27 counties. Entergy Texas is a subsidiary of Entergy Corporation (NYSE: ETR), a Fortune 500 company headquartered in New Orleans. Entergy powers life for 3 million customers through its operating companies across Arkansas, Louisiana, Mississippi and Texas. Entergy is creating a cleaner, more resilient energy future for everyone with our diverse power generation portfolio, including increasingly carbon-free energy sources. With roots in the Gulf South region for more than a century, Entergy is a recognized leader in corporate citizenship, delivering more than $100 million in economic benefits to local communities through philanthropy and advocacy efforts annually over the last several years. Our approximately 12,000 employees are dedicated to powering life today and for future generations.

View original content to download multimedia:https://www.prnewswire.com/news-releases/entergy-texas-declares-quarterly-dividend-on-preferred-stock-301627442.html

SOURCE Entergy Corporation

FAQ

What is the dividend amount declared by Entergy Texas?

Entergy Texas declared a dividend of $0.3359375 per share on its Series A Preferred Stock.

When will the dividend be paid?

The dividend is payable on October 15, 2022.

Who is eligible for the dividend payment?

Shareholders of record as of October 1, 2022, are eligible for the dividend payment.

What is the significance of Entergy Texas's dividend?

The declared dividend signifies Entergy Texas's commitment to returning value to its shareholders.