Entergy Texas Declares Quarterly Dividend on Preferred Stock

Rhea-AI Summary

Entergy Texas has announced a quarterly dividend of $0.336 per share of preferred stock, payable on October 15, 2020, to shareholders of record as of September 30, 2020. This dividend reflects the company's ongoing commitment to returning value to its investors. Entergy Texas serves approximately 461,000 customers across 27 counties, contributing to Entergy Corporation's total annual revenues of $11 billion.

Positive

• Quarterly dividend of $0.336 per share enhances shareholder value.
• Consistent revenue generation with annual revenue of $11 billion.
• Serves approximately 461,000 customers, indicating stable operations.

Negative

• None.

THE WOODLANDS, Texas, Sept. 18, 2020 /PRNewswire/ -- The board of directors of Entergy Texas, Inc. (NYSE: ETI-PR) has declared a quarterly dividend of $0.336 per share of preferred stock. The payment date is Oct. 15, 2020, to shareholders of record on Sept. 30, 2020.

About Entergy Texas
Entergy Texas, Inc. provides electricity to approximately 461,000 customers in 27 counties. Entergy Texas is a subsidiary of Entergy Corporation, an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, including 8,000 megawatts of nuclear power. Entergy delivers electricity to 2.9 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of $11 billion and approximately 13,600 employees.

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SOURCE Entergy Corporation