Entergy Texas Declares Quarterly Dividend on Preferred Stock

Rhea-AI Summary

Entergy Texas, Inc. has announced a quarterly dividend of $0.34 per share on its preferred stock, payable on July 15, 2020, to shareholders of record as of July 1, 2020. The company serves approximately 461,000 customers across 27 counties and is part of Entergy Corporation, which has an annual revenue of $11 billion. With a generating capacity of about 30,000 megawatts, Entergy maintains a significant presence in the energy sector, providing essential utility services in Texas and several other states.

Positive

• Quarterly dividend of $0.34 per share enhances shareholder income.
• Company demonstrates consistent dividend payments, indicating financial stability.

Negative

• None.

THE WOODLANDS, Texas, June 23, 2020 /PRNewswire/ -- The Board of Directors of Entergy Texas, Inc. (NYSE: ETI-PR) has declared a quarterly dividend of $0.34 per share of preferred stock. The payment date is July 15, 2020, to shareholders of record on July 1, 2020.

About Entergy Texas

Entergy Texas, Inc. provides electricity to approximately 461,000 customers in 27 counties. Entergy Corporation is 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.

entergytexas.com 
Twitter: @EntergyTX 
Facebook: Facebook.com/EntergyTX

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SOURCE Entergy Corporation

FAQ

What is the dividend amount declared by Entergy Texas?

Entergy Texas declared a quarterly dividend of $0.34 per share.

When will the dividend be paid?

The dividend will be paid on July 15, 2020.

What is the record date for the dividend payment?

The record date for the dividend payment is July 1, 2020.

How many customers does Entergy Texas serve?

Entergy Texas serves approximately 461,000 customers across 27 counties.

What is the annual revenue of Entergy Corporation?

Entergy Corporation has annual revenues of $11 billion.