NRG Energy, Inc. Announces Quarterly Dividend

Rhea-AI Summary

NRG Energy, Inc. (NYSE:NRG) has declared a quarterly dividend of $0.3775 per share, translating to an annualized rate of $1.51. This represents an 8% increase from the previous year, aligning with the company's dividend growth target of 7-9% per share. The dividend payment is scheduled for February 15, 2023, for stockholders on record as of February 1, 2023. NRG focuses on delivering innovative energy solutions while advocating for competitive energy markets and sustainability.

Positive

• 8% increase in quarterly dividend reflects strong financial performance.
• Dividends paid on February 15, 2023, enhance shareholder returns.

Negative

• None.

HOUSTON--(BUSINESS WIRE)-- NRG Energy, Inc. (NYSE:NRG) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.3775 per share, or $1.51 per share on an annualized basis. This dividend represents an 8% increase from the prior year, in line with the Company’s previously announced annual dividend growth rate target of 7-9% per share. The dividend is payable on February 15, 2023, to stockholders of record as of February 1, 2023.

About NRG

At NRG, we’re bringing the power of energy to people and organizations by putting customers at the center of everything we do. We generate electricity and provide energy solutions and natural gas to millions of customers through our diverse portfolio of retail brands. A Fortune 500 company operating in the United States and Canada, NRG delivers innovative solutions while advocating for competitive energy markets and customer choice, working towards a sustainable energy future. More information is available at www.nrg.com. Connect with NRG on Facebook, LinkedIn and follow us on Twitter @nrgenergy.

Safe Harbor

This communication contains forward-looking statements that may state NRG’s or its management’s intentions, beliefs, expectations or predictions for the future. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, and typically can be identified by the use of words such as “will,” “expect,” “estimate,” “anticipate,” “forecast,” “plan,” “believe” and similar terms. Although NRG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, risks and uncertainties related to the capital markets generally.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230120005338/en/

Investors:

Kevin L. Cole, CFA

609.524.4526

investor.relations@nrg.com

Media:

Laura Avant

713.537.5437

laura.avant@nrg.com

Source: NRG Energy, Inc.

FAQ

What is the quarterly dividend declared by NRG Energy?

NRG Energy has declared a quarterly dividend of $0.3775 per share.

When will NRG Energy's dividend be paid?

The dividend will be paid on February 15, 2023.

What is the annualized dividend amount for NRG Energy?

The annualized dividend amount for NRG Energy is $1.51 per share.

What is the percentage increase in NRG Energy's dividend?

The dividend increased by 8% compared to the prior year.

What is the record date for NRG Energy's dividend?

The record date for NRG Energy's dividend is February 1, 2023.