NRG Energy, Inc. Announces Quarterly Dividend

Rhea-AI Summary

NRG Energy, Inc. (NYSE: NRG) announced a quarterly dividend of $0.35 per share, reflecting an 8% increase from the previous year, aligned with its annual growth target of 7-9%. The dividend will be paid on February 15, 2022 to shareholders on record as of February 1, 2022. This initiative underscores NRG's commitment to enhancing shareholder value through consistent dividend growth.

Positive

• Declared a quarterly dividend of $0.35 per share.
• 8% increase in dividend from the prior year.
• Aligned with annual dividend growth target of 7-9%.

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 $0.35 per share, or $1.40 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, 2022 to stockholders of record as of February 1, 2022.

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/20220120006121/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 dividend amount declared by NRG?

NRG has declared a quarterly dividend of $0.35 per share.

When will NRG's dividend be paid?

The dividend will be payable on February 15, 2022.

What is the record date for NRG's dividend?

The record date for NRG's dividend is February 1, 2022.

What is NRG's annual dividend growth target?

NRG's annual dividend growth target is set between 7-9%.