CenterPoint Energy, Inc. (NYSE:CNP) Plans Dividend Increase – $0.24 Per Share

CenterPoint Energy, Inc. (NYSE:CNP) declared a quarterly dividend on Wednesday, July 15th. Stockholders of record on Thursday, August 20th will be given a dividend of 0.24 per share by the utilities provider on Thursday, September 10th. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, August 20th. This is a 4.3% increase from CenterPoint Energy’s previous quarterly dividend of $0.23.

CenterPoint Energy has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 5 years. CenterPoint Energy has a payout ratio of 48.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect CenterPoint Energy to earn $2.08 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 44.2%.

CenterPoint Energy Trading Up 1.3%

Shares of NYSE:CNP traded up $0.57 during mid-day trading on Thursday, reaching $43.29. 7,188,989 shares of the company’s stock were exchanged, compared to its average volume of 5,587,910. The firm has a market capitalization of $28.32 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 2.59 and a beta of 0.46. The business’s fifty day moving average price is $42.96 and its 200-day moving average price is $42.07. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.04 and a current ratio of 1.16. CenterPoint Energy has a twelve month low of $35.94 and a twelve month high of $45.22.

CenterPoint Energy (NYSE:CNP) last posted its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). The company had revenue of $2.98 billion during the quarter, compared to analyst estimates of $1.98 billion. CenterPoint Energy had a net margin of 11.38% and a return on equity of 10.56%. During the same quarter in the previous year, the company earned $0.53 earnings per share. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. On average, research analysts predict that CenterPoint Energy will post 1.91 EPS for the current fiscal year.

About CenterPoint Energy

CenterPoint Energy, Inc (NYSE: CNP) is a Houston-based regulated utility company that provides electric and natural gas delivery services and related infrastructure operations. The company’s principal activities center on the transmission and distribution of electricity in the greater Houston metropolitan area and the distribution of natural gas to customers across several states in the Midwest and South. As a vertically integrated utility, CenterPoint focuses on the reliable delivery of energy through owned and operated networks of lines, pipelines and associated facilities.

CenterPoint’s core businesses include regulated electric transmission and distribution services, regulated natural gas distribution, and the operation and maintenance of energy infrastructure.