Entergy Corporation (NYSE:ETR) Declares Quarterly Dividend of $0.68

Entergy Corporation (NYSE:ETR) declared a quarterly dividend on Friday, October 30th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.68 per share by the utilities provider on Tuesday, December 1st. This represents a $2.72 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, November 13th. This is a 6.3% increase from Entergy’s previous quarterly dividend of $0.64.

Entergy has raised its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 10 consecutive years. Entergy has a payout ratio of 62.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Entergy to earn $5.10 per share next year, which means the company should continue to be able to cover its $2.72 annual dividend with an expected future payout ratio of 53.3%.

Entergy Stock Up 0.0%

Shares of ETR opened at $111.82 on Wednesday. Entergy has a 52 week low of $90.87 and a 52 week high of $118.44. The stock has a market capitalization of $53.43 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 2.50 and a beta of 0.44. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.93 and a current ratio of 1.18. The stock has a fifty day moving average of $105.00 and a 200-day moving average of $107.85.

Entergy (NYSE:ETR) last released its quarterly earnings results on Monday, November 2nd. The utilities provider reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.25. The firm had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.12 billion. Entergy had a net margin of 14.63% and a return on equity of 11.44%. During the same quarter last year, the firm earned $1.53 earnings per share. As a group, sell-side analysts anticipate that Entergy will post 4.41 earnings per share for the current fiscal year.

Entergy Company Profile

Entergy Corporation is an investor-owned energy company headquartered in New Orleans. Its primary business is providing regulated electric utility service to residential, commercial and industrial customers. Through its utility subsidiaries, Entergy serves communities in Arkansas, Louisiana, Mississippi and Texas. Its operations include generating, transmitting and distributing electricity, with power produced from a mix of sources that includes nuclear energy. The company traces its corporate history to Middle South Utilities, which adopted the Entergy name in 1989.