CenterPoint Energy, Inc. (CNP:NYSE) announced that the Board of Directors declared a regular quarterly cash dividend of $0.2675 per share of common stock, payable on March 10, 2017, to shareholders of record at the close of business on Feb. 16, 2017. This represents a 4 percent increase from the previous quarterly dividend of $0.2575 and if annualized would equate to $1.07 per share.
“The growth rate in our dividend is supported by solid earnings growth across all business segments,” said Scott M. Prochazka, president and chief executive officer of CenterPoint Energy. “The 4 percent increase is consistent with recent increases and marks the 12th consecutive year we have increased the dividend.”
CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. The company also owns a 54.1 percent limited partner interest in Enable Midstream Partners, a publicly traded master limited partnership it jointly controls with OGE Energy Corp., which owns, operates and develops natural gas and crude oil infrastructure assets. With more than 7,800 employees, CenterPoint Energy and its predecessor companies have been in business for more than 140 years. For more information, visit the website at www.CenterPointEnergy.com.
Source: CenterPoint Energy