FirstEnergy Corporation (NYSE:FE) Stock to Pay Quarterly Dividend of $0.47

FirstEnergy Corporation (NYSE:FE) declared a quarterly dividend on Tuesday, September 29th. Stockholders of record on Friday, November 6th will be given a dividend of $0.4650 per share by the utilities provider on Tuesday, December 1st. This represents a $1.86 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, November 6th.

FirstEnergy has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 3 years. FirstEnergy has a payout ratio of 68.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect FirstEnergy to earn $2.95 per share next year, which means the company should continue to be able to cover its $1.86 annual dividend with an expected future payout ratio of 63.1%.

FirstEnergy Trading Up 1.3%

FE opened at $43.59 on Wednesday. The stock has a market capitalization of $25.22 billion, a PE ratio of 23.19, a P/E/G ratio of 2.49 and a beta of 0.45. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.45 and a current ratio of 0.54. FirstEnergy has a one year low of $42.67 and a one year high of $52.34. The business’s 50 day moving average price is $46.66 and its 200 day moving average price is $47.57.

FirstEnergy (NYSE:FE) last posted its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. FirstEnergy had a net margin of 6.86% and a return on equity of 10.51%. The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same quarter last year, the company posted $0.52 EPS. As a group, equities research analysts expect that FirstEnergy will post 2.74 EPS for the current year.

FirstEnergy Company Profile

FirstEnergy Corp. is an electric utility holding company focused primarily on regulated electricity transmission and distribution. Through its operating companies, the company delivers electricity to residential, commercial and industrial customers and maintains the infrastructure needed to support reliable service.

FirstEnergy’s utility subsidiaries include Ohio Edison, The Illuminating Company and Toledo Edison in Ohio; Met-Ed, Penelec, Penn Power and West Penn Power in Pennsylvania; Jersey Central Power & Light in New Jersey; and Mon Power and Potomac Edison in West Virginia and Maryland.