Entergy Corporation (ETR) to Issue Quarterly Dividend of $0.68 on December 1st

Entergy Corporation (NYSE:ETR) announced a quarterly dividend on Friday, October 30th. Stockholders 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 dividend 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 raised its dividend every year for the last 10 years. Entergy has a dividend payout ratio of 62.5% meaning its dividend is sufficiently covered by earnings. Equities 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 Down 0.2%

Shares of NYSE:ETR opened at $111.44 on Wednesday. The business has a 50 day simple moving average of $105.00 and a two-hundred day simple moving average of $107.85. The firm has a market capitalization of $53.25 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 2.50 and a beta of 0.44. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.18 and a quick ratio of 0.93. Entergy has a 1 year low of $90.87 and a 1 year high of $118.44.

Entergy (NYSE:ETR) last released its earnings results on Monday, November 2nd. The utilities provider reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.25. Entergy had a return on equity of 11.44% and a net margin of 14.63%. The business had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter last year, the firm posted $1.53 earnings per share. On average, equities analysts predict that Entergy will post 4.41 EPS for the current year.

About Entergy

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.