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 dividend on an annualized basis 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 increased its dividend payment by an average of 0.1% annually over the last three years and has increased 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 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 Performance

Shares of ETR stock opened at $111.82 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 1.18 and a debt-to-equity ratio of 1.70. The business has a 50 day moving average of $105.00 and a two-hundred day moving average of $107.85. Entergy has a 52 week low of $90.87 and a 52 week high of $118.44. The company has a market cap of $53.43 billion, a P/E ratio of 25.70, a PEG ratio of 2.50 and a beta of 0.44.

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