Evergy Inc. (EVRG) To Go Ex-Dividend on November 21st

Evergy Inc. (NASDAQ:EVRG) declared a quarterly dividend on Thursday, November 6th. Shareholders of record on Friday, November 21st will be given a dividend of 0.695 per share on Friday, December 19th. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, November 21st. This is a 4.1% increase from Evergy’s previous quarterly dividend of $0.67.

Evergy has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 20 years. Evergy has a dividend payout ratio of 62.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Evergy to earn $4.03 per share next year, which means the company should continue to be able to cover its $2.67 annual dividend with an expected future payout ratio of 66.3%.

Evergy Stock Up 0.0%

Shares of NASDAQ:EVRG opened at $75.59 on Friday. Evergy has a 1 year low of $59.67 and a 1 year high of $79.32. The company has a market capitalization of $17.40 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 3.56 and a beta of 0.61. The business has a fifty day moving average price of $75.18 and a two-hundred day moving average price of $71.05. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.50 and a quick ratio of 0.27.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings results on Thursday, November 6th. The company reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.11). The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Evergy had a return on equity of 8.62% and a net margin of 14.29%.Evergy’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the firm posted $2.02 earnings per share. Evergy has set its FY 2025 guidance at 3.920-4.020 EPS. Analysts forecast that Evergy will post 3.83 earnings per share for the current year.

About Evergy

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities.