CenterPoint Energy, Inc. (NYSE:CNP) Increases Dividend to $0.24 Per Share

CenterPoint Energy, Inc. (NYSE:CNP) announced a quarterly dividend on Wednesday, July 15th. Investors of record on Thursday, August 20th will be paid a dividend of 0.24 per share by the utilities provider on Thursday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, August 20th. This is a 4.3% increase from CenterPoint Energy’s previous quarterly dividend of $0.23.

CenterPoint Energy has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 5 years. CenterPoint Energy has a dividend payout ratio of 48.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect CenterPoint Energy to earn $2.08 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 44.2%.

CenterPoint Energy Stock Performance

NYSE:CNP traded up $0.57 during mid-day trading on Thursday, reaching $43.29. 7,188,989 shares of the stock were exchanged, compared to its average volume of 5,587,910. The stock has a market capitalization of $28.32 billion, a P/E ratio of 26.56, a P/E/G ratio of 2.59 and a beta of 0.46. CenterPoint Energy has a 1 year low of $35.94 and a 1 year high of $45.22. The company has a 50 day simple moving average of $42.96 and a 200-day simple moving average of $42.07. The company has a quick ratio of 1.04, a current ratio of 1.16 and a debt-to-equity ratio of 1.96.

CenterPoint Energy (NYSE:CNP) last issued its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). The firm had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $1.98 billion. CenterPoint Energy had a net margin of 11.38% and a return on equity of 10.56%. During the same quarter in the prior year, the firm posted $0.53 EPS. CenterPoint Energy has set its FY 2026 guidance at 1.890-1.910 EPS. Analysts anticipate that CenterPoint Energy will post 1.91 earnings per share for the current fiscal year.

About CenterPoint Energy

CenterPoint Energy, Inc (NYSE: CNP) is a Houston-based regulated utility company that provides electric and natural gas delivery services and related infrastructure operations. The company’s principal activities center on the transmission and distribution of electricity in the greater Houston metropolitan area and the distribution of natural gas to customers across several states in the Midwest and South. As a vertically integrated utility, CenterPoint focuses on the reliable delivery of energy through owned and operated networks of lines, pipelines and associated facilities.

CenterPoint’s core businesses include regulated electric transmission and distribution services, regulated natural gas distribution, and the operation and maintenance of energy infrastructure.