CenterPoint Energy (NYSE: CNP ) is keeping true to its steady nature and maintaining its quarterly dividend policy. The company announced that it will distribute $0.2075 per share of its common stock on June 10 to shareholders of record as of May 16. This amount matches CenterPoint's previous payout, which was dispensed in February. Before that, the company distributed $0.2025 per share.
The company is a very steady and predictable dividend payer. It tends to raise that payout at the beginning of every year.
The current dividend annualizes to $0.83 per share. That yields 3.4% at CenterPoint's current stock price of $24.32.
More Expert Advice from The Motley Fool
The Motley Fool's chief investment officer has selected his No. 1 stock for the next year. Find out which stock in our brand-new free report: "The Motley Fool's Top Stock for 2013." I invite you to take a copy, free for a limited time. Just click here to access the report and find out the name of this under-the-radar company.
No comments:
Post a Comment