FirstEnergy Corporation (NYSE:FE) to Issue Quarterly Dividend of $0.47

FirstEnergy Corporation (NYSE:FE – Get Free Report) declared a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Friday, August 7th will be paid a dividend of 0.465 per share by the utilities provider on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, August 7th.

FirstEnergy has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 3 years. FirstEnergy has a dividend payout ratio of 68.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect FirstEnergy to earn $2.95 per share next year, which means the company should continue to be able to cover its $1.86 annual dividend with an expected future payout ratio of 63.1%.

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FirstEnergy Stock Up 1.8%

FE opened at $49.28 on Thursday. The business has a 50 day moving average of $46.99 and a 200-day moving average of $48.06. The stock has a market capitalization of $28.51 billion, a price-to-earnings ratio of 26.78, a P/E/G ratio of 2.32 and a beta of 0.47. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 1.87. FirstEnergy has a 1-year low of $41.03 and a 1-year high of $52.34.

FirstEnergy (NYSE:FE – Get Free Report) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.72. The business had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.80 billion. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. FirstEnergy’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 earnings per share. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. As a group, sell-side analysts anticipate that FirstEnergy will post 2.74 earnings per share for the current year.

About FirstEnergy

(Get Free Report)

FirstEnergy Corp. (NYSE: FE) is a U.S.-based electric utility holding company headquartered in Akron, Ohio. The company’s primary business is the delivery of electricity through its regulated transmission and distribution utilities, serving residential, commercial and industrial customers across parts of the Midwest and Mid‑Atlantic. FirstEnergy’s service territory includes states such as Ohio, Pennsylvania, New Jersey, Maryland and West Virginia, and it operates primarily within the PJM regional transmission organization.

FirstEnergy’s core activities center on owning and operating electric distribution networks and transmission systems, maintaining and upgrading grid infrastructure, managing storm response and restoration, and offering customer programs that include energy efficiency and reliability services.

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