FirstEnergy Corporation to Issue Quarterly Dividend of $0.45 (NYSE:FE)

FirstEnergy Corporation (NYSE:FE) announced a quarterly dividend on Tuesday, September 23rd, RTT News reports. Shareholders of record on Friday, November 7th will be paid a dividend of 0.445 per share by the utilities provider on Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, November 7th.

FirstEnergy has a dividend payout ratio of 65.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect FirstEnergy to earn $2.89 per share next year, which means the company should continue to be able to cover its $1.78 annual dividend with an expected future payout ratio of 61.6%.

FirstEnergy Price Performance

FE stock opened at $44.07 on Thursday. The stock’s 50 day moving average is $43.06 and its two-hundred day moving average is $41.54. FirstEnergy has a 52-week low of $37.58 and a 52-week high of $44.58. The company has a market capitalization of $25.44 billion, a PE ratio of 19.50, a P/E/G ratio of 2.69 and a beta of 0.50. The company has a quick ratio of 0.51, a current ratio of 0.61 and a debt-to-equity ratio of 1.68.

FirstEnergy (NYSE:FE) last released its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The business had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.45 billion. FirstEnergy had a net margin of 9.31% and a return on equity of 11.31%. During the same quarter last year, the company earned $0.56 earnings per share. FirstEnergy has set its FY 2025 guidance at 2.400-2.600 EPS. Analysts predict that FirstEnergy will post 2.66 earnings per share for the current fiscal year.

About FirstEnergy

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. It operates through Regulated Distribution and Regulated Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities.