NRG Energy, Inc. (NYSE:NRG – Get Free Report) announced a quarterly dividend on Wednesday, July 22nd. Investors of record on Monday, August 3rd will be paid a dividend of 0.475 per share by the utilities provider on Monday, August 17th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, August 3rd.
NRG Energy has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. NRG Energy has a dividend payout ratio of 22.7% meaning its dividend is sufficiently covered by earnings. Analysts expect NRG Energy to earn $11.31 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 16.8%.
NRG Energy Stock Up 6.2%
NYSE:NRG traded up $8.21 during mid-day trading on Wednesday, hitting $139.81. The company had a trading volume of 2,614,644 shares, compared to its average volume of 2,618,981. The business has a fifty day simple moving average of $135.06 and a 200-day simple moving average of $149.18. The firm has a market capitalization of $29.50 billion, a price-to-earnings ratio of 164.48 and a beta of 1.21. NRG Energy has a 1 year low of $120.11 and a 1 year high of $189.96. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 4.68.
About NRG Energy
NRG Energy (NYSE: NRG) is a U.S.-based integrated power company headquartered in Houston, Texas. The company develops, owns and operates a diversified portfolio of power generation assets and participates in wholesale and retail energy markets. NRG supplies electricity to utilities, commercial and industrial customers, and retail consumers, while also providing energy-related products and services designed to manage consumption and support reliability.
NRG’s generation mix includes conventional thermal plants as well as renewable and distributed energy resources.
See Also
- Five stocks we like better than NRG Energy
- Could Truth API Become Trump Media’s First Meaningful Revenue Driver?
- Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying
- Moog Is More Than a Missile Maker, and Wall Street Is Noticing
- A Boring Dividend Growth Strategy Becomes a Solid Defensive Play
Receive News & Ratings for NRG Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NRG Energy and related companies with MarketBeat.com's FREE daily email newsletter.
