Entergy Corporation (ETR) to Issue Quarterly Dividend of $0.64 on March 2nd

Entergy Corporation (NYSE:ETR) announced a quarterly dividend on Friday, January 30th. Stockholders of record on Monday, February 9th will be paid a dividend of 0.64 per share by the utilities provider on Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, February 9th.

Entergy has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 10 consecutive years. Entergy has a dividend payout ratio of 58.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Entergy to earn $4.30 per share next year, which means the company should continue to be able to cover its $2.56 annual dividend with an expected future payout ratio of 59.5%.

Entergy Stock Performance

ETR stock opened at $98.04 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 1.62. The stock’s 50 day simple moving average is $94.00 and its 200 day simple moving average is $92.90. Entergy has a 12-month low of $75.57 and a 12-month high of $98.58. The stock has a market capitalization of $43.78 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of 2.16 and a beta of 0.65.

About Entergy

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.