Evergy Inc. (NASDAQ:EVRG) Plans Quarterly Dividend of $0.70

Evergy Inc. (NASDAQ:EVRG) declared a quarterly dividend on Thursday, February 19th. Investors of record on Tuesday, March 10th will be paid a dividend of 0.695 per share on Friday, March 20th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, March 10th.

Evergy has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 20 consecutive years. Evergy has a dividend payout ratio of 65.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Evergy to earn $4.03 per share next year, which means the company should continue to be able to cover its $2.78 annual dividend with an expected future payout ratio of 69.0%.

Evergy Price Performance

NASDAQ:EVRG traded down $0.87 during mid-day trading on Thursday, hitting $79.53. The company’s stock had a trading volume of 4,791,282 shares, compared to its average volume of 2,219,702. The company has a current ratio of 0.52, a quick ratio of 0.30 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $18.31 billion, a price-to-earnings ratio of 21.79, a P/E/G ratio of 3.23 and a beta of 0.66. Evergy has a fifty-two week low of $61.94 and a fifty-two week high of $83.19. The stock has a fifty day moving average of $75.48 and a 200-day moving average of $74.98.

Evergy (NASDAQ:EVRG) last released its quarterly earnings results on Saturday, January 31st. The company reported $0.42 EPS for the quarter. Evergy had a net margin of 14.45% and a return on equity of 8.66%. As a group, equities analysts forecast that Evergy will post 3.83 EPS for the current fiscal year.

About Evergy

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.