Evergy Inc. (EVRG) to Distribute Quarterly Dividend of $0.72 on December 18th

Evergy Inc. (NASDAQ:EVRG) announced a quarterly dividend on Wednesday, November 4th. Shareholders of record on Friday, November 20th will be given a dividend of $0.7225 per share on Friday, December 18th. This represents a $2.89 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, November 20th. This is a 4.0% increase from Evergy’s previous quarterly dividend of $0.6950.

Evergy 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 20 consecutive years. Evergy has a payout ratio of 65.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Evergy to earn $4.56 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 61.0%.

Evergy Stock Performance

Shares of EVRG opened at $87.41 on Friday. Evergy has a 1 year low of $71.40 and a 1 year high of $89.66. The stock has a market capitalization of $20.15 billion, a PE ratio of 22.19, a PEG ratio of 2.23 and a beta of 0.49. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.21 and a current ratio of 0.36. The stock has a 50-day simple moving average of $81.67 and a 200-day simple moving average of $82.20.

Evergy (NASDAQ:EVRG) last released its earnings results on Thursday, November 5th. The company reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.33 by $0.25. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $1.93 billion. Evergy had a net margin of 15.19% and a return on equity of 9.20%. During the same period in the prior year, the firm earned $2.03 earnings per share. On average, analysts predict that Evergy will post 4.27 earnings per share for the current fiscal year.

Evergy Company Profile

Evergy, Inc is an investor-owned electric utility that generates, transmits, distributes and sells electricity to residential, commercial, industrial and municipal customers. The company operates regulated utilities in Kansas and Missouri, providing electric service through its Kansas Central, Kansas South, Missouri Metro and Missouri West operations.

Evergy’s generation portfolio includes wind, solar, coal, natural gas and nuclear power. The company also owns an interest in the Wolf Creek Generating Station, a nuclear power plant in Kansas, and continues to invest in renewable energy, grid modernization and other infrastructure intended to support reliable electricity service.

Evergy was formed in 2018 through the merger of Westar Energy and Great Plains Energy, the parent company of Kansas City Power & Light.