Evergy hikes dividend by 5.9%

Evergy Inc (EVRG), formerly Westar Energy (WR), will raise its quarterly dividend by 5.9 percent to 53.5 cents per share in 2020. This follows a 6.3 percent hike to $0.505 per share in Q4 of 2019. The utility company has increased its annual dividend for 17 consecutive years.

The next dividend is payable on December 21, 2020 to shareholders of record as of November 20, 2020. A new annual rate of $2.14 per share yields 3.8% at a stock price of $55.19.

Evergy, Inc. is an energy company. The Company provides electric generation, transmission and distribution services to customers in Kansas.  It serves the customers under Westar and KCP&L brand names. Evergy's subsidiaries include Kansas City Power & Light Company (KCP&L) and Westar Energy, Inc.