Centerpoint Energy hikes dividend by 5.3% to $0.20 quarterly per share

On September 28, 2023, CenterPoint Energy, Inc. (CNP) announced a 5.3% dividend hike to $0.20 quarterly per share. This marks the 3rd consecutive year of dividend growth by the utility company. Last year CNP hiked the dividend by 11.8%. The new dividend yield is 2.85% at a stock price of $26.85.

The next CNP dividend will be payable on December 14, 2023 to shareholders of record at the close of business on November 16, 2023. This quarterly dividend represents a $0.01 increase over the prior quarter. The increase aligns with an annual dividend of $0.77 for 2023, which represents a $0.07 increase when compared to dividends paid in 2022. The next ex-dividend date for CNP is November 15, 2023.

CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. Through its electric transmission & distribution, power generation and natural gas distribution businesses, the company serves customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. CenterPoint Energy's energy businesses include natural gas marketing and energy-related services; energy efficiency, sustainability and infrastructure modernization solutions; and construction and repair services for pipeline systems, primarily natural gas. The company also owns 53.7 percent of the common units representing limited partner interests in Enable Midstream Partners, LP, a publicly traded master limited partnership that owns, operates and develops strategically located natural gas and crude oil infrastructure assets.