FirstEnergy Corp hikes dividend by 5.1%

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On September 26, 2023, FirstEnergy Corp (FE) declared a 5.1% dividend increase to $0.41 quarterly per share. This is the first dividend hike by FE since 2019 (+2.6% hike at the time). The dividend yield for FirstEnergy is 5.0% at a stock price of $34.18.

The next dividend is payable December 1, 2023, to shareholders of record at the close of business on November 7, 2023. The next ex-dividend date for FE is November 6, 2023.

FirstEnergy Corp. is an electric company, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York.  FirstEnergy's electric companies are Ohio Edison, The Illuminating Company, Toledo Edison, Met-Ed, Penelec, Penn Power, West Penn Power, Jersey Central Power & Light, Mon Power and Potomac Edison. The company's transmission subsidiaries operate more than 24,500 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. FirstEnergy Corp. was formed in 1997 through the merger of Ohio Edison Company and Centerior Energy Corporation.

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