Evergy hikes dividend by 3.9% (22nd year of increases)

Utility company Evergy (EVRG) will hike its dividend by 3.9% to 0.6675 quarterly per share. This marks the 22nd consecutive year of increases. The dividend yield is 4.3% at a stock price of $62.51.

Evergy Inc (EVRG), formerly Westar Energy (WR), will pay the increased dividend on December 20, 2024 to shareholders of record as of November 21, 2024. A new annual rate of $2.67 per share yields 4.3% at a stock price of $62.51.

Evergy Dividend Track Record

• Years increased: 22 years
• 5 year CAGR: 6.7%
• 10 year CAGR: 9.4%
• Annual dividend & yield: $2.76 & 4.3%
• Sector: Utilities

Every has now raised its dividend for 21 consecutive years. Last year was hiked by a bigger 4.9%. The last time EVRG hiked the dividend by double digits was in 2018 with a dividend hike of 18.8%. The company now pays an estimated $614 million in dividends annually.

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.