FirstEnergy (FE) hikes dividend by 4.7%

FirstEnergy Corp (FE) will hike the quarterly dividend by 4.7% to 44.5 cents per share in 2025. This is the third year of increased dividends for the utility company. The dividend yield is 4.5%.

The Board of Directors of FirstEnergy Corp. (NYSE: FE) today declared a quarterly dividend of $0.445 per share of outstanding common stock payable June 1, 2025, to shareholders of record at the close of business on May 7, 2025.

"We are pleased to announce our third dividend increase since September 2023, reflecting our commitment to delivering shareholder value," said Brian X. Tierney, Board Chair, President and Chief Executive Officer. "Our goal is to reward shareholders with dividends reflecting earnings growth and our target payout ratio of 60 to 70 percent of Core (non-GAAP) earnings."

Subject to continued Board approval, FirstEnergy expects to declare dividends totaling $1.78 per share in 2025. This compares to declared dividends of $1.70 per share in 2024 and represents an increase of more than 11% in annual dividend declarations since 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.