May 15, 2018 - 7:50 AM EDT
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EX-Dividend Schedule: CenterPoint Energy has a Dividend Yield of 4.16%; Will Trade Ex-Dividend on May 16, 2018

LONDON, UK / ACCESSWIRE / May 15, 2018 / Active-Investors has a free review on CenterPoint Energy, Inc. (NYSE: CNP) following the Company's announcement that it will begin trading ex-dividend on May 16, 2018. To Capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on May 15, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on CNP:

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Dividend Declared

On April 26, 2018, CenterPoint Energy's Board of Directors declared a regular quarterly cash dividend of $0.2775 per share of common stock payable on June 14, 2018, to shareholders of record as of the close of business on May 17, 2018.

CenterPoint Energy's indicated dividend represents a yield of 4.16%, which is substantially higher than the average dividend yield of 2.70% for the Utilities sector. The Company has raised dividend for twelve consecutive years.

Dividend Insights

CenterPoint Energy has a dividend payout ratio of 69.8%, which indicates that the Company spends approximately $0.70 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, CenterPoint Energy is forecasted to report earnings of $1.65 per share for the next year, which is considerably above the Company's annualized dividend of $1.11 per share.

As of March 31, 2018, CenterPoint Energy's cash and cash equivalents totaled $219 million compared to $260 million as on March 31, 2017. For the three months ended March 31, 2018, the Company's net cash provided by operating activities totaled $484 million, as compared to $317 million for the year ago corresponding period. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Earnings Announcement

On May 04, 2018, CenterPoint Energy announced results for first quarter 2018. For Q1 2018, the Company generated revenues of $3.16 billion compared to revenue of $2/74 billion for Q1 2017.

CenterPoint Energy reported net income of $165 million, or $0.38 per diluted share, for Q1 2018 compared to $192 million, or $0.44 per diluted share, for Q1 2017. On a guidance basis, the Company's reported quarter earnings were $0.55 per diluted share, consisting of $0.43 from utility operations, and $0.12 from midstream investments.

About CenterPoint Energy, Inc.

CenterPoint Energy, headquartered in Houston, Texas, is a domestic energy delivery Company that includes electric transmission & distribution, natural gas distribution, and energy services operations. The Company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. With nearly 8,000 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years.

Stock Performance Snapshot

May 14, 2018 - At Monday's closing bell, CenterPoint Energy's stock slightly dropped 0.71%, ending the trading session at $26.49.

Volume traded for the day: 4.87 million shares.

After yesterday's close, CenterPoint Energy's market cap was at $11.42 billion.

Price to Earnings (P/E) ratio was at 17.64.

The stock has a dividend yield of 4.19%.

The stock is part of the Utilities sector, categorized under the Gas Utilities industry.


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SOURCE: Active-Investors

Source: ACCESSWIRE Investor Awareness (May 15, 2018 - 7:50 AM EDT)

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