May 22, 2018 - 7:00 AM EDT
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EX-Dividend Schedule: Eversource Energy Has a Dividend Yield of 3.52%; Will Trade Ex-Dividend on May 23, 2018

LONDON, UK / ACCESSWIRE / May 22, 2018 / Active-Investors has a free review on Eversource Energy (NYSE: ES) following the Company's announcement that it will begin trading ex-dividend on May 23, 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 22, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on ES:

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Dividend Declared

On May 03, 2018, Eversource Energy's Board of Trustees declared a regular quarterly dividend of $0.505 per share, payable June 29, 2018, to shareholders of record as of May 24, 2018.

Eversource's indicated dividend represents a yield of 3.52%, which is substantially higher than the average dividend yield of 2.72% for the Utilities sector. The Company has raised dividend for two years in a row.

Dividend Insights

Eversource has a dividend payout ratio of 62.2%, which means that the Company spends approximately $0.62 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, Eversource is forecasted to report earnings of $3.47 per share for the next year, which is substantially higher than the Company's annualized dividend of $2.02 per share.

As of March 31, 2018, Eversource Energy's cash and cash equivalents totaled $303.8 million compared to $38.2 million as on December 31, 2017. For the three months ended March 31, 2018, the Company's net cash provided by operating activities totaled $177.7 million compared to $445.3 million for the year-ago same 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.

Recent Development

On May 04, 2018, Eversource Energy announced the election of Linda Dorcena Forry to its board of trustees, effective May 02, 2018. Forry is Vice President of Diversity, Inclusion and Community Relations, Northeast Region, at Suffolk Construction, where she is responsible for strengthening its diversity and inclusion program, developing long-term talent, and ensuring compliance with local workforce requirements.

Prior to joining Suffolk Construction, Forry served in the Massachusetts State Senate where she was appointed to leadership as Assistant Majority Whip. She was the first woman and person of color elected to represent the First Suffolk Senate District, which includes Dorchester, Hyde Park, Mattapan and South Boston.

About Eversource Energy

Eversource Energy transmits and delivers electricity and natural gas and supplies water to approximately 4 million customers in Connecticut, Massachusetts, and New Hampshire. Recognized as the top US utility for its energy efficiency programs by the sustainability advocacy organization Ceres, Eversource Energy harnesses the commitment of about 8,000 employees across three states to build a single, united company around the mission of safely delivering reliable energy, and water with superior customer service.

Stock Performance Snapshot

May 21, 2018 - At Monday's closing bell, Eversource Energy's stock marginally climbed 0.26%, ending the trading session at $57.47.

Volume traded for the day: 1.74 million shares.

After yesterday's close, Eversource Energy's market cap was at $18.14 billion.

Price to Earnings (P/E) ratio was at 18.31.

The stock has a dividend yield of 3.51%.

The stock is part of the Utilities sector, categorized under the Diversified Utilities industry. This sector was up 0.5% at the end of the session.


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SOURCE: Active-Investors

Source: ACCESSWIRE Investor Awareness (May 22, 2018 - 7:00 AM EDT)

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