May 25, 2018 - 7:25 AM EDT
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EX-Dividend Schedule: Great Plains Energy Has a Dividend Yield of 3.42%; Will Trade Ex-Dividend on May 29, 2018

LONDON, UK / ACCESSWIRE / May 25, 2018 / Active-Investors has a free review on Great Plains Energy Inc. (NYSE: GXP) following the Company's announcement that it will begin trading ex-dividend on May 29, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date (excluding weekend and holiday) that is by latest at the end of the trading session on May 25, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on GXP:

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Dividend Declared

On May 01, 2018, Great Plains Energy announced that its Board of Directors approved a quarterly dividend of $0.2750 per share on its common stock. The common dividend will be payable June 20, 2018, to shareholders of record as of May 30, 2018.

Great Plains Energy's indicated dividend represents a yield of 3.42%, which is substantially higher than the average dividend yield of 2.76% for the Utilities sector. The Company has raised dividend for seven consecutive years.

Dividend Insights

Great Plains Energy has a dividend payout ratio of 78.6%, which means that the Company spends approximately $0.79 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, Great Plains Energy is forecasted to report earnings of $1.87 per share for the next year, which is substantially higher than the Company's annualized dividend of $1.10 per share.

As of March 31, 2018, Great Plains Energy's cash and cash equivalents totaled $1.14 billion compared to $1.13 billion as on December 31, 2017. For the three months ended March 31, 2018, the Company's net cash from operating activities $113.5 million compared to $87.6 million for the year ago same period. The Company's 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 03, 2018, Great Plains Energy announced first quarter 2018 earnings of $35.0 million, or $0.16 per share of average common stock outstanding, compared to a loss of $24.7 million, or $0.11 per share, in Q1 2017. The Company's adjusted earnings were $29.4 million and $0.19 per share, respectively, in Q1 2018 compared to $19.9 million and $0.13, respectively, in the prior year's same quarter.

About Great Plains Energy Inc.

Headquartered in Kansas City, Missouri, Great Plains Energy is the holding company of Kansas City Power & Light Company (KCP&L) and KCP&L Greater Missouri Operations Company, two of the leading regulated providers of electricity in the Midwest. KCP&L and KCP&L Greater Missouri Operations Company use KCP&L as a brand name.

Stock Performance Snapshot

May 24, 2018 - At Thursday's closing bell, Great Plains Energy's stock ended the trading session flat at $32.78.

Volume traded for the day: 1.68 million shares, which was above the 3-month average volume of 1.44 million shares.

Stock performance in the last month - up 2.73%; previous three-month period - up 7.44%; past twelve-month period - up 14.06%; and year-to-date - up 1.67%

After yesterday's close, Great Plains Energy's market cap was at $7.08 billion.

Price to Earnings (P/E) ratio was at 152.47.

The stock has a dividend yield of 3.36%.

The stock is part of the Utilities sector, categorized under the Electric Utilities industry. This sector was up 0.4% at the end of the session.


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SOURCE: Active-Investors

Source: ACCESSWIRE Investor Awareness (May 25, 2018 - 7:25 AM EDT)

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