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:
www.active-investors.com/registration-sg/?symbol=GXP
If your portfolio includes dividend stocks, you have come to the right place for timely information. All you need to do is sign up for your free membership at:
www.active-investors.com/registration-sg
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.
Active-Investors:
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the ''Author'') and is fact checked and reviewed by a third-party research service company (the ''Reviewer'') represented by a credentialed financial analyst. For further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the ''Sponsor''), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Active-Investors
