FirstEnergy Corporation (FE) to Issue Quarterly Dividend of $0.45 on March 1st

FirstEnergy Corporation (NYSE:FE) announced a quarterly dividend on Wednesday, December 17th. Stockholders of record on Friday, February 6th will be given a dividend of 0.445 per share by the utilities provider on Sunday, March 1st. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, February 6th.

FirstEnergy has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 3 years. FirstEnergy has a payout ratio of 65.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect FirstEnergy to earn $2.89 per share next year, which means the company should continue to be able to cover its $1.78 annual dividend with an expected future payout ratio of 61.6%.

FirstEnergy Price Performance

NYSE:FE opened at $44.67 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.75 and a debt-to-equity ratio of 1.80. FirstEnergy has a 52 week low of $37.58 and a 52 week high of $48.20. The stock’s 50-day moving average price is $46.11 and its 200-day moving average price is $43.68. The stock has a market capitalization of $25.80 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 2.71 and a beta of 0.66.

FirstEnergy (NYSE:FE) last issued its quarterly earnings results on Wednesday, October 22nd. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. FirstEnergy had a return on equity of 11.15% and a net margin of 9.19%.The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. FirstEnergy’s revenue for the quarter was up 10.8% on a year-over-year basis. FirstEnergy has set its FY 2025 guidance at 2.500-2.560 EPS. As a group, equities analysts expect that FirstEnergy will post 2.66 EPS for the current fiscal year.

About FirstEnergy

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. It operates through Regulated Distribution and Regulated Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities.