Breaking News
Investing Pro 0
Final hours: unlock premium data with Claim 60% OFF

CenterPoint Energy declares increased quarterly cash dividend

Published Sep 29, 2023 01:16AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters.
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio

CenterPoint Energy, Inc. (NYSE: NYSE:CNP) announced an increase in its regular quarterly cash dividend on Thursday. The Texas-based energy delivery company's Board of Directors declared a dividend of $0.2000 per share, payable on December 14, 2023, to shareholders of record at the close of business on November 16, 2023. This represents a $0.01 increase over the prior quarter's dividend.

The raised dividend aligns with an annual dividend of $0.77 for 2023, marking a $0.07 increase compared to dividends paid in 2022. This move underscores CenterPoint Energy's commitment to delivering value to its shareholders amid an evolving energy market landscape. According to InvestingPro, the company has maintained dividend payments for 53 consecutive years, which is a testament to its financial stability and commitment to shareholder value.

CenterPoint Energy is the sole investor-owned electric and natural gas utility based in Texas. It boasts electric transmission and distribution, power generation, and natural gas distribution operations that serve over seven million metered customers across Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas. As of June 30, 2023, the company had approximately $38 billion in assets and employed around 9,000 individuals. Building on the legacy of its predecessor companies, CenterPoint Energy has been in operation for over 150 years.

InvestingPro data reveals that CenterPoint Energy operates with a significant market capitalization of $16,850 million and a P/E ratio of 23.05, indicating a robust financial position. Despite the company's substantial debt burden, strong earnings allow management to continue dividend payments. In fact, 4 analysts have revised their earnings upwards for the upcoming period, hinting at a positive outlook for the company.

The company's revenue growth has been slowing down recently, with a quarterly decline of -3.55%. However, the company has managed to maintain a gross profit margin of 38.86%, reflecting its efficiency in operations. The company's stock is currently trading near its 52-week low, and the RSI suggests that it is in oversold territory - potential indicators for investors looking for opportunities.

For more insights and tips on investing, visit InvestingPro which offers an extensive list of additional tips and real-time metrics for a multitude of companies.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

CenterPoint Energy declares increased quarterly cash dividend

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your profile, will be public on and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
Sign up with Email