CenterPoint Energy Lifts Dividend

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CenterPoint Energy announced that it has raised its quarterly dividend. The payout is $0.2075, up from the $0.2025 that was paid in the four preceding quarters. The new disbursement will be paid March 8 to shareholders of record as of the end of Feb. 15.

The company pointed out that it is continuing a streak of such raises. In its announcement, it quoted CEO David McClanahan as saying that "for the eighth consecutive year, CenterPoint Energy is increasing its dividend." He added: "This demonstrates a strong commitment to our shareholders, and it shows the confidence the board of directors has in our ability to deliver sustainable earnings and cash flow."

The article CenterPoint Energy Lifts Dividend originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in CenterPoint Energy. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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