FirstEnergy Declares Quarterly Dividend

Before you go, we thought you'd like these...
Before you go close icon

FirstEnergy has declared its latest quarterly dividend. The utility will hand out $0.55 per share of its common stock on June 1 to shareholders of record as of May 7. That payout matches the company's usual disbursement, which it has been paying since early 2008. Before that, FirstEnergy dispensed $0.50 per share.

In its Q4, the Ohio-based utility posted revenue of $3.5 billion and a net loss of $148 million ($0.35 per share) on a GAAP basis. For fiscal 2012, those figures were $15.3 billion and $771 million ($1.85), respectively.

The new dividend annualizes to $2.20 per share. That yields 5.3% at FirstEnergy's current stock price of $41.60.

The article FirstEnergy Declares Quarterly Dividend originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in FirstEnergy. 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.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners