FirstEnergy Corporation (NYSE:FE) Plans Quarterly Dividend of $0.47

FirstEnergy Corporation (NYSE:FE) declared a quarterly dividend on Tuesday, September 29th. Investors of record on Friday, November 6th will be paid a dividend of $0.4650 per share by the utilities provider on Tuesday, December 1st. This represents a $1.86 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Friday, November 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 dividend payout ratio of 68.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect FirstEnergy to earn $2.95 per share next year, which means the company should continue to be able to cover its $1.86 annual dividend with an expected future payout ratio of 63.1%.

FirstEnergy Price Performance

FE opened at $43.59 on Wednesday. FirstEnergy has a 1 year low of $42.67 and a 1 year high of $52.34. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.54 and a quick ratio of 0.45. The company has a market capitalization of $25.22 billion, a price-to-earnings ratio of 23.19, a P/E/G ratio of 2.49 and a beta of 0.45. The firm’s fifty day moving average price is $46.66 and its two-hundred day moving average price is $47.57.

FirstEnergy (NYSE:FE) last posted its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. FirstEnergy had a return on equity of 10.51% and a net margin of 6.86%.The business had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.51 billion. During the same quarter in the previous year, the firm earned $0.52 earnings per share. As a group, analysts anticipate that FirstEnergy will post 2.74 earnings per share for the current fiscal year.

FirstEnergy Company Profile

FirstEnergy Corp. is an electric utility holding company focused primarily on regulated electricity transmission and distribution. Through its operating companies, the company delivers electricity to residential, commercial and industrial customers and maintains the infrastructure needed to support reliable service.

FirstEnergy’s utility subsidiaries include Ohio Edison, The Illuminating Company and Toledo Edison in Ohio; Met-Ed, Penelec, Penn Power and West Penn Power in Pennsylvania; Jersey Central Power & Light in New Jersey; and Mon Power and Potomac Edison in West Virginia and Maryland.