CenterPoint Energy (NYSE:CNP) is increasing its quarterly dividend to $0.23, making the annual payment 2.2% of the current stock price. While the dividend is well-covered by earnings, negative free cash flows raise concerns about its sustainability. The company’s earnings per share have grown by 20% annually over the past five years, suggesting potential for continued dividend growth.
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CenterPoint Energy's (NYSE:CNP) Upcoming Dividend Will Be Larger Than Last Year's
CenterPoint Energy (NYSE:CNP) is increasing its quarterly dividend to $0.23, making the annual payment 2.2% of the current stock price. While the dividend is well-covered by earnings, negative free cash flows raise concerns about its sustainability. The company’s earnings per share have grown by 20% annually over the past five years, suggesting potential for continued dividend growth.