Eversource Energy (NYSE:ES) Increases Dividend to $0.79 Per Share

Eversource Energy (NYSE:ES) announced a quarterly dividend on Tuesday, January 27th. Investors of record on Thursday, March 5th will be given a dividend of 0.7875 per share by the utilities provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Thursday, March 5th. This is a 4.7% increase from Eversource Energy’s previous quarterly dividend of $0.75.

Eversource Energy has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 2 years. Eversource Energy has a payout ratio of 60.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Eversource Energy to earn $5.02 per share next year, which means the company should continue to be able to cover its $3.01 annual dividend with an expected future payout ratio of 60.0%.

Eversource Energy Stock Down 0.0%

ES stock traded down $0.03 during trading on Wednesday, reaching $70.60. The stock had a trading volume of 1,081,812 shares, compared to its average volume of 2,170,912. The company has a current ratio of 0.71, a quick ratio of 0.64 and a debt-to-equity ratio of 1.68. The firm has a fifty day moving average price of $67.63 and a 200 day moving average price of $68.16. The company has a market capitalization of $26.49 billion, a P/E ratio of 19.33, a PEG ratio of 2.39 and a beta of 0.76. Eversource Energy has a 1-year low of $52.28 and a 1-year high of $75.25.

Eversource Energy (NYSE:ES) last released its quarterly earnings results on Tuesday, November 4th. The utilities provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.12 by $0.07. Eversource Energy had a return on equity of 11.06% and a net margin of 10.22%.The business had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the previous year, the firm posted $1.13 earnings per share. The company’s revenue was up 5.2% compared to the same quarter last year. On average, equities analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current year.

About Eversource Energy

Eversource Energy (NYSE: ES) is a publicly traded, regulated energy company headquartered in Hartford, Connecticut. The company’s core business is the delivery and transmission of electricity and natural gas to residential, commercial and industrial customers across parts of New England. Eversource operates transmission and distribution networks, maintains electrical infrastructure, responds to outages and storms, and manages natural gas pipeline and distribution systems in the regions it serves.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire, operating through locally regulated utility subsidiaries that administer customer service, billing, meter reading and localized operations.