Entergy Corporation (ETR) will raise its quarterly dividend by 2.4 percent to $0.85 per share in the fourth quarter of 2015. The last time the electric utility company hiked its dividend was in 2010.

The increased dividend will be paid on December 1, 2015 to shareholders of record on November 12, 2015. The ex-date for this next dividend of 85 cents is November 9, 2015.

Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants including nuclear power plants. The company delivers electricity to utility customers in Arkansas, Louisiana, Mississippi and Texas.