FirstEnergy Corp As of October 10, 2023 ticker dps (an.) 2024 hike 2023 hike 2022 hike
FE $1.64 5.1% 0.0% 0.0%
Business yield Hike yrs 5 yr CAGR freq. paid since
Electric Utility 4.7% 1 1.5% Quarter 1998
FirstEnergy hikes dividend by 5.6%

FirstEnergy Corp (FE) will raise its quarterly dividend by 5.6 percent to $0.38 per share. This is the first dividend hike announced by the company since 2008. In 2014 the electric utility cut its dividend by 34.5 percent.

The next dividend is payable on March 1, 2019, to shareholders of record as of February 7, 2019.

FirstEnergy Corp. is an electric company, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York.  FirstEnergy's electric companies are Ohio Edison, The Illuminating Company, Toledo Edison, Met-Ed, Penelec, Penn Power, West Penn Power, Jersey Central Power & Light, Mon Power and Potomac Edison. The company's transmission subsidiaries operate more than 24,500 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. FirstEnergy Corp. was formed in 1997 through the merger of Ohio Edison Company and Centerior Energy Corporation.