Entergy Corporation (ETR) will raise its quarterly dividend by 2.2 percent to $0.93 per share in 2019.

This marks the 5th consecutive year of annual dividend increases by the integrated energy company.

The next dividend is payable December 2, 2019, to shareholders of record as of November 7, 2019.

A new annual dividend of $3.72 per share yields 3.1% at a stock price of $120.27 for Entergy. The average annual dividend growth over the last five years now is 2.3 percent.

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.