Eversource Energy (ES) will raise its quarterly dividend by 6.2 percent to $0.6025 per share in the first quarter of 2021. This marks the 23rd consecutive year of dividend increases by the utility company.

The next payable on March 31, 2021, to shareholders of record as of the close of business on March 4, 2021. A new annual dividend rate of $2.41 per share yields 2.8% at a stock price of $85.17.

Eversource Energy, formerly Northeast Utilities, is a utility holding company engaged in the energy delivery business. Eversource operates operates through three segments: electric distribution, electric transmission and natural gas distribution. Eversource Energy operates New England’s largest energy delivery company with approximately 4 million electric, natural gas and water customers in Connecticut, Massachusetts and New Hampshire. The company has paid a dividend every every year since 1966, at the time operating as Northeast Utilities.