CenterPoint Energy As of October 10, 2023 ticker dps (an.) 2024 hike 2023 hike 2022 hike
CNP $0.80 5.3% 11.8% 6.2%
Business yield Hike yrs 5 yr CAGR freq. paid since
Electric & Gas Utility 2.9% 3 -7.0% Quarter 1996
Centerpoint Energy hikes dividend by 5.3% to $0.20 quarterly per share

On September 28, 2023, CenterPoint Energy, Inc. (CNP) announced a 5.3% dividend hike to $0.20 quarterly per share. This marks the 3rd consecutive year of dividend growth by the utility company.

Last year CNP hiked the dividend by 11.8% with two hikes including a last increase of 5.6% in December 2022. The new dividend yield is 2.85% at a stock price of $26.85.

CenterPoint Energy (CNP) Dividend history & statistics
Company name CenterPoint Energy Inc
Ticker symbol CNP
ISIN-code US15189T1079
company website
Sector Utilities
Business Electric & Gas Utility
Dividend paid since 1996
Track record (years increased) 3
Payment Frequency Quarterly dividend
Dividend growth: 5 year average -7,0%
Next dividend per share $0,20
Annual dividend per share $0,80
Dividend yield* 2,8%
Stock price* $26,83
YTD Total Return* -9,2%
Next ex-dividend date November 15, 2023
Next payment date December 14, 2023
Market cap (in $B)* 16,93
Total dividend (in $B) 0,50
© *As of September 29, 2023

The next CNP dividend will be payable on December 14, 2023 to shareholders of record at the close of business on November 16, 2023. This quarterly dividend represents a $0.01 increase over the prior quarter. The increase aligns with an annual dividend of $0.77 for 2023, which represents a $0.07 increase when compared to dividends paid in 2022. The next ex-dividend date for CNP is November 15, 2023.

CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. Through its electric transmission & distribution, power generation and natural gas distribution businesses, the company serves customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. CenterPoint Energy's energy businesses include natural gas marketing and energy-related services; energy efficiency, sustainability and infrastructure modernization solutions; and construction and repair services for pipeline systems, primarily natural gas. The company also owns 53.7 percent of the common units representing limited partner interests in Enable Midstream Partners, LP, a publicly traded master limited partnership that owns, operates and develops strategically located natural gas and crude oil infrastructure assets.