NYSE:FEElectric Utilities
FirstEnergy Dividend Hike And Guidance Highlight Confidence In Earnings Story
FirstEnergy (NYSE:FE) announced a 4.5% increase to its quarterly dividend.
The company also provided forward dividend guidance, outlining expectations for higher annual payouts.
Management linked the dividend update to confidence in the company’s ongoing transformation and operations.
For income focused investors watching utilities, this dividend move from FirstEnergy comes on top of a solid share price run. NYSE:FE is trading at $48.84, with the stock up 3.9% over the past week and 7.8%...