This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

10 Dividend Stocks Increasing Payouts

Stocks in this article: DVY DLN IDV INTC SLB IP CCL CNP SE LLTC FDO ARG ED VZ JNJ MRK KFT ^DJI SEP ABM APD CUK

CenterPoint Energy

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

CenterPoint Energy (CNP)

Company Profile : Houston-based CenterPoint Energy is a public utility holding company, which operates in electric transmission and distribution facilities, natural gas distribution facilities, interstate pipelines and natural gas gathering, processing and treating facilities.

On Jan. 20, CenterPoint Energy announced a 1.3% increase to its dividend, to 19.75 cents per share from 19.5 cents.

The higher payout will be available on March 10 to shareholders of record on Feb. 16, bringing CenterPoint's yield to around 4.9%.

"I am pleased that for the sixth consecutive year, CenterPoint Energy is raising its dividend," said David M. McClanahan, president and chief executive officer. "This increase demonstrates a strong commitment to our shareholders and the confidence the board of directors has in our ability to deliver sustainable earnings and cash flow."

Analysts from Oppenheimer recently initiated coverage of CenterPoint Energy with an outperform rating and $18 price target. The equity research firm noted that CenterPoint can deliver above-average growth.

On Feb. 2 CenterPoint Energy said it initiated planned, controlled rolling outages of power to end-use customers in its greater Houston service territory on order from the Electric Reliability Council of Texas (ERCOT), which declared a statewide electrical emergency.

CenterPoint Energy implemented up to 45-minute systematic outages to around 330,000 of its customers on a rotating basis.

"This is a state-wide emergency and CenterPoint Energy is complying with direct orders from ERCOT," said Scott Prochazka, division senior vice president of CenterPoint Energy's electric transmission and delivery operations.

"Although we realize this is an inconvenience for our customers, these controlled rolling outages are planned emergency measures designed to avoid potentially longer, and more widespread power outages. We will continue these rolling outages until we receive direction from ERCOT that the electric supply in Texas has stabilized."

6 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,191.37 -195.84 -1.13%
S&P 500 2,002.16 -27.39 -1.35%
NASDAQ 4,637.9940 -43.5030 -0.93%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs