HOUSTON, Dec. 13, 2017 /PRNewswire/ -- CenterPoint Energy,
Inc. (NYSE: CNP) today announced that its Board of Directors
declared a regular quarterly cash dividend of $0.2775 per share of common stock, payable on
March 8, 2018, to shareholders of
record at the close of business on February
15, 2018. This represents approximately a 4 percent increase
from the previous quarterly dividend of $0.2675, and if annualized, would equate to
$1.11 per share.
"I am pleased that for the thirteenth consecutive year,
CenterPoint Energy is raising its dividend," said Scott M. Prochazka, president and chief
executive officer of CenterPoint Energy. "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."
CenterPoint Energy will begin utilizing a standardized payment
schedule for future dividends with dividends payable on the second
Thursday of March, June, September and December to shareholders of
record at the close of business on the third Thursday of February,
May, August and November.
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. The
company serves more than five million metered customers primarily
in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. The company also owns 54.1 percent of
the common units representing limited partner interests in Enable
Midstream Partners, a publicly traded master limited partnership it
jointly controls with OGE Energy Corp., which owns, operates and
develops natural gas and crude oil infrastructure assets. With more
than 7,700 employees, CenterPoint Energy and its predecessor
companies have been in business for more than 150 years. For more
information, please visit www.CenterPointEnergy.com.
This news release includes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based upon assumptions of
management which are believed to be reasonable at the time made and
are subject to significant risks and uncertainties. Actual events
and results may differ materially from those expressed or implied
by these forward-looking statements. Any statements in this news
release regarding future events, such as annualized dividends per
share, future earnings and cash flow, projected dividend record and
payment dates, and any other statements that are not historical
facts are forward-looking statements. Each forward-looking
statement contained in this news release speaks only as of the date
of this release.
For more information contact
Media:
Leticia
Lowe
Phone 713.207.7702
Investors:
David
Mordy
Phone 713.207.6500
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SOURCE CenterPoint Energy, Inc.