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NRG Energy Raises Dividend

Saturday - 4/20/2013, 3:12am  ET

NRG Energy is about to hand out more money to its shareholders. The company will distribute $0.12 per share of its common stock on May 15 to shareholders of record as of May 1. That amount represents a 33% increase on the company's three previous disbursements, each of which tallied $0.09 per share. The most recent of these was paid at the end of January.

NRG Energy can hardly be characterized as a longtime dividend payer. The just-announced payout is the fourth in its history; the company only began dispensing such monies last summer.

The new dividend annualizes to $0.48 per share. That yields 1.8% at NRG Energy's current stock price of $27.26.

This article was originally published as NRG Energy Raises Dividendon Fool.com

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