HOUSTON, Feb. 3, 2020 /PRNewswire/ -- CenterPoint
Energy, Inc.'s (NYSE: CNP) board of directors today declared
dividends on shares of its common stock, Series A Perpetual
Preferred Stock and Series B Mandatory Convertible Preferred
Stock.
Common Stock Dividend
The company's board of directors declared a regular quarterly
cash dividend of $0.2900 per share of
common stock payable on March 12,
2020 to shareholders of record as of the close of business
on Feb. 20, 2020. This quarterly
dividend, if annualized, would equate to $1.16 per share.
"This marks the 15th consecutive year we have
increased our common stock dividend," said Scott Prochazka, president and chief executive
officer of CenterPoint Energy. "The board's decision today
demonstrates CenterPoint Energy's continued commitment to dividend
growth, while also driving shareholder value by capitalizing on its
significant rate base investment opportunities in its regulated
utilities. Central to this commitment of dividend and regulated
utilities earnings growth is our continued focus on strengthening
our balance sheet following the Vectren merger and the divestiture
of the non-rate regulated CenterPoint Energy Infrastructure
Services business segment."
Series A Preferred Stock Dividend
The company's board of directors declared a regular semiannual
cash dividend of $30.6250 per share
on its Series A Fixed-to-Floating Rate Cumulative Redeemable
Perpetual Preferred Stock payable on March
2, 2020 to shareholders of record as of the close of
business on Feb. 14, 2020.
Series B Preferred Stock Dividend
The company's board of directors declared a regular quarterly
cash dividend of $17.5000 per share
on its 7.00% Series B Mandatory Convertible Preferred Stock payable
on March 2, 2020 to shareholders of
record as of the close of business on Feb.
15, 2020. As Feb. 15, 2020
falls on a Saturday, the effective record date for the dividend
will be the close of business on Feb. 14,
2020. This equates to $0.8750
per depositary share (NYSE: CNPPRB), each of which represents a
1/20th interest in a share of the Series B Mandatory
Convertible Preferred Stock.
Annual Meeting
The company also announced that its 2020 annual meeting of
shareholders will be held on Friday, April
24, 2020, at 9 a.m. CDT in the
CenterPoint Energy Tower auditorium, 1111 Louisiana Street,
Houston, Texas. Shareholders who
hold shares of CenterPoint Energy common stock as of Feb. 28, 2020, will receive notice of the meeting
and will be eligible to vote.
Headquartered in Houston,
Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy
delivery company with regulated utility businesses in eight states
and a competitive energy businesses footprint in nearly 40 states.
Through its electric transmission & distribution, power
generation and natural gas distribution businesses, the company
serves more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. CenterPoint Energy's competitive 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. With approximately
14,000 employees and nearly $35
billion in assets, CenterPoint Energy and its predecessor
companies have been in business for more than 150 years. For more
information, visit 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, dividend and utility earnings growth, actions with respect
to CenterPoint Energy's balance sheet, capital investments and rate
base growth, the anticipated divestiture of the infrastructure
services business segment 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:
Alicia Dixon
Phone 713.207.5885
Investors:
Dave Mordy
Phone 713.207.6500
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SOURCE CenterPoint Energy, Inc.