HOUSTON, Dec. 9, 2021 /PRNewswire/ -- CenterPoint
Energy, Inc.'s (NYSE: CNP) board of directors today declared
dividends on shares of its Common Stock and Series A Perpetual
Preferred Stock for the third quarter of 2021.
Common Stock Dividend
The company's board of directors declared a regular quarterly
cash dividend of $0.17 per share of
common stock payable on March 10,
2022, to shareholders of record as of the close of business
on February 17, 2022. This dividend
represents an 8% annual growth year-over-year, in line with Utility
EPS growth.
Series A Preferred Stock Dividend
The company's board of directors declared a regular quarterly
cash dividend of $30.6250 per share
on its Series A Fixed-to-Floating Rate Cumulative Redeemable
Perpetual Preferred Stock payable on March
1, 2022, to shareholders of record as of the close of
business on February 15, 2022.
About CenterPoint Energy
As the only investor-owned electric and gas utility based in
Texas, CenterPoint Energy, Inc.
(NYSE: CNP) is an energy delivery company with electric
transmission and distribution, power generation and natural gas
distribution operations that serve more than 7 million metered
customers in Arkansas,
Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. As of September
30, 2021, the company owned approximately $37 billion in assets. With approximately 9,500
employees, CenterPoint Energy and its predecessor companies have
been in business for more than 150 years. For more information,
visit CenterPointEnergy.com.
Use of Non-GAAP Measures
As included in this press release, utility earnings per share
("Utility EPS") is not a generally accepted accounting principles
("GAAP") financial measure. Generally, a non-GAAP financial measure
is a numerical measure of a company's historical or future
financial performance that excludes or includes amounts that are
not normally excluded or included in the most directly comparable
GAAP financial measure.
Utility EPS includes net income from Electric and Natural Gas
segments, as well as after tax Corporate and Other operating income
and an allocation of corporate overhead based upon the Utility's
relative earnings contribution. Corporate overhead consists
primarily of interest expense, preferred stock dividend
requirements, and other items directly attributable to the parent
along with the associated income taxes. Utility EPS excludes (a)
earnings or losses from the change in value of CenterPoint
Energy's 2.0% Zero-Premium Exchangeable Subordinated Notes due
2029 ("ZENS") and related securities, (b) certain expenses
associated with Vectren merger integration, (c) earnings and losses
associated with the ownership and disposal of midstream common and
preferred units (including amounts reported in discontinued
operations), net gain associated with the consummation of the
merger between Enable and Energy Transfer, a corresponding amount
of debt related to midstream common and preferred units, and an
allocation of associated corporate overhead, (d) cost associated
with the early extinguishment of debt and (e) gain and impact,
including related expenses, associated with the pending gas LDC
sales. Management evaluates the Company's financial performance in
part based on Utility EPS. Management believes that presenting this
non-GAAP financial measure enhances an investor's understanding of
CenterPoint Energy's overall financial performance by providing
them with an additional meaningful and relevant comparison of
current and anticipated future results across periods. The
adjustments made in this non-GAAP financial measure exclude items
that Management believes do not most accurately reflect the
Company's fundamental business performance. CenterPoint Energy's
Utility EPS non-GAAP financial measure should be considered as a
supplement to, and not as a substitute for, or superior to diluted
earnings per share, which is the most directly comparable GAAP
financial measure. This non-GAAP financial measure also may be
different than non-GAAP financial measures used by other
companies.
For more information contact
Media:
Communications
Media.Relations@CenterPointEnergy.com
Investors:
Philip Holder / Jackie Richert
Phone 713.207.6500
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SOURCE CenterPoint Energy, Inc.