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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Citigroup Inc | NYSE:C | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.01 | 0.02% | 61.55 | 62.15 | 61.41 | 61.53 | 11,048,880 | 01:00:00 |
From May 2019 to May 2024
By Chelsey Dulaney
CenterPoint Energy Inc. (CNP) boosted its quarterly dividend by 4.2%, but the utility company said it couldn't reaffirm its long-term dividend growth goal as it faces tumbling energy prices.
The company has been targeting 8% to 10% compound annual dividend growth over the next three years.
CenterPoint raised its quarterly dividend to 24.8 cents a share from 23.8 cents a share. The increase will cost the company an extra $4.3 million a quarter and bring its yield up to 4.3%.
Houston-based CenterPoint's businesses include electric transmission and distribution, natural-gas distrubition and energy services. Energy commodity prices have plummeted in recent months as an oversupply hit the market.
Write to Chelsey Dulaney at chelsey.dulaney@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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