Clearway Energy (NYSE:CWEN.A) Stock Price Up 0.7% – Here’s Why

Clearway Energy, Inc. (NYSE:CWEN.A) shares rose 0.7% during mid-day trading on Tuesday . The stock traded as high as $27.32 and last traded at $27.15. Approximately 283,825 shares traded hands during mid-day trading, The stock had previously closed at $26.97.

Clearway Energy Stock Performance

The business’s 50 day moving average is $24.98 and its 200 day moving average is $25.76.

Clearway Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.4312 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.72 dividend on an annualized basis and a yield of 6.28%. This is a boost from Clearway Energy’s previous quarterly dividend of $0.42.

Clearway Energy Company Profile

Clearway Energy, Inc operates in the renewable energy business in the United States. The company operates through Conventional and Renewables segments. It has approximately 6,000 net MW of installed wind, solar, and energy generation projects; and approximately 2,500 net MW of natural gas-fired generation facilities.