Evergy Inc. (EVRG) to Issue Quarterly Dividend of $0.70 on December 19th

Evergy Inc. (NASDAQ:EVRG) announced a quarterly dividend on Thursday, October 30th. Shareholders of record on Friday, November 21st will be given a dividend of 0.695 per share on Friday, December 19th. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, November 21st. This is a 4.1% increase from Evergy’s previous quarterly dividend of $0.67.

Evergy has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 20 years. Evergy has a payout ratio of 65.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Evergy to earn $4.03 per share next year, which means the company should continue to be able to cover its $2.78 annual dividend with an expected future payout ratio of 69.0%.

Evergy Stock Down 0.5%

Shares of NASDAQ:EVRG opened at $76.73 on Wednesday. The stock has a market capitalization of $17.66 billion, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 3.56 and a beta of 0.61. The stock’s 50-day moving average price is $75.95 and its 200-day moving average price is $71.49. The company has a current ratio of 0.50, a quick ratio of 0.27 and a debt-to-equity ratio of 1.24. Evergy has a 12-month low of $59.67 and a 12-month high of $79.32.

Evergy (NASDAQ:EVRG) last released its earnings results on Wednesday, November 5th. The company reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.11). Evergy had a net margin of 14.29% and a return on equity of 8.62%. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period last year, the firm posted $2.02 EPS. The company’s revenue was down .1% on a year-over-year basis. On average, equities analysts anticipate that Evergy will post 3.83 earnings per share for the current year.

About Evergy

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities.