FirstEnergy Corporation (FE) to Issue Quarterly Dividend of $0.47 on June 1st

FirstEnergy Corporation (NYSE:FE) declared a quarterly dividend on Wednesday, February 11th. Shareholders of record on Thursday, May 7th will be given a dividend of 0.465 per share by the utilities provider on Monday, June 1st. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Thursday, May 7th. This is a 4.5% increase from FirstEnergy’s previous quarterly dividend of $0.45.

FirstEnergy has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 3 years. FirstEnergy has a dividend payout ratio of 68.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect FirstEnergy to earn $2.94 per share next year, which means the company should continue to be able to cover its $1.86 annual dividend with an expected future payout ratio of 63.3%.

FirstEnergy Trading Down 0.4%

Shares of FirstEnergy stock opened at $46.73 on Tuesday. The firm has a market capitalization of $27.03 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 2.25 and a beta of 0.48. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 1.87. The firm’s 50 day moving average is $50.33 and its 200 day moving average is $47.69. FirstEnergy has a 1 year low of $39.28 and a 1 year high of $52.34.

FirstEnergy (NYSE:FE) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $0.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.72. The firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.80 billion. FirstEnergy had a net margin of 6.86% and a return on equity of 10.66%. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 EPS. FirstEnergy has set its FY 2026 guidance at 2.620-2.820 EPS. Equities research analysts forecast that FirstEnergy will post 2.73 earnings per share for the current fiscal year.

About FirstEnergy

FirstEnergy Corp. (NYSE: FE) is a U.S.-based electric utility holding company headquartered in Akron, Ohio. The company’s primary business is the delivery of electricity through its regulated transmission and distribution utilities, serving residential, commercial and industrial customers across parts of the Midwest and Mid‑Atlantic. FirstEnergy’s service territory includes states such as Ohio, Pennsylvania, New Jersey, Maryland and West Virginia, and it operates primarily within the PJM regional transmission organization.

FirstEnergy’s core activities center on owning and operating electric distribution networks and transmission systems, maintaining and upgrading grid infrastructure, managing storm response and restoration, and offering customer programs that include energy efficiency and reliability services.