NRG Energy’s dividends
In 2Q16, NRG cut its annual dividend 80% from $0.58 per share to $0.12 per share. NRG is planning to reduce its debt by $1.1 billion through dividend cuts and various cost-cutting initiatives.
NRG’s dividend yield stands at 0.9% while utilities at large yield 3.5%. Industry giants Southern Company (SO) and Duke Energy yield nearly 4.5%.
Read Why Do Utilities Pay High Dividends? for more information.