Entergy (ETR) declared a quarterly dividend of $0.91 per share last week, a rise of ~2% compared to its dividends in Q1 2018. The ex-dividend date is February 13 and it will be paid on March 1. This date represents Entergy’s annualized dividends of $3.64 with a yield of 4.1%. Entergy’s dividend yield has always been superior compared to utilities at large in the last five years. The Utilities Select Sector SPDR ETF (XLU) currently offers a yield of 3.3%.
Entergy has been paying consistent dividends for more than the last 40 years. Despite a premium yield and a long dividend payment history, Entergy lagged peers in terms of dividend growth. In the last five years, its per-share dividends increased by just 1.5% compounded annually. In comparison, utilities at large raised their dividends by ~4% in the same period.
New-York-based Consolidated Edison (ED) is trading at 3.9%, while Xcel Energy (XEL) offers a yield of 3%. Xcel Energy has increased its dividend by 6.4%, while Consolidated Edison has raised its dividend by 3% in the last five years.
Consolidated Edison has one of the longest dividend payment histories among utilities, having increased its dividend for the last 45 years. Read Consolidated Edison: Higher Dividend for 45th Consecutive Year.