FirstEnergy Raises Shareholders Values, Increases Dividend 4.7%

FirstEnergy Corp. (FE) announced that its board of directors approved a 4.7% increase in the quarterly dividend rate. The revised quarterly dividend will be 44.50 cents, payable June 1, 2025, to its shareholders of record at the close of business on March 9.The company’s new annualized dividend rate is $1.78 and the current dividend yield is 4.49%, which is better than the S&P 500 composite’s average of 1.57%.Can FirstEnergy Sustain Dividend Hikes?FirstEnergy’s efforts to expand its regulated generation mix ...