FirstEnergy (FE) Rewards Shareholders With 6% Dividend Hike

FirstEnergy Corporation (FE) announced that its board of directors has approved a 6% increase in its quarterly dividend rate. The new dividend rate will be 42.5 cents per share compared with the previous quarter’s 41 cents, payable on Jun 1, 2024, to stockholders of record as of May 7, 2024.This increase resulted in an annualized dividend of $1.70 per share compared with the prior level of $1.60 in 2023. FirstEnergy’s current dividend yield is 4.29%, higher than the Zacks S&P 500 Composite's average of 1.31 ...