Firstenergy Corp. (FE)

[Daybull]

FirstEnergy Maintains Dividend to .55 cents

FirstEnergy (NYSE: FE ) is keeping the dividend juice flowing. The company has declared a fresh common stock distribution of $0.55 per share, to be paid on September 1 to shareholders of record as of Aug. 7. That amount is in line with all of the firm's regular payouts stretching back to March 2008. Before that, FirstEnergy handed out $0.50 per share.

Typically for a utility, the company is a very steady dividend payer, although it rarely lifts its distribution. Over the past 10 years, its payout has ranged from $0.375 to the present level.

The just-declared dividend annualizes to $2.20 per share. That yields 5.7% at FirstEnergy's most recent closing stock price of $38.33.

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