Avangrid Increases Dividend to Enhance Shareholder Value
Avangrid Announces Increased Quarterly Dividend
Avangrid, Inc. (NYSE: AGR) has recently announced an exciting development for its shareholders. The Board of Directors has declared a quarterly dividend of $0.44 per share on the company’s common stock. This news comes as part of Avangrid's ongoing efforts to provide value to its investors while maintaining its position as a key player in the sustainable energy sector.
Details About the Dividend Declaration
The dividend, which is set to be payable on January 2, 2025, reflects Avangrid's commitment to rewarding its shareholders. Those who are shareholders as of the close of business on December 2, 2024 will be eligible to receive this dividend, showcasing Avangrid’s dedication to enhancing shareholder value.
About Avangrid and Its Operations
Avangrid, Inc., a prominent figure in the energy market, aims to lead in sustainable energy solutions throughout the United States. This subsidiary of Iberdrola, S.A. is based in Orange, Connecticut, and boasts approximately $45 billion in assets while operating in 24 U.S. states. Avangrid has two primary segments: networks and renewables, which are vital to its business strategy.
Networks
The networks segment includes the ownership and operation of eight electric and natural gas utilities, which collectively serve over 3.3 million customers spread across New York and New England. This aspect of the business is crucial in ensuring that reliable and efficient energy services are delivered to millions, bolstering the company’s reputation as a dependable provider.
Renewables
Avangrid is also a leader in the renewable energy space, with a robust portfolio of renewable energy generation facilities throughout the United States. These initiatives not only contribute to the growth of green energy but also support the country’s transition towards a more sustainable energy future.
Recognition and Corporate Responsibility
The company’s efforts have not gone unnoticed. For the fourth consecutive year, Avangrid has been recognized by JUST Capital as one of America’s top corporate citizens, ranking first among utility companies and 12th overall in 2024. This acknowledgment highlights the company’s focus on business practices that are not only profitable but also ethical and responsible.
Sustainable Development Goals
Avangrid is strongly aligned with the U.N.’s Sustainable Development Goals, striving to make a significant impact through its operations. In addition, the Ethisphere Institute named it among the World’s Most Ethical Companies in 2024, marking the sixth straight year for this prestigious recognition.
Commitment to Stakeholders
With approximately 8,000 employees, Avangrid is not only a key player in the energy sector but also a significant employer. The company places an emphasis on creating a positive workplace culture and ensuring that it remains a responsible corporate citizen while maximizing shareholder returns.
Conclusion
As Avangrid proceeds with its strategies to enhance shareholder value through announced dividends and sustainable practices, it continues to pave the way for a greener and more sustainable energy future. Investors excited about continued growth and engagement in the sustainable energy movement can look forward to the upcoming dividend and the impact of Avangrid’s operations across the United States.
Frequently Asked Questions
What is the declared dividend amount for Avangrid?
Avangrid has declared a quarterly dividend of $0.44 per share.
When will the dividend be paid out?
The dividend will be paid on January 2, 2025, to shareholders on record as of December 2, 2024.
What are Avangrid’s primary business sectors?
Avangrid operates primarily in two sectors: networks and renewables.
How many customers does Avangrid serve?
Avangrid serves more than 3.3 million customers across New York and New England.
How has Avangrid been recognized in recent years?
Avangrid has received accolades for being among the best corporate citizens and has been recognized as one of the World’s Most Ethical Companies.
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