Quarterly Dividend Declaration by Entergy Texas
Entergy Texas, Inc. has made a significant announcement regarding its preferred stock. The company’s board of directors has declared a quarterly dividend of $0.3359375 per share on its Series A Preferred Stock. This decision reflects Entergy Texas's commitment to rewarding its shareholders while ensuring sustainable growth.
Upcoming Payment and Record Dates
The newly declared dividend will be payable on January 15, 2025, to shareholders who are on record as of January 3, 2025. This timing is crucial for investors to take note of, as it establishes when they need to hold shares to qualify for the dividend payout. Timely communication and updates of such financial matters are vital for maintaining trust with investors.
Entergy Texas Overview
Entergy Texas, Inc. (NYSE: ETI) is a prominent energy provider serving around 512,000 customers across 27 counties. The company is a subsidiary of Entergy Corporation, which is a leading name in the electric utility sector, listed among the Fortune 500 companies. Across its operating areas, Entergy powers life for approximately 3 million customers. The company's focus on investing in reliability, resilience, and progressive growth showcases its dedication to sustainable energy solutions.
Commitment to Sustainability
Entergy Texas not only aims to deliver electricity but also emphasizes its role in supporting the transition towards cleaner, more efficient energy resources. As part of its commitment to sustainability, Entergy has been a recognized leader in corporate citizenship. Over the last few years, the company has put its efforts behind philanthropic activities, volunteerism, and economic advocacy. Since 2018, Entergy has contributed over $100 million annually in economic benefits to the communities it serves.
Company Leadership and Future Outlook
Headquartered in New Orleans, Louisiana, Entergy maintains a robust workforce of approximately 12,000 employees. The organization's long-standing presence in the energy sector is complemented by its proactive stance on corporate responsibility and community engagement.
Staying Informed
For those interested in staying updated on the latest developments from Entergy Texas, the company encourages stakeholders to visit its online newsroom and engage with its social media platforms. This commitment to transparency and engagement with the communities highlights Entergy Texas's role as not just an energy provider, but a key player in regional growth and development.
Frequently Asked Questions
What is the amount of the declared dividend by Entergy Texas?
The declared dividend is $0.3359375 per share on its Series A Preferred Stock.
When will the dividend be paid?
The dividend is scheduled to be paid on January 15, 2025, to shareholders of record as of January 3, 2025.
How many customers does Entergy Texas serve?
Entergy Texas serves approximately 512,000 customers across 27 counties.
What is the parent company of Entergy Texas?
Entergy Texas is a subsidiary of Entergy Corporation, which is a well-known electric company listed in the Fortune 500.
What benefits does Entergy Texas provide to local communities?
Since 2018, Entergy has delivered over $100 million in economic benefits annually to local communities through various initiatives.
