Entergy Texas Announces Quarterly Dividend for Preferred Stock
Entergy Texas Declares Quarterly Dividend Payment
Entergy Texas, Inc. has officially declared a quarterly dividend payment of $0.3359375 per share on its Series A Preferred Stock. This action showcases the company's commitment to returning value to its shareholders. Shareholders of record will be eligible to receive this dividend payment. Although the specific details surrounding the payment dates have changed, this consistent payout represents a positive trend for the company.
About Entergy Texas, Inc.
Entergy Texas, Inc. (NYSE: ETI) plays a pivotal role in providing electricity to an impressive customer base of approximately 524,000 individuals across 27 counties. As a subsidiary of Entergy Corporation (NYSE: ETR), the company’s operations extend beyond merely supplying power. Entergy integrates the production, transmission, and distribution of electricity to support approximately 3 million customers in states such as Arkansas, Louisiana, Mississippi, and Texas.
Connection to the Energy Grid
All customers are connected to the Midcontinent Independent System Operator Inc. power grid, ensuring a reliable and efficient transmission of electricity across the central region of the United States as well as into Manitoba, Canada. This strategic alignment emphasizes Entergy's dedication to maintaining high standards in energy delivery.
Commitment to Sustainability
At Entergy Texas, the focus is not only on growth but also on enhancing the reliability and resilience of the energy system. The company is dedicated to keeping energy rates affordable for its customers. Importantly, Entergy is making significant investments in cleaner energy generation, incorporating modern natural gas, nuclear, and renewable energy technologies into its portfolio.
Community Impact and Corporate Responsibility
Recognized as a leader in sustainability and corporate citizenship, Entergy consistently contributes more than $100 million each year to the communities it serves. This investment is evident through various channels, including philanthropy, volunteer efforts, and advocacy initiatives, significantly benefiting the local populations and improving quality of life.
Headquarters and Workforce
Entergy operates as a Fortune 500 company with its headquarters located in New Orleans, Louisiana. With a workforce of approximately 12,000 employees, the company is well-positioned to handle its extensive operations and continually adapt to the evolving energy landscape.
Engagement and Further Information
For those interested in learning more about Entergy Texas and its offerings, comprehensive details are available on the company’s official website and through their social media channels. They maintain an active online presence, engaging with customers and stakeholders alike to keep them informed about initiatives and developments.
Frequently Asked Questions
What is the newly declared dividend for Entergy Texas?
Entergy Texas has declared a quarterly dividend of $0.3359375 per share on its Series A Preferred Stock.
Who are the eligible shareholders for the dividend?
Shareholders of record as of the specified date will be eligible to receive the dividend.
How does Entergy Texas contribute to the community?
The company invests over $100 million annually in community efforts through philanthropy and advocacy.
Which energy sources is Entergy Texas focusing on?
Entergy Texas is investing in modern natural gas, nuclear, and renewable energy generation.
Where is Entergy Texas headquartered?
Entergy Texas is headquartered in New Orleans, Louisiana, and operates across multiple states.
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