CenterPoint Energy raises quarterly dividend 4%
Dividend increases from 18.25 cents to 19 cents per share
HOUSTON . CenterPoint Energy, Inc.s (NYSE:CNP) board of directors today declared a regular quarterly cash dividend of $0.19 per share of common stock payable on March 10, 2009, to shareholders of record as of the close of business on February 16, 2009. This represents more than a four percent increase over the $0.1825 per common share quarterly dividends paid by the company in 2008.
I am pleased to announce that for the fourth consecutive year, we are raising our dividend, said David M. McClanahan, president and chief executive officer of CenterPoint Energy. This increase demonstrates a strong commitment to our shareholders and the confidence the board of directors has in our ability to deliver sustainable earnings and cash flow.
CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution, competitive natural gas sales and services, interstate pipelines, and field services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. Assets total over $19 billion. With about 8,600 employees, CenterPoint Energy and its predecessor companies have been in business for more than 130 years. For more information, visit the Web site at www.CenterPointEnergy.com.
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