Assessing CenterPoint Energy's Dividend Ahead Of Its Q4 Numbers [Seeking Alpha]
CenterPoint Energy, Inc (Holding Co) (CNP)
Last centerpoint energy, inc (holding co) earnings: 2/27 06:30 am
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US:NYSE Investor Relations:
investors.centerpointenergy.com
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Source: Seeking Alpha
Summary The dividend yield is very close to its 3-year high. Shares trading for just over one times sales. We look into how the firm's key dividend metrics have been trending. The utility company CenterPoint Energy ( CNP Utility companies are notoriously popular for dividend orientated investors. In fact, when we take into account CenterPoint's current valuation, the dividend looks even more attractive. The dividend yield at present comes in at 4.56% which is well ahead of the mean in this sector (2.92%). As we head into earnings, CenterPoint shares are trading at a very attractive forward earnings multiple of 15.7. Furthermore, its cash flow multiple of 8.3 and sales multiple of 1.05 look again particularly attractive versus the averages in this industry. As we can see from the long-term chart below, shares printed a double top reversal last year and have been in a downward trend ever since. Near-term share price action has been negative as the former CEO rate High yielding firms inv
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CNP
Earnings
- 2/20/24 - Miss
CNP
Sec Filings
- 4/1/24 - Form PX14A6G
- 3/15/24 - Form DEFA14A
- 3/15/24 - Form DEF
- CNP's page on the SEC website