El Paso Electric (EE) Raises Quarterly Dividend 5.1% to $0.31; 2.8% Yield

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Go back to El Paso Electric (EE) Raises Quarterly Dividend 5.1% to $0.31; 2.8% Yield

El Paso Electric Announces an Increase in the Quarterly Dividend

May 26, 2016 7:53 PM EDT

EL PASO, Texas--(BUSINESS WIRE)-- The Board of Directors of El Paso Electric Company (NYSE: EE) has declared a regular quarterly cash dividend on its common stock of $0.31 per share. The dividend was declared on May 26, 2016, and is payable on June 30, 2016, to shareholders of record as of the close of business on June 15, 2016. At the new rate, the indicated annualized cash dividend would be $1.24 per share for the following year, up from $1.18 per share paid in the last four quarters.

El Paso Electric is a regional electric utility providing generation, transmission and distribution service to... More