Entergy Corp Stock Price, News & Analysis

On April 10, 2023, Entergy's board declared a quarterly dividend payment of $1.07 per share on common stock. This dividend is payable on June 1, 2023, to shareholders of record as of May 4, 2023.

Entergy has consistently paid dividends since 1988, reaffirming its commitment to providing returns to shareholders. The company serves approximately 3 million customers across Arkansas, Louisiana, Mississippi, and Texas, and is recognized for its efforts in sustainability and community support, having delivered over $100 million in economic benefits annually since 2018.

Entergy Corporation participated in the first-ever EmPOWERing Pro Bono Day, aimed at providing legal assistance to underserved communities across its service territories. The event saw the collaboration of in-house legal teams from various electric and natural gas companies, including Entergy, which engaged over 150 volunteer attorneys to support vulnerable clients. During this initiative, Entergy's legal team assisted nearly 200 individuals in Arkansas, Louisiana, Mississippi, and Texas, addressing critical legal issues such as life-planning documents for seniors and domestic violence representation. The effort served over 315 clients, focusing on enhancing community resilience amidst challenges.

Entergy Corporation recently announced its partnership with The American Heart Association to sponsor the STEM Goes Red event, aimed at encouraging young women to pursue careers in Science, Technology, Engineering, and Mathematics (STEM). Held at Xavier University, the event engaged over 90 students from various schools and included networking and mentorship opportunities.

Vice President of Corporate Social Responsibility, Patty Riddlebarger, emphasized the importance of increasing diversity in STEM fields, noting that while women occupy nearly half of the workforce, only 26% are in STEM roles. This initiative seeks to empower young women, particularly minorities, to explore these fields.

On March 30, 2023, RWE and Entergy signed a Memorandum of Understanding to explore the offshore wind energy market in the Gulf of Mexico. This partnership aims to assess five key areas including market demand for carbon-free energy, transmission reliability, and economic impacts such as job creation. RWE's CEO, Sam Eaton, highlighted the strategic advantages of the existing oil and gas supply chain in the region. Entergy, serving approximately 3 million customers, is committed to net-zero emissions by 2050 and plans to triple its renewable resources in the coming years. The partnership positions both companies to enhance the clean energy landscape in Texas and Louisiana.

The board of directors of Entergy Texas has declared a quarterly dividend of $0.3359375 per share on its Series A Preferred Stock. This dividend will be payable on April 15, 2023, to shareholders of record as of April 4, 2023. Entergy Texas serves nearly 500,000 customers across 27 counties and is part of Entergy Corporation, which provides energy to 3 million customers in the U.S. Entergy is recognized for its commitment to sustainability and has contributed over $100 million annually to local communities since 2018.

Entergy Louisiana is pursuing a significant renewable power expansion, filing a request with the Louisiana Public Service Commission on March 13 for approval to add 3 gigawatts of solar power. This expansion follows an earlier request for 225 megawatts of solar energy. With a total of 3,225 megawatts now in the approval queue, Entergy aims to enhance its generation portfolio and support state economic growth while reducing its carbon footprint. Current renewable resources total 280 megawatts, contributing to 25% of its portfolio being carbon-free. Entergy's broader goal is to achieve 15 to 17 gigawatts of renewables by 2031.