NRG Energy Plans To Raise Annual Common Dividend By 8% To $1.63 Per Share
Portfolio Pulse from Benzinga Newsdesk
NRG Energy has announced its 2024 capital allocation plan, which includes $500 million in debt reduction, $825 million in share repurchases, an 8% increase of the annual common dividend to $1.63 per share, and $342 million in growth and other. This is consistent with the company's 7-9% long-term growth target.
November 02, 2023 | 11:22 am
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NRG Energy's 2024 capital allocation plan, including debt reduction, share repurchases, and dividend increase, indicates a strong financial position and commitment to shareholder returns.
The announced capital allocation plan indicates NRG Energy's strong financial position and commitment to shareholder returns. The plan includes debt reduction, which improves the company's financial health, and share repurchases, which can increase the stock price. The increase in the annual dividend also makes the stock more attractive to investors, potentially leading to an increase in the stock price.
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