NRG Energy Says Expects To Increase Its Dividend Per Share By 7-9% Annually, Complete Its $2.7B Share Repurchase Authorization And Reduce Debt By Up To $2.55B By Year-End 2025.
Portfolio Pulse from Benzinga Newsdesk
NRG Energy has announced plans to increase its dividend per share by 7-9% annually, complete its $2.7 billion share repurchase authorization, and reduce its debt by up to $2.55 billion by the end of 2025.
February 28, 2024 | 12:08 pm
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NRG Energy plans to increase its dividend per share by 7-9% annually, complete a $2.7 billion share repurchase, and reduce debt by up to $2.55 billion by 2025.
The announcement by NRG Energy to increase dividends, complete a substantial share repurchase program, and reduce debt significantly is likely to be viewed positively by investors. These actions demonstrate confidence in the company's financial health and future prospects, potentially leading to increased investor demand for NRG shares. The commitment to returning value to shareholders through dividends and share repurchases, combined with a focus on reducing debt, can enhance the company's financial stability and attractiveness to investors.
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