On Wednesday, January 29th the Board of Directors of Eversource Energy (ES) announced a quarterly dividend increase of from $0.715 to $0.7525 per share that’s payable March 31, 2025 to holders of record March 4, 2025. This represents a 5.24% increase over the last quarterly dividend.
With current price $57.98 (today's open), this raise brings their dividend yield to 5.19%.
Eversource Energy is a Dividend Champions with a 27 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 5.9, 5.9, 6.0 and 6.2 (Dividend Champions.xls)
As an owner of 55 shares of Eversource Energy, the recent dividend increase adds $6.15 to my projected annual net dividend income.
The increase was in line with my expectations and I am happy to accept it.
This recent dividend increase marks the second consecutive raise I’ve received from Eversource Energy since initiating a position in January 2024. Over this time, the quarterly dividend has grown from $0.675 to $0.7525 per share, representing a 11.5% increase.
Following this increase, my yield on cost is 5.25%.
Mainos
Summary of 2025 Dividend Increases / Cuts
Click here to see my portfolio holdings.
You can follow the development of my dividends here.
Full Disclosure: Long ES
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