ETREntergy CorporationStock — Utilities
Yield
2.39%
$2.56 indicated at $107.34
Dividend
$0.64/qtr
Paid Sep 1, 2026; raised from $0.60 in late 2025
Payout ratio
65.6%
Per MarketBeat
Pays
Quarterly
Paid 24 consecutive years; ~60% of guided 2026 earnings
House verdict
Covered, regulated — a steady utility check. A $0.64 quarterly dividend at a 65.6% payout — about 60% of guided 2026 earnings — from a regulated utility serving 3 million customers across Arkansas, Louisiana, Mississippi and Texas, with roughly 24,000 MW of generation. Paid for 24 consecutive years.
Key risk: A debt-and-equity-funded build program — free cash flow is negative during the capex cycle, so the dividend rides financing access and regulatory recovery.
Changes if: Regulators balk at recovery or the payout passes ~75%.
- ✓Covered by earnings 65.6% payout per MarketBeat; about 60% of guided 2026 earnings.
- !Capex cycle FY2025 capex $7.685B against $5.151B operating cash flow — an externally financed build, normal for a utility but watched.
- ✓Payment history Dividend paid for 24 consecutive years; raised from $0.60 in late 2025.
What this grade doesn't say: It screens the dividend only — covered, real, compounding. It says nothing about valuation or price: a well-covered payer can still be overpriced, and its price can still fall.