EVRGEvergy, Inc.Stock — Utilities
Yield
3.29%
$2.78 indicated at $84.43
Dividend
$0.695/qtr
Paid Sep 18, 2026; raised from $0.6675
Payout ratio
70.9%
Trailing, per StockAnalysis
Pays
Quarterly
Growth streak counts differ (20–23 years); raise history verified
House verdict
Covered, growing — a regulated utility check. A $0.695 quarterly dividend, raised from $0.6675, at a 70.9% trailing payout — utility-normal — and about 30% of cash flow. Five-year dividend growth of 5.66%, 2026 adjusted EPS guidance of $4.14–$4.34, and a $21.6 billion 2026–2030 capex plan aimed at rate-base growth.
Key risk: The $21.6B capex plan must be recovered through rates — regulatory outcomes decide whether earnings keep pace with the dividend.
Changes if: The payout passes ~80% or a raise is skipped.
- ✓Covered by earnings 70.9% trailing payout, per StockAnalysis.
- ✓Covered by cash flow About 30% of cash flow paid out, per MarketBeat.
- !Capex cycle Free cash flow negative during the build; the dividend rides regulated recovery.
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.