NRG Energy to increase dividend in 2013 by 33% to 48c per share annually Having substantially completed its $1B debt reduction target announced in connection with the GenOn transaction, placing key credit ratios in line with the Company’s long held prudent balance sheet management targets and with de facto constraints on paying down significantly more of its debt at this time, NRG wants to return more of its excess capital to shareholders. Accordingly, the Company hereby announces its intentions to increase its common stock dividend in 2013 by 33% to 48c per share annually, representing approximately a 2% yield against our current market price per share. In addition, NRG is authorized to repurchase $200M of its common stock. These actions do not foreclose the possibility of further or different capital allocation actions later in 2013.
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