Great Plains Energy Incorporated (NYSE:GXP) declared a quarterly dividend on Tuesday, February 13th, RTT News reports. Shareholders of record on Tuesday, February 27th will be given a dividend of 0.275 per share by the utilities provider on Tuesday, March 20th. This represents a $1.10 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Monday, February 26th.
Great Plains Energy has increased its dividend payment by an average of 5.6% annually over the last three years and has increased its dividend every year for the last 7 years. Great Plains Energy has a payout ratio of 62.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Great Plains Energy to earn $1.80 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 61.1%.
Great Plains Energy (NYSE:GXP) opened at $29.78 on Wednesday. Great Plains Energy has a 1 year low of $27.60 and a 1 year high of $34.72. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.44 and a quick ratio of 1.24. The company has a market cap of $6,581.99, a PE ratio of 17.54, a price-to-earnings-growth ratio of 3.40 and a beta of 0.38.
A number of research firms have commented on GXP. UBS Group began coverage on shares of Great Plains Energy in a research report on Friday, February 2nd. They issued a “neutral” rating and a $32.00 target price on the stock. JPMorgan Chase & Co. decreased their target price on shares of Great Plains Energy from $37.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday, January 25th. SunTrust Banks set a $29.00 target price on shares of Great Plains Energy and gave the company a “hold” rating in a research report on Tuesday, January 16th. Morgan Stanley raised shares of Great Plains Energy to a “buy” rating and set a $26.00 target price on the stock in a research report on Tuesday, February 13th. Finally, ValuEngine raised shares of Great Plains Energy from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $31.50.
COPYRIGHT VIOLATION WARNING: “Great Plains Energy Incorporated (GXP) to Issue Quarterly Dividend of $0.28” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/21/great-plains-energy-incorporated-gxp-to-issue-quarterly-dividend-of-0-28.html.
Great Plains Energy Company Profile
Great Plains Energy Incorporated (Great Plains Energy) is a utility holding company. The Company operates through electric utility segment. The Company’s subsidiaries with operations include Kansas City Power & Light Company (KCP&L) and KCP&L Greater Missouri Operations Company (GMO). KCP&L is an integrated, regulated electric utility that provides electricity to customers primarily in the states of Missouri and Kansas.
Receive News & Ratings for Great Plains Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Plains Energy and related companies with MarketBeat.com's FREE daily email newsletter.