The Board of Directors of FirstEnergy Corp. (NYSE: FE) today declared a quarterly dividend of $0.41 per share of outstanding common stock payable December 1, 2023, to shareholders of record at the close of business on November 7, 2023. This represents a 5% increase compared to quarterly payments of $0.39 per share paid by the company since March 2020.
"This increase reflects our commitment to enhancing value for shareholders and the Board's confidence in our long-term business plan," said Brian X. Tierney, FirstEnergy president and chief executive officer. "While all dividend declarations are subject to Board approval, we intend to increase our dividend over time in line with our operating earnings growth."
FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy on Twitter @FirstEnergyCorp or online at www.firstenergycorp.com.