Now that FE has dropped to the 36 and change level, with about a six per cent yield, perhaps it's time to pull the trigger on this utility. Although Standard and Poors doesn't think FE will increase its dividend any time soon, they do consider the current dividend level to be safe. With banks yielding next to nothing, a six per cent yield looks pretty compelling.
FirstEnergy (FE) Shares Cross 6% Yield Mark
FirstEnergy Corp. (NYSE: FE) is an S&P 500 company, giving it special status as one of the large-cap companies making up the S&P 500 Index.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of FirstEnergy Corp., looking at the history chart for FE below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 6% annual yield.
Believe it....maybe will go higher than 6% return in the future......which looks great for Energy.