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How FirstEnergy’s Yield Fared Compared to Its Peers

Vincent Kruger
How FirstEnergy’s Yield Fared Compared to Its Peers

FirstEnergy (FE) is trading at a dividend yield of 3.9%—higher than most utilities. The Utilities Select Sector SPDR ETF (XLU) offers a yield of 3.3%. FirstEnergy’s five-year average dividend yield is ~4.8%. In the first quarter of 2014, FirstEnergy cut its dividend per share from $0.55 to $0.36 when cash retention became vital. Since then, FirstEnergy hasn’t increased its quarterly dividend. Currently, FirstEnergy is trading at a forward dividend yield of 3.9%.