By Sabela Ojea
FirstEnergy increased its quarterly payout to shareholders amid confidence in its long-term business plan.
The electric services company on Tuesday said its board of directors declared a quarterly dividend of 41 cents a share, up from 39 cents previously.
“While all dividend declarations are subject to board approval, we intend to increase our dividend over time in line with our operating earnings growth,” President and Chief Executive Brian Tierney said.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
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