FirstEnergy Corp.

FE|Utilities|Utilities - Regulated Electric|$44.33|P/E 24.5|MCap 25.6B|NYSE

Last update: May 9, 2026 at 09:32

Dividend Safety Rating

Safe

FE's dividend appears safe and well-supported. Strengths include a 58.9% fcf payout ratio & 29.9% cfo payout ratio. Areas of concern: 96.7% earnings payout ratio & 2.5x interest coverage. As a utility, higher payout ratios and leverage are typical for this regulated sector.

Based on 15 of 15 metrics

Strengths

CFO Payout Ratio: 29.9%Operating cash flow strongly supports the payout.
Gross Margin: 62.2%High gross margin signals strong pricing power.
Dividend Streak: 11+ yrsLong, uninterrupted dividend track record.

Risks

Current Ratio: 0.5xLimited short-term liquidity to meet obligations.
Earnings Payout Ratio: 96.7%High earnings payout ratio leaves little safety margin.
Interest Coverage: 2.5xInterest coverage is thin relative to debt servicing.

Payout & Coverage

Caution

Earnings Payout Ratio

96.7%Warning

FCF Payout Ratio

58.9%Safe

CFO Payout Ratio

29.9%Very Safe

Interest Coverage

2.5xWarning

Balance Sheet

Caution

Net Debt / Total Assets

47.4%Caution

Current Ratio

0.5xDanger

Debt-to-Equity

198.9Safe

Profitability

Safe

Return on Equity

9.5%Caution

Operating Margin

20.5%Safe

Gross Margin

62.2%Very Safe

Profit Margin Stability

ModerateCaution

Dividend Track Record

Safe

11+ yrsVery Safe

NoneVery Safe

2.4%Caution

StableSafe

About FirstEnergy Corp.

FirstEnergy Corp. is an investor-owned holding company operating in the utilities sector, primarily focused on the transmission, distribution, and generation of electricity. It serves customers across five mid-Atlantic and Midwestern states through its subsidiaries, which manage regulated electric utilities. A key feature is its ownership and operation of one of the nation's largest electric transmission systems, alongside extensive distribution infrastructure that supports reliable power delivery. The company is structured into segments including Distribution, Integrated, and Stand-Alone Transmission, emphasizing grid modernization, reliability enhancements, and resiliency improvements. FirstEnergy Corp. plays a vital role in the regulated electric utility industry by maintaining and upgrading high-voltage transmission and distribution networks to meet regional energy demands. Headquartered in Akron, Ohio, it remains a significant participant in the U.S. energy market, delivering essential services to residential, commercial, and industrial consumers.

Dividend Overview

Dividend Yield

4.02%

Annual Dividend

$1.78

Frequency

Quarterly

Payout Ratio

96.74%

FCF Payout Ratio

58.94%

Stock Price

$44.33

52-Week Range

$39.28 – $52.34

Dividend History (2016–2025)

FE annual dividend per share and yield history

Earnings & Profitability

FE earnings per share and net profit margin

Key Dates

Last Ex-Dividend Date

May 7, 2026

Next Payment Date

June 1, 2026

Dividend Growth

3-Year Dividend CAGR

4.10%

5-Year Dividend CAGR

2.44%

10-Year Dividend CAGR

2.03%

3-Year Total Growth

12.82%

5-Year Total Growth

12.82%

10-Year Total Growth

22.22%

Income Calculator

FE Dividend Calculator

Number of Shares

Total Investment

$4,433.00

Annual Income

$178.00

Quarterly Income

$44.50

Monthly Income

$14.83

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Frequently Asked Questions

What is FE's current dividend yield?

FirstEnergy Corp. (FE) currently has a dividend yield of 4.02%, based on a stock price of $44.33 and an annual dividend of $1.78.

When is FE's next dividend payment date?

FE's next ex-dividend date is 2026-05-07 and the next payment date is 2026-06-01. You must own the stock before the ex-dividend date to receive the upcoming payment.

How much does FE pay in dividends per year?

FirstEnergy Corp. paid $1.76 per share in annual dividends in 2025. The dividends are paid quarterly.

Has FE been increasing its dividend?

FirstEnergy Corp. has grown its dividend at a 5-year CAGR of 2.44% and a 10-year CAGR of 2.03%.

Is FE's dividend safe?

FirstEnergy Corp. has a payout ratio of 96.74%. Its free cash flow payout ratio is 58.94%. The payout ratio is moderate. Monitor earnings to ensure sustainability.

How is FE's Dividend Safety Rating calculated?

The Dividend Safety Rating evaluates FirstEnergy Corp.'s dividend sustainability across four categories: Payout & Coverage (30%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (30%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for utilities companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.