Huaneng Power International Inc ADR Class N (NYSE:HNP) Declares Dividend Increase – $0.76 Per Share

Huaneng Power International Inc ADR Class N (NYSE:HNP) declared an annual dividend on Wednesday, May 6th, Wall Street Journal reports. Stockholders of record on Thursday, July 2nd will be paid a dividend of 0.7645 per share by the utilities provider on Thursday, September 10th. This represents a dividend yield of 3.7%. The ex-dividend date is Wednesday, July 1st. This is an increase from Huaneng Power International Inc ADR Class N’s previous annual dividend of $0.51.

Huaneng Power International Inc ADR Class N has a payout ratio of 24.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Huaneng Power International Inc ADR Class N to earn $1.58 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 32.9%.

Shares of HNP stock opened at $15.04 on Tuesday. The firm has a market cap of $5.76 billion, a P/E ratio of -150.40, a PEG ratio of 0.67 and a beta of 0.74. Huaneng Power International Inc ADR Class N has a 1-year low of $11.69 and a 1-year high of $24.33. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.46 and a quick ratio of 0.40. The firm’s 50-day simple moving average is $14.96 and its 200-day simple moving average is $16.51.

Huaneng Power International Inc ADR Class N (NYSE:HNP) last announced its quarterly earnings data on Tuesday, March 31st. The utilities provider reported ($1.56) earnings per share for the quarter. The company had revenue of $6.95 billion for the quarter. Huaneng Power International Inc ADR Class N had a return on equity of 0.05% and a net margin of 0.04%. Analysts expect that Huaneng Power International Inc ADR Class N will post 1.68 earnings per share for the current fiscal year.

A number of research firms have commented on HNP. ValuEngine downgraded shares of Huaneng Power International Inc ADR Class N from a “hold” rating to a “sell” rating in a report on Friday, May 1st. CLSA downgraded shares of Huaneng Power International Inc ADR Class N from an “outperform” rating to an “underperform” rating in a report on Wednesday, April 1st. Finally, Zacks Investment Research downgraded shares of Huaneng Power International Inc ADR Class N from a “buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Huaneng Power International Inc ADR Class N presently has a consensus rating of “Hold” and an average price target of $17.00.

About Huaneng Power International Inc ADR Class N

Huaneng Power International, Inc, through its subsidiaries, generates and sells electricity and heat to the regional or provincial grid companies in the People's Republic of China and Singapore. It is involved in the development, investment, construction, operation, and management of power plants and related projects; and generation, wholesale, and retail of power and other relating utilities.

Featured Article: What is the Gross Domestic Product (GDP)?

Dividend History for Huaneng Power International Inc ADR Class N (NYSE:HNP)

Receive News & Ratings for Huaneng Power International Inc ADR Class N Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huaneng Power International Inc ADR Class N and related companies with MarketBeat.com's FREE daily email newsletter.