LONDON, UK / ACCESSWIRE / September 15, 2017 / Pro-Trader Daily takes a closer look at Eversource Energy (NYSE: ES) as the Company's stock will begin trading ex-dividend on September 18, 2017. In order to capture the dividend payout, investors must purchase the stock a day prior (excluding weekend) to the ex-dividend date, that is by latest at the end of trading session on September 15, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

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Dividend Declared

On September 06, 2017, Eversource Energy's Board of Trustees approved a quarterly dividend of $0.475 per share, payable on September 29, 2017, to shareholders of record as of the close of business on September 19, 2017.

Eversource Energy's indicated dividend represents a yield of 3.03%, which is substantially ahead of the average dividend yield of 2.37% for the Utilities sector.

Dividend Insights

Eversource Energy has a dividend payout ratio of 59.9%, which indicates that the Company distributes approximately $0.60 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Eversource Energy is forecasted to report earnings of $3.32 for the next year which is substantially above its annualized dividend of $1.90.

Eversource Energy's cash flows from operating activities were $907.97 million for H1 2017 compared to $978.44 million for H1 2016. As on June 30, 2017, Eversource Energy had $24.64 million in cash and cash equivalents. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain its dividend distribution for a long period.

Recent Development for Eversource Energy

On July 27, 2017, Eversource Energy and Hydro-Québec (HQ) announced that they have submitted two comprehensive proposals in response to the Massachusetts Clean Energy solicitation. Both proposals would use the Northern Pass Transmission project (NPT) to deliver significant amounts of clean energy to the New England grid, interconnecting in New Hampshire. The solicitation is the result of a law passed last year by the Massachusetts Legislature to provide for new sources of clean energy for decades into the future. The companies noted that the two proposals are a 100% hydropower option and a hydropower and onshore wind combination option, and both highlight NPT's advanced project development and Eversource Energy's extensive experience in building and operating the transmission grid in the region.

The Northern Pass transmission line begins at the Canadian border in Pittsburg, New Hampshire and extends 192 miles to Deerfield, New Hampshire where it connects to the New England grid. More than 80% of the line will be located along existing transmission corridors or buried along roadways to eliminate potential view impacts in the White Mountain National Forest area.

About Eversource Energy

Eversource Energy operates New England's largest energy delivery company and is committed to safety, reliability, environmental leadership and stewardship, as well as expanding energy options, for approximately 3.7 million electric and natural gas customers in Connecticut, Massachusetts, and New Hampshire. Recognized as the top US utility for its energy efficiency programs by the sustainability advocacy organization Ceres, Eversource Energy has approximately 8,000 employees across three states.

Stock Performance

On Thursday, September 14, 2017, the stock closed the trading session at $63.05, rising 1.09% from its previous closing price of $62.37. A total volume of 1.45 million shares have exchanged hands, which was higher than the 3-month average volume of 1.29 million shares. Eversource Energy's stock price rallied 0.77% in the last one month, 7.70% in the past six months, and 17.41% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have surged 14.16%. The stock is trading at a PE ratio of 20.38 and has a dividend yield of 3.01%. The stock currently has a market cap of $20.01 billion.

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