FirstEnergy Corp. Declares Common Stock Dividend of $0.425 Per Share
AKRON, Ohio, July 24, 2024 — The Board of Directors of FirstEnergy Corp. (NYSE: FE) declared a quarterly dividend of $0.425 per share of outstanding common stock payable September 1, 2024, to shareholders of record at the close of business on August 7, 2024.
FirstEnergy emphasizes integrity, safety, reliability, and operational excellence. Its electric distribution companies form one of the nation’s largest investor-owned electric systems, serving over six million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company’s transmission subsidiaries operate approximately 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions. Follow FirstEnergy online at www.firstenergycorp.com and on X (formerly known as Twitter) @FirstEnergyCorp.
Forward-Looking Statements: This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 based on information currently available to management. Such statements are subject to certain risks and uncertainties and readers are cautioned not to place undue reliance on these forward-looking statements. These statements include declarations regarding management’s intents, beliefs and current expectations. These statements typically contain terms such as “anticipate,” “potential,” “expect,” “forecast,” “target,” “will,” “intend,” “believe,” “project,” “estimate,” “plan” and similar words.
Forward-looking statements involve estimates, assumptions, known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from any future results expressed or implied by such forward-looking statements. Factors include potential liabilities from government investigations and agreements; risks associated with compliance with or failure to comply with the Deferred Prosecution Agreement entered into July 21, 2021 with the U.S. Attorney’s Office for the Southern District of Ohio; risks related to litigation concerning Ohio House Bill 6; changes in economic conditions; weather variations; legislative and regulatory developments; physical attacks or cyber-attacks; ability to meet goals relating to environmental governance; changing market conditions affecting liabilities and asset values; exposure for remedial activities associated with retired electric generation assets; changes in customer demand for power; access to capital markets; actions by credit rating agencies; compliance with reliability standards; human capital management challenges; significant accounting policy changes; tax law changes or adverse tax audit results.
Dividends declared from time to time on FirstEnergy Corp.’s common stock during any period may vary due to circumstances considered by FirstEnergy Corp.’s Board of Directors at the time of actual declarations. A security rating is not a recommendation to buy or hold securities and is subject to revision or withdrawal at any time by the assigning rating agency.
These forward-looking statements should be read together with risk factors included in FirstEnergy Corp.’s Form 10-K, Form 10-Q and other SEC filings. New factors emerge from time to time making it impossible for management to predict all such factors or assess their impact on FirstEnergy Corp.’s business.
CONTACT: News Media – Tricia Ingraham (330) 384-5247; Investors – Gina Caskey (330) 761-4185
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