The Board of Directors of FirstEnergy Corp. has declared an unchanged quarterly dividend of $0.425 per share of outstanding common stock. This dividend is payable on December 1, 2024, to shareholders of record at the close of business on November 7, 2024.
FirstEnergy serves over six million customers across Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York through its electric distribution companies. The company operates approximately 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions.
In a statement regarding forward-looking statements under the Private Securities Litigation Reform Act of 1995, FirstEnergy highlighted various risks and uncertainties that could impact future results. These include potential liabilities from government investigations and agreements such as compliance with the Deferred Prosecution Agreement entered into with the U.S. Attorney's Office for the Southern District of Ohio on July 21, 2021.
Additional risks involve uncertainties related to Ohio House Bill 6 (HB 6), economic conditions including inflation and supply chain disruptions, severe weather events influenced by climate change, legislative developments in energy regulation and cyber security threats. The company's ability to meet goals related to environmental and corporate governance improvements also poses potential challenges.
FirstEnergy's forward-looking statements are based on current information but are subject to significant risks which may cause actual results to differ materially from those projected. These statements should be read alongside risk factors detailed in FirstEnergy's filings with the SEC.
For more information about FirstEnergy’s operations or investor inquiries, contact Tricia Ingraham at (330) 384-5247 or Gina Caskey at (330) 761-4185.