The Board of Directors of FirstEnergy Corp. has announced a quarterly dividend of $0.425 per share for its common stock. This dividend remains unchanged and will be payable on March 1, 2025, to shareholders recorded by February 7, 2025.
FirstEnergy operates one of the largest investor-owned electric systems in the United States, serving over six million customers across several states including Ohio, Pennsylvania, and New Jersey. The company manages approximately 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions.
The press release also included forward-looking statements addressing potential risks and uncertainties facing the company. These statements are based on current information available to management but caution readers about relying heavily on them due to possible changes in circumstances or outcomes.
Potential challenges highlighted include government investigations related to Ohio House Bill 6, litigation issues, economic conditions such as inflation and supply chain disruptions, severe weather events influenced by climate change, cybersecurity threats, regulatory developments concerning energy policies and compliance requirements, and changes in market conditions affecting financial metrics.
Additionally, FirstEnergy's ability to meet environmental goals and maintain investment-grade ratings amidst ongoing investigations were noted as significant factors that could impact future performance.
FirstEnergy advises evaluating security ratings independently as they can be revised or withdrawn at any time by rating agencies. They also emphasize that these forward-looking statements should be read alongside risk factors outlined in their SEC filings.
For further inquiries: News Media Contact is Tricia Ingraham at (330) 384-5247; Investor Contact is Gina Caskey at (330) 761-4185.