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Quotes delayed 20 minutes
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Hold (2.50 out of 4)
26th percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Thursday, April 9, 3:11 PM
Slide #50. CenterPoint Energy, Inc. — Preferred Stock Offering
| Company: |
CenterPoint Energy, Inc. (NYSE:CNP) |
| Date announced: |
8/15/2018 |
| Shares Offered: |
800,000 |
| Date of Pricing: |
8/15/2018 |
| Price Per Share: |
$1,000.00 |
| Preferred Stock Offering Details: |
CenterPoint Energy, Inc. (NYSE: CNP) today announced the pricing of an underwritten public offering of 800,000 shares of its Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock, par value $0.01 per share (Series A Perpetual Preferred Stock), at a price to the public of $1,000 per share. Dividends on the Series A Perpetual Preferred Stock will accrue at an annual rate of 6.125% until September 1, 2023. Subject to customary closing conditions, the offering is expected to close on or about August 22, 2018. |
CenterPoint Energy owns interests in Enable Midstream Partners, LP. Co.'s subsidiaries own and operate electric transmission and distribution, electric generation and natural gas distribution facilities, supply natural gas to commercial and industrial customers and electric and natural gas utilities and provide underground pipeline construction and repair services, energy performance contracting and sustainable infrastructure services. Co.'s segments include: Houston Electric T&D, which consists of electric transmission and distribution services in the Texas Gulf Coast area; and Energy Services, which consists of non-rate regulated natural gas sales and services operations. Preferred: CNP.PRB
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