The new dividend is 3.4% higher than the company’s previous quarterly dividend of 29 cents per share, and results in an indicated annual rate of $1.20 per share.
“We recognize the importance of our dividend as a component of total shareholder return,” said Bill Moore, president and chief executive officer. “Westar is committed both to returning value to our shareholders and providing safe, reliable electric energy to our customers at a reasonable price. This increase is consistent with our business plan, dividend payout guidelines and business expectations.”
