NRG Energy Raises Quarterly Dividend 8% to $0.475 Per Share
NRG Energy, Inc., a power generation and retail electricity company, declared a quarterly dividend of $0.475 per share, an 8% increase from the prior quarter. The dividend was paid February 17, 2026.
NRG Energy, Inc. (NYSE: NRG), a power generation and retail electricity company, declared a quarterly dividend of $0.475 per share on January 23, 2026, marking an 8% increase from the previous quarterly dividend of $0.439 per share. The dividend was paid February 17, 2026, to shareholders of record as of February 2, 2026. Read more dividend announcements.
The increase aligns with the company's annual dividend target growth rate of 7% to 9% per share. On an annualized basis, the dividend represents $1.90 per share.
| Dividend Details | Information |
|---|---|
| Amount | $0.475 per share |
| Record Date | February 2, 2026 |
| Payment Date | February 17, 2026 |
| Type | Quarterly |
| Previous Amount | $0.439 per share |
Capital Returns and Share Repurchases
In 2025, NRG returned $1.6 billion to shareholders through $1.3 billion in share repurchases and $344 million in common stock dividends. The company has allocated $1.0 billion for share repurchases in 2026 and approximately $400 million for common stock dividends.
As of January 31, 2026, the company had executed $100 million in share repurchases under its 2026 program. The share repurchase program and common stock dividend remain subject to maintaining satisfactory credit metrics, available capital, market conditions, and regulatory compliance.
Recent Acquisition Activity
On January 30, 2026, NRG completed its acquisition of 13 gigawatts of power generation assets and CPower from LS Power. The transaction included 18 natural gas and dual fuel facilities across nine states, doubling the company's generation capacity.
The company issued $4.9 billion in notes in October 2025 to partially fund the acquisition and refinance existing debt. NRG reaffirmed its 2026 financial outlook, which includes approximately 90% of the acquired portfolio's estimated full-year contribution.