Ex-Dividend Alert: Great Plains Energy has a Dividend Yield of 3.21%; Will Trade Ex-Dividend on November 28, 2017

LONDON, UK / ACCESSWIRE / November 27, 2017 / Active-Investors has a free review on Great Plains
Energy Inc. (NYSE: GXP) following the Company’s announcement that it will begin
trading ex-dividend on November 28, 2017. In order to capture the dividend
payout, investors must purchase the stock a day prior to the ex-dividend date
that is by latest at the end of the trading session on November 27, 2017. Active-Investors has initiated
due-diligence on this dividend stock. Register with us for more free research
including the one on GXP: www.active-investors.com/registration-sg/?symbol=GXP.

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includes dividend stocks, you have come to the right place for timely
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Dividend
Declared

On October 31,
2017, Great Plains Energy announced that its Board of Directors approved a
quarterly dividend of $0.2750 per share on its common stock. The common
dividend will be payable December 20, 2017, to shareholders of record as of
November 29, 2017.

Great Plains
Energy’s indicated dividend represents a yield of 3.21%, which is substantially
higher compared to the average dividend yield of 2.34% for the Utilities
sector. The Company has raised dividend for six consecutive years.

Dividend
Insights

Great Plains
Energy has a dividend payout ratio of 62.1%, which indicates that the Company
spends approximately $0.62 for dividend distribution out of every $1.00 earned.
The dividend payout ratio reflects how much amount a company is returning to
shareholders versus how much money it is keeping on hand to reinvest in growth,
to pay off debt, and/or to add to its cash reserves.

According to
analysts’ estimates, Great Plains Energy is forecasted to report earnings of
$1.70 for the next year, which is noticeably above the Company’s annualized
dividend of $1.10 per share.

As of September
30, 2017, Great Plains Energy had cash and cash equivalents worth
$1.10 billion compared to $1.29 billion as on December 31, 2016. For the
nine months of 2017, the Company generated cash flow from operating activities
of $649.7 million compared to $684.8 million for the year ago same period. The Company’s
strong financial position indicates its ability to absorb any fluctuations in
earnings and cash flow and to sustain the dividend distribution for a long
period.

Recent
Development for Great Plains Energy

On November 21,
2017, Westar Energy, Inc. (WR) and Great Plains Energy, the parent Company of
Kansas City Power & Light (“KCP&L”), announced at their respective
shareholder meetings that shareholders overwhelmingly approved the proposals
necessary for the merger between the two companies.

Westar Energy and
Great Plains Energy announced a revised transaction in July 2017 after the
Kansas Corporation Commission denied the companies’ original request to combine
in April. This revised agreement involves no transaction debt, no exchange of
cash, and is a stock-for-stock merger of equals, creating a Company with a
combined equity value of approximately $15 billion.

The merger is
expected to help maintain reliable, low cost energy for the company’s 1 million
Kansas customers and nearly 600,000 customers in Missouri. Additionally, with
one of the largest renewable energy portfolios in the nation, the new combined
Company will be a clean energy leader, supplying nearly half of its retail
sales from emissions-free electricity.

About Great Plains Energy Incorporated

Great Plains
Energy, through its subsidiaries, generates, transmits, distributes, and sells
electricity. The Company generates electricity using coal, nuclear, natural
gas, oil, wind, solar, and hydroelectric resources. It has approximately 6,500
megawatts of generating capacity. The Company sells electricity to
approximately 855,700 customers in western Missouri and eastern Kansas,
including approximately 753,500 residences and 99,700 commercial firms, as well
as 2,500 industrials, municipalities, and other electric utilities. Great
Plains Energy was founded in 1919 and is headquartered in Kansas City,
Missouri.

Stock Performance Snapshot

November
24, 2017 – At Friday’s closing bell, Great Plains Energy’s
stock rose 0.26%, ending the trading session at $34.35.

Volume traded for the
day: 338.71 thousand shares.

Stock performance in the
last month – up 6.84%; previous three-month period – up 10.49%; past twelve-month
period – up 28.65%; and year-to-date – up 25.59%

After last Friday’s
close, Great Plains Energy’s market cap was at $7.39 billion.

Price to Earnings (P/E)
ratio was at 184.68.

The stock has a dividend
yield of 3.20%.

The stock is part of the Utilities
sector, categorized under the Electric Utilities industry. This sector was up 0.1%
at the end of the session.

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