Entergy has declared its first quarterly dividend of 2013. The company is to pay $0.83 per share on March 1 to stockholders of record as of the end of Feb. 15.

That amount has been the same every quarter since mid-2010. At an annualized rate of $3.32, it represents a yield of 5.1% on the company's current share price.

The company, which is celebrating its 100-year anniversary this year, is to get a new CEO shortly. J. Wayne Leonard retired from the position at the end of January after serving notice last September. He had worked at Entergy since 1998.

The article Entergy Declares Its First Dividend of 2013 originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in Entergy. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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