Eversource Energy dividend
MyStockButler's October 2026 analysis: Eversource Energy pays shareholders a dividend with a current yield of 4.8%. Its real free cash flow was negative in each of 2021–2025 before dividends, so operating cash did not cover the dividend.
Is Eversource Energy's dividend covered by its cash?
Shareholders continued to receive dividends, while Eversource issued debt and sold new shares. New shares bring in cash but spread future earnings across more owners. Debt preserves ownership percentages but adds interest and repayment obligations. Because the company’s cash was insufficient for construction, dividends and debt repayment together, the funding sources formed one pool rather than separate loans with separate purposes.
Cumulative real free cash flow was negative $7.463 billion from 2021 through 2025, before dividends. The investment may create useful assets, but shareholders still need borrowing or new equity to finance the gap.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Free cash flow | -45,097 | -2,320,792 | -2,690,688 | -1,040,559 | -1,212,480 |
| − Dividends paid | 1,093,074 | 1,001,488 | 918,995 | 860,033 | 805,439 |
| − Share buybacks | 0 | 0 | 0 | 0 | 0 |
| = Paid out more than the free cash flow | 1,145,690 | 3,329,799 | 3,617,202 | 1,908,111 | 2,025,438 |
| + New shares sold | 465,389 | 989,447 | 0 | 197,058 | 0 |
| + Debt issued | 2,942,353 | 4,501,623 | 5,893,897 | 4,045,000 | 3,486,125 |
What this means. The company paid dividends even when its free cash flow was negative, so it had to use savings, sell investments, issue shares, or borrow money.
How much would Eversource Energy's dividend pay you?
$10,000 invested in Eversource Energy at its 4.8% dividend yield (our report of October 21, 2026) pays $480.00 in the first year, before tax. If its dividend per share keeps changing 5.9% a year, as it did from 2021 to 2025, and the dividends are reinvested, year 10 pays $1,366.01, with $8,394.19 received in all.
Before tax. Past dividend growth is not a promise. Information only, not investment advice.
What could change Eversource Energy's dividend?
Management guides to $4.57–$4.72 of recurring EPS in 2026 and targets 5%–7% cumulative EPS growth for 2026–2030. It plans $26.5 billion of infrastructure investment and $800 million–$1.1 billion of common equity issuance. The weighted case prices at the first and last forecast dates, the return, and bear/base/bull probabilities are not stated.
What is Eversource Energy's dividend yield today?
The price case is unresolved: the 13.3x forward P/E implies about $4.93 of future EPS, and the outcome hinges on approved investment becoming earnings for each share. The 4.8% dividend yield sits beside a negative free-cash-flow yield, making funding central.
| Today (Oct 21, 2026) | |
|---|---|
| Share price (US$ per share) | 65.60 |
| Free cash flow yield (calculated) | -0.2% |
| Real free cash flow yield (calculated) | -0.3% |
| Dividend yield (calculated) | 4.8% |