FirstEnergy Declares Dividend: Down 34.5%

FirstEnergy just declared its quarterly dividend at .36/share, down 34.5% from last quarter’s .55/share.

Looks like Wall Street hasn’t been fooled by CEO Tony Alexander’s dumping the Harrison Power Station on WV rate payers.  It looks like Jonathan Bluhm’s predictions are coming true.

And FirstEnergy’s 2014 profit forecast is below what most analysts expected.

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