Balanced News: : NRG stock bounces off more than 2-year low after dividend raised, to boost yield above 4.7%

Shares of NRG Energy Inc. NRG, +2.45% bounced 2.1% in morning trading Friday, after the electricity generator and natural gas services company boosted its quarterly dividend by 7.9%, to 37.75 cents a share. The new dividend will payable Feb. 15 to shareholders of record on Feb. 1. NRG’s stock has tumbled 22.2% over the past three months, while the utilities ETF has rallied 10.1% and the S&P 500 has gained 7.2%.