Why EVRG Might Be Your Next Dividend Goldmine

Evergy Inc. (EVRG) is quietly becoming one of the most interesting plays in the utilities sector—and the numbers back it up.

The Growth Story

Here’s what caught our attention: Wall Street’s consensus pegs EVRG’s 2025 EPS at $4.01, with 2026 climbing to $4.28. That’s steady, predictable growth in a sector that usually doesn’t move fast. Revenue-wise, we’re looking at $5.95B for 2025 (up 1.8% YoY) expanding to $6.23B in 2026 (4.59% growth). The long-term earnings CAGR sits at 5.78%—not sexy, but solid.

Why? Evergy’s playing the infrastructure game smart: expanding transmission networks through strategic partnerships, scooping up renewable assets to hit carbon neutrality by 2045. This is the boring-but-necessary infrastructure buildout that actually pays dividends—literally.

The Dividend Angle (3.61% Yield)

If you’re tired of S&P 500 yields averaging just 1.12%, EVRG’s quarterly dividend of $0.695/share (annualized $2.78) deserves a second look. That’s a 3.61% yield—more than 3x the broader market. Not flashy, but reliable income in a rising rate environment.

Financial Health Check

Utilities are capital-hungry by nature, but EVRG’s keeping debt under control better than peers. Their debt-to-capital ratio sits at 55.84% vs. the industry average of 59.51%.

More importantly: Their Times Interest Earned ratio (TIE) hit 2.5 in Q3 2025. Translation? Their operating earnings cover interest payments comfortably. With the Fed’s rate corridor now at 3.75-4%, refinancing costs are easing—a tailwind for debt-heavy sectors.

Stock Performance

Over the past 12 months, EVRG gained 18.8%, outpacing the utility sector’s 15.6% return. Not explosive, but consistent.

The Verdict

Zacks slapped it with a Rank #2 (Buy) rating. EVRG isn’t the stock to make you rich quick—it’s the one you hold for steady, predictable returns and that juicy dividend check showing up quarterly.