CenterPoint Energy, Inc. (NYSE:CNP) revealed that it has closed its investment in 14.52 million units of 10% Series A Fixed-to-Floating Non-Cumulative Redeemable Perpetual Preferred Units that represent limited partner interests in Enable Midstream Partners (NYSE:ENBL) at $25 per unit. In line with this, Enable Midstream redeemed about $363 million of notes payable to CenterPoint Energy Resources Corporation, an indirect of CenterPoint Energy, fully-owned subsidiary.

The notes bear rates between 2.10% and 2.45% due by 2017. CenterPoint Energy used the proceeds from the recent redemption for Enable Midstream’s preferred units.

The transaction is anticipated to be accretive to the earnings of CenterPoint Energy.

Annual Investors’ Meeting

Earlier this month, CenterPoint Energy revealed that the annual meeting of shareholders for this year will be held on April 28 at 9 a.m. CDT at the CenterPoint Energy Tower auditorium, 111 Louisiana St., Houston, Texas. Investors of record on March 3, will be notified of further details and will be eligible to partake and vote.

Stock Update

The company is set to release its latest earnings report on February 26. Recently, CenterPoint Energy disclosed a quarterly dividend, which will be paid on March 10. Shareholders of record on February 16 will receive a dividend of $0.2575 a share, up by 4% from its previous quarterly dividend of $0.25. The ex-dividend date is February 9. This shows an annualized dividend of $1.03 and a dividend yield of 5.62%.

Read Across America Project

Earlier this month, CenterPoint Energy encouraged everyone to participate in empowering a nation of readers through its project called “Read Across America” on March 2. It is an annual project held in commemoration of Dr. Seuss’ birthday to help remind adults of the importance of reading to children.

Diane Englet, CenterPoint Energy Senior Director of Community Relations, believes that reading to children helps gain a broader perspective and imagination of the world.

Thousands of schools and community centers participate in this annual event of reliving the fun of exploring books. The main goal of CenterPoint Energy is to improve the quality of life by reaching out to the local communities, further establishing its commitment to the economy.