March 18, 2010 (FinancialWire) — Progress Energy’s (NYSE: PGN) board of directors has declared a dividend on the company’s common stock. The quarterly dividend was declared at 62 cents per share, payable May 3, 2010, to shareholders of record as of April 12, 2010.

This represents a total annual dividend of $2.48 per share.

North Carolina-based Progress Energy boasts more than 22,000 megawatts of generation capacity and $9 billion in annual revenues.

Progress Energy includes two electric utilities that serve around 3.1 million customers in the Carolinas and Florida.

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