Duke Energy Corp (NYSE:DUK) announced a quarterly dividend on Friday, January 5th, RTT News reports. Shareholders of record on Friday, February 16th will be paid a dividend of 0.89 per share by the utilities provider on Friday, March 16th. This represents a $3.56 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend is Thursday, February 15th.
Duke Energy has increased its dividend payment by an average of 3.5% annually over the last three years and has raised its dividend every year for the last 11 years. Duke Energy has a payout ratio of 78.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Duke Energy to earn $4.81 per share next year, which means the company should continue to be able to cover its $3.56 annual dividend with an expected future payout ratio of 74.0%.
Shares of Duke Energy (DUK) opened at $77.08 on Wednesday. Duke Energy has a fifty-two week low of $72.93 and a fifty-two week high of $91.80. The stock has a market capitalization of $53,765.13, a PE ratio of 25.44, a price-to-earnings-growth ratio of 3.98 and a beta of 0.12. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17.
About Duke Energy
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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