Duke Energy Corp (DUK) Declares $0.89 Quarterly Dividend

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.

Several brokerages have issued reports on DUK. SunTrust Banks set a $79.00 price target on Duke Energy and gave the stock a “hold” rating in a report on Monday. Morgan Stanley lowered their price target on Duke Energy from $90.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday. UBS Group began coverage on Duke Energy in a report on Friday, February 2nd. They issued a “buy” rating and a $91.00 price target for the company. Zacks Investment Research upgraded Duke Energy from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Royal Bank of Canada restated a “buy” rating and issued a $91.00 price target on shares of Duke Energy in a report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $87.18.

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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.

Dividend History for Duke Energy (NYSE:DUK)

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