Detroit-based DTE Energy (DTE) will increase its quarterly dividend by 5.3 percent to $0.69 per share in the year 2014. In 2013 the utility company hiked its dividend by 3.5 cents to 65.5 cents per share quarterly.
DTE Energy is a Detroit-based energy company. Its operating units include an electric utility serving customers in Southeastern Michigan and a natural gas utility serving customers in Michigan. The company's non-utility energy businesses are focused on power and industrial projects, natural gas pipelines, gathering and storage, and energy marketing and trading. The company has issued a cash dividend for more than 100 years.