DTE Energy (DTE) will increase its dividend by 5.8 percent to $0.73 per share quarterly in the year 2015. This follows a 5.3 percent dividend hike 69 cents per share quarterly in the previous year.
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.