DTE Energy (DTE) will raise its quarterly dividend by 5.5 percent to $0.77 per share. The new annualized dividend is $3.08, up from $2.92. DTE Energy has issued a cash dividend for more than 100 years, dating back to the early twentieth century.

"We recognize the value of our long history of dividend growth and the role it plays in delivering above-average shareholder returns," said Gerry Anderson, DTE Energy chairman and CEO. "This dividend increase approved by our board of directors marks seven consecutive years DTE has increased its dividend payout, signaling a vote of confidence in the company's financial strength."

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.