DTE Energy As of September 21, 2021 ticker dps (an.) 2021 hike 2020 hike 2019 hike
DTE $3.30 -24.0% 7.2% 7.1%
Business yield Hike yrs 5 yr CAGR freq. paid since
Electric & Gas Utility 2.9% 0 0.0% Quarter 1916

DTE Energy (DTE) will raise its quarterly dividend by 7.0 percent to $0.8825 per share. The increased dividend will be paid on January 15, 2018 to shareholders of record on December 18, 2017. The new dividend yield for DTE is 3.2%.

"Over the past six years, DTE Energy has consistently provided an average annual dividend increase of approximately 6 percent," said Gerry Anderson, DTE Energy Chairman and CEO. "This increase reflects the company's strong performance and ability to consistently achieve our goals. The Board's approval of the increase signals confidence in the company's long-term strategic plan."

In addition, DTE is targeting an annual dividend increase of approximately 7 percent through 2020 – higher than the 6 percent average dividend increase over the past six years. DTE Energy has issued a cash dividend for more than 100 years.

"We recognize the value of our long history of dividend growth and the role it plays in delivering above-average shareholder returns. The decision to increase our dividend reflects DTE Energy's continued commitment to deliver shareholder value," Anderson added.

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.

Dividend Calendar

Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike
Sep 23 SRE 3.4% 5.3%
Sep 23 RL 2.5% 0.0%
Sep 23 FLS 2.3% 0.0%
Sep 23 XRAY 0.7% 10.0%
Sep 23 IFF 2.4% 2.6%
Sep 23 MDT 2.0% 8.6%
Sep 24 EQR 3.0% 0.0%
Sep 24 GE 0.3% 0.0%
Sep 24 CERN 1.2% 0.0%
Sep 27 LRCX 1.0% 15.4%