Duke Energy (DUK) will raise its quarterly dividend by 4.2 percent to $0.9275 per share in 2018. This follows a 4.1 percent dividend hike by the utility company last year and marks the 14th consecutive year of dividend increases.

The dividend is payable on September 17, 2018, to shareholders of record at the close of business August 17, 2018. The new dividend yield for DUK is 4.6%.

"For 92 consecutive years, the dividend has played an important role in delivering value to our shareholders," said Lynn Good, chairman, president and CEO. "This increase reflects continued confidence in our ability to produce strong financial results as we execute our long-term strategy."

Duke Energy Corporation is an energy holding company incorporated on May 3, 2005, headquartered in Charlotte, North Carolina. Duke Energy’s segment structure includes three reportable business segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure and Commercial Renewables. The Electric Utilities and Infrastructure unit's regulated utilities serve retail electric customers in six states – North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. The Gas Utilities and Infrastructure unit distributes natural gas to customers in five states – North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The Duke Energy Renewables unit operates wind and solar generation facilities across the U.S., as well as energy storage and microgrid projects.