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 7.1 percent to $0.945 per share in the fourth quarter of 2018. This will mark the 9th consecutive year of dividend increases by the utility company.

The increased dividend is payable January 15, 2019, to shareholders of record at the close of business December 17, 2018. A new annualized dividend of $3.78 per share yields 3.2% at a stock price of $118.14.

"This increase reflects the company's strong performance and ability to consistently achieve our goals," said Gerry Anderson, DTE Energy Chairman and CEO. "Over the past seven years, DTE Energy has provided average annual dividend increases of more than six percent. The Board's approval of the increase signals confidence in the company's performance and long-term strategic plan."
In addition, DTE is maintaining its targeted seven percent dividend growth through 2020 – higher than the six percent average dividend increase over the past seven years.

"We recognize the value of our long history of dividend growth and the role it plays in delivering above-average shareholder returns. We're confident in our growth plan and our longer-term outlook is strong," 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 XRAY 0.7% 10.0%
Sep 23 SRE 3.4% 5.3%
Sep 23 FLS 2.3% 0.0%
Sep 23 MDT 2.0% 8.6%
Sep 23 RL 2.5% 0.0%
Sep 23 IFF 2.4% 2.6%
Sep 24 EQR 3.0% 0.0%
Sep 24 GE 0.3% 0.0%
Sep 24 CERN 1.2% 0.0%
Sep 27 AMT 1.8% 5.0%