Duke Energy (DUK) will raise its quarterly dividend by 1.9 percent to $0.945 per share in 2019. This follows a 4.2 percent dividend hike by the utility company last year and marks the 15th consecutive year of dividend increases.

This dividend is payable on Sept. 16, 2019, to shareholders of record at the close of business Aug. 16, 2019. A new annual rate of $3.78 per share yields 4.2% at a stock price of $89.

Duke Energy states that it has paid a cash dividend on its common stock for 93 consecutive years.

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.