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
1 views
DTE Energy has paid a dividend for more than a decade © DIVIDENDHIKE.COM
DTE Energy has paid a dividend for more than a decade © DIVIDENDHIKE.COM

DTE Energy (DTE) will raise its quarterly dividend by 7.2 percent to $1.085 per share in 2020. This follows a 7.1 percent increase to $1.0125 per share in 2019. This will also mark the 11th consecutive year of dividend increases by the utility company.

The DTE Energy Board of Directors declared a $1.085 per share dividend on its common stock, payable January 15, 2021, to shareholders of record at the close of business December 21, 2020. A new annual rate of $4.34 per share yields 3.5% at a stock price of $125.39.

After this new dividend increase the company will pay an estimated $836 million in dividends to shareholders annually. The average dividend growth rate in the last five years is 8.2 percent annually.

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%