DTE Energy (DTE) will increase its quarterly dividend by 7.6% to $0.9525 per share. The dividend yield for DTE is 3.4% at a stock price of $114.48.
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.