Duke Energy Corporation (NYSE:DUK – Get Free Report) announced a quarterly dividend on Tuesday, July 14th. Investors of record on Friday, August 14th will be paid a dividend of 1.085 per share by the utilities provider on Wednesday, September 16th. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, August 14th. This is a 1.9% increase from Duke Energy’s previous quarterly dividend of $1.06.
Duke Energy has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 20 years. Duke Energy has a payout ratio of 64.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Duke Energy to earn $7.14 per share next year, which means the company should continue to be able to cover its $4.34 annual dividend with an expected future payout ratio of 60.8%.
Duke Energy Stock Performance
Shares of NYSE:DUK opened at $123.18 on Wednesday. The stock has a market capitalization of $96.05 billion, a P/E ratio of 18.50, a P/E/G ratio of 2.67 and a beta of 0.38. Duke Energy has a 1-year low of $113.89 and a 1-year high of $134.49. The company has a current ratio of 0.66, a quick ratio of 0.43 and a debt-to-equity ratio of 1.47. The business has a 50-day moving average price of $125.68 and a two-hundred day moving average price of $126.46.
Trending Headlines about Duke Energy
Here are the key news stories impacting Duke Energy this week:
- Positive Sentiment: Extreme summer heat has pushed North Carolina cooling demand about 43% above normal, potentially supporting electricity sales and revenue. Duke also reported its strongest second quarter ever, although higher usage has increased customer bills. North Carolina heat sends cooling demand 43% above normal
- Neutral Sentiment: Duke Energy priced a $1.75 billion offering of 35 million equity units. The securities provide funding for capital investments and include future contracts to purchase Duke common stock, making the transaction strategically useful but potentially dilutive. Duke Energy announces pricing of equity units offering
- Neutral Sentiment: Severe storms left more than 160,000 customers in Ohio and Kentucky without power, while additional outages were reported in South Carolina. Restoration costs and service disruptions are near-term negatives, though a rapid repair response may limit the longer-term impact. More than 160,000 Duke Energy customers remain without power
- Negative Sentiment: North Carolina regulators are considering a settlement that would cut Duke’s proposed rate increase nearly in half. Lower approved rates could reduce future revenue and earnings recovery, while customers still face higher bills. Duke Energy cuts proposed rate hike nearly in half
- Negative Sentiment: St. Petersburg warned that rejecting a new franchise agreement could create financial and legal consequences, highlighting ongoing municipal and regulatory risk around Duke’s service territories. Duke Energy warns St. Pete of financial and legal consequences
About Duke Energy
Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.
Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.
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