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CHARLOTTE, N.C. - Duke Energy (NYSE:DUK), a leading American energy company, has announced the distribution of its quarterly cash dividends. Shareholders of common stock are set to receive $1.045 per share, representing a current yield of 3.43%, while Series A preferred stock shareholders will be granted a dividend of $359.375 per share, which is equivalent to $0.359375 per depositary share. Both dividends will be payable on June 16, 2025, to shareholders who are on record by the close of business on May 16, 2025. According to InvestingPro, Duke Energy has raised its dividend for 17 consecutive years, demonstrating its commitment to shareholder returns.
This declaration marks the continuation of Duke Energy’s longstanding tradition of providing dividends, with a history of cash dividend payments on its common stock spanning 99 consecutive years. The company’s commitment to shareholder returns is underscored by its stable financial performance and strategic investments in the energy sector.
Duke Energy, headquartered in Charlotte, North Carolina, is one of the largest energy holding companies in the United States, with a market capitalization of $94.7 billion and annual revenue of $29.9 billion. It provides electric utility services to approximately 8.6 million customers across six states and operates a significant energy capacity totaling 55,100 megawatts. Additionally, the company’s natural gas utilities cater to 1.7 million customers in five states.
As part of its operational focus, Duke Energy is actively pursuing an ambitious energy transition strategy. The company prioritizes customer reliability and value while investing in the modernization of the electric grid and cleaner energy sources. These investments encompass natural gas, nuclear, renewables, and energy storage solutions.
The information regarding the dividend payments is based on a press release statement from Duke Energy. The company remains a prominent player in the energy sector, dedicated to advancing energy technologies and services while maintaining a strong emphasis on shareholder value. Currently trading near its 52-week high, Duke Energy maintains a "GOOD" Financial Health Score according to InvestingPro, which offers comprehensive analysis and additional insights through its detailed Pro Research Report, available for over 1,400 US stocks.
In other recent news, Duke Energy has announced the appointment of Harry Sideris as the new chief executive officer, succeeding Lynn Good. Sideris, who has been with the company for 29 years, will also continue as president and oversee an $83-billion five-year capital plan focused on infrastructure investments. Jefferies analyst Julien Dumoulin-Smith has raised Duke Energy’s stock price target to $133, maintaining a Buy rating due to the company’s stable investment potential amidst market uncertainties. Meanwhile, BMO Capital Markets adjusted its price target for Duke Energy to $123, retaining an Outperform rating, and later increased it to $128 following a meeting with the company’s senior management. This adjustment reflects confidence in Duke Energy’s clean regulatory environment and defensive profile, which are expected to drive growth.
In response to recent severe weather, Duke Energy has restored power to over 70,000 customers in Ohio and Kentucky following historic flooding. The company has been actively collaborating with local authorities to ensure safety and has provided guidelines for customers dealing with flood-related issues. Additionally, Duke Energy has sponsored an updated version of the American Red Cross Emergency app to assist customers with weather safety. These developments highlight Duke Energy’s ongoing commitment to operational excellence and customer service.
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