DTE Energy Board of Directors declares quarterly dividend

Rhea-AI Summary

DTE Energy has announced its Board of Directors has declared a quarterly dividend of $1.09 per share on its common stock. The dividend will be payable on January 15, 2025, to shareholders of record as of the close of business on December 16, 2024. This declaration continues the company's remarkable track record of over 100 years of consistent cash dividend payments to shareholders.

Positive

• Maintains over 100-year track record of consistent dividend payments
• Quarterly dividend of $1.09 per share demonstrates stable shareholder returns

Negative

• None.

Insights

Financial Analyst

This quarterly dividend announcement reflects DTE Energy's continued commitment to shareholder returns, maintaining its over century-long dividend payment history. The $1.09 per share quarterly dividend equates to an annualized dividend of $4.36 per share. For a utility company with a market cap of $25.8 billion, this dividend demonstrates stability and reliable income generation for investors.

The consistency in dividend payments, particularly through various economic cycles, underscores DTE's strong financial position and steady cash flow generation typical of regulated utilities. The ex-dividend date typically falls two business days before the record date of December 16, meaning investors need to own shares before this date to receive the upcoming dividend payment.

Company continues more than 100-year history of issuing cash dividend

Detroit, Dec. 03, 2024 (GLOBE NEWSWIRE) -- (NYSE: DTE) — The DTE Energy Board of Directors declared a $1.09 per share dividend on its common stock payable Jan. 15, 2025, to shareholders of record at the close of business Dec. 16, 2024. 

About DTE Energy 
DTE Energy (NYSE:DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving 2.3 million customers in Southeast Michigan and a natural gas company serving 1.3 million customers across Michigan. The DTE portfolio also includes energy businesses focused on custom energy solutions, renewable energy generation, and energy marketing and trading. DTE has continued to accelerate its carbon reduction goals to meet aggressive targets and is committed to serving with its energy through volunteerism, education and employment initiatives, philanthropy, emission reductions and economic progress. Information about DTE is available at dteenergy.com, empoweringmichigan.com, x.com/DTE_Energy and facebook.com/dteenergy. 

For more information, members of the media may contact:
Dan Miner, DTE Energy: 313.235.5555

For further information, analysts may call:
Matthew Krupinski, DTE Energy, 313.235.6649
John Dermody, DTE Energy, 313.235.8750

FAQ

What is DTE Energy's dividend amount for Q1 2025?

DTE Energy's dividend amount for Q1 2025 is $1.09 per share.

When is DTE Energy's next dividend payment date?

DTE Energy's next dividend payment date is January 15, 2025.

What is the record date for DTE Energy's Q1 2025 dividend?

The record date for DTE Energy's Q1 2025 dividend is December 16, 2024.

How long has DTE Energy been paying dividends?

DTE Energy has maintained a history of paying cash dividends for more than 100 years.