DTE Energy issues dividend

Rhea-AI Summary

DTE Energy declared a cash dividend of $1.085 per share on May 6, 2021, continuing its century-long practice of issuing dividends. This payment will be made on July 15, 2021, to shareholders of record as of June 30, 2021. DTE Energy's president, Jerry Norcia, emphasized the importance of dividends for shareholders and the company's dedication to providing consistent above-average returns. The company also underlines its commitment to sustainability, with goals to significantly reduce emissions by 2040.

Positive

• Continued dividend payment of $1.085 per share supports shareholder confidence.
• DTE Energy has a long-standing commitment of over 100 years of issuing cash dividends.

Negative

• None.

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

DETROIT, May 06, 2021 (GLOBE NEWSWIRE) -- The DTE Energy Board of Directors declared a $1.085 per share dividend on its common stock payable July 15, 2021 to shareholders of record at the close of business June 30, 2021. This continues DTE Energy's consistent dividend history, having issued a cash dividend for more than 100 years.

"Our shareholders place a high value on our dividend and the role DTE plays in delivering consistent above-average returns,” said Jerry Norcia, DTE Energy president and CEO. "DTE's continued dividend performance supports all of our stakeholders."

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 2.2 million customers in Southeast Michigan and a natural gas company serving 1.3 million customers in Michigan. The DTE portfolio includes energy businesses focused on power and industrial projects; renewable natural gas; natural gas pipelines, gathering and storage; and energy marketing and trading. As an environmental leader, DTE utility operations will reduce carbon dioxide and methane emissions by more than 80 percent by 2040 to produce cleaner energy while keeping it safe, reliable and affordable. DTE Electric, DTE Gas and DTE Midstream aspire to achieve net zero carbon and greenhouse gas emissions by 2050. DTE is committed to serving with its energy through volunteerism, education and employment initiatives, philanthropy and economic progress. Information about DTE is available at dteenergy.com, empoweringmichigan.com, twitter.com/dte_energy and facebook.com. 

FAQ

What is the dividend amount for DTE Energy declared on May 6, 2021?

DTE Energy declared a dividend of $1.085 per share.

When is the DTE Energy dividend payment date?

The dividend payment date for DTE Energy is July 15, 2021.

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

The record date for DTE Energy's dividend is June 30, 2021.

How long has DTE Energy been issuing dividends?

DTE Energy has been issuing cash dividends for more than 100 years.