DTE Energy issues dividend

Rhea-AI Summary

DTE Energy announced a dividend of $0.885 per share, payable on October 15, 2022, to shareholders on record by September 19, 2022. This dividend continues DTE's century-long tradition of cash dividends, reflecting its commitment to shareholder value. Jerry Norcia, CEO, emphasized the importance of DTE's dividends in providing consistent and above-average returns to investors, showcasing robust business practices.

Positive

• Declared a dividend of $0.885 per share, reinforcing commitment to shareholder returns.
• Maintained over 100-year history of issuing cash dividends, indicating stable profitability.

Negative

• None.

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

Detroit, June 23, 2022 (GLOBE NEWSWIRE) -- DETROIT, June 23, 2022 (NYSE: DTE) — The DTE Energy Board of Directors declared a $0.885 per share dividend on its common stock payable Oct. 15, 2022 to shareholders of record at the close of business Sept. 19, 2022. This continues DTE Energy's consistent dividend history, having issued a cash dividend for more than 100 years.

“Our shareholders value DTE’s dividend and the role it plays in delivering consistent, above-average returns,” said Jerry Norcia, DTE Energy chairman, president and CEO. “DTE’s continued performance in this area demonstrates the company’s commitment to sound business practices that support 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 2.3 million customers in Southeast Michigan and a natural gas company serving 1.3 million customers in Michigan. The DTE portfolio also includes non-utility businesses focused on industrial energy services, renewable natural gas, and energy marketing and trading. As an environmental leader, DTE utility operations will reduce carbon dioxide and methane emissions by more than 80% by 2040 to produce cleaner energy while keeping it safe, reliable and affordable. DTE Electric and Gas 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/dteenergy. 

FAQ

What is the dividend amount declared by DTE Energy?

DTE Energy declared a dividend of $0.885 per share.

When will the DTE Energy dividend be paid?

The dividend will be paid on October 15, 2022.

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

The record date for DTE Energy's dividend is September 19, 2022.

How long has DTE Energy been issuing dividends?

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