DTE Energy issues quarterly dividend

Rhea-AI Summary

DTE Energy declared a quarterly cash dividend of $0.885 per share, payable on April 15, 2022, to shareholders of record by March 21, 2022. This dividend maintains DTE's long-standing commitment to providing shareholder returns, continuing a history of over 100 years of dividend payments. CEO Jerry Norcia emphasized the importance of this dividend for stakeholders, including retirees and employees, as part of the company's return to the community.

Positive

• Consistent dividend payment history for over 100 years.
• Dividend of $0.885 per share represents ongoing commitment to shareholder returns.

Negative

• None.

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

Detroit, Feb. 03, 2022 (GLOBE NEWSWIRE) -- DETROIT, Feb. 3, 2022 (NYSE: DTE) — The DTE Energy Board of Directors declared a $0.885 per share dividend on its common stock payable April 15, 2022 to shareholders of record at the close of business March 21, 2022. This continues DTE Energy's consistent dividend history, having issued a quarterly cash dividend for more than 100 years.

"We recognize the value of our long history of providing quarterly dividends and the role they play in delivering above-average shareholder returns,” said Jerry Norcia, DTE Energy president and CEO. “Our shareholders include retirees, customers and employees -- our dividend is one of the many ways we give back to these communities and 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 DTE's dividend amount and payment date?

DTE Energy declared a dividend of $0.885 per share, payable on April 15, 2022.

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

The record date for DTE Energy's dividend is March 21, 2022.

How long has DTE Energy been issuing dividends?

DTE Energy has been issuing quarterly cash dividends for over 100 years.

What does DTE Energy's dividend reflect about the company?

The dividend reflects DTE Energy's commitment to providing returns to its shareholders.