Update: DTE Energy issues dividend

Rhea-AI Summary

DTE Energy has declared a $1.085 per share dividend on its common stock, continuing a tradition of over 100 years of cash dividends. The dividend is payable on July 15, 2021, to shareholders of record as of June 21, 2021. DTE's president, Jerry Norcia, emphasized the importance of this dividend for shareholders, reflecting the company's commitment to delivering consistent returns. The company continues to enhance its portfolio in energy-related services, aiming for significant reductions in carbon emissions by 2040 and net-zero emissions by 2050.

Positive

• Declared a $1.085 per share dividend, reinforcing shareholder value.
• Maintained a consistent dividend history for over 100 years, indicating stability.
• Focus on reducing carbon emissions by more than 80% by 2040, showcasing commitment to sustainability.

Negative

• None.

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

Detroit, May 06, 2021 (GLOBE NEWSWIRE) -- DETROIT, May 6, 2021 (NYSE: DTE) — 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 21, 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 DTE dividend amount for July 2021?

DTE Energy declared a dividend amount of $1.085 per share payable on July 15, 2021.

When is the record date for DTE's dividend?

The record date for DTE's dividend is June 21, 2021.

How long has DTE been issuing dividends?

DTE has been issuing cash dividends for over 100 years.

What are DTE Energy's emission reduction goals?

DTE aims to reduce carbon emissions by more than 80% by 2040 and achieve net-zero emissions by 2050.