Duke Energy announces dividend payments to shareholders

Rhea-AI Summary

Duke Energy (NYSE: DUK) has declared a quarterly cash dividend of $1.045 per share on its common stock, representing a $0.02 increase. The dividend is payable on Sept. 16, 2024, to shareholders of record as of Aug. 16, 2024. The company also announced dividends for its Series A and Series B preferred stocks. Duke Energy has maintained a 98-year streak of consecutive dividend payments on its common stock.

As a Fortune 150 company, Duke Energy serves 8.4 million electric customers and 1.7 million natural gas customers across multiple states. The company is committed to a clean energy transition, aiming for net-zero methane emissions by 2030 and net-zero carbon emissions from electricity generation by 2050.

Positive

• Quarterly dividend increased by $0.02 to $1.045 per share
• 98-year streak of consecutive dividend payments maintained
• Serving 8.4 million electric customers and 1.7 million natural gas customers
• Ambitious clean energy transition goals set for 2030 and 2050

Negative

• None.

CHARLOTTE, N.C., July 15, 2024 /PRNewswire/ -- Duke Energy (NYSE: DUK) today declared a quarterly cash dividend on its common stock of $1.045 per share, an increase of $0.02. This dividend is payable on Sept. 16, 2024, to shareholders of record at the close of business on Aug. 16, 2024.

The company also declared a quarterly cash dividend on its Series A preferred stock of $359.375 per share payable on Sept. 16, 2024, to shareholders of record at the close of business Aug. 16, 2024. This is equivalent to $0.359375 per depositary share.

In addition, the company declared a semiannual cash dividend on its Series B preferred stock of $24.375 per share payable on Sept. 16, 2024, to shareholders of record at the close of business Aug. 16, 2024.

Duke Energy has paid a cash dividend on its common stock for 98 consecutive years.

Duke Energy

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. The company's electric utilities serve 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 54,800 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.

Duke Energy is executing an ambitious clean energy transition, keeping reliability, affordability and accessibility at the forefront as the company works toward net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050. The company is investing in major electric grid upgrades and cleaner generation, including expanded energy storage, renewables, natural gas and nuclear.

More information is available at duke-energy.com and the Duke Energy News Center. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook, and visit illumination for stories about the people and innovations powering our energy transition.

Media Contact: Gillian Moore
24-Hour: 800.559.3853

Analysts Contact: Abby Motsinger
Office: 704.382.7624

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SOURCE Duke Energy

FAQ

What is Duke Energy's new quarterly dividend amount for common stock (DUK)?

Duke Energy's new quarterly dividend for common stock (DUK) is $1.045 per share, an increase of $0.02.

When will Duke Energy (DUK) pay its next dividend?

Duke Energy (DUK) will pay its next dividend on September 16, 2024, to shareholders of record as of August 16, 2024.

How long has Duke Energy (DUK) been paying dividends?

Duke Energy (DUK) has paid a cash dividend on its common stock for 98 consecutive years.

What are Duke Energy's (DUK) clean energy goals?

Duke Energy (DUK) aims to achieve net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050.