Duke Energy announces dividend payments to shareholders

Rhea-AI Summary

Duke Energy (NYSE: DUK) announced a quarterly cash dividend on its common stock of $1.025 per share and a quarterly cash dividend on its Series A preferred stock of $359.375 per share. The dividends are payable on June 17, 2024, to shareholders of record on May 17, 2024. Duke Energy has a history of paying cash dividends on its common stock for 98 consecutive years. The company is focused on a clean energy transition, aiming for net-zero methane emissions by 2030 and net-zero carbon emissions from electricity generation by 2050.

Positive

• Duke Energy announced a quarterly cash dividend on its common stock and Series A preferred stock, demonstrating the company's commitment to providing returns to shareholders.

• The company has a long history of paying cash dividends on its common stock for 98 consecutive years, indicating financial stability and shareholder value.

• Duke Energy's focus on a clean energy transition, with goals of achieving net-zero methane emissions by 2030 and net-zero carbon emissions by 2050, showcases its commitment to sustainability and environmental responsibility.

Negative

• None.

CHARLOTTE, N.C., May 9, 2024 /PRNewswire/ -- Duke Energy (NYSE: DUK) today declared a quarterly cash dividend on its common stock of $1.025 per share. This dividend is payable on June 17, 2024, to shareholders of record at the close of business on May 17, 2024.

The company also declared a quarterly cash dividend on its Series A preferred stock of $359.375 per share payable on June 17, 2024, to shareholders of record at the close of business May 17, 2024. This is equivalent to $0.359375 per depositary share.

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

When will Duke Energy pay its dividends?

Duke Energy will pay its quarterly cash dividends on June 17, 2024, to shareholders of record on May 17, 2024.

What is the dividend amount per share for Duke Energy's common stock?

The dividend amount per share for Duke Energy's common stock is $1.025.

What is Duke Energy's goal regarding net-zero carbon emissions?

Duke Energy aims to achieve net-zero carbon emissions from electricity generation by 2050.