Duke Energy Corporation (NYSE:DUK) Declares Quarterly Dividend of $1.08

Key Points

• Duke Energy declared a quarterly dividend of $1.085 per share, payable December 16 to shareholders of record on November 13. The annualized dividend is $4.34 per share, representing a 3.8% yield.
• The dividend appears well covered, with a current payout ratio of 64.6% and an expected future payout ratio of 60.6%; Duke has increased its dividend for 20 consecutive years.
• Duke’s latest quarterly earnings beat analyst expectations, with EPS of $1.43 versus a $1.30 consensus, while revenue rose 1.1% year over year to $7.59 billion.

Duke Energy Corporation (NYSE:DUK - Get Free Report) announced a quarterly dividend on Thursday, October 1st. Shareholders of record on Friday, November 13th will be given a dividend of $1.0850 per share by the utilities provider on Wednesday, December 16th. This represents a $4.34 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, November 13th.

Duke Energy has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 20 years. Duke Energy has a dividend payout ratio of 64.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Duke Energy to earn $7.16 per share next year, which means the company should continue to be able to cover its $4.34 annual dividend with an expected future payout ratio of 60.6%.

Duke Energy Trading Up 1.1%

Shares of DUK stock opened at $114.95 on Friday. Duke Energy has a 1 year low of $112.40 and a 1 year high of $134.49. The firm has a market capitalization of $89.62 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 2.66 and a beta of 0.36. The stock has a fifty day moving average of $120.99 and a two-hundred day moving average of $124.71. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.43 and a current ratio of 0.66.

Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.30 by $0.13. The business had revenue of $7.59 billion for the quarter, compared to analyst estimates of $7.66 billion. Duke Energy had a net margin of 15.78% and a return on equity of 9.78%. The business's revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the business earned $1.25 earnings per share. As a group, research analysts expect that Duke Energy will post 6.72 EPS for the current year.

Duke Energy Company Profile

Duke Energy Corporation NYSE: DUK is an energy holding company that operates regulated electric and natural gas utilities in the United States. Its electric utilities generate, transmit, distribute and sell electricity to residential, commercial, industrial and other customers.

The company serves customers across the Carolinas, Florida, Indiana, Ohio and Kentucky. Duke Energy also operates natural gas utilities and related infrastructure in several states, including North Carolina, South Carolina, Ohio, Kentucky and Tennessee.

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