Duke Energy Corp (DUK) Plans Quarterly Dividend of $0.89

Duke Energy Corp (NYSE:DUK) declared a quarterly dividend on Friday, January 5th, RTT News reports. Shareholders of record on Friday, February 16th will be given a dividend of 0.89 per share by the utilities provider on Friday, March 16th. This represents a $3.56 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date is Thursday, February 15th.

Duke Energy has increased its dividend by an average of 3.5% annually over the last three years and has raised its dividend every year for the last 11 years. Duke Energy has a dividend payout ratio of 78.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Duke Energy to earn $4.81 per share next year, which means the company should continue to be able to cover its $3.56 annual dividend with an expected future payout ratio of 74.0%.

Duke Energy (NYSE DUK) opened at $76.10 on Friday. Duke Energy has a 1 year low of $72.93 and a 1 year high of $91.80. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71. The stock has a market cap of $52,022.18, a P/E ratio of 16.70, a price-to-earnings-growth ratio of 3.85 and a beta of 0.12.

A number of equities research analysts have recently commented on the stock. Citigroup raised their price objective on shares of Duke Energy from $74.00 to $77.00 and gave the stock a “sell” rating in a research note on Tuesday, October 17th. Bank of America reaffirmed a “neutral” rating and set a $92.00 price objective on shares of Duke Energy in a research note on Tuesday, October 24th. Zacks Investment Research raised shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. SunTrust Banks reaffirmed a “hold” rating and set a $90.00 price objective on shares of Duke Energy in a research note on Monday, November 6th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $87.00 price objective on shares of Duke Energy in a research note on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. Duke Energy presently has a consensus rating of “Hold” and an average price target of $87.98.

In related news, EVP Lloyd M. Yates sold 5,000 shares of Duke Energy stock in a transaction on Monday, November 13th. The shares were sold at an average price of $89.95, for a total value of $449,750.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.07% of the stock is currently owned by company insiders.

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Duke Energy Company Profile

Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.

Dividend History for Duke Energy (NYSE:DUK)

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