DTE Energy Company (DTE) To Go Ex-Dividend on March 16th

DTE Energy Company (NYSE:DTE) declared a quarterly dividend on Thursday, February 5th. Shareholders of record on Monday, March 16th will be paid a dividend of 1.165 per share by the utilities provider on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, March 16th.

DTE Energy has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 16 years. DTE Energy has a payout ratio of 60.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect DTE Energy to earn $7.70 per share next year, which means the company should continue to be able to cover its $4.66 annual dividend with an expected future payout ratio of 60.5%.

DTE Energy Price Performance

Shares of NYSE:DTE opened at $134.83 on Friday. The firm has a market cap of $28.00 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 2.50 and a beta of 0.49. DTE Energy has a 52 week low of $121.44 and a 52 week high of $143.79. The firm’s fifty day moving average is $131.83 and its 200-day moving average is $136.10. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.68 and a current ratio of 1.15.

DTE Energy Company Profile

DTE Energy is an integrated energy company headquartered in Detroit, Michigan, that combines regulated utility operations with non-utility energy businesses. Its regulated subsidiaries operate electric and natural gas utility services that deliver generation, transmission and distribution to residential, commercial and industrial customers. The company’s utility segment focuses on maintaining and upgrading energy delivery infrastructure, ensuring reliable service and meeting regulatory requirements in its service territory.

Beyond its regulated utilities, DTE Energy operates non-utility businesses that develop, own and operate power generation and energy-related projects.