Duke Energy Corporation (DUK) to Issue Quarterly Dividend of $1.07 on December 16th

Duke Energy Corporation (NYSE:DUK) announced a quarterly dividend on Tuesday, October 14th. Stockholders of record on Friday, November 14th will be paid a dividend of 1.065 per share by the utilities provider on Tuesday, December 16th. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, November 14th.

Duke Energy has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 20 consecutive years. Duke Energy has a payout ratio of 63.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Duke Energy to earn $6.73 per share next year, which means the company should continue to be able to cover its $4.26 annual dividend with an expected future payout ratio of 63.3%.

Duke Energy Stock Performance

Shares of DUK opened at $123.74 on Wednesday. The firm has a market cap of $96.22 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 3.05 and a beta of 0.45. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55. The business’s 50 day moving average is $124.02 and its two-hundred day moving average is $120.87. Duke Energy has a 52-week low of $105.20 and a 52-week high of $130.03.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Thursday, November 6th. The utilities provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The business had revenue of $8.54 billion during the quarter, compared to analyst estimates of $8.51 billion. During the same quarter in the previous year, the firm earned $1.62 earnings per share. The business’s revenue was up 4.8% compared to the same quarter last year. Analysts forecast that Duke Energy will post 6.33 EPS for the current fiscal year.

About Duke Energy

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.