Duke Energy Corp (DUK) to Issue Quarterly Dividend of $0.93 on December 17th

Duke Energy Corp (NYSE:DUK) announced a quarterly dividend on Friday, October 26th, RTT News reports. Shareholders of record on Friday, November 16th will be paid a dividend of 0.9275 per share by the utilities provider on Monday, December 17th. This represents a $3.71 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date is Thursday, November 15th.

Duke Energy has increased its dividend payment by an average of 3.5% per year over the last three years and has increased its dividend annually for the last 11 consecutive years. Duke Energy has a dividend payout ratio of 78.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Duke Energy to earn $5.01 per share next year, which means the company should continue to be able to cover its $3.71 annual dividend with an expected future payout ratio of 74.1%.

Shares of DUK stock opened at $85.58 on Friday. The company has a market capitalization of $60.38 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 3.56 and a beta of -0.06. The company has a quick ratio of 0.41, a current ratio of 0.68 and a debt-to-equity ratio of 1.17. Duke Energy has a fifty-two week low of $71.96 and a fifty-two week high of $91.80.

Duke Energy (NYSE:DUK) last issued its earnings results on Friday, November 2nd. The utilities provider reported $1.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.12. The business had revenue of $6.63 billion during the quarter, compared to the consensus estimate of $6.59 billion. Duke Energy had a return on equity of 8.02% and a net margin of 11.98%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.59 earnings per share. On average, research analysts anticipate that Duke Energy will post 4.74 earnings per share for the current year.

A number of equities research analysts have weighed in on DUK shares. Wells Fargo & Co lowered their target price on Duke Energy from $89.00 to $88.00 and set a “market perform” rating for the company in a report on Monday, November 5th. Howard Weil started coverage on Duke Energy in a report on Tuesday, July 24th. They issued a “sector outperform” rating and a $85.00 target price for the company. Scotiabank started coverage on Duke Energy in a report on Tuesday, July 24th. They issued a “buy” rating and a $85.00 target price for the company. Morgan Stanley lifted their target price on Duke Energy from $79.00 to $86.00 and gave the stock an “equal weight” rating in a report on Monday, July 16th. Finally, Zacks Investment Research downgraded Duke Energy from a “buy” rating to a “hold” rating in a report on Monday, July 30th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $84.00.

In other news, COO Dhiaa M. Jamil sold 4,279 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $81.54, for a total transaction of $348,909.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.07% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was originally posted by WKRB News and is the property of of WKRB News. If you are reading this article on another domain, it was stolen and republished in violation of United States and international copyright and trademark law. The original version of this article can be read at https://www.wkrb13.com/2018/11/10/duke-energy-corp-duk-to-issue-quarterly-dividend-of-0-93-on-december-17th.html.

Duke Energy Company Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

Featured Article: What is a put option?

Dividend History for Duke Energy (NYSE:DUK)

Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply