Duke Energy Corporation (NYSE:DUK) Shares Set to Pay Quarterly Dividend of $1.08

Duke Energy Corporation (NYSE:DUK) announced a quarterly dividend on Thursday, October 1st. Stockholders 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 dividend yield of 3.8%. The ex-dividend date is Friday, November 13th.

Duke Energy has increased 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 64.6% meaning its dividend is sufficiently covered by earnings. 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 Stock Up 1.1%

Shares of DUK stock opened at $114.95 on Friday. The stock has a market cap of $89.62 billion, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 2.66 and a beta of 0.36. Duke Energy has a one year low of $112.40 and a one year high of $134.49. The stock has a fifty day moving average price of $120.99 and a 200 day moving average price of $124.71. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.66 and a quick ratio of 0.43.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.13. The firm 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 in the previous year, the firm posted $1.25 EPS. Analysts predict that Duke Energy will post 6.72 earnings per share 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.