DTE Energy (NYSE:DTE) Is Increasing Its Dividend To $1.09 [Yahoo! Finance]
DTE Energy Company (DTE)
Last dte energy company earnings: 4/28 07:00 am
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US:NYSE Investor Relations:
ir.dteenergy.com
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Source: Yahoo! Finance
The payment will take the dividend yield to 3.4%, which is in line with the average for the industry. See our latest analysis for DTE Energy We aren't too impressed by dividend yields unless they can be sustained over time. Before making this announcement, DTE Energy was earning enough to cover the dividend, but it wasn't generating any free cash flows. No cash flows could definitely make returning cash to shareholders difficult, or at least mean the balance sheet will come under pressure. Over the next year, EPS is forecast to expand by 11.3%. If the dividend continues on this path, the payout ratio could be 53% by next year, which we think can be pretty sustainable going forward. Although the company has a long dividend history, it has been cut at least once in the last 10 years. Since 2014, the dividend has gone from $2.62 total annually to $4.08. This works out to be a compound annual growth rate (CAGR) of approximately 4.5% a year over that time. Modest growth in the divi
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DTE
News
- 3 Top Dividend Stocks to Maximize Your Retirement Income [Yahoo! Finance]Yahoo! Finance
- DTE Energy (NYSE: DTE) had its price target raised by analysts at Scotiabank from $137.00 to $147.00. They now have a "sector outperform" rating on the stock.MarketBeat
- How to Maximize Your Retirement Portfolio with These Top-Ranked Dividend Stocks [Yahoo! Finance]Yahoo! Finance
- DTE Energy brings comfort and home to Detroit families with $63 million in Energy Efficiency Assistance programsGlobeNewswire
- DTE or PEG: Which Is the Better Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
DTE
Earnings
- 10/24/24 - Beat
DTE
Sec Filings
- 10/31/24 - Form 8-K
- 10/3/24 - Form 4
- 10/3/24 - Form 4
- DTE's page on the SEC website