Duke Energy Boosts Quarterly Dividend to $1.065, Marks 99 Consecutive Years of Consistent Payouts

Duke Energy Corp (DUK) announced a quarterly dividend increase to $1.065 per share, up $0.02, and declared a dividend on its Series A preferred stock. The dividend is payable on September 16, 2025. The company has maintained a consistent dividend payout for 99 consecutive years, underscoring its financial stability and commitment to shareholder returns.

Charlotte, NC - Duke Energy Corp (DUK), a $90.5 billion utility giant, has announced a quarterly dividend increase to $1.065 per share, a $0.02 increase from the previous payout. This marks the 17th consecutive year of dividend hikes for the company, which has maintained a consistent dividend payout for 99 consecutive years [1].

The dividend will be payable on September 16, 2025, to shareholders of record as of August 15, 2025. Duke Energy also declared a quarterly cash dividend on its Series A preferred stock of $359.375 per share, equivalent to $0.359375 per depositary share, payable on the same dates [1].

Duke Energy, one of America’s largest energy holding companies, serves 8.6 million electric customers across six states and 1.7 million natural gas customers across five states. The company’s electric utilities collectively own 55,100 megawatts of energy capacity [1]. Duke Energy is currently implementing energy transition initiatives, including grid upgrades and investments in various generation sources, to meet its net-zero goals [1].

In recent financial news, Duke Energy reported first-quarter earnings per share (EPS) of $1.76, surpassing BMO Capital Markets’ and the consensus estimate of $1.62. This strong performance led BMO to raise its stock target to $131 while maintaining an Outperform rating. Jefferies also adjusted its price target for Duke Energy, increasing it to $138, citing the company’s success in data center operations and its defensive qualities [1].

Duke Energy Carolinas has filed for a 7.7% rate increase in South Carolina, which, if approved, would generate an annual revenue increase of $150.5 million. This rate adjustment is intended to support investments in grid reliability and storm resilience [1]. The company is also advancing its federal affairs strategy by promoting two executives to lead the division [1].

References:

[1] https://za.investing.com/news/company-news/duke-energy-raises-quarterly-dividend-by-002-per-share-93CH-3790407