DTE Energy issues dividend

Rhea-AI Summary

DTE Energy declared a dividend of $1.0125 per share on its common stock, payable on July 15, 2020, to shareholders of record by June 15, 2020. This announcement highlights DTE Energy's commitment to delivering consistent returns to shareholders, continuing a dividend-paying history exceeding 100 years. The company's president emphasized the importance of dividends in providing above-average shareholder returns. DTE also aims for significant reductions in carbon dioxide and methane emissions, targeting net zero carbon by 2050.

Positive

• Dividend of $1.0125 per share continues over 100 years of dividend history.
• Commitment to reducing carbon emissions by more than 80% by 2040.

Negative

• None.

News Market Reaction – DTE

-1.78%

1 alert

-1.78% News Effect

On the day this news was published, DTE declined 1.78%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Detroit, May 07, 2020 (GLOBE NEWSWIRE) -- DETROIT, May 7, 2020 (NYSE: DTE) — The DTE Energy Board of Directors declared a $1.0125 per share dividend on its common stock payable July 15, 2020 to shareholders of record at the close of business June 15, 2020. This continues DTE Energy's consistent dividend history, having issued a cash dividend for more than 100 years.

"We recognize the value of our long history of dividend and the role it plays in delivering above-average shareholder returns,” said Jerry Norcia, DTE Energy president and CEO. "DTE's continued performance in this area brings support to all of our stakeholders."

About DTE Energy 

DTE Energy (NYSE: DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving 2.2 million customers in Southeast Michigan and a natural gas company serving 1.3 million customers in Michigan. The DTE portfolio includes energy businesses focused on power and industrial projects; renewable natural gas; natural gas pipelines, gathering and storage; and energy marketing and trading. As an environmental leader, DTE utility operations will reduce carbon dioxide and methane emissions by more than 80 percent by 2040 to produce cleaner energy while keeping it safe, reliable and affordable. DTE Electric aspires to achieve net zero carbon by 2050. DTE is committed to serving with its energy through volunteerism, education and employment initiatives, philanthropy and economic progress. Information about DTE is available at dteenergy.com, empoweringmichigan.com, twitter.com/dte_energy and facebook.com. 

Pete Ternes
DTE Energy
313.235.5555

FAQ

What is the dividend amount declared by DTE Energy in May 2020?

DTE Energy declared a dividend of $1.0125 per share.

When will the dividend be paid to shareholders of DTE Energy?

The dividend will be paid on July 15, 2020.

What is the record date for DTE Energy's dividend?

The record date for the dividend is June 15, 2020.

What are DTE Energy's carbon emissions reduction targets?

DTE aims to reduce carbon dioxide and methane emissions by more than 80% by 2040.

How long has DTE Energy been issuing dividends?

DTE Energy has been issuing cash dividends for over 100 years.