Duke Energy hikes dividend by 2%

Duke Energy (DUK) will raise its quarterly dividend by 2.0 percent to $1.005 per share in 2022. This marks the 18th consecutive year of dividend increases by the utility company. The next dividend will be paid on September 16, 2022. Currently DUK yields 3.8% at a stock price of $105.

Duke Energy Corporation is an energy holding company incorporated on May 3, 2005, headquartered in Charlotte, North Carolina. Duke Energy’s segment structure includes three reportable business segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure and Commercial Renewables. The Electric Utilities and Infrastructure unit's regulated utilities serve retail electric customers in six states – North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. The Gas Utilities and Infrastructure unit distributes natural gas to customers in five states – North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The Duke Energy Renewables unit operates wind and solar generation facilities across the U.S., as well as energy storage and microgrid projects.