Dte Energy's latest quarterly dividend of $1.02 per share was on Mar 15, 2024 (ex-date). The annualized dividend distribution of $3.95 per share represents a current dividend yield of 3.58%.
Dte Energy's dividend yield of 3.58% is above the Utilities sector and its peers average but below the industry average. But if we consider its Utilities sector average of 3.5%, Dte Energy's dividend yield is only 2.3% higher. The historical 5-year average of DTE's dividend yield is 3.3%, which is less than the current yield.
Dte Energy has a history of paying dividends since 1994. Our records of DTE show that the company has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 7% since twelve months ago. And with the price of the stock down by 3.1% from a year ago, the dividend yield has increased by 11%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 15, 2024 | Apr 15, 2024 | Feb 1, 2024 | $1.02 | normal |
| Dec 15, 2023 | Jan 15, 2024 | Dec 8, 2023 | $1.02 | normal |
| Sep 15, 2023 | Oct 15, 2023 | Jun 22, 2023 | $0.953 | normal |
| Jun 15, 2023 | Jul 15, 2023 | May 4, 2023 | $0.953 | normal |
| Mar 17, 2023 | Apr 15, 2023 | Feb 2, 2023 | $0.953 | normal |
| Dec 16, 2022 | Jan 15, 2023 | Nov 10, 2022 | $0.953 | normal |
| Sep 16, 2022 | Oct 15, 2022 | Jun 23, 2022 | $0.885 | normal |
| Jun 16, 2022 | Jul 15, 2022 | May 5, 2022 | $0.885 | normal |
| Mar 18, 2022 | Apr 15, 2022 | Feb 3, 2022 | $0.885 | normal |
| Dec 17, 2021 | Jan 15, 2022 | Oct 27, 2021 | $0.885 | normal |
| Sep 17, 2021 | Oct 15, 2021 | Jun 24, 2021 | $0.825 | normal |
| Jun 18, 2021 | Jul 15, 2021 | May 6, 2021 | $1.085 | normal |
| Mar 12, 2021 | Apr 15, 2021 | Jan 28, 2021 | $1.085 | normal |
| Dec 18, 2020 | Jan 15, 2021 | Oct 27, 2020 | $1.085 | normal |
| Sep 18, 2020 | Oct 15, 2020 | Jun 18, 2020 | $1.013 | normal |
| Jun 12, 2020 | Jul 15, 2020 | May 7, 2020 | $1.013 | normal |
| Mar 13, 2020 | Apr 15, 2020 | Jan 30, 2020 | $1.013 | normal |
| Dec 13, 2019 | Jan 15, 2020 | Oct 28, 2019 | $1.013 | normal |
| Sep 13, 2019 | Oct 15, 2019 | Jun 20, 2019 | $0.945 | normal |
| Jun 14, 2019 | Jul 15, 2019 | May 9, 2019 | $0.945 | normal |
| Mar 15, 2019 | Apr 15, 2019 | Jan 31, 2019 | $0.945 | normal |
| Dec 14, 2018 | Jan 15, 2019 | Nov 9, 2018 | $0.945 | normal |
| Sep 14, 2018 | Oct 15, 2018 | Jun 21, 2018 | $0.882 | normal |
| Jun 15, 2018 | Jul 15, 2018 | May 3, 2018 | $0.882 | normal |
| Mar 16, 2018 | Apr 15, 2018 | Feb 2, 2018 | $0.882 | normal |
| Dec 15, 2017 | Jan 15, 2018 | Nov 3, 2017 | $0.882 | normal |
| Sep 15, 2017 | Oct 16, 2017 | Jun 22, 2017 | $0.825 | normal |
| Jun 15, 2017 | Jul 15, 2017 | May 8, 2017 | $0.825 | normal |
| Mar 16, 2017 | Apr 15, 2017 | Feb 3, 2017 | $0.825 | normal |
| Dec 15, 2016 | Jan 15, 2017 | Nov 4, 2016 | $0.825 | normal |
| Sep 15, 2016 | Oct 15, 2016 | Jun 23, 2016 | $0.77 | normal |
| Jun 16, 2016 | Jul 15, 2016 | May 5, 2016 | $0.73 | normal |
| Mar 17, 2016 | Apr 15, 2016 | $0.73 | normal | |
| Dec 17, 2015 | Jan 15, 2016 | Dec 2, 2015 | $0.73 | normal |
Dte Energy's payout ratio of 58.3% is below the Utilities sector, the industry and its peers average. Compared to its Utilities sector average of 65.4%, Dte Energy's payout ratio is 11% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| WEC Wec Energy Group Inc | 3.87% | $3.18 | 75.2% |
| XEL Xcel Energy Inc | 3.81% | $2.11 | 65.7% |
| LNT Alliant Energy Corp | 3.68% | $1.84 | 66.1% |
| NI Nisource Inc | 3.63% | $1.02 | 63.8% |
| DTE Dte Energy Co | 3.58% | $3.95 | 58.3% |
| AEE Ameren Corp | 3.46% | $2.56 | 58.3% |
| CMS Cms Energy Corp | 3.3% | $1.98 | 65.7% |
| MGEE Mge Energy Inc | 2.16% | $1.69 | 52% |
Yes, Dte Energy has been paying dividends for the last 30 years.
At this point we don't have a record of DTE's next dividend date, but based on the current dividend schedule we project that it will likely be in June 2024.
Dte Energy's last dividend ex-date was on Mar 15, 2024. The dividend amount was $1.02 per share.
On an annual basis DTE pays $3.95 per share.
The current dividend yield of Dte Energy is 3.58%.
Dte Energy has a quarterly dividend frequency.
Dte Energy's dividend payout ratio is 58.3%.
Dte Energy's dividend yield is similar to the Utilities sector average.