•  
Siemens: RuggedCom RSG2488 New Timing CapabilitiesAdvertisement
BACK SEND PRINT

DTE Energy Increases Dividend



June 19, 2014

The DTE Energy Board of Directors declared a $0.69 per share dividend on its common stock payable Oct. 15, 2014, to shareholders of record at the close of business Sept. 15, 2014. This is a $0.035 per share, or 5.3 percent, increase from the previous quarterly dividend of $0.655 per share and reflects the Board's and management's confidence in DTE's long-range growth plan.

This marks the fifth consecutive year of dividend increases since 2009 with an average annual dividend increase of 5.4 percent, in line with the company's stated long-term earnings targets.

"Dividends have been a significant component of DTE's total shareholder return and dividend growth is a key factor in our ongoing investor philosophy," said Gerard M. Anderson, DTE Energy's chairman and CEO. "Looking forward, we continue to target 5 percent to 6 percent earnings per share growth, with dividends growing in line with earnings."

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 utility serving 2.1 million customers in Southeastern Michigan and a natural gas utility serving 1.2 million customers in Michigan. The DTE Energy portfolio also includes non-utility energy businesses focused on power and industrial projects, midstream services and energy trading. Information about DTE Energy is available at dteenergy.com, twitter.com/dte_energy and facebook.com/dteenergy.

For more information :

Organization:
DTE Energy
Address:
2000 2nd Ave
Detroit, Michigan
United States, 48226-1279
www.dteenergy.com

Contact person:

Alejandro Bodipo-Memba, Media Contact
DTE Energy
Tel: (313) 235-5555

Contact person:

Scott Simons
DTE Energy
Tel: (313) 235-5555


Link http://www.electricenergyonline.com/detail_news.php?ID=487029
BACK SEND PRINT
Most consulted news
White Papers

Contact us

Jaguar Expo Inc
1160 rue Levis, Suite 100
Terrebonne (Quebec) J6W 5S6

Tel.: 450-471-0796
Toll free: 888-332-3749
Fax: 450-471-5443 . 888-243-4562

info@electricenergyonline.com
www.electricenergyonline.com

  Press

  Jobs

  Events

  Subscription

  News

  Magazine

  News on your smartphone

© 2014, Jaguar Media inc. All rights reserved. 1996-2014