Business

Duke Energy raises quarterly dividend payment by 4 percent

Duke Energy offices in uptown Charlotte. Duke announced a quarterly cash dividend Tuesday on its common stock of 82.5 cents a share, an increase of 3.8 percent.
Duke Energy offices in uptown Charlotte. Duke announced a quarterly cash dividend Tuesday on its common stock of 82.5 cents a share, an increase of 3.8 percent. ogaines@charlotteobserver.com

Duke Energy announced a quarterly cash dividend Tuesday on its common stock of 82.5 cents a share, an increase of 3.8 percent.

Shareholders who own stock in Duke Energy by the close of the business day August 14 will receive dividend payments on September 16.

“For the past 89 consecutive years, the dividend payment has been an important part of our commitment to deliver attractive total returns to shareholders,” said Lynn Good, president and CEO. “The strength of our cash flows and balance sheet provides valuable financial flexibility to continue growing the dividend.”

Duke Energy’s long-term target dividend payout ratio continues to be in the range of 65 to 70 percent of adjusted diluted earnings per share.

Duke Energy shares closed Tuesday at $75.27, up more than 3 percent. were up about 3.42 percent to $75.33 Tuesday afternoon. The shares are down nearly 10 percent for the year.

Chaney: 704-358-5197; Twitter: @sechaney

  Comments