DTE Energy Company (NYSE:DTE) will begin trading ex-dividend on September 18, 2020. The quarterly dividend payment of $ 1.0125 per share is scheduled to be paid on October 15, 2020. The dividend yield based on the latest trading day closing price was 3.43 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
Dividends History
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DTE Energy Company recently reported first quarter financial results on April 28, 2020, before market open, the Detroit based company communicated income for the first quarter of $ 1.76 per share, from the revenue of $ 3,022.00 million. The quarterly earnings shrunk 14.15 percent while revenues dropped 20.50 percent compared with the same quarter last year.
According to street consensus, DTE was expected to report 1Q20 income of $ 1.93 per share from revenue of $ 3500.15 million. The bottom line results missed street analysts by $ 0.17 or 8.81 percent, at the same time, top line results fell short of analysts by $ 478.15 million or 13.66 percent.
Stock Performance
Shares of DTE Energy Company traded low $ -1.79 or -1.50 percent on Thursday, reaching $ 117.92 with volume of 708.30 thousand shares. DTE Energy Company has traded high as $ 119.93 and has cracked $ 117.80 on the downward trend
According to the previous trading day, closing price of $ 117.92, representing a 68.11 % increase from the 52 week low of $ 71.21 and a 11.76 % decrease over the 52 week high of $ 135.67.
The company has a market capital of $ 22.72 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
DTE Energy Company engages in the utility operations. The companys Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.
