DETROIT, June 22, 2017 /PRNewswire/ -- The DTE Energy
Board of Directors declared a $0.825
per share dividend on its common stock payable Oct. 15, 2017, to shareholders of record at the
close of business Sept. 18, 2017.
The dividend signifies consistency and confidence in the
Company's performance for the remaining half of 2017, and delivers
on the 7.1 percent per share increase communicated in November 2016. This continues DTE Energy's
reliable dividend history, having issued a cash dividend for more
than 100 years.
In addition, DTE is targeting an annual dividend increase of
approximately 7 percent through 2019 - higher than the 5.6 percent
average dividend increase over the past five years. The targeted
increases, which are subject to Board approval, signal confidence
in the Company's growth plan and are intended to bring DTE Energy's
dividend payout ratio in line with industry peers.
About DTE Energy
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 2.2 million customers in
Southeastern Michigan and a
natural gas utility serving 1.3 million customers in Michigan. The DTE Energy portfolio includes
non-utility energy businesses focused on power and industrial
projects, natural gas pipelines, gathering and storage, and energy
marketing and trading. As one of Michigan's leading corporate citizens, DTE
Energy is a force for growth and prosperity in the 450 Michigan
communities it serves in a variety of ways, including philanthropy,
volunteerism and economic progress. Information about DTE Energy is
available at dteenergy.com, twitter.com/dte_energy and
facebook.com/dteenergy.
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SOURCE DTE Energy