Tuesday January 2, I bought 20 shares of Duke Energy
Corporation at $ 83.21 per share plus commission.
Duke Energy Corporation, together with its subsidiaries,
operates as an energy company in the United States. It operates through three
segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure,
and Commercial Renewables. The Electric Utilities and Infrastructure segment
generates, transmits, distributes, and sells electricity in the Carolinas,
Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable
generation, and nuclear fuel to generate electricity; and engages in the
wholesale of electricity to municipalities, electric cooperative utilities, and
other load-serving entities. This segment serves approximately 7.5 million
retail electric customers in 6 states in the Southeast and Midwest regions of
the United States covering a service territory of approximately 95,000 square
miles; and owns approximately 49,300 megawatts (MW) of generation capacity. The
Gas Utilities and Infrastructure segment distributes natural gas to
residential, commercial, industrial, and power generation natural gas
customers; and owns, operates, and invests in various pipeline transmission and
natural gas storage facilities. It has approximately 1.5 million customers,
including 1 million customers located in North Carolina, South Carolina, and
Tennessee, and as well as 529,000 customers located in southwestern Ohio and
northern Kentucky. The Commercial Renewables segment acquires, builds,
develops, and operates wind and solar renewable generation projects, including
nonregulated renewable energy and energy storage services to utilities,
electric cooperatives, municipalities, and commercial and industrial customers.
This segment has 21 wind farms and 63 commercial solar farms with a capacity of
2,900 MW across 14 states. The company was formerly known as Duke Energy
Holding Corp. and changed its name to Duke Energy Corporation in April 2005.
Duke Energy Corporation was incorporated in 2005 and is headquartered in
Charlotte, North Carolina.
DUK is a Dividend Contenders with a 13 year streak of
dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 3.9,
3.5, 2.9 and 3.1. (DividendChampions.xls)
Duke Energy Corporation now pays dividends of $ 0.89 per share normally in
March, June, September and December.
If you are interested, you can read analysis of Duke
Energy Corporation by DivGuya at Dividend Monk here
and by Dividend Growth Stocks here.
Details of my purchase:
Some ratings for DUK:
Yahoo: Mean
Recommendation 2.9, 1y Target Est $ 88.32
Reuters: Mean
Rating 2.94
Morningstar:
(***)
At today's exchange rate, this purchase 20 shares of DUK
will increase € 44.11 ($ 53.04) of my expected annual net dividend income and
will increase my portfolio's projected annual net dividend income to €
11,470.00. With purchase price $ 83.21 plus commission ($ 3.50) my starting yield
on cost is 4.27%. After this acquisition, DUK's weight of my portfolio is about
0.34% and its share of future annual dividend income is approximately 0.38%. My
purpose is to add more DUK to my portfolio if the price remains at these
levels.
Click here
to see my portfolio.
Full Disclosure: Long DUK
Thanks for stopping by!
Cannot say no to an utility. Nice yield and definitely helps us progress towards FI.
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