Tuesday, July 15th the Board of Directors of Duke Energy Corporation (DUK) announced a quarterly dividend increase of from $1.045 to $1.065 per share, that’s payable September 16, 2025 to holders of record August 15, 2025. This represents a 1.91% increase over the last quarterly dividend.
Duke Energy has paid a cash dividend on its common stock for 99 consecutive years.
At the current price of $117.46 (yesterday's close), this increase will raise DUK's dividend yield to 3.63%.
Duke Energy is a Dividend Contenders with a 20 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 2.0, 2.0, 2.0 and 2.8 (Dividend Champions.xls)
As an owner of 35 shares of DUK, the recent dividend increase adds $2.09 to my projected annual net dividend income.
That was the fifth time in a row that the dividend was raised by two cents. I had hoped for a two-and-a-half-cent increase, so even though the announcement was a bit disappointing, it wasn't a surprise.
This is the eighth dividend increase I've received from Duke Energy since I initiated my position in January 2018. Over that time, the quarterly dividend has grown modestly from $0.89 to $1.065 per share, representing a total increase of 19.7%.
The moment of writing, DUK’s weight of my portfolio is about 0.55% and its share of future annual dividend income is approximately 0.42%.
Following this increase, my yield on cost is 5.29%.
Summary of 2025 Dividend Increases / Cuts
Click here to see my portfolio holdings.
You can follow the development of my dividends here.
Full Disclosure: Long DUK
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