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8 High-Dividend-Yield Defensive Stocks

8. DTE Energy is a diversified energy company engaged in the generation, purchase, distribution, and sale of electricity and natural gas. The company's other activities include gas pipelines and storage, unconventional gas and oil project development and production, power and industrial projects, and energy marketing and trading operations.

During 2010 fourth quarter, total revenue increased marginally to $2.17 billion from $2.12 billion, while earnings were up 26.7% to $152 million or 90 cents per share from $120 million or 72 cents per share in the year-ago quarter. Full year revenue grew 6.8% to $8.6 billion from $8 billion, while net income stood at $630 million or $3.74 per share, up 18.4% from $532 million or $3.24 per share.

During the year ended Dec. 2010, the company paid dividend of $2.18 per share, up from $2.12 per share in 2009. Totally, the company paid cash dividends of $360 million during 2010 compared to $348 million in 2009 and $344 million in 2008.

Going forward, DTE guides 2011 earnings in the range of $3.40-$3.70 per share. The company recently declared a dividend of 56 cents per share payable on Apr.15, 2011.

The company currently has a dividend yield of 4.81%. Of the 11 analysts covering the stock, 27% rate a buy, while 64% recommend a hold. The stock has gained 7.6% during the past one year and currently trades at a P/E of 13.8. Barclays recently reiterated an overweight rating on the stock with a price target of $52.
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NRGY $14.97 2.11%
APU $43.31 -0.09%
EDE $33.68 0.04%
DTE $90.12 1.10%
EXC $35.10 0.03%


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