CHARLOTTE, N.C., July 1, 2014 /PRNewswire/ -- Duke Energy today declared a quarterly cash dividend on its common stock of $0.795 per share, an increase of $0.015 per share or about 2 percent.
This increase is the same as in 2013, the first full year of Duke Energy's merger with Progress Energy.
The dividend is payable on Sept. 16, 2014, to shareholders of record at the close of business Aug. 15, 2014."Growth in the dividend payment is an important part of our investor value proposition," said Lynn Good, president and CEO. "The growth of our business as well as the strength of our balance sheet supports our ability to continue increasing returns to our shareholders." The company expects to achieve its targeted dividend payout ratio of between 65 and 70 percent of its adjusted diluted earnings per share in 2014. Duke Energy has paid a quarterly cash dividend on its common stock for 88 consecutive years. Also, the company has increased the dividend payment annually since the spinoff of Spectra Energy to shareholders in 2007. Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: www.duke-energy.com. Media Contact: Tom Shiel Office: 704.382.2355 | 24-Hour: 800.559.3853
Analysts Contact: Bill Currens Office: 704.382.1603 Logo - http://photos.prnewswire.com/prnh/20130322/CL81938LOGO SOURCE Duke Energy