Published June 23, 2016 5:08pm EDT | Updated June 23, 2016 6:04pm EDT

DTE Energy Increases Dividend By 5.5% To 77 Cents a Share

DTE Energy Co. said late Thursday its board of directors agreed to increase the utility's dividend by 4 cents, or 5.5%, to 77 cents a share. The dividend is payable Oct. 15 to shareholders of record Sept. 19. The Detroit-based company said it has issued a cash dividend for more than 100 years. Shares of DTE were flat in late trading after ending the regular session up 0.3%.