Duke Energy Raises Quarterly Dividend By 4%

By Ciara LinnaneMarketWatch Pulse

Duke Energy Corp. said Tuesday it is raising its quarterly dividend by about 4% to 82.5 cents a share. The new payout will be payable Sept. 16 to shareholders of record as of close of trade Aug. 14. The company is aiming to distribute $2.7 billion of its foreign cash to shareholders by 2022, it said in a statement. Duke is planning to increase future dividends at a rate that is more in line with adjusted per-share earnings targets, it said. Shares were not yet active in premarket trade, but are down 12.8% in the year so far, while the S&P 500 has gained 0.5%.

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