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DTE Energy Company Dividends

DTE Stock Analysis

Page title

Section title

Dividend Yield
3.24%
Payout Ratio
59.81%
Dividend Amount Per Share
$4.01
Last Ex-Dividend Date
Sep 16, 2024

DTE Dividend Safety

DTE paid out 59.81% of its $1B earnings as dividends over the last 12 months.

Very Safe

  1. Very Unsafe

  2. Unsafe

  3. Somewhat Safe

  4. Safe

  5. Very Safe

Dividend Payout Ratio

DTE's Dividend Payout Ratio of 59.806% is considered safe for the Utilities sector, indicating that the company retains enough earnings to support business growth.

Interest Rate Coverage

DTE's Interest Coverage Ratio of 2.456 indicates strong financial health with easy coverage of interest expenses.

Income Quality

DTE shows excellent income quality with a ratio of 2.305. This indicates high-quality earnings and low risk of dividend cuts.

DTE Dividend Growth

DTE Energy Company(DTE) offers a dividend yield of 3.24% and pays $4.01 in dividends per share. Explore the historical dividend growth of DTE.

Dividend Stability

DTE has shown inconsistent dividend payments over the past 10 years with 1 cuts over 5%.

Dividend Growth

DTE's dividend payments have shown moderate growth, growing by 3.435% annually over the last 5 years.

Earnings Growth

DTE's earnings have shown moderate growth, growing by 3.628% annually over the last 5 years. Moderate growth indicates some stability but also potential uncertainty, suggesting that while dividends can continue, significant increases might be less likely.

DTE Dividend Yield Attractiveness

DTE Energy Company(DTE) provides a dividend yield of 3.24%. Compare this with the averages of its peers, industry, and sector to see how it stacks up.

Yield %

DTE

Peers

Sector

Industry

3.24%

3.28%

4.63%

4.70%

Dividend Yield

DTE's dividend yield of 3.24% is considered good compared to the sector average of 4.629%, providing a strong safety margin for investors.

DTE Free Cash Flow and Dividends Paid

This chart shows the Free Cash Flow (FCF) and the portion of FCF used to pay dividends each year by DTE Energy Company. The filled portion of the bar represents the dividends paid, while the remaining portion represents the remaining FCF.

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